Global Markets Mixed As North American Home Sales Rally
Nike slips after solid quarter despite strength in other areas. U.S. new home sales jump 17.5 percent in November to a seasonally adjusted annual rate of 733,000, the fastest pace in over 25 years, with supply shortages persisting. Bitcoin tumbles sharply then recovers. Coinbase halts trading briefly as experts warn of a bubble. Wu Xiangyang sentenced in Guangxi for illegal revenue and unlicensed VPN operation. First Data reports 9.2 percent holiday spending rise through early December driven by online and in-store payments across 1.3 million merchants.
MENTIONED IN THIS ARTICLE
Commerce Department
Asia
Coinbase
CoinDesk
Beijing
Wu Xiangyang
Guangxi
Procuratorate Daily
First Data
Expanded child tax credit may not be as generous as it seems
The GOP tax overhaul doubles the child credit to $2,000 and raises phaseout thresholds to $200,000 for single filers and $400,000 for married couples, with up to $1,400 refundable. Experts warn lower-income families gain little due to refund rules, while many gains expire in 2026 and new SSN requirements limit eligibility.
MENTIONED IN THIS ARTICLE
Tax Policy Center
Rubio
Senate
Chye-Ching Huang
CBPP
Huang
Health care and bank stocks pull indexes lower
New York stocks closed modestly down as health care and financial shares weighed. The Dow slipped 28.23 points to 24,754.06 while the S P 500 eased to 2,683.34 and the Nasdaq fell to 6,959.96 amid mixed results and bitcoin volatility. Nike also declined as North American sales lagged.
MENTIONED IN THIS ARTICLE
New York
Donald Trump
CoinDesk
Standard & Poor
Nike
Wall Street
North American
Fed
DOW Trans
S&p
Wilshire
Russell
Atat Inc
FCNCA
Freds Inc
Praent
HP Inc
Harley Davidson
Technologies
Home Depot
U.S
Sas
Chase & Co i
Also Mentioned on This Page
Nike Inc
North America
China
The
Associated Press
Dow
SAP
NYSE
Commodities Review
Sarah Skidmore Sell
Congress
Marco Rubio
House
Seattle
ED S. Warren
Money & Markets
Foreign Exchange
Argent
Australia
New Britain
Chile
Ican Rep
Hong Kong
India
Japan
Mexico
N.zealand
Norway
Russia
Singapore
Africa
Korea
Sweden
Switzerland
Taiwan