Stocks soar in 2024 amid AI buzz and Fed easing gains
2024 saw the S&P 500 and Nasdaq reach records as AI optimism spurred a broad bull run. Investors welcomed the Fed’s lower rates, 401(k) balances hit highs, and Trump’s election news sparked shifts in stock leadership. Nvidia led AI stock fervor while Bitcoin and MicroStrategy surged, with the year ending on a high despite inflation and economic slowdown fears.
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Federal Reserve
Fidelity Investments
U.S
Europe
Asia
Sameer Samana
Wells Fargo Investment Institute
Paul Hickey
Fed
Hickey
Donald Trump
Trump
New York Stock Exchange
Alphabet
Amazon
Apple
Meta
Microsoft
Nvidia
Tesla
Samana
White House
Geo Group
Elon Musk
David Sekera
Morningstar
Bitcoin
MicroStrategy
Securities and Exchange Commission
Puerto Rico blackout leaves 1.3 million in darkness
A wide power outage hit nearly the whole island at 5:30 a.m. leaving about 1.3 million of Puerto Rico’s 1.4 million customers without electricity. Crews began restoration, with full service likely 24 to 48 hours. Cause under investigation after an underground cable fault.
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Puerto Rico
Luma Energy
Luma
South Korea seeks arrest warrant for impeached leader Yoon Suk Yeol
A Seoul court issued an arrest warrant for President Yoon Suk Yeol after a probe linked him to insurrection. If executed, he would be the first sitting president in South Korea to be detained. officials warn custody remains uncertain and actions proceed under martial law fallout.
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Yoon Suk Yeol
Seoul
Yoon
South Korea
Constitutional Court
Presidential Security Service
Han Dack-soo
Defense Ministry
Kweon Seong-dong
People Power Party
Treasury says China backed intrusion hacked U S Treasury systems
The U S Treasury Department disclosed a major incident after a Chinese state sponsored actor gained access to workstations and unclassified documents via a BeyondTrust security key. Treasury and CISA moved to contain the breach and assess lingering access while noting no current access by the intruder.
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U.S. Treasury Department
Washington Post
Department
Beyond Trust
Treasury Department
Senate Banking Committee
Treasury
Cybersecurity and Infrastructure Security Agency
Treasury Systems
BeyondTrust
U.S
China
Pentagon chief loses bid to reject 9/11 plea deals
A military appeals court ruled against Defense Secretary Lloyd Austin in his bid to throw out plea agreements for Khalid Sheikh Mohammed and two co defendants tied to the 9/11 attacks. The deals would have see the men plead guilty to one charge in exchange for avoiding the death penalty. The case centers on Guantanamo Bay military commissions and a long negotiation process with prosecutors and defense teams.
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Washington
Lloyd Austin
Khalid Sheikh Mohammed
U.S
United States
al-Qaida
Afghanistan
Iraq
George W. Bush
Mohammed
U.S. Military Commission
Guantanamo Bay Naval Base
Cuba
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New York City
Associated Press
Russia
Ukraine
Sudzha
Russia- Ukraine
Yeol
Yoon Suk
U.S. Treasury
Pentagon
Secretary of Defense
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