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Markets that began the year with investors expecting a global stock rally to fizzle, swift U.S. interest rate cuts to boost Treasuries and soften the dollar and emerging market currencies to strengthen have firmly defied that consensus. That comes mostly thanks to a second year of huge gains for Wall Street stocks as artificial intelligence fever and robust economic growth sucked more global capital into U.S. assets and took the dollar up 7% against peers in 2024. U.S. exuberance rose after Donald Trump's Nov. 5 election win, as traders focused on the President-elect's plans for tax cuts and deregulation, with the surge in animal spirits propelling cryptocurrency bitcoin to a 128% annual gain.

(Bloomberg) -- Mainland Chinese investors snapped up a record amount of Hong Kong stocks as they ramped up exposure to risk assets in the city amid a revival of animal spirits and a weakening yuan. Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayReviving a Little-Known Modernist Landmark in BuffaloThe Architects Who Built MiamiNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNew York City’s Historic Preservation Movement Is Having a Midlife CrisisTr

(Bloomberg) -- Investors are set to face the largest supply of Japanese sovereign bonds in at least a decade as the central bank plans to shrink its balance sheet, adding to debtholders’ woes from rising interest rates.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayReviving a Little-Known Modernist Landmark in BuffaloThe Architects Who Built MiamiNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNew York City’s Historic Preservation Movement Is Havi

Whether you were naughty or nice, if you never received your stimulus check in 2021, you are eligible for the Christmas cash infusion.

No sooner had the global economy started to put the aftermath of the COVID-19 pandemic behind it than a whole new set of challenges opened up for 2025. In 2024, the world's central banks were finally able to start lowering interest rates after largely winning the battle against inflation without sparking a global recession. Stocks hit record highs in the United States and Europe and Forbes declared a "banner year for the mega-wealthy" as 141 new billionaires joined its list of the super-rich.

The price of Dogecoin dropped to $0.31 on Sunday.

Hines will work with AI and crypto czar David Sacks on driving innovation in the digital asset sector.