Reuters Financial News

By Svea Herbst-Bayliss and Samrhitha A

Bitcoin rose 6% on Tuesday to $35,100 (€33,100), its highest in nearly a year-and-a-half, on mounting speculation that an exchange-traded bitcoin fund is imminent.

JERUSALEM (Reuters) — The Bank of Israel kept short-term borrowing rates unchanged for a fourth straight decision as expected on Monday, as policymakers remained focus on maintaining financial stability worried during Israel's war against Hamas.

Wyndham Hotels & Resorts, Inc. (NYSE:WH) rose modestly in early trading Monday (+0.5%) following reports from Reuters that rival Choice Hotels (NYSE:CHH) is preparing to nominate a slate of directors to the board after its recent takeover overtures were thwarted.

Deutsche Bank strategists anticipate that the S&P 500 will surge to a record 5,100 by the end of the next year.

Investing.com -- Retailers are expected to unveil deep Cyber Monday sales in a bid to persuade inflation-squeezed American consumers to open up their wallets ahead of the holidays. Meanwhile, markets will be monitoring shoppers' behavior as they try to parse out the Federal Reserve's future interest rate path. Elsewhere, Elon Musk is due to meet with Israel's president, while U.S. President Joe Biden will reportedly skip the upcoming COP28 climate conference.

By Paul Carsten

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Tron. Quicker and cheaper than its larger rival Bitcoin, Tron has overtaken its rival as a platform for crypto transfers associated with groups designated as terror organisations by Israel, the United States and other countries, according to interviews with seven financial crime experts and blockchain investigations specialists.

Israel's fight against the funding of Iran-backed militant groups from Hamas to Hezbollah: A fast-growing crypto network called Tron. Quicker and cheaper than its larger rival Bitcoin, Tron has overtaken its rival as a platform for crypto transfers associated with groups designated as terror organizations by Israel, the United States and other countries, according to interviews with seven financial crime experts and blockchain investigations specialists.

Elon Musk landed in Tel Aviv on Monday, beginning a visit during which Israeli leaders plan to bring his attention to the plight of hostages held in war-torn Gaza and discuss rising antisemitism online, Reuters reported. Israeli President Isaac Herzog's office on Sunday announced that Musk would be coming to meet the head of state.

Joe Biden will not attend a gathering of world leaders focused on climate change in Dubai this week, a U.S. official said on Sunday.

Joe Biden said he hoped the temporary truce between Israel and Hamas can go on as long as hostages are being released, after the militant group freed 17 more people, including a 4-year-old Israeli-American girl. Hamas said it wanted to extend the pause in fighting, which will enter its fourth day and final agreed day on Monday, if serious efforts were made to increase the number of Palestinian detainees released by Israel. Thirty-nine teenage Palestinian prisoners were released by Israel on Sunday, taking the total since the truce began to 117. Hamas said it had handed over 13 Israelis, three Thais and one with Russian citizenship, and the International Committee of the Red Cross confirmed it had successfully transferred them from Gaza on Sunday. Biden said the 4-year-old hostage, Abigail Edan, had witnessed her parents being killed by Hamas fighters during their Oct. 7 rampage into Israel and had been held since then. «What she endured is unthinkable,» Biden said at a news conference in the U.S. Abigail was on her way to the hospital for checks, Israel's Channel 13 said.

how to keep artificial intelligence safe from rogue actors, pushing for companies to create AI systems that are "secure by design." In a 20-page document unveiled Sunday, the 18 countries agreed that companies designing and using AI need to develop and deploy it in a way that keeps customers and the wider public safe from misuse. The agreement is non-binding and carries mostly general recommendations such as monitoring AI systems for abuse, protecting data from tampering and vetting software suppliers.

TikTok maker ByteDance is set to internally announce on Monday the winding down of its Nuverse gaming brand and full retreat from mainstream video games, four people familiar with the matter told Reuters. The Chinese technology firm has no plan to return to the $185 billion global video games market, said the people, who declined to be identified as the information is not public.

Hamas released 17 hostages in Gaza, including a 4-year-old American girl, as part of a truce with Israel as Israel freed 39 Palestinian prisoners on the third day of the ceasefire. As reported by Reuters, the International Committee of the Red Cross facilitated the successful transfer of the hostages, consisting of 13 Israelis, three Thais, and one individual with Russian citizenship, according to Hamas. According to the Palestinian news agency WAFA, the release of the hostages - part of a larger group captured when Hamas fighters rampaged through southern Israel on Oct.

Israeli hostages were released on November 24, followed by 13 more on November 25. Tel Aviv has also released 78 Palestinian prisoners so far. A fourth exchange is expected on Monday - the last day of the four-day cease-fire between the enemies.

Elon Musk, who is also accused by civil rights groups of amplifying anti-Jewish hatred on his X (formerly Twitter), will meet Israeli President Isaac Herzog and Israelis whose relatives have been held by Hamas in Gaza today, Monday, November 27. During the meeting, the Israeli President will emphasize the need to act to combat rising antisemitism online, Herzog's office announced on Sunday night, Reuters reported. The tech entrepreneur did not respond to requests for comment through spokespeople for Tesla and X, formerly known as Twitter.

By Umaru Fofana

By Saurabh Sharma

By Emma Farge