📈 Stocks / Finance

Trump's housing plans face high mortgage rates and supply issues

TheStreet

Rising mortgage rates, now near 6.9%, have cut affordability and slowed homebuying, despite Trump's plans to halve new home costs and ease regulations. The average home price rose over 30% since 2019, and new construction permits are up, but mortgage costs remain a key obstacle.

Dollar Rally Faces Uncertain Momentum Amid Two-Way Trading

Yahoo Finance

The dollar's rally has slowed as market sentiment turns mixed, with the Bloomberg Dollar Spot Index stabilizing below recent highs. Technical indicators suggest an overbought state, and investor flows are becoming less one-sided, indicating possible limits to further gains.

Nvidia posts strong Q3 results amid AI boom

CNBC

Nvidia's Q3 revenue surged 94% annually to $35.08B, surpassing estimates. Earnings per share hit $0.81, beating expectations of $0.75. Data center revenue rose 112%, driven by AI chip demand, while the next-gen Blackwell chip began distribution. Net income doubled to $19.3B.

🪙 Crypto

Trump Considers Creating Crypto Policy Role

Fox Business

President-elect Trump is reportedly considering appointing a dedicated crypto policy lead, potentially interacting with the SEC and CFTC. Bitcoin, meanwhile, surged 156% since November 2023 to reach $94,000, driving ETF growth, with iShares Bitcoin Trust now surpassing $40 billion.

🌎 Global Economy

$1.3 Trillion Sought for Climate Adaptation, Rich Nations Lag

Al Jazeera

With just days left at COP29, developing nations are pushing for $1.3 trillion in climate finance, but wealthier countries have yet to commit. Proposals range from $200 billion to $1.3 trillion, with negotiators debating grant vs. loan proportions. Emerging economies are also expected to contribute.

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