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Headline News For Monday December 30th 2024
Headline News For Monday December 30th 2024
On December 30, of the year 2024, a variety of noteworthy changes have taken place within the spheres of business and politics:
Business
Wall Street Performance:
- The stock markets of the United States fell on December 30, with all three benchmarks completing lower in value than the previous day.
- The Dow Jones Industrial Average dropped by 418.48 points. The S&P 500 was down 63.90.
- The Nasdaq Composite was down 235.25 points.
- The decline is concerning.
- However, when viewed annually, the performance remains respectable, with the Nasdaq around 30%, the S&P 500 over 24%, and the Dow rising slightly over 13%.
Rising Treasury Yields
Yields on the Treasury have become a problem in this longer-term bull market. According to recent reports, the current 10-year treasury yield has been at its highest for the past seven months. There are concerns about how that might impact the equity markets. A hint that yield than usual may drive the stocks ward over time.
Trump Administration’s Impact on Wall Street
To no one’s surprise, the trump presidency is changing the policies meant to govern Wall Street and is bound to have a larger impact. Joe Biden’s administration is hoping to achieve a plethora of changes. The anticipated changes would make it easier for banks to abide by capital requirements, enable mergers and acquisitions, and support the cryptocurrency and fintech sectors. The policy shift will likely be business-oriented, and regulators will be less ruled out.
Politics
US Avails from Government Shutdown:
- The likelihood of a government shutdown was narrowly prevented when Congress approved an extension of current expenditure.
- This bipartisan approach extends the resolution of continuing to March 14, 2025.
- It has also provided for disaster management and extensions of other programs.
- Several conservative groups opposed the proposal, but it was eventually approved, averting a shutdown.
International Trade Worries
Donald Trump’s proposals regarding tariffs and taxes on imports from Mexico, Canada, China, et al. are generating fears of potentially adverse effects on the economy worldwide during the decade. In this way, the further increase of prices combined with trade restrictions and other economic factors could hamper stability in the international economy.
Economic activities of China
In December, the Chinese economy was expected to grow slower but more stable, as the manufacturing industry anticipates modest growth for the third month. However, a set of US tariffs could disturb this momentum.
Notable Passings
Commemoration of United States President Jimmy Carter:
The 100-year-old Jimmy Carter, president between 1977 and 1981, was also active in humanitarian services after his presidency through involvement in Habitat for Humanity construction and solving international conflict, earning him a Nobel Peace Prize.
Sports
Jayden Daniels Receives Great Training From Commanders Coaches:
- Interestingly, This story starts with Jayden Daniels, the Commander’s first drafted player.
- However, this decision still left me curious.
- Daniels made a remarkable contribution to the team’s performance, helping them secure a record of 11 wins and five losses. This was achieved through a team effort.
- Furthermore, under the right guidance from the Kansas State Line Coach (Daniel’s “country boy attitude” was so amusing.
- Imagine a dash of Denver and Daniels in cowboy boots). He took the field and delivered the right punches.
Oh, the beauty of digital convergence. At the end of the year, these events perfectly illustrate the fluidity of the modern business and political environment.
- This discussion was modified 3 days, 13 hours ago by Gustan Cho.
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