Breaking News: Markets
- We're buying the post-earnings slump in a stock alongside Tim Cook. It's not Apple - We're scooping up shares of struggling company on a confidence-inducing signal from the board of directors that a bottom could be forming.
- Asia markets trade mixed in thin Christmas Eve trading - Asia-Pacific markets traded mixed on Wednesday amid thinner trading as several indexes are set to close early in lieu of the Christmas Eve holiday.
- Gold and silver reach fresh highs for second day running — and could keep climbing - David Neuhauser, CIO at Livermore Partners, told CNBC's "Access Middle East" that gold has more room to run.
- Fed chair candidate Hassett says U.S. is way behind the curve on lowering rates - Hassett said the artificial intelligence boom is boosting economic growth while simultaneously putting downward pressure on inflation.
- Citadel to return $5 billion in profit to investors, source says - The firm's flagship-multistrategy fund, known as Wellington, gained 9.3% in the year through last week, the person said.
- U.S. economy grows by 4.3% in third quarter, much more than expected, delayed report shows - The U.S. economy grew at a much bigger-than-expected pace in the third quarter, boosted by strong consumer spending, a delayed report released Tuesday showed.
- Gas prices fall to four-year lows as millions embark on holiday road trips - The average price of unleaded gasoline in the U.S. is at its lowest since 2021, according to AAA.
- South Korea's Hanwha Ocean sees shares jump 10% after Trump says firm to build warships for U.S. Navy - Trump said that the frigates will be built at the Philadelphia shipyards, which Hanwha had invested $5 billion into.
- Asia-Pacific markets mostly climb after AI trade lifts Wall Street overnight - Investors in Asia will watch out for AI-related plays in the region, as well as inflation reading out of Singapore.
- Trump halts wind projects, including Coastal Virginia Offshore Wind, Dominion stock drops 4% - Interior Secretary Doug Burgum said the administration paused the projects due to national security concerns identified by the Pentagon.