News

(Bloomberg) -- A Singapore court has sentenced oil tycoon Lim Oon Kuin to 17-and-half years in jail for cheating HSBC Holdings Plc and instigating forgery, in a case that has shaken the city-state’s commodity-trading community.Most Read from BloombergIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftAmtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC ServiceA Bug’s Eye View of Mexico City’s Modernist ArchitectureParis to Replace Parking Spaces With TreesNYC Congestion Prici

AdvisorShares Psychedelics ETF, Simplify Volt Robocar Disruption and Tech ETF, First Trust SkyBridge Crypto Industry & Digital Economy ETF, U.S. Global Jets ETF and First Trust NASDAQ ABA Community Bank Index Fund are included in this Analyst Blog.

The U.S. Federal Reserve is no longer expected to cut interest rates at its December policy meeting, Nomura has said, making it the first global brokerage to signal a pause in the central bank's rate-cutting cycle in the wake of Donald Trump's election win. Nomura now expects the Fed to deliver only two 25-basis-point (bp) rate reductions at its March and June meetings in 2025, leaving the brokerage's Fed funds rate projection unchanged at 4.125% through next year. The Fed's benchmark overnight interest rate is currently in the 4.50%-4.75% range.

According to BCA Research analysis of fractal patterns, the bitcoin price might climb above $200,000.

Bitcoin has a proven track record of delivering market-beating performance, as well as impressive future upside potential.

Data, however, show no uptick in Runes protocol on chain metrics as of Monday. Onchain metrics typically follow social activity and narratives, with prices leading afterward.

Bitcoin’s recent surge to over $90,000 has caught the attention of both retail and institutional investors.