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(Bloomberg) -- Bitcoin hovered near $100,000 after notching its biggest gain of the new year on reassuring US inflation data that lifted global markets by reviving bets on further Federal Reserve interest-rate cuts.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesChurches, Cinemas — and Moon Artifacts — Top List of Endangered MonumentsWill Americans Ever Lose Their Taste for Telework?As E-Bikes Boom in N

Swings in the bond market recently sent the yield on the 10-year Treasury above 4.80% and its highest level since 2023. The bond market's moves might seem strange given that the Federal Reserve has lowered interest rates three times starting in September. The Fed has cut its main interest rate by a full percentage point since September.

Oil prices fell back slightly on Thursday, a day after settling at multi-month highs on U.S. President Joe Biden's latest sanctions targeting Russia and a larger-than-forecast fall in U.S. crude stocks. The Biden administration on Wednesday imposed hundreds of sanctions targeting Russia's military industrial base and evasion schemes, after earlier levying broader sanctions on Russian oil producers and tankers. With Donald Trump being sworn in for his second term on Monday, "the market is approaching the 'wait-and-see' phase and awaits the reaction from the incoming U.S. administration on the issue" of sanctions, said Tamas Varga at oil broker PVM.

The number of Americans applying for unemployment benefits rose last week, but layoffs remain historically low and the job market broadly healthy. Applications for jobless benefits rose by 14,000 for the week ending January 11, the Labor Department said Thursday, up from the previous week’s 203,000. The total number of Americans receiving unemployment benefits for the week of January 4 fell to by 18,000 to 1.86 million.

(Bloomberg) -- Brazil’s economic activity barely grew on the month in November as central bankers try to tame consumer demand by raising interest rates.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesChurches, Cinemas — and Moon Artifacts — Top List of Endangered MonumentsAs E-Bikes Boom in NYC, Some Call for More RegulationsWill Americans Ever Lose Their Taste for Telework?The central bank’s economic a

(Bloomberg) -- Advisers to President-elect Donald Trump are crafting a wide-ranging sanctions strategy to facilitate a Russia-Ukraine diplomatic accord in the coming months while at the same time squeezing Iran and Venezuela, people familiar with the matter said.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesNYPD Reforms Car Chase Policy Amid Rising

(Bloomberg) -- Gold climbed to the highest in a month after a surprise slowdown in US inflation revived expectations for Federal Reserve rate cuts this year.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesAs E-Bikes Boom in NYC, Some Call for More RegulationsChurches, Cinemas — and Moon Artifacts — Top List of Endangered MonumentsNYPD Reforms Car Chase Policy Amid Rising Crashes, InjuriesBullion traded