📊 Wall Street opens higher after November job growth soars

Wall Street's main indexes opened higher on Friday as traders increased bets on a Federal Reserve rate cut this month after the November payrolls report.

The Dow Jones Industrial Average $DJI rose 58.6 points, or 0.13%, at the open to 44,824.29.

The S&P 500 $SPX rose 6.3 points, or 0.10%, at the open to 6,081.38​, while the Nasdaq Composite $IXIC rose 43.2 points, or 0.22%, to 19,743.959 at the opening bell.

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📱 Meta's Stock Gains Amid TikTok Troubles

An Appeals Court upheld a law that might force ByteDance to sell TikTok or face a US ban.

If the ban proceeds, TikTok's users and creators could shift to Instagram Reels, boosting Meta's revenue.

Meta’s stock jumped 2% on the news, with potential gains for YouTube Shorts as well.

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JUST IN: 🇺🇸 US Treasury compares Bitcoin to digital gold.

The "primary use case for Bitcoin seems to be a store of value aka digital gold."

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JUST IN: Amazon shareholders call on its Board to consider investing in Bitcoin.

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⚠️Trump says he will not try to replace Fed's Powell

"No, I don't think so. I don't see it," Trump said when asked if he would seek to remove Powell, whose term ends in 2026.

Traders are expecting the Fed to cut interest rates at its upcoming Dec. 17-18 policy meeting, after recent data showed the U.S. labor market was continuing to cool.

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📈Bitcoin Hits $100K Milestone, Wall Street Eyes $200K

Wall Street analysts predict a doubling of its value, with targets of $200,000 by late 2025, fueled by hopes of crypto-friendly policies under Trump’s administration.

"We expect Bitcoin to emerge as the new-age premier ‘store of value’ asset, replacing gold," says Gautam Chhugani of Bernstein.

As Bitcoin rises, Fundstrat's Sean Farrell predicts it could break $120,000 soon, calling 2024 a year of "structural tailwinds."

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⚠️Trump: Tariffs & Immigration 

Trump admits tariffs could raise prices and vows swift action on immigration, including border security and deportations.

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JUST IN: MicroStrategy buys another 21,550 Bitcoin worth $2.1 billion.

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JUST IN: $122,000,000 liquidated from the cryptocurrency market in the past 60 minutes.

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Taiwan Semiconductor Reports November Net Revenue of $8.49 Billion

Taiwan Semiconductor Manufacturing said Tuesday that its net revenue rose to NT$276.06 billion ($8.49 billion) in November, from NT$206.03 billion in the same month last year.

Compared to October, net revenue in November was down by 12.2%, the company said.

Revenue for the January-November period was NT$2.616 trillion, an increase of 31.8% compared to the same period in 2023, the company said.

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Oracle Is Maintained at Outperform by Mizuho

Oracle Price Target Raised to $210.00/Share From $185.00 by Mizuho

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