ECB cuts rates again, keeps door open to further cuts (2 min read)

The European Central Bank cut rates for the fourth time this year, lowering its key rate to 3% as it navigates slowing growth, easing inflation, and rising political uncertainties. While signaling potential future cuts, ECB President Christine Lagarde said that inflation is on track to reach the 2% target by 2025. However, economists are calling for faster rate reductions, especially as geopolitical tensions and domestic challenges continue to weigh on the eurozone’s fragile recovery.

US wholesale prices rose 0.4% in November, more than expected (2 min read)

The latest US Producer Price Index (PPI) report showed inflation at the wholesale level rising more than expected in November, echoing the previous day’s Consumer Price Index (CPI) data. This reinforces the likelihood of a Fed rate cut next week as signals point to sticky inflation and growing labor market concerns. However, again, with mixed economic data, like GDP growth staying resilient, the pace of Fed rate cuts next year still remains uncertain.

ServiceTitan pops to $101 in cloud software vendor’s Nasdaq debut after selling shares at $71 (2 min read)

ServiceTitan saw a 42% surge in its Nasdaq debut, raising $625 million in its IPO, which valued the company at $6.3 billion. This is one of the few companies to go public since 2021. Despite reporting a net loss, its strong revenue growth and cloud-based software offerings for contractors have made it an appealing investment, with a market cap of over 9 times its trailing revenue. Let’s see if the growing interest in tech stocks can keep it from coming back down in the next several days like most IPOs.

Warner Bros. Discovery shares surge 15% after company announces linear, streaming restructuring (1 min read)

Warner Bros is restructuring its business into two divisions: Global Linear Networks and Streaming & Studios. The move aims to simplify operations and prepare for potential consolidation. The linear division will include networks like CNN and HGTV, while the streaming division will house Max and HBO. Shares rose 15% following the announcement, which mirrors a similar strategy recently adopted by Comcast. The company plans to complete the changes by mid-2025, focusing on growth in streaming and stable cash flow from linear operations.

Travel ETFs Beat S&P 500 in a Month: Here's Why? (3 min read)

Leisure and travel ETFs have continued to see strong gains, reflecting the industry's ongoing recovery. The global travel industry is nearly back to pre-pandemic levels, with international arrivals reaching 98% of 2019 figures. While regions like Asia-Pacific still lag due to slower Chinese traveler returns, the Middle East and Europe have already surpassed recovery benchmarks. Hospitality and restaurant sectors are also growing in anticipation of increased travel.

BlackRock and Fidelity Purchase $500 Million in Ethereum ETFs Following SEC Approval (2 mi read)

BlackRock and Fidelity have purchased over $500 million worth of Ethereum in the last couple of days through their ETFs, reflecting the growing institutional interest in crypto. The SEC’s approval of spot Ethereum ETFs earlier this year has spurred significant activity, with BlackRock’s ETHA and Fidelity’s FETH seeing substantial inflows despite Ethereum lagging Bitcoin in the recent rally.

Are You on Track For Retirement? (3 min read)

This article shares advice for a reader nearing $1M in investments and grappling with retirement planning and risk. It highlights important questions about risk tolerance, savings rates, and long-term goals that might resonate with you if you’re mapping out your retirement strategy. The focus should be on your unique goals, not how you compare to others, and create a clear plan for your portfolio that matches your timeline and comfort with market ups and downs.

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Thomas

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