A 500% Rally Shows the Elon Musk Euphoria for Bold-Faced Fund

Published on December 13, 2024

From Wall Street funds to small-time day traders, those who dared to bet big on Elon Musk’s business empire are closing out the year with hefty payoffs, as Donald Trump’s US election win turbocharges the fortunes of the world’s richest man.

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Currencies Drop as China Disappointment Rattles Emerging Markets

December 13, 2024
Emerging-market currencies in Asia and the South African rand retreated as China’s policy makers appeared to disappoint investors expecting fiscal measures to boost the economic outlook.

Fed to Cut Once More Before Slowing Pace in 2025, Economists Say

December 13, 2024
Federal Reserve officials will lower interest rates this month for a third straight time and pare back the number of rate cuts they anticipate next year, according to economists surveyed by Bloomberg News.