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CAP

The Fed cut rates, but bitcoin didn’t budge. What gives?

Bitcoin edged lower on Thursday, even after the Federal Reserve on Wednesday cut its policy rate by 25 basis points and signaled that it will begin injecting additional liquidity into short-term funding markets starting Friday.

Bitcoin edged lower on Thursday, even after the Federal Reserve on Wednesday cut its policy rate by 25 basis points and signaled that it will begin injecting additional liquidity into short-term funding markets starting Friday.
MarketWatch - Top Stories • Dec 11, 10:20 PM
REG

Golden Dome: The Astronomical Cost of Defeating ‘Any Foreign Aerial Attack’

President Donald Trump’s proposed missile and air defense system, meant to swat down threats from near ground level all the way into space, is an enormous task — and comes with a huge price tag.

President Donald Trump’s proposed missile and air defense system, meant to swat down threats from near ground level all the way into space, is an enormous task — and comes with a huge price tag.
Bloomberg Politics • Dec 11, 10:00 PM
CAP

A $30 Billion Pension Battle Risks Exodus at Colombian Regulator

Colombia’s financial regulator is in turmoil after dozens of officials were asked to resign amid a dispute over whether to force pension funds to repatriate tens of billions of dollars from overseas.

Colombia’s financial regulator is in turmoil after dozens of officials were asked to resign amid a dispute over whether to force pension funds to repatriate tens of billions of dollars from overseas.
Bloomberg Markets • Dec 11, 9:56 PM
CAP

Lululemon CEO McDonald Is Stepping Down

Lululemon Athletica Inc.

Lululemon Athletica Inc. said Chief Executive Officer Calvin McDonald is stepping down as the pricey yoga-wear brand looks to reignite growth amid pressure from upstart competition and it founder. Chief Financial Officer Meghan Frank and Chief Commercial Officer AndrĂŠ Maestrini will serve as interim co-CEOs. BTIG Analyst Janine Stichter joins "Bloomberg The Close." (Source: Bloomberg)
Bloomberg Markets • Dec 11, 9:56 PM
REG

Noem Faces Fury Over Deportations During Fiery House Hearing

Homeland Security Secretary Kristi Noem was pressed by House Democrats on Thursday over theTrump administration’s broadened deportation campaign, sparking boos from protesters and calls for her resignation.

Homeland Security Secretary Kristi Noem was pressed by House Democrats on Thursday over theTrump administration’s broadened deportation campaign, sparking boos from protesters and calls for her resignation.
Bloomberg Politics • Dec 11, 9:45 PM
CAP

Private Credit Sector Expands in Korea With Entry of Hanwha Unit

Hanwha Asset Management is expanding into private credit, an asset class still in its early stages in South Korea but continues to attract some of the nation’s largest money managers.

Hanwha Asset Management is expanding into private credit, an asset class still in its early stages in South Korea but continues to attract some of the nation’s largest money managers.
Bloomberg Markets • Dec 11, 9:30 PM
CAP

Cruise and other travel stocks keep climbing, with a little help from the Fed

Cruise stocks led the market higher Thursday, and shares of other travel companies also rallied, as the Fed’s rate cut helped boost the prospects of consumer spending on vacations.

Cruise stocks led the market higher Thursday, and shares of other travel companies also rallied, as the Fed’s rate cut helped boost the prospects of consumer spending on vacations.
MarketWatch - Top Stories • Dec 11, 9:27 PM
REG

US’s Niron, Moog Team to Lessen Reliance on Chinese Rare Earths

Two US companies have partnered to develop magnets for sensitive systems such as guided munitions, the latest sign of the defense industry’s effort to break free of dependence on rare-earth minerals from China.

Two US companies have partnered to develop magnets for sensitive systems such as guided munitions, the latest sign of the defense industry’s effort to break free of dependence on rare-earth minerals from China.
Bloomberg Politics • Dec 11, 9:12 PM