News Highlights: Top Global Markets News of the Day - Wednesday at 11 AM ET

A Credit-Score Hangover Is Hitting America's Riskiest Borrowers

Credit scores soared during the pandemic, enabling a borrowing binge that has now forced a reckoning.

U.S. Stock Indexes Finish Higher in Abbreviated Trading Session

U.S. stocks settled higher, in a holiday-shortened pre-Christmas trading session with all three major indexes gaining for the third trading day in a row.

Banks Sue Federal Reserve Over 'Lack of Transparency' in Stress Testing

The Fed on Monday said it planned to overhaul the stress-test regime for banks and planned to seek public comment on planned changes.

Pro Take: Here's Why Bargain Hunters Were Stymied This Year in Venture Capital

Lower valuations are usually the silver lining of a slumping market. Not so much in 2024.

Bitcoin Price Rises. 3 Things to Watch in 2025.

Bitcoin, the largest cryptocurrency, has more than doubled in price in 2024, but this is why 2025 will likely be a defining year for cryptos.

RBA Opens Door to Cuts Next Year if Inflation Continues to Fall

The Australian central bank The Reserve Bank of Australia is growing in confidence that inflation is heading sustainably back to target.

Driving an EV? Big Oil Hopes You Don't Cut Down on Plastic Too

The oil-and-gas industry needs plastic production to rise to offset a decline in demand for transport fuel.

Stock market will find it hard to rally unless the dollar and bonds calm down

Stocks rose to kick off a holiday-shortened week on Monday, but the bond market and the U.S. dollar will likely need to cooperate for the equities rally to resume in smooth fashion.

Why Musk Is Wrong About the Fed Being 'Absurdly Overstaffed'

The Fed has 24,000 employees and a self-funded budget of $7 billion.

Bank of Canada Officials Believed They Could Be Patient on Rate Cuts, Minutes Say

Senior Bank of Canada officials mulled a smaller quarter-point cut this month, arguing they could be patient amid encouraging signs that previous rate cuts are starting to spur a spending recovery, according to minutes released Monday by the central bank.