News Highlights: Top Global Markets News of the Day - Tuesday at 5 AM ET

Tech Stocks Lift U.S. Indexes; Consumer-Confidence Data Disappoints

All three major indexes climbed, buoyed by rising tech stocks. Consumer shares declined after a report showed lower-than-expected consumer confidence.

RBA Opens Door to Cuts Next Year if Inflation Continues to Fall

The Australian central bank The Reserve Bank of Australia is growing in confidence that inflation is heading sustainably back to target.

Bitcoin Price Falls. 3 Things to Watch in 2025.

Bitcoin, the largest cryptocurrency, has more than doubled in price in 2024, but this is why 2025 will likely be a defining year for cryptos.

Stock market will find it hard to rally unless the dollar and bonds calm down

Stocks rose to kick off a holiday-shortened week on Monday, but the bond market and the U.S. dollar will likely need to cooperate for the equities rally to resume in smooth fashion.

Why Musk Is Wrong About the Fed Being 'Absurdly Overstaffed'

The Fed has 24,000 employees and a self-funded budget of $7 billion.

Coreweave, Klarna may break IPO slump in 2025 - but OpenAI, SpaceX will wait it out

Initial public offerings may pick up the pace after a three-year slowdown, but economic headwinds and ample money to stay private could dampen the revival.

Bank of Canada Officials Believed They Could Be Patient on Rate Cuts, Minutes Say

Senior Bank of Canada officials mulled a smaller quarter-point cut this month, arguing they could be patient amid encouraging signs that previous rate cuts are starting to spur a spending recovery, according to minutes released Monday by the central bank.

Canada GDP Cools After Stronger-Than-Expected 0.3% Growth in October

Canada's economy may have contracted last month for the first time this year but growth has nevertheless picked up this quarter, supporting the central bank's pivot to a more gradual pace of rate cuts in 2025.

Bitcoin Falls Again After Rough Week. Why the Crypto Keeps Dropping.

On Sunday, President-elect Donald Trump said he would nominate Stephen Miran to be Chair of his Council of Economic Advisers.

U.S. Consumers Feel Less Confident as Economy Concerns Mount

Confidence among American consumers dropped unexpectedly in December, with expectations growing bleaker for the economic situation in the new year.