📈 Stocks / Finance

Dow falls for 9th straight session ahead of Fed decision

Reuters

U.S. stocks declined, with the Dow down 0.61% for a ninth consecutive loss, its worst streak since 1978. November retail sales rose 0.7%, while investors braced for the Fed's expected 25 bps rate cut. Treasury yields fluctuated, and the VIX climbed to its highest since late November.

Institutional confidence grows in AST SpaceMobile

MarketBeat

State Street Corp raised its stake in AST SpaceMobile (ASTS) by 14.8% in Q3, now holding 1.15% of the company, valued at $80.8M. Other institutional investors also expanded positions, with Schwab increasing its holdings by 228.9%. ASTS has a $7.19B market cap and a 52-week range of $1.97-$39.08.

Record low Brazilian real triggers coffee futures selloff

Barchart

Coffee futures declined as Brazil's real hit a record low, spurring long liquidation amid increased export selling. ICE arabica inventories rose to a 2.5-year high, countering recent price surges driven by drought concerns. Vietnam’s robusta supply remains tight due to floods and reduced harvests.

🪙 Crypto

XRP nears breakout amid multi-year highs and SEC uncertainty

Coinpedia

XRP surged over 10% to $2.64, breaking a multi-year triangle after a 420% rally. Technical analysis suggests a target of $3.4 if it holds above $2.6. Ripple’s launch of RLUSD stablecoin and XRPL upgrades further boost adoption, though concerns linger over SEC dynamics.

🌎 Global Economy

Trump's tariffs and three global economic futures

The Conversation

If Trump imposes new tariffs, three scenarios could unfold: US inflation and supply chain shifts from broad tariffs, transactional trade deals reshaping deficits, or China yielding temporarily to US demands. The UK and EU face dilemmas on retaliation, risking trade disruptions and alignment conflicts.

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