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U.S. Senators called for an antitrust investigation into the proposed $10 billion all-stock merger between Compass and Anywhere Real Estate.
The S&P 500 and Nasdaq Composite are in negative territory for December, a month where the S&P 500 historically gains 1.4%, as investors await key inflation data that could influence a potential 'Santa Claus rally'.
The Federal Reserve is poised to cut interest rates by 25 basis points, but the decision is overshadowed by deep internal division, political uncertainty, and market focus on the 2026 forward guidance. This has pushed the U.S. Dollar Index below 99 while equities have rallied.
The U.S. small-cap Russell 2000 index surged to a record high, signaling strong investor confidence in the domestic economy. This rally occurred amidst growing global uncertainty, as Japanese government bond yields spiked to their highest levels in over a decade on rate hike expectations.
A new study from UBS reports that the global billionaire population has reached a record 2,900 individuals, collectively controlling $15.8 trillion. This surge is primarily fueled by appreciating stock markets and high-growth entrepreneurship, particularly in the technology and cryptocurrency sectors, reinforcing wealth concentration at the top.