Breaking News: Markets
- U.S. admits liability in Army helicopter collision with American Airlines jet that killed 67 people - The U.S. admitted fault in the deadly Army Black Hawk helicopter collision on Jan. 29 that killed all 67 people on board.
- Tricolor executives charged with 'systematic fraud' after subprime auto lender roiled banking sector - Prosecutors allege senior managers orchestrated schemes that allowed Tricolor to obtain billions of dollars from lenders by misrepresenting collateral.
- Fed chair candidate Waller says he will 'absolutely' emphasize importance of the central bank's independence to Trump - MarketsFed chair candidate Waller says he will 'absolutely' emphasize importance of the central bank's independence to TrumpPublished Wed, Dec 17 20258:29 AM ES
- Robinhood is rolling out NFL parlay and prop bets on prediction markets platform - Robinhood announced Tuesday that users will be able to trade on National Football League games and player performances.
- Shares of Chinese chipmaker MetaX soar nearly 700% in blockbuster Shanghai debut - Shares of Chinese chipmaker MetaX Integrated Circuits Shanghai soared nearly 700% after raising nearly $600 million in its initial public offering.
- Asia-Pacific markets set to open mixed ahead of Japan trade data - Asia-Pacific markets were set to open mixed Wednesday as traders looked toward trade data coming out of Japan.
- U.S. crude oil drops below $55 a barrel, hits lowest level since early 2021 - The oil market is under pressure as OPEC+ members have rapidly ramped up production and the U.S. pressures Ukraine to accept a peace agreement with Russia.
- Hassett says Fed independence is ‘really important’ and chair candidates shouldn’t be disqualified for being Trump’s friend - Hassett declined in a CNBC interview to directly address his own candidacy but said forging consensus is an important part of the job.
- Payrolls rose by 64,000 in November, more than expected, delayed jobs numbers show - Nonfarm payrolls were expected to increase by 45,000 in November as the unemployment rate rose to 4.5%.
- Defense giants say investors should still bet on them, as hopes for a Russia-Ukraine peace deal spark a selloff - European defense stocks fell on Tuesday after U.S. President Donald Trump said negotiators were closer than ever to securing a peace deal for Ukraine.