White House economic advisor says Fed may cut interest rates next week

BNY, Nasdaq, iCapital and S&P Global invested in Digital Assets, powering blockchain infrastructure for tokenized real-world assets.

[Mixed Closing for U.S. Stocks, Intel Drops Over 7%] On December 5, U.S. stocks closed with mixed results. The Dow Jones Industrial Average fell 0.07%, the S&P 500 Index rose 0.1%, and the Nasdaq Composite Index gained 0.2%. In individual stocks, Oracle rose 3%, Intel dropped 7.4%, and Nvidia gained 2%. The Nasdaq Golden Dragon China Index rose 0.39%, while NIO Inc. increased by 4%.

[Hassett Says Fed May Cut Rates by 25 Basis Points at Next Meeting] Kevin Hassett, Director of the White House National Economic Council, stated that the Federal Reserve might cut interest rates at its next meeting, with an expected reduction of about 25 basis points. He also mentioned that the Fed Chair should be someone who can respond to data.

A cryptocurrency investor donated $12 million to the UK Reform Party to support the party's political activities and development. （CoinDesk）

[BlackRock Says Bitcoin ETF Has Become the Company's Primary Revenue Source] BlackRock, which manages $13.5 trillion in assets, stated that Bitcoin ETF has become the company's primary revenue source.