Bitcoin scaled $40,000 for the first time since May 2022 as the largest digital asset extended a rebound on expectations of interest-rate reductions and greater demand from exchange-traded funds.
Asian stocks are set to climb in early trading as markets parse Federal Reserve Chair Jerome Powell’s reminder that policymakers are in no hurry to ease interest rates. Gold and oil advance.
Gold rose to a record, buoyed by softening US economic data and dovish commentary by Federal Reserve officials that’s spurred investors to bet on rate cuts early next year.
Alaska Air Group Inc. has agreed to buy rival Hawaiian Holdings Inc. in a $1.9 billion cash and debt deal, challenging the Biden administration’s aggressive stance on mergers that has already derailed one partnership between carriers.
Prime Minister Rishi Sunak linked spending cuts and tax reductions for the first time, making clear the UK government hoped to pay for further tax cuts by controlling its outlays on state services and welfare.
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