Markets
- 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.
- 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.
- Shares in Wegovy-maker Novo Nordisk pop 6% after GLP-1 pill approval - The FDA on Monday approved the first-ever GLP-1 pill from the Danish pharmaceutical giant.
- 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.
- Gold and silver prices soar to new highs as the yellow metal reemerges as a hedge - It comes as fiscal deficits and the race for the next chair of the Federal Reserve weighs on investors' minds.
- Asia-Pacific markets poised for gains ahead of China's key lending rate decision - Asia-Pacific markets were set to climb Monday as investors look toward benchmark lending rate decisions coming out of China later in the day.
- Why the chocolate in your holiday candy could be ‘fake’ this year - Unpredictable cocoa markets have prompted some candy makers to rethink how they're sourcing chocolate.