Financial and Economic News: December 13, 2023

Dec 13, 2023

Global economic shifts are anticipated in 2024 as central banks consider adjusting strategies. The Fed eyes potential interest rate cuts, while BOJ maintains a cautious stance. Wall Street predicts a stock boom in 2024. Abu Dhabi attracts billionaires through SPVs. Occidental Petroleum's acquisition reflects a trend of consolidation. A legal battle between Epic Games and Google could reshape the industry. Bond forecasters caution against year-end rally extension. Small businesses express caution amid rising interest rates.

Ask episode

Chapters

Transcript

Episode notes

Introduction

00:00 • 2min

Anticipated Disinflation and Stock Boom in 2024

02:27 • 3min

Abu Dhabi: A Growing Wealth Hub and Occidental Petroleum's Acquisition

05:13 • 2min

Occidental's Dividend Increase, Epic Games vs Google, Bond Market Shift, Small Business Caution

07:21 • 5min

Major stories developing on the global economic front, including:

Economic Tides Turning
The Fed’s Forecast
BOJ’s Rate Dilemma
Oppenheimer Predicts Stock BOOM
Billionaires Flock to Abu Dhabi
Occidental on Purpose
An ‘Epic’ Legal Battle
Bond Market Shift
Big Impacts on Small Businesses

Check out the FinWeekly roundup of the latest financial and market news for the week. In the U.S., economic shifts are anticipated in 2024 as central banks consider adjusting strategies following aggressive interest rate hikes in 2023. The Federal Reserve eyes potential interest rate cuts based on stable consumer prices, acknowledging challenges in reaching the 2% inflation target. Meanwhile, the Bank of Japan maintains a cautious stance on altering negative interest rates. Wall Street predicts a stock boom in 2024, while Abu Dhabi attracts billionaires seeking wealth safeguards through Special Purpose Vehicles (SPVs). Occidental Petroleum's $10.8 billion acquisition of CrownRock LP reflects a trend of consolidation in the oil sector. In legal news, a San Francisco jury deems Google's app store practices anticompetitive, potentially reshaping the industry. U.S. bond forecasters caution against expecting a year-end rally extension in 2024, and small businesses express caution amid rising interest rates, contributing to potential economic slowdown if borrowing costs persist.

Disclaimer:
BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.

byfiq.com