Breaking News: Markets
- Australia's economic growth misses estimates, rising 2.1% in the third quarter - Australia's economic grew less than expected in the third quarter, still accelerating at the fastest pace in about two years, driven by investment and consumer demand.
- Asia-Pacific markets rise after Wall Street's tech-fueled recovery - Bitcoin climbed over 7% to cross the $90,000 mark after a sharp sell-off a day earlier.
- Michael Burry calls Tesla 'ridiculously overvalued' and knocks tech industry for a widely used practice - "The Big Short" investor Michael Burry put Tesla's valuation in the spotlight.
- AI stock rally may be driven by fear of missing out, but strategists say hold tight - The European Central Bank on Wednesday warned of high valuations and increased concentration of global stocks.
- South Korea auto stocks rise after U.S. Commerce Secretary confirms tariffs lowered to 15% - Overnight, bitcoin plunged around 6% to trade below $86,000, marking its worst day since March and pressuring the broader stock market down.
- Kalshi makes move to court crypto traders with tokenized betting contracts - Tokenization refers to creating a digital version of a real-world financial asset such as a stock, bond or treasury note.
- China's factory activity unexpectedly contracts in November, missing estimates, private survey shows - The RatingDog China General Manufacturing PMI, conducted by S&P Global, dropped to 49.9 in November, missing analysts' expectations of 50.5 in a Reuters poll.
- Asia-Pacific markets set to open higher ahead of private survey of China’s manufacturing activity - Traders are increasingly expecting a rate cut in the upcoming U.S. Fed meeting on Dec. 10.
- Forget AI spending — the biggest risk to this stock market is speculative junk - The idea that these alternative investments somehow create anything en masse is almost ludicrous.
- Here are the 4 big things we're watching in the stock market this week - Earnings season is winding down as we kick off the last month of 2025.