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Conversely, a research note from Bernstein said a Kamala Harris presidency would send bitcoin prices plummeting.

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Nvidia shares are nearing their all-time highs on continued optimism about sales of its artificial intelligence (AI) chips.

TSMC reported sales figures for September on Wednesday, completing its third quarter data, which came in above what analysts had expected.

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Inbound loads to Lakeland are being rejected at elevated rates. The post Hurricane Milton already impacting Florida freight markets appeared first on FreightWaves.

U.S. spot Bitcoin exchange-traded funds (ETFs) experienced a notable decline on Wednesday, recording $18.66 million in net outflows.

ARK Invest, the asset management firm founded by Cathie Wood, has divested approximately $36.4 million worth of Robinhood (HOOD) shares, totaling 1.4 million shares, from its three funds.

Taiwan's Financial Supervisory Commission (FSC) plans to initiate a trial for crypto custody services in the first quarter of 2025.

"Following last month’s half-percentage-point cut in the fed funds rate, a more gradual path back to a normal policy stance will likely be appropriate from here to best balance the risks to our dual-mandate goals," Logan said in her first public remarks since the Fed reduced its policy rate to the 4.75%-5.00% range three weeks ago. In prepared remarks to an energy conference hosted by the Greater Houston Partnership, Logan ran through a litany of reasons to go slow, even as she also noted that inflation progress has been broad-based and the labor market has cooled. "I continue to see a meaningful risk that inflation could get stuck above our 2% goal," she said, noting the potential for stronger-than-expected consumer spending or economic growth; "unwarranted" further easing in financial conditions; and the possibility that the level of borrowing costs that neither presses down or up on economic growth - the "neutral rate" - is higher than it was before the pandemic.