As Bitcoin’s value continues to soar, luxury brands are seizing the opportunity to tap into this new pool of wealth. 
 
French luxury department store Printemps has partnered with the world’s largest crypto exchange, Binance, and financial tech company Lyzi to accept Bitcoin and Ethereum in its stores. 
 
This makes Printemps the first European department store to accept cryptocurrency payments.

With other luxury retailers like Gucci and Balenciaga already offering crypto payment options, the trend is gaining momentum, especially as more brands show interest in joining the movement. 
 
The luxury industry’s embrace of cryptocurrency is driven by the desire to innovate and appeal to a younger, tech-savvy clientele. 
 
Brands are expanding their payment options, allowing crypto payments in select stores. 
 
In fact, Gucci has been accepting Bitcoin and other cryptocurrencies for its products in the US since 2022.

This shift comes as high volatility and regulatory concerns around cryptocurrencies persist, but the growing support from figures like US President-elect Donald Trump is offering optimism for more stable e-currency regulation. 
 
Luxury goods like designer handbags and high-end watches are becoming attractive investment options for crypto investors. 
 
While cryptocurrency payments remain largely symbolic for many retailers, they serve as a branding tool for companies eager to position themselves as innovative. 
 
With younger and wealthier customers looking for ways to diversify their portfolios, Bitcoin has emerged as a viable method for purchasing luxury items. 
 
This signals a shift in both consumer behaviour and how brands are meeting the demands of a changing market.

(With inputs from the agencies)

As Bitcoin’s value continues to soar, luxury brands are seizing the opportunity to tap into this new pool of wealth. French luxury department store Printemps has partnered with the world’s largest crypto exchange, Binance, and financial tech company Lyzi to accept Bitcoin and Ethereum in its stores.

As Bitcoin’s value continues to soar, luxury brands are seizing the opportunity to tap into this new pool of wealth. French luxury department store Printemps has partnered with the world’s largest crypto exchange, Binance, and financial tech company Lyzi to accept Bitcoin and Ethereum in its stores. This makes Printemps the first European department store to accept cryptocurrency payments. With other luxury retailers like Gucci and Balenciaga already offering crypto payment options, the trend is gaining momentum, especially as more brands show interest in joining the movement. The luxury industry’s embrace of cryptocurrency is driven by the desire to innovate and appeal to a younger, tech-savvy clientele. Brands are expanding their payment options, allowing crypto payments in select stores. In fact, Gucci has been accepting Bitcoin and other cryptocurrencies for its products in the US since 2022. This shift comes as high volatility and regulatory concerns around cryptocurrencies persist, but the growing support from figures like US President-elect Donald Trump is offering optimism for more stable e-currency regulation. Luxury goods like designer handbags and high-end watches are becoming attractive investment options for crypto investors. While cryptocurrency payments remain largely symbolic for many retailers, they serve as a branding tool for companies eager to position themselves as innovative. With younger and wealthier customers looking for ways to diversify their portfolios, Bitcoin has emerged as a viable method for purchasing luxury items. This signals a shift in both consumer behaviour and how brands are meeting the demands of a changing market. (With inputs from the agencies)

Luxury brands embrace cryptocurrency payments as Bitcoin surges

The tech conflict between China and the United States is reaching a boiling point. This is leaving Bytedance with fewer and fewer choices for TikTok in the US.

The new reality, where more firms will be squeezed from both sides, is laid clear by mutual distrust and tit-for-tat hatred. 
 
As part of an investigation into a deal that Beijing authorised many years ago, Nvidia is now the focus of China's authorities. Washington strengthened chip sanctions on China this week. 
 
In response, Beijing stopped exports of certain minerals with tech uses to the US. This latest measure against Nvidia follows previous recent escalations. 
 
A key component of Ukraine's defence, drones are also being shut off from the US and Europe by China.

Last week, a federal appeals court in the United States upheld a statute that would have banned TikTok unless the company divested itself from its Chinese parent, Bytedance. 
 
That shows how supply chains are still linked. This makes Nvidia an intriguing new target for Beijing.

According to reports, Bytedance is apparently putting all of its eggs in the AI basket to find a growth engine to replace TikTok. This comes as Bytedance becomes Nvidia's biggest customer in China. 
 
To be relevant, Bytedance has expanded its focus beyond its short-form video platform. Now that the us drama has continued for years, the Chinese firm is in a hopeless situation.

Tech businesses with global ambitions will likely have to choose sides and stay in their lane now that the pandora's box is opened. The latest conflict sends a scary message to not become too big in the US. 
 
This comes at a time when other Chinese tech companies are seeking expansion overseas due to domestic spending cuts.

(With inputs from the agencies)

The tech conflict between China and the United States is reaching a boiling point. This is leaving Bytedance with fewer and fewer choices for TikTok in the US. The new reality, where more firms will be squeezed from both sides, is laid clear by mutual distrust and tit-for-tat hatred.

The tech conflict between China and the United States is reaching a boiling point. This is leaving Bytedance with fewer and fewer choices for TikTok in the US. The new reality, where more firms will be squeezed from both sides, is laid clear by mutual distrust and tit-for-tat hatred. As part of an investigation into a deal that Beijing authorised many years ago, Nvidia is now the focus of China's authorities. Washington strengthened chip sanctions on China this week. In response, Beijing stopped exports of certain minerals with tech uses to the US. This latest measure against Nvidia follows previous recent escalations. A key component of Ukraine's defence, drones are also being shut off from the US and Europe by China. Last week, a federal appeals court in the United States upheld a statute that would have banned TikTok unless the company divested itself from its Chinese parent, Bytedance. That shows how supply chains are still linked. This makes Nvidia an intriguing new target for Beijing. According to reports, Bytedance is apparently putting all of its eggs in the AI basket to find a growth engine to replace TikTok. This comes as Bytedance becomes Nvidia's biggest customer in China. To be relevant, Bytedance has expanded its focus beyond its short-form video platform. Now that the us drama has continued for years, the Chinese firm is in a hopeless situation. Tech businesses with global ambitions will likely have to choose sides and stay in their lane now that the pandora's box is opened. The latest conflict sends a scary message to not become too big in the US. This comes at a time when other Chinese tech companies are seeking expansion overseas due to domestic spending cuts. (With inputs from the agencies)

From TikTok to Nvidia, the US-China tech war is getting uglier

After a third consecutive interest rate cut, Federal Reserve officials brought inflation worries back to the forefront as 2024 came to a close. The Fed did what markets expected Wednesday. But that didn't stop investors from dumping risk assets in droves.

Chair Jerome Powell bluntly said the Fed's inflation forecast for the remainder of the year has "kind of fallen apart." After nearly four years of failure, officials now anticipate that inflation will take far longer to attain their 2 per cent objective.

Powell said that any changes would depend on continued success in reducing price rises, and thus, they lowered their expectations for rate decreases next year. After viewing a weakening labour market as the bigger threat in September, policymakers have shifted their stance to place a higher emphasis on inflation.

However, new data and Trump's policies have rekindled worries that inflation will remain stubbornly high, beyond the central bank's 2 per cent target. Policymakers now only expect two rate cuts next year, which is half the number of reductions predicted in September.

Jerome Powell, the US Federal Reserve chair, said and I quote, "So I would say today was a closer call. But we decided it was the right call because we thought it was the best decision to foster achievement of both of our goals, maximum employment and price stability. We see the risks as two-sided, moving too slowly and needlessly undermine economic activity in the labour market, or move too quickly and needlessly undermine our progress on inflation. So, we're trying to steer between those two risks, and on balance, we decided to go ahead with a further cut. And I'll give you some details on why. Downside risks to the labour market do appear to have diminished, but the labour market is now looser than pre-pandemic, and it's clearly still cooling further so far in a gradual and orderly way. We don't think we need further cooling in the labour market to get inflation down to 2 per cent."

The market's reaction to the Fed's revised forecast was rapid and severe.

The US dollar surged to its best level in over two years while Wall Street stocks and the US Treasury fell. Despite being marginally higher before the announcement, the S&amp;P 500 index had its worst "Fed day" since March 2020, plunging 3 per cent.

Fed's hawkish bias jolted Asian markets, with regional stocks and currencies tumbling. South Korea's won fell to its weakest level since the financial crisis. The ringgit hit its weakest level against the dollar since August, while the Thai baht also fell.

Speculative assets, including bitcoin, retreated, and the price fell below 100,000 dollars. The digital asset fell about 1 per cent to 99,800 dollars. That followed a 5.1 per cent drop on Wednesday, the biggest retreat since September.&nbsp;

(With inputs from the agencies)

After a third consecutive interest rate cut, Federal Reserve officials brought inflation worries back to the forefront as 2024 came to a close. The Fed did what markets expected Wednesday.

After a third consecutive interest rate cut, Federal Reserve officials brought inflation worries back to the forefront as 2024 came to a close. The Fed did what markets expected Wednesday. But that didn't stop investors from dumping risk assets in droves. Chair Jerome Powell bluntly said the Fed's inflation forecast for the remainder of the year has "kind of fallen apart." After nearly four years of failure, officials now anticipate that inflation will take far longer to attain their 2 per cent objective. Powell said that any changes would depend on continued success in reducing price rises, and thus, they lowered their expectations for rate decreases next year. After viewing a weakening labour market as the bigger threat in September, policymakers have shifted their stance to place a higher emphasis on inflation. However, new data and Trump's policies have rekindled worries that inflation will remain stubbornly high, beyond the central bank's 2 per cent target. Policymakers now only expect two rate cuts next year, which is half the number of reductions predicted in September. Jerome Powell, the US Federal Reserve chair, said and I quote, "So I would say today was a closer call. But we decided it was the right call because we thought it was the best decision to foster achievement of both of our goals, maximum employment and price stability. We see the risks as two-sided, moving too slowly and needlessly undermine economic activity in the labour market, or move too quickly and needlessly undermine our progress on inflation. So, we're trying to steer between those two risks, and on balance, we decided to go ahead with a further cut. And I'll give you some details on why. Downside risks to the labour market do appear to have diminished, but the labour market is now looser than pre-pandemic, and it's clearly still cooling further so far in a gradual and orderly way. We don't think we need further cooling in the labour market to get inflation down to 2 per cent." The market's reaction to the Fed's revised forecast was rapid and severe. The US dollar surged to its best level in over two years while Wall Street stocks and the US Treasury fell. Despite being marginally higher before the announcement, the S&P 500 index had its worst "Fed day" since March 2020, plunging 3 per cent. Fed's hawkish bias jolted Asian markets, with regional stocks and currencies tumbling. South Korea's won fell to its weakest level since the financial crisis. The ringgit hit its weakest level against the dollar since August, while the Thai baht also fell. Speculative assets, including bitcoin, retreated, and the price fell below 100,000 dollars. The digital asset fell about 1 per cent to 99,800 dollars. That followed a 5.1 per cent drop on Wednesday, the biggest retreat since September. (With inputs from the agencies)

Fed's rate cut sparks inflation concerns, market selloff

New Delhi
After a third consecutive interest rate cut, Federal Reserve officials brought inflation worries back to the forefront as 2024 came to a close. The Fed did what markets expected Wednesday. But that didn't stop investors from dumping risk assets in droves.
Chair Jerome Powell bluntly said the Fed's inflation forecast for the remainder of the year has "kind of fallen apart." After nearly four years of failure, officials now anticipate that inflation will take far longer to attain their 2 per cent objective.
Powell said that any changes would depend on continued success in reducing price rises, and thus, they lowered their expectations for rate decreases next year. After viewing a weakening labour market as the bigger threat in September, policymakers have shifted their stance to place a higher emphasis on inflation.
However, new data and Trump's policies have rekindled worries that inflation will remain stubbornly high, beyond the central bank's 2 per cent target. Policymakers now only expect two rate cuts next year, which is half the number of reductions predicted in September.
Jerome Powell, the US Federal Reserve chair, said and I quote, "So I would say today was a closer call. But we decided it was the right call because we thought it was the best decision to foster achievement of both of our goals, maximum employment and price stability. We see the risks as two-sided, moving too slowly and needlessly undermine economic activity in the labour market, or move too quickly and needlessly undermine our progress on inflation. So, we're trying to steer between those two risks, and on balance, we decided to go ahead with a further cut. And I'll give you some details on why. Downside risks to the labour market do appear to have diminished, but the labour market is now looser than pre-pandemic, and it's clearly still cooling further so far in a gradual and orderly way. We don't think we need further cooling in the labour market to get inflation down to 2 per cent."
The market's reaction to the Fed's revised forecast was rapid and severe.
The US dollar surged to its best level in over two years while Wall Street stocks and the US Treasury fell. Despite being marginally higher before the announcement, the S&amp;P 500 index had its worst "Fed day" since March 2020, plunging 3 per cent.
Fed's hawkish bias jolted Asian markets, with regional stocks and currencies tumbling. South Korea's won fell to its weakest level since the financial crisis. The ringgit hit its weakest level against the dollar since August, while the Thai baht also fell.
Speculative assets, including bitcoin, retreated, and the price fell below 100,000 dollars. The digital asset fell about 1 per cent to 99,800 dollars. That followed a 5.1 per cent drop on Wednesday, the biggest retreat since September. 
(With inputs from the agencies)

Chair Jerome Powell bluntly said the Fed's inflation forecast for the remainder of the year has "kind of fallen apart." After nearly four years of failure, officials now anticipate that inflation will take far longer to attain their 2 per cent objective.



New Delhi After a third consecutive interest rate cut, Federal Reserve officials brought inflation worries back to the forefront as 2024 came to a close. The Fed did what markets expected Wednesday. But that didn't stop investors from dumping risk assets in droves. Chair Jerome Powell bluntly said the Fed's inflation forecast for the remainder of the year has "kind of fallen apart." After nearly four years of failure, officials now anticipate that inflation will take far longer to attain their 2 per cent objective. Powell said that any changes would depend on continued success in reducing price rises, and thus, they lowered their expectations for rate decreases next year. After viewing a weakening labour market as the bigger threat in September, policymakers have shifted their stance to place a higher emphasis on inflation. However, new data and Trump's policies have rekindled worries that inflation will remain stubbornly high, beyond the central bank's 2 per cent target. Policymakers now only expect two rate cuts next year, which is half the number of reductions predicted in September. Jerome Powell, the US Federal Reserve chair, said and I quote, "So I would say today was a closer call. But we decided it was the right call because we thought it was the best decision to foster achievement of both of our goals, maximum employment and price stability. We see the risks as two-sided, moving too slowly and needlessly undermine economic activity in the labour market, or move too quickly and needlessly undermine our progress on inflation. So, we're trying to steer between those two risks, and on balance, we decided to go ahead with a further cut. And I'll give you some details on why. Downside risks to the labour market do appear to have diminished, but the labour market is now looser than pre-pandemic, and it's clearly still cooling further so far in a gradual and orderly way. We don't think we need further cooling in the labour market to get inflation down to 2 per cent." The market's reaction to the Fed's revised forecast was rapid and severe. The US dollar surged to its best level in over two years while Wall Street stocks and the US Treasury fell. Despite being marginally higher before the announcement, the S&P 500 index had its worst "Fed day" since March 2020, plunging 3 per cent. Fed's hawkish bias jolted Asian markets, with regional stocks and currencies tumbling. South Korea's won fell to its weakest level since the financial crisis. The ringgit hit its weakest level against the dollar since August, while the Thai baht also fell. Speculative assets, including bitcoin, retreated, and the price fell below 100,000 dollars. The digital asset fell about 1 per cent to 99,800 dollars. That followed a 5.1 per cent drop on Wednesday, the biggest retreat since September. (With inputs from the agencies)

The developing world is bracing for a tumultuous 2025. Emerging market nations have to deal with the added stress of paying interest on the 29 trillion dollars in debt that was accumulated over the past decade.

The United Nations reports that a record &nbsp;54 nations will pay interest that exceeds 10 per cent of their earnings. Some countries, like Nigeria and Pakistan, will pay more than 30 per cent of their revenues on coupon payments alone.

As a result, nations are cutting down on internal investments like roads, schools, and hospitals. This increased risks for investors in developing markets, totalling around 850 billion dollars in debt last year.

Roberto Sifon-Arevalo, global head of sovereign ratings at S&amp;P Global Ratings said, "Interest burdens are massive. There's a lot of muddle through, but there's a tremendous amount of risk."

The debt risk is something developing markets have to worry about in 2025.

In addition, uncertainty about the Chinese economy, rising geopolitical tensions, and the effects of Donald Trump on US Rates and dollar forecasts all point to a rocky 2025.

Morgan Stanley's data shows that global investors are already pulling their money out of hard-currency em debt, with outflows exceeding 14 billion dollars this year.

Emerging-market debt over the previous decade has more than doubled to about 29 billion dollars.

As a result, they have large interest payments and bond maturities that must be met or refinanced. In the next two years, approximately 190 billion dollars in foreign bond obligations are due.

Em debt investors were hit hard by a string of defaults during the pandemic. The prospect of an additional wave of failures.

(With inputs from the agencies)

The developing world is bracing for a tumultuous 2025. Emerging market nations have to deal with the added stress of paying interest on the 29 trillion dollars in debt that was accumulated over the past decade.

The developing world is bracing for a tumultuous 2025. Emerging market nations have to deal with the added stress of paying interest on the 29 trillion dollars in debt that was accumulated over the past decade. The United Nations reports that a record 54 nations will pay interest that exceeds 10 per cent of their earnings. Some countries, like Nigeria and Pakistan, will pay more than 30 per cent of their revenues on coupon payments alone. As a result, nations are cutting down on internal investments like roads, schools, and hospitals. This increased risks for investors in developing markets, totalling around 850 billion dollars in debt last year. Roberto Sifon-Arevalo, global head of sovereign ratings at S&P Global Ratings said, "Interest burdens are massive. There's a lot of muddle through, but there's a tremendous amount of risk." The debt risk is something developing markets have to worry about in 2025. In addition, uncertainty about the Chinese economy, rising geopolitical tensions, and the effects of Donald Trump on US Rates and dollar forecasts all point to a rocky 2025. Morgan Stanley's data shows that global investors are already pulling their money out of hard-currency em debt, with outflows exceeding 14 billion dollars this year. Emerging-market debt over the previous decade has more than doubled to about 29 billion dollars. As a result, they have large interest payments and bond maturities that must be met or refinanced. In the next two years, approximately 190 billion dollars in foreign bond obligations are due. Em debt investors were hit hard by a string of defaults during the pandemic. The prospect of an additional wave of failures. (With inputs from the agencies)

Emerging markets face debt crisis amid rising risks in 2025

New Delhi
The developing world is bracing for a tumultuous 2025. Emerging market nations have to deal with the added stress of paying interest on the 29 trillion dollars in debt that was accumulated over the past decade.
The United Nations reports that a record  54 nations will pay interest that exceeds 10 per cent of their earnings. Some countries, like Nigeria and Pakistan, will pay more than 30 per cent of their revenues on coupon payments alone.
As a result, nations are cutting down on internal investments like roads, schools, and hospitals. This increased risks for investors in developing markets, totalling around 850 billion dollars in debt last year.
Roberto Sifon-Arevalo, global head of sovereign ratings at S&amp;P Global Ratings said, "Interest burdens are massive. There's a lot of muddle through, but there's a tremendous amount of risk."
The debt risk is something developing markets have to worry about in 2025.
In addition, uncertainty about the Chinese economy, rising geopolitical tensions, and the effects of Donald Trump on US Rates and dollar forecasts all point to a rocky 2025.
Morgan Stanley's data shows that global investors are already pulling their money out of hard-currency em debt, with outflows exceeding 14 billion dollars this year.
Emerging-market debt over the previous decade has more than doubled to about 29 billion dollars.
As a result, they have large interest payments and bond maturities that must be met or refinanced. In the next two years, approximately 190 billion dollars in foreign bond obligations are due.
Em debt investors were hit hard by a string of defaults during the pandemic. The prospect of an additional wave of failures.
(With inputs from the agencies)

The developing world is bracing for a tumultuous 2025. Emerging market nations have to deal with the added stress of paying interest on the 29 trillion dollars in debt that was accumulated over the past decade.



New Delhi The developing world is bracing for a tumultuous 2025. Emerging market nations have to deal with the added stress of paying interest on the 29 trillion dollars in debt that was accumulated over the past decade. The United Nations reports that a record 54 nations will pay interest that exceeds 10 per cent of their earnings. Some countries, like Nigeria and Pakistan, will pay more than 30 per cent of their revenues on coupon payments alone. As a result, nations are cutting down on internal investments like roads, schools, and hospitals. This increased risks for investors in developing markets, totalling around 850 billion dollars in debt last year. Roberto Sifon-Arevalo, global head of sovereign ratings at S&P Global Ratings said, "Interest burdens are massive. There's a lot of muddle through, but there's a tremendous amount of risk." The debt risk is something developing markets have to worry about in 2025. In addition, uncertainty about the Chinese economy, rising geopolitical tensions, and the effects of Donald Trump on US Rates and dollar forecasts all point to a rocky 2025. Morgan Stanley's data shows that global investors are already pulling their money out of hard-currency em debt, with outflows exceeding 14 billion dollars this year. Emerging-market debt over the previous decade has more than doubled to about 29 billion dollars. As a result, they have large interest payments and bond maturities that must be met or refinanced. In the next two years, approximately 190 billion dollars in foreign bond obligations are due. Em debt investors were hit hard by a string of defaults during the pandemic. The prospect of an additional wave of failures. (With inputs from the agencies)

Boeing stock took a nosedive in what was meant to be a recovery year. And if Wall Street is correct, the plane maker's shares may only have a tiny rebound in 2025.

This year, Boeing marked the worst stock-market plunge since the financial crisis in 2008.

With a 35 per cent year-to-date fall, the stock is one of the 20 worst performers in the S&amp;P 500 index.

Even if the stock has levelled out over the previous month, investors are still on the sidelines. Their faith in Boeing's future is shaken by a series of issues in 2024.

Investors fear it will suffer further damage if trade tensions escalate under Trump's administration.

As 2024 rolled in, the airline appeared to be recovering from the devastating effects of the pandemic's impact on international travel, as well as two plane tragedies in 2018 and 2019.

Shares were at their best point in over two years, jet orders were soaring, and Boeing had made significant progress towards mending its icy relations with China.

Wall Street was exceedingly bullish on the stock.

Events began to deteriorate in January when a door plug on a Boeing aircraft detached mid-flight during an Alaska air journey.

A public outcry ensued, resulting in a rigorous examination of Boeing's corporate practices and culture. A management restructuring culminated in the departure of the chief executive officer.

Grave allegations from whistle-blowers, a crippling labour strike, and substantial cash depletion weighed. The company now anticipates risks will persist into 2025.

(With inputs from the agencies)

Boeing stock took a nosedive in what was meant to be a recovery year. And if Wall Street is correct, the plane maker's shares may only have a tiny rebound in 2025.

Boeing stock took a nosedive in what was meant to be a recovery year. And if Wall Street is correct, the plane maker's shares may only have a tiny rebound in 2025. This year, Boeing marked the worst stock-market plunge since the financial crisis in 2008. With a 35 per cent year-to-date fall, the stock is one of the 20 worst performers in the S&P 500 index. Even if the stock has levelled out over the previous month, investors are still on the sidelines. Their faith in Boeing's future is shaken by a series of issues in 2024. Investors fear it will suffer further damage if trade tensions escalate under Trump's administration. As 2024 rolled in, the airline appeared to be recovering from the devastating effects of the pandemic's impact on international travel, as well as two plane tragedies in 2018 and 2019. Shares were at their best point in over two years, jet orders were soaring, and Boeing had made significant progress towards mending its icy relations with China. Wall Street was exceedingly bullish on the stock. Events began to deteriorate in January when a door plug on a Boeing aircraft detached mid-flight during an Alaska air journey. A public outcry ensued, resulting in a rigorous examination of Boeing's corporate practices and culture. A management restructuring culminated in the departure of the chief executive officer. Grave allegations from whistle-blowers, a crippling labour strike, and substantial cash depletion weighed. The company now anticipates risks will persist into 2025. (With inputs from the agencies)

Boeing stock plunges, outlook bleak for 2025

New Delhi
Boeing stock took a nosedive in what was meant to be a recovery year. And if Wall Street is correct, the plane maker's shares may only have a tiny rebound in 2025.
This year, Boeing marked the worst stock-market plunge since the financial crisis in 2008.
With a 35 per cent year-to-date fall, the stock is one of the 20 worst performers in the S&amp;P 500 index.
Even if the stock has levelled out over the previous month, investors are still on the sidelines. Their faith in Boeing's future is shaken by a series of issues in 2024.
Investors fear it will suffer further damage if trade tensions escalate under Trump's administration.
As 2024 rolled in, the airline appeared to be recovering from the devastating effects of the pandemic's impact on international travel, as well as two plane tragedies in 2018 and 2019.
Shares were at their best point in over two years, jet orders were soaring, and Boeing had made significant progress towards mending its icy relations with China.
Wall Street was exceedingly bullish on the stock.
Events began to deteriorate in January when a door plug on a Boeing aircraft detached mid-flight during an Alaska air journey.
A public outcry ensued, resulting in a rigorous examination of Boeing's corporate practices and culture. A management restructuring culminated in the departure of the chief executive officer.
Grave allegations from whistle-blowers, a crippling labour strike, and substantial cash depletion weighed. The company now anticipates risks will persist into 2025.
(With inputs from the agencies)

Boeing stock took a nosedive in what was meant to be a recovery year. And if Wall Street is correct, the plane maker's shares may only have a tiny rebound in 2025.



New Delhi Boeing stock took a nosedive in what was meant to be a recovery year. And if Wall Street is correct, the plane maker's shares may only have a tiny rebound in 2025. This year, Boeing marked the worst stock-market plunge since the financial crisis in 2008. With a 35 per cent year-to-date fall, the stock is one of the 20 worst performers in the S&P 500 index. Even if the stock has levelled out over the previous month, investors are still on the sidelines. Their faith in Boeing's future is shaken by a series of issues in 2024. Investors fear it will suffer further damage if trade tensions escalate under Trump's administration. As 2024 rolled in, the airline appeared to be recovering from the devastating effects of the pandemic's impact on international travel, as well as two plane tragedies in 2018 and 2019. Shares were at their best point in over two years, jet orders were soaring, and Boeing had made significant progress towards mending its icy relations with China. Wall Street was exceedingly bullish on the stock. Events began to deteriorate in January when a door plug on a Boeing aircraft detached mid-flight during an Alaska air journey. A public outcry ensued, resulting in a rigorous examination of Boeing's corporate practices and culture. A management restructuring culminated in the departure of the chief executive officer. Grave allegations from whistle-blowers, a crippling labour strike, and substantial cash depletion weighed. The company now anticipates risks will persist into 2025. (With inputs from the agencies)

Asian stock markets were volatile as investors eyed key rate decisions from major central banks in a 24-hour frenzy, including the Federal Reserve, this week.

A key Asian stock gauge moved in a narrow range.

Following Monday's disappointing retail sales report, mainland Chinese shares managed a little increase while Hong Kong's sank, this indicates a lack of market momentum.

These changes followed a successful trading session on Wall Street, during which the NASDAQ 100 rose over 1 per cent to set a fresh all-time high.

The dollar was largely unchanged.

The yen recovered marginally following six days of losses ahead of the Bank of Japan's decision this week. The currency has fallen sharply, reaching 155 per dollar.

Oil prices levelled off following a dip, as disappointing economic data from China heightened worries about slowing demand in the world's largest oil importer.

Benchmark Brent crude traded below 74 dollars a barrel after slipping nearly one per cent in the previous session. Crude has been trading in a narrow range since mid-October.

The Fed and other major central banks are expected to announce interest rate decisions soon, so traders are being cautious.

This has kept gold steady. After a little increase on Monday, gold was trading at 2,650 dollars per ounce as investors analysed mixed US data.

(With inputs from the agencies)

Asian stock markets were volatile as investors eyed key rate decisions from major central banks in a 24-hour frenzy, including the Federal Reserve, this week. A key Asian stock gauge moved in a narrow range.

Asian stock markets were volatile as investors eyed key rate decisions from major central banks in a 24-hour frenzy, including the Federal Reserve, this week. A key Asian stock gauge moved in a narrow range. Following Monday's disappointing retail sales report, mainland Chinese shares managed a little increase while Hong Kong's sank, this indicates a lack of market momentum. These changes followed a successful trading session on Wall Street, during which the NASDAQ 100 rose over 1 per cent to set a fresh all-time high. The dollar was largely unchanged. The yen recovered marginally following six days of losses ahead of the Bank of Japan's decision this week. The currency has fallen sharply, reaching 155 per dollar. Oil prices levelled off following a dip, as disappointing economic data from China heightened worries about slowing demand in the world's largest oil importer. Benchmark Brent crude traded below 74 dollars a barrel after slipping nearly one per cent in the previous session. Crude has been trading in a narrow range since mid-October. The Fed and other major central banks are expected to announce interest rate decisions soon, so traders are being cautious. This has kept gold steady. After a little increase on Monday, gold was trading at 2,650 dollars per ounce as investors analysed mixed US data. (With inputs from the agencies)

Asian markets waver as investors await central bank rate decisions

New Delhi
Asian stock markets were volatile as investors eyed key rate decisions from major central banks in a 24-hour frenzy, including the Federal Reserve, this week.
A key Asian stock gauge moved in a narrow range.
Following Monday's disappointing retail sales report, mainland Chinese shares managed a little increase while Hong Kong's sank, this indicates a lack of market momentum.
These changes followed a successful trading session on Wall Street, during which the NASDAQ 100 rose over 1 per cent to set a fresh all-time high.
The dollar was largely unchanged.
The yen recovered marginally following six days of losses ahead of the Bank of Japan's decision this week. The currency has fallen sharply, reaching 155 per dollar.
Oil prices levelled off following a dip, as disappointing economic data from China heightened worries about slowing demand in the world's largest oil importer.
Benchmark Brent crude traded below 74 dollars a barrel after slipping nearly one per cent in the previous session. Crude has been trading in a narrow range since mid-October.
The Fed and other major central banks are expected to announce interest rate decisions soon, so traders are being cautious.
This has kept gold steady. After a little increase on Monday, gold was trading at 2,650 dollars per ounce as investors analysed mixed US data.
(With inputs from the agencies)

Asian stock markets were volatile as investors eyed key rate decisions from major central banks in a 24-hour frenzy, including the Federal Reserve, this week.



New Delhi Asian stock markets were volatile as investors eyed key rate decisions from major central banks in a 24-hour frenzy, including the Federal Reserve, this week. A key Asian stock gauge moved in a narrow range. Following Monday's disappointing retail sales report, mainland Chinese shares managed a little increase while Hong Kong's sank, this indicates a lack of market momentum. These changes followed a successful trading session on Wall Street, during which the NASDAQ 100 rose over 1 per cent to set a fresh all-time high. The dollar was largely unchanged. The yen recovered marginally following six days of losses ahead of the Bank of Japan's decision this week. The currency has fallen sharply, reaching 155 per dollar. Oil prices levelled off following a dip, as disappointing economic data from China heightened worries about slowing demand in the world's largest oil importer. Benchmark Brent crude traded below 74 dollars a barrel after slipping nearly one per cent in the previous session. Crude has been trading in a narrow range since mid-October. The Fed and other major central banks are expected to announce interest rate decisions soon, so traders are being cautious. This has kept gold steady. After a little increase on Monday, gold was trading at 2,650 dollars per ounce as investors analysed mixed US data. (With inputs from the agencies)

Bitcoin had surged to a historic high of more than $106,000 on Monday after US President-elect Donald Trump voiced a pro-cryptocurrency position. Since the election of the latter on November 5, the cryptocurrency price surged more than 50 per cent. 
 
According to analysts, it seems that $110,000 may be the next threshold for the digital asset. 
The global cryptocurrency market cap has nearly doubled in 2024, CoinGecko shows, to $3.8 trillion.&nbsp; 
 
Trump's suggestions on the creation of a Bitcoin strategic reserve in the US, similar to what it has for oil reserves, have helped this wave move forward.&nbsp; 
 
Speaking last week, Trump restated his intentions to increase the presence of Bitcoin as part of the economic agenda for his administration.&nbsp; 
 
His approach is in sharp contrast to the outgoing Federal Reserve Chair Jerome Powell, who recently called Bitcoin volatile and unsuitable for storing value while comparing it to gold.&nbsp; 
 
Trump's administration is already building the foundation for a crypto-friendly regulatory environment.&nbsp; 
The White House has appointed Silicon Valley entrepreneur David Sacks, a former PayPal executive and close associate of Elon Musk, as its AI and cryptocurrency advisor.&nbsp; 
 
Trump also intends to nominate Paul Atkins, a known crypto advocate, to lead the Securities and Exchange Commission (SEC).&nbsp; 
 
This comes after SEC Chairman Gary Gensler announced his resignation, effective January 20, which coincides with Trump's inauguration. 
 
The policies of the incoming administration have rejuvenated Bitcoin promoters and investors. MicroStrategy, the largest corporate holder of bitcoin-its valuation has gone all the way to $94 billion this year, after shares multiplied sixfold.&nbsp; 
 
Analysts believe that the institutional adoption of digital currencies by Trump's leadership could make it even more pronounced. 
 
But other nations, including Russia, are also exploring such alternatives to traditional reserves in a world where Bitcoin is growing in importance in the global financial ecosystem. 
 
Trump's crypto-friendly stance has revived debates on whether digital currencies should be part of the US economy, setting the stage for potentially transforming policies in 2025. 
 
(With inputs from the agencies)

Bitcoin had surged to a historic high of more than $106,000 on Monday after US President-elect Donald Trump voiced a pro-cryptocurrency position. Since the election of the latter on November 5, the cryptocurrency price surged more than 50 per cent.

Bitcoin had surged to a historic high of more than $106,000 on Monday after US President-elect Donald Trump voiced a pro-cryptocurrency position. Since the election of the latter on November 5, the cryptocurrency price surged more than 50 per cent. According to analysts, it seems that $110,000 may be the next threshold for the digital asset. The global cryptocurrency market cap has nearly doubled in 2024, CoinGecko shows, to $3.8 trillion. Trump's suggestions on the creation of a Bitcoin strategic reserve in the US, similar to what it has for oil reserves, have helped this wave move forward. Speaking last week, Trump restated his intentions to increase the presence of Bitcoin as part of the economic agenda for his administration. His approach is in sharp contrast to the outgoing Federal Reserve Chair Jerome Powell, who recently called Bitcoin volatile and unsuitable for storing value while comparing it to gold. Trump's administration is already building the foundation for a crypto-friendly regulatory environment. The White House has appointed Silicon Valley entrepreneur David Sacks, a former PayPal executive and close associate of Elon Musk, as its AI and cryptocurrency advisor. Trump also intends to nominate Paul Atkins, a known crypto advocate, to lead the Securities and Exchange Commission (SEC). This comes after SEC Chairman Gary Gensler announced his resignation, effective January 20, which coincides with Trump's inauguration. The policies of the incoming administration have rejuvenated Bitcoin promoters and investors. MicroStrategy, the largest corporate holder of bitcoin-its valuation has gone all the way to $94 billion this year, after shares multiplied sixfold. Analysts believe that the institutional adoption of digital currencies by Trump's leadership could make it even more pronounced. But other nations, including Russia, are also exploring such alternatives to traditional reserves in a world where Bitcoin is growing in importance in the global financial ecosystem. Trump's crypto-friendly stance has revived debates on whether digital currencies should be part of the US economy, setting the stage for potentially transforming policies in 2025. (With inputs from the agencies)

Bitcoin hits $106,000 amid Trump’s pro-crypto push

New Delhi
Bitcoin had surged to a historic high of more than $106,000 on Monday after US President-elect Donald Trump voiced a pro-cryptocurrency position. Since the election of the latter on November 5, the cryptocurrency price surged more than 50 per cent.
According to analysts, it seems that $110,000 may be the next threshold for the digital asset.
The global cryptocurrency market cap has nearly doubled in 2024, CoinGecko shows, to $3.8 trillion. 
Trump's suggestions on the creation of a Bitcoin strategic reserve in the US, similar to what it has for oil reserves, have helped this wave move forward. 
Speaking last week, Trump restated his intentions to increase the presence of Bitcoin as part of the economic agenda for his administration. 
His approach is in sharp contrast to the outgoing Federal Reserve Chair Jerome Powell, who recently called Bitcoin volatile and unsuitable for storing value while comparing it to gold. 
Trump's administration is already building the foundation for a crypto-friendly regulatory environment. 
The White House has appointed Silicon Valley entrepreneur David Sacks, a former PayPal executive and close associate of Elon Musk, as its AI and cryptocurrency advisor. 
Trump also intends to nominate Paul Atkins, a known crypto advocate, to lead the Securities and Exchange Commission (SEC). 
This comes after SEC Chairman Gary Gensler announced his resignation, effective January 20, which coincides with Trump's inauguration.
The policies of the incoming administration have rejuvenated Bitcoin promoters and investors. MicroStrategy, the largest corporate holder of bitcoin-its valuation has gone all the way to $94 billion this year, after shares multiplied sixfold. 
Analysts believe that the institutional adoption of digital currencies by Trump's leadership could make it even more pronounced.
But other nations, including Russia, are also exploring such alternatives to traditional reserves in a world where Bitcoin is growing in importance in the global financial ecosystem.
Trump's crypto-friendly stance has revived debates on whether digital currencies should be part of the US economy, setting the stage for potentially transforming policies in 2025.
(With inputs from the agencies)

Bitcoin had surged to a historic high of more than $106,000 on Monday after US President-elect Donald Trump voiced a pro-cryptocurrency position. Since the election of the latter on November 5, the cryptocurrency price surged more than 50 per cent.



New Delhi Bitcoin had surged to a historic high of more than $106,000 on Monday after US President-elect Donald Trump voiced a pro-cryptocurrency position. Since the election of the latter on November 5, the cryptocurrency price surged more than 50 per cent. According to analysts, it seems that $110,000 may be the next threshold for the digital asset. The global cryptocurrency market cap has nearly doubled in 2024, CoinGecko shows, to $3.8 trillion. Trump's suggestions on the creation of a Bitcoin strategic reserve in the US, similar to what it has for oil reserves, have helped this wave move forward. Speaking last week, Trump restated his intentions to increase the presence of Bitcoin as part of the economic agenda for his administration. His approach is in sharp contrast to the outgoing Federal Reserve Chair Jerome Powell, who recently called Bitcoin volatile and unsuitable for storing value while comparing it to gold. Trump's administration is already building the foundation for a crypto-friendly regulatory environment. The White House has appointed Silicon Valley entrepreneur David Sacks, a former PayPal executive and close associate of Elon Musk, as its AI and cryptocurrency advisor. Trump also intends to nominate Paul Atkins, a known crypto advocate, to lead the Securities and Exchange Commission (SEC). This comes after SEC Chairman Gary Gensler announced his resignation, effective January 20, which coincides with Trump's inauguration. The policies of the incoming administration have rejuvenated Bitcoin promoters and investors. MicroStrategy, the largest corporate holder of bitcoin-its valuation has gone all the way to $94 billion this year, after shares multiplied sixfold. Analysts believe that the institutional adoption of digital currencies by Trump's leadership could make it even more pronounced. But other nations, including Russia, are also exploring such alternatives to traditional reserves in a world where Bitcoin is growing in importance in the global financial ecosystem. Trump's crypto-friendly stance has revived debates on whether digital currencies should be part of the US economy, setting the stage for potentially transforming policies in 2025. (With inputs from the agencies)

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Zee News Rajasthan

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Hanshika Ujlayan

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