Author: News Room

Investing.com — US equity funds are set to experience a record-breaking year with annualized inflows reaching $448 billion, Bank of America reported. Money market funds are also witnessing unprecedented demand, projected to receive “massive” inflows of $1.1 trillion in 2024. In the week ending November 11, equity funds attracted $14.4 billion, while bonds saw inflows of $9.1 billion and cryptocurrencies gained $900 million. Meanwhile, $600 million exited gold, and money market funds experienced withdrawals of $1.3 billion, BofA said in its weekly ‘Flow Show’ report, citing EPFR global data. Among other noteworthy flows, BofA highlighted that Treasuries saw outflows totaling…

The Mexican Peso consolidates ahead of the publication of key economic data for Mexico.  The MXN faces headwinds from slowing growth, central bank dovishness and US politics.  Technically, USD/MXN is unfolding an up leg within a range that is part of a larger Measured Move pattern. The Mexican Peso (MXN) trades mild and mixed in its most-traded pairs as the week draws to a close, with idiosyncratic factors impacting each one – the US Dollar (USD), Euro (EUR) and Pound Sterling (GBP) – differently. This may change later on Friday, when Mexico releases Gross Domestic Product (GDP) data for Q3…

Bitcoin trades at $99,340.23, approaching the $100K mark as retail investors retain market dominance. What is more interesting about this rally is the dominance of retail investors, who currently account for 88.07% of all Bitcoin (BTC) in circulation, according to The Block. Contrary to the recent claims that institutional investors are leaving retail investors behind in ownership of BTCs, the asset is still in the hands of retail investors, which underlines their stronghold in the market. This grassroots stronghold contrasts the much smaller shares held by whales at 1.26% and institutional investors at 10.68%. You might also like: Not XRP…

Trump’s proposed tariffs could raise costs for hardware startups making physical goods.Startups fear that the potential tariff hikes could make profit goals harder to reach.Investors warn that this could lead large numbers of founders to throw in the towel.The potential for increased tariffs in Donald Trump’s second term is making hardware startups nervous and could push more founders in this tough sector to throw in the towel.While large retailers have begun to rejigger their supply chains to avoid the possible tariff hikes on Chinese goods, hardware startups have less room for maneuver, according to conversations with a dozen tech founders…

Natalie Fischer quit her corporate job to become a solopreneur creating financial content.She’s generated over $150,000 from her business in 2024.Fischer shares 4 tips for transforming a side hustle into a career.Being an investing influencer started as a hobby for Natalie Fischer during the pandemic. Now, it’s her full-time job.Like many people, Fischer started seriously getting into the stock market in 2020. The pandemic was a prime entry point: markets were volatile, rates were low, and she had built up a healthy level of savings.She began sharing her investing journey on social media through Instagram stories and received an outpouring…

FRANKFURT (Reuters) – European Central Bank President Christine Lagarde renewed her call for economic integration across Europe on Friday, arguing that intensifying global trade tensions and a growing technology gap with the United States create fresh urgency for action. U.S. President-elect Donald Trump has promised to impose tariffs on most if not all imports and said Europe would pay a heavy price for having run a large trade surplus with the U.S. for decades. “The geopolitical environment has also become less favourable, with growing threats to free trade from all corners of the world,” Lagarde said in a speech, without…

By Gerry Doyle SINGAPORE (Reuters) – The United States has layers of sensors that can spot, track and identify ballistic missile launches such as the Russian IRBM fired at Ukraine on Thursday – a Cold War system that has been refined over decades into an unblinking global network. Six Lockheed Martin (NYSE:) and Northrop Grumman (NYSE:) satellites, known as SBIRS, for space-based infrared system, sit in geostationary orbit around earth hunting for launch signatures, according to the U.S. Space Force, which operates them. They – and a network of smaller satellites in lower orbits – use a variety of sensors…

By Valerie Volcovici and Nailia Bagirova BAKU (Reuters) – COP29 climate summit host Azerbaijan urged participating countries to bridge their differences and come up with a finance deal on Friday, as negotiations at the two-week conference entered their final hours. World governments represented at the meeting in the Caspian Sea city of Baku are tasked with agreeing a sweeping plan that would see rich nations pledge to hand over hundreds of billions of dollars to help poorer countries grapple with the worsening impacts of global warming. Economists have said developing countries need at least $1 trillion annually by the end…

The Pound Sterling faces a sharp sell-off as UK Retail Sales declined at a faster-than-projected pace in October. Weak UK Retail Sales data could boost BoE dovish bets for December. Investors await the flash S&P Global PMI data for both the UK and the US. The Pound Sterling (GBP) weakens against a majority of its peers, except Asia-Pacific currencies, as the United Kingdom (UK) Retail Sales data for October contracted at a faster-than-expected pace. The British currency trades near 1.2550 against the US Dollar (USD) in Friday’s London session, a six-month low. Retail Sales, a key measure of consumer spending, declined by 0.7%…

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