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Bitcoin extended its decline for another day, falling over 2% to $94,357 on Thursday after strong US economic data suggested a robust economy, reinforcing the case for fewer rate cuts from the Federal Reserve. Recent data showed that US services sector activity accelerated in December, and job openings increased in November. This resilience in the American economy signals fewer rate cuts from the Fed in 2025.

Constellation is buying power natural gas and geothermal power provider Calpine in a cash-and-stock deal valued at approximately $16.4 billion, joining together two of the country’s biggest power companies

Federal Reserve following a robust jobs report. The benchmark index fell 1.9% to 2197.7 points, down more than 10% from its all-time closing high of 2442.74 points hit in November 2021.

Brent crude futures gained $3.50, or 4.6%, to $80.42 a barrel by 1422 GMT, reaching $80 a barrel for the first time since Oct.7. U.S. West Texas Intermediate crude futures advanced $3.57, or 4.8%, to $77.49.

At the launch event on Thursday (9 January) attended by Investment Week, chair Helena Morrissey revealed the third iteration of the programme will also see the first cohort training to become traders. Ten members of the 2025 cohort will be aided by four senior traders in the City to help with the training and curriculum. Diversity Project launches third Pathway Programme with track for traders Around 240 women have taken part in the programme since its inception when including the current cohort, Morrissey noted, with 60 in 2023 and 80 in 2024. Speaking to IW, Morrissey pointed ...

In the fifteenth annual letter to his clients, Terry Smith, the manager of the £22.7bn Fundsmith Equity strategy, said the fund disposed of its holdings in Diageo, «which we had owned since inception». This came following «problems with [Diageo's] new management, shown by a lack of information about its Latin American business», Smith said, which resulted in poorer performance compared to the sector in this area. Fundsmith's profit decline forces Terry Smith to take second pay cut «Moreover, we suspect the entire drinks sector is in the early stages of being impacted negatively by ...

Chancellor Rachel Reeves was criticised for being «missing in action» as she flew to Beijing for meetings with Chinese government officials and businesses on Thursday (9 January), leaving Treasury secretary Darren Jones to face questions in parliament over surging borrowing costs and demands for spending cuts. Analysts split over Reeves' culpability in UK gilt chaos as US bonds follow suit Jones defended his boss to the Commons and told the House she would not break her promise to borrow money only for investment, or to cover day-to-day spending. Long-term yields on UK government d...

Gary Hall Jr. claims that fires in California destroyed everything he owned, including his ten medals. Gary Hall Jr., a former American Olympic swimmer, described the apocalyptic destruction and his own losses caused by the devastating wildfires that are still destroying Los Angeles. With the exception of a few personal belongings he hastily packed before leaving, the 50-year-old athlete told the Sydney Morning Herald that the consuming fires destroyed his rented home in the Pacific Palisades, his ten Olympic medals, the swimming pool where he taught his kids to swim, and most of his possessions, as quoted in a report by The Independent. ALSO READ Lost Angeles! Pacific Palisades totally devasted; these A-list celebrities' homes have burned to the ground

The Labor Department reported Friday that job growth was up last month from 212,000 in November. The unemployment rate dropped to 4.1% from 4.2% in November.

Henley Passport Index of the year 2025 has crowned Singapore as the most powerful passport of the world while granting its citizens visa free access to 195 out of 227 global destinations, reported CNBC Travel. This achievement actually marks a pretty significant milestone in global mobility while demonstrating the diplomatic and international standing of Singapore. According to CNBC Travel, Japan actually closely follows in second place with 193 visa free destinations while Finland, France, Germany, Italy, South Korea and Spain share third place together whereas each country is offering access to 192 destinations. The rankings actually highlight the continued dominance of Asian and European nations in international travel freedom. The United Arab Emirates emerged as a notable climber while rising 32 places to enter the top 10 with access to 185 destinations, asserted CNBC Travel. At the same time, on the other hand, the US eventually experienced a significant decline while dropping seven places to ninth position.

StoneX chief market strategist Kathryn Rooney Vera discusses the importance of cutting federal spending on Making Money.

Donald Trump is scheduled to take charge as the President of United States of America on January 22 and will announce a slew of policy-related decisions. However, the US is likely to witness a slow GDP growth in 2025. The world economy resisted battering by conflicts and inflation last year and is expected to grow a subdued 2.8 per cent in 2025, the United Nations said Thursday. In «World Economic Situation and Prospects 2025,» UN economists wrote that their positive prediction was driven by the strong although slowing growth forecast for China and the United States and by the robust performances anticipated for India and Indonesia. The European Union, Japan, and United Kingdom are expected to experience modest recovery, the report says. The report says the US economy outperformed expectations last year thanks to consumer and public-sector spending, but growth is expected to slow from 2.8% to 1.9 per cent this year.

Trump Inauguration 2025: Donald Trump's inauguration as the 47th President of the United States is scheduled for January 20, 2025. As the nation anticipates this significant event, attention turns to the lineup of performers who will grace the ceremony. While official announcements are pending, several artists are speculated to participate, drawing from past affiliations and performances.

capital on Friday as rupee hit record low amid consistent buying from retailers and stockists, according to the All India Sarafa Association. The precious metal ended the previous session at Rs 80,300 per 10 grams. However, silver traded flat at Rs 93,000 per kg on Friday.

UN rights chief insisted Friday that regulating hate speech and harmful content online «is not censorship», days after Meta scrapped its fact-checking programme on Facebook and Instagram citing censorship concerns. «Allowing hate speech and harmful content online has real-world consequences. Regulating such content is not censorship,» Volker Turk said on X. «My Office calls for accountability and governance in the digital space, in line with human rights.»

This immense financial and emotional investment underscores the importance of strategic preparation for college admissions. With over 13 lakh Indian students pursuing higher studies abroad in 2024, as reported by the Ministry of External Affairs, the competition for spots at top universities is fierce. The U.S. remains a top destination, with 69% of Indian students selecting it, according to the Oxford International Student Global Mobility Index. The Open Doors Report 2024 further highlights that Indian students now form the largest group of international students in the United States. However, for many parents, the journey to international education is filled with questions: How can my child stand out in such a competitive landscape? Are there resources available to reduce the financial burden? How can I support my child in preparing for the rigorous demands of higher education? Programs like the SAT and Advanced Placement (AP) offer parents and students a pathway to address these challenges, helping them navigate the complex admissions process with confidence.

Interstellar" in cinemas and IMAX across the country to celebrate the 10th anniversary of the 2014 sci-fi film. The film will release in theatres on February 7. Nolan is known for his lavishly-mounted stories such as «The Dark Knight» trilogy, «The Prestige», «Inception», «Dunkirk» and «Oppenheimer». The film, starring Matthew McConaughey, Anne Hathaway, Jessica Chastain, Bill Irwin, Ellen Burstyn, Matt Damon and Michael Caine, revolves around a team of space explorers who travel beyond the galaxy to discover whether mankind has a future among the stars.

Market Expert Ruchir Sharma says that the stock market's momentum looks likely to sputter in 2025 and that it could falter as investors grow wary of the US's mounting debt problems. The Rockefeller International chairman said he believed the US stock market could soon underperform global peers, breaking a long-running trend of US outperformance, he wrote in an op-ed article for the Financial Times. Over the next year the top stocks in the US could underperform the global market by about 10% — reflecting a much worse performance than in 2024, when the top US stocks outperformed the market by about 20%, Sharma estimated.

Subscribe to enjoy similar stories. The Los Angeles wildfires are set to be the costliest blaze in U.S. history, analysts said Thursday, as the first initial estimates of damage from the infernos soared with their unchecked spread.

Joe Biden prepares to leave office, Americans have a dimmer view of his presidency than they did at the end of Donald Trump's first term or Barack Obama's second, a new poll finds. Around one-quarter of U.S. adults said Biden was a «good» or «great» president, with less than 1 in 10 saying he was «great,» according to the survey from The Associated Press-NORC Center for Public Affairs Research. It's a stark illustration of how tarnished Biden's legacy has become, with many members of his own party seeing his Democratic presidency as merely mediocre. About one-third described Trump as «good» or «great» on the eve of the Republican's departure from the White House in 2021, according to AP-NORC polling, including about 2 in 10 who said he was «great» — even after he helped sparked a deadly insurrection that saw a mob of his supporters overrun the U.S. Capitol. Americans were similarly likely to describe both Biden and Trump as «poor» or «terrible» — about half said this characterized each president's time in office — but about 3 in 10 said Biden was «average,» while less than 2 in 10 said this about Trump.