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Super Micro Computer (SMCI) shares surged in Monday late-afternoon trade after the artificial intell

(Bloomberg) -- Nuveen LLC, the $1.3 trillion US global asset manager, is targeting wealthy Australian investors to tap into expected growth in the US private credit market via a new fund.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionThe firm has launched its Nuveen Churchill Private Credit Income Fund, aimed at Australian private wealth, high net worth individuals and family offices, according t

A top Federal Reserve official said Monday that he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could cause him to change that view. Speaking at George Washington University, Christopher Waller, a key member of the Fed's Board of Governors, said he was confident that inflation is headed lower and that the central bank will likely keep reducing its key rate, which affects many consumer and business loans. “At present, I lean toward supporting a cut to the policy rate at our December meeting," Waller said in his remarks to a conference held by the American Institute for Economic Research.

XRP (CRYPTO: XRP) continues to be the biggest name moving higher and it's now the third largest cryptocurrency behind Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). As of 12:30 p.m. ET, over the past 24 hours alone XRP is up 36% and has risen 55% since the market closed on Friday. Chainlink (CRYPTO: LINK) is up 17.6% in the past 24 hours and 22.6% since Friday.

Morgan Stanley analyst Keith Weiss noted that cybersecurity remains a top spending priority for organizations globally. Weiss noted longer-term tailwinds are intact as recent technological advancements (GenAI, Public Cloud) expand the attack surface area, creating new product opportunities for securing AI and leveraging AI to automate security operations. In the near term, the analyst flagged risks investors might not fully appreciate heading into 2025. Also Read: This Analyst Downgrades Upstart

The US manufacturing sector's contraction improved more than expected in November, two separate surv

In a significant move, MicroStrategy Inc. (NASDAQ:MSTR) looks set to join the Nasdaq 100 index, prompting a major reconstitution of the index. This change, based on market cap rankings as of Nov. 29, will take effect after Dec. 20. What Happened: According to a report by Seeking Alpha, the inclusion of MicroStrategy, with its $94 billion market cap, will impact passive funds tracking the index, such as the Invesco QQQ Trust (NYSE:QQQ) and the Invesco Nasdaq 100 (NYSE:QQQM). Don't Miss: This Jeff