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Lyft Urges Chicago Riders to Oppose New Weekend Rideshare Tax Proposal

Lyft is urging its Chicago customers to advocate against a proposed tax on rideshares in the downtown area during weekends. The ordinance, introduced by Alderman Daniel La Spata, aims to generate up to $15 million annually to help address the city's nearly $1 billion budget deficit.
Bloomberg.com
Lyft, Inc. USA Daniel La Spata Brandon Johnson
Finance & Economy, Press Release
00:43 06.12.2024

Indian Markets Rally Ahead of Anticipated RBI Monetary Policy Decisions

Indian equity markets rallied significantly on December 6, 2024, with the BSE Sensex climbing over 800 points to close at 81,765 and the NSE Nifty rising more than 240 points above 24,700, fueled by global optimism and strong FII inflows of Rs 8,540 crore.Economist Aurodeep Nandi from Nomura predicts a 25 basis point repo rate cut and a 50 basis point CRR cut, highlighting concerns over cyclical slowdown and the potential impact of lower credit growth on domestic demand, urging for increased government spending to meet targets.
Moneycontrol
Indian Rupee Nomura Holdings, Inc. IND Aurodeep Nandi
Finance & Economy, Market Report
00:42 06.12.2024

Gold Declines Ahead of US Jobs Report Impacting Federal Reserve Rates

Gold prices experienced a decline of 0.7%, marking the largest drop since November 25, as traders awaited a crucial US jobs report that could impact the Federal Reserve's interest-rate decisions. The precious metal had been trading within a narrow range since early last week.
bloomberg.com
United States Dollar Federal Reserve USA
Finance & Economy, Market Report
00:37 06.12.2024

Japan Sees Record Base Pay Gains Fueling Speculation for Rate Hike

Base salaries for regular workers in Japan rose by a record 2.8% in October, marking the largest increase since 1994, according to the labor ministry. This rise in pay signals progress towards a positive economic cycle and fuels speculation of a potential near-term rate hike by the Bank of Japan. Real cash earnings remained stable, avoiding a decline for the first time in three months.
Bloomberg.com
Japanese Yen BOJUN EDU JPN
Finance & Economy, Market Report
00:33 06.12.2024

Jim Cramer Advocates for Diversified Portfolios Amid Bitcoin Surge

As bitcoin surges past $100,000, Jim Cramer emphasizes the importance of diversifying investments beyond cryptocurrencies, advocating for a mix of stocks and bitcoin. He highlights significant stock gains from companies like Palantir, Tesla, Costco, and Nvidia, urging investors to consider both asset classes. Cramer also notes the political support for crypto from Donald Trump, who aims to promote U.S. mining and has plans to nominate crypto advocate Paul Atkins to lead the SEC, potentially easing regulatory pressures.
CNBC
United States Dollar NVIDIA Corporation COSTCO WHOLESALE Tesla, Inc. USA Paul Atkins Donald Trump Jim Cramer Show more
Finance & Economy, Transcript
00:31 06.12.2024

Argentina Central Bank Cuts Benchmark Interest Rate to 32 Percent

Argentina's central bank has reduced its benchmark interest rate by 300 basis points to 32%, effective December 6. This decision reflects a consolidation in inflation expectations, as stated in the bank's announcement.
bloomberg.com
Argentine Peso Argentina Central Bank ARG
Finance & Economy, Market Report
00:29 06.12.2024

OPEC Plus Delays Supply Increase Amid Concerns of Future Oil Glut

Oil prices remained steady as OPEC+ delayed plans to ease supply cuts for a third time, now set to begin modestly in April and gradually unwind over 18 months. West Texas Intermediate traded above $68 a barrel, while Brent settled near $72, amid concerns of a market glut next year.
Bloomberg.com
United States Dollar Opec
Finance & Economy, Market Report
00:25 06.12.2024

Fontainebleau Miami Beach Secures 975 Million in Bond Market Refinancing

Fontainebleau Miami Beach has secured $975 million through a commercial mortgage-backed security to refinance its debt. This financing is part of a larger $1.2 billion debt package, which includes a mezzanine loan of up to $225 million. Additionally, the hotel is set to receive a $105 million equity infusion from Jeffrey Soffer, bringing the total funds raised to approximately $1.3 billion.
bloomberg.com
United States Dollar Fontainebleau Miami Beach USA Jeffrey Soffer
Finance & Economy, Market Report
00:09 06.12.2024

Healthcare Executives Reassess Security After UnitedHealth CEO Murder in New York

The murder of UnitedHealthcare CEO Brian Thompson in Manhattan has prompted health insurance companies to reassess security for their executives. Following the targeted attack, both UnitedHealth and CVS Health removed photos of their leadership from websites, reflecting heightened concerns over threats in the healthcare sector. Experts anticipate increased physical security measures as tensions rise amid ongoing public frustration with health insurers.
reuters.com
UnitedHealth Group Inc CVS Health Corporation USA Caroline Humer Shannon Stapleton Paulette Thompson Garett Seivold Elon Musk Brian Thompson Robert D'amico Glen Kucera Jonathan Oatis Show more
Regulatory & Legal, News Article
00:03 06.12.2024

Stock Futures Steady as Investors Await Key Jobs Report Insights

Stock futures were little changed as investors awaited a key jobs report, with Dow futures dipping 24 points and S&P 500 and Nasdaq 100 futures down 0.1%. Strong quarterly results from companies like Ulta Beauty and GitLab boosted their shares, while economists expect nonfarm payrolls to rise by 214,000 in November, influencing the Federal Reserve's upcoming rate decision.
CNBC
DocuSign, Inc. Ulta Beauty, Inc. Lululemon Athletica Inc. GitLab Inc. USA Jerome Powell Brendan Mcdermid Charlie Ripley Sarah Mintz John Flood Show more
Finance & Economy, Market Report
00:02 06.12.2024
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