Ahead of Tariff Ruling, Businesses Race to Secure Refunds

The 2025 DealBook Summit is set to take place, as reported by The New York Times, highlighting key discussions in the markets sector. This event is anticipated to attract significant attention from industry leaders and policymakers, focusing on current economic trends and challenges.

Private employers cut jobs in November, signaling a slowdown in the labor market as economic pressures mount. This decline reflects ongoing challenges faced by various sectors, particularly in light of rising costs and reduced consumer demand.

Dario Amodei, Scott Bessent, and Erika Kirk are among the prominent speakers scheduled to participate in the upcoming DealBook Summit, as reported by The New York Times. This event is expected to gather influential figures from various sectors to discuss pressing market issues and trends.

Former President Donald Trump is exerting pressure on Scott Bessent, urging him to address the Federal Reserve's high interest rates or face dismissal. This follows Bessent's reluctance to take on the role of Fed chair, preferring to remain as Secretary of the Treasury.

Bitcoin has experienced a significant decline of over 30% recently, with Ether also down approximately 40%. This downturn follows the evaporation of gains attributed to President Trump’s pro-crypto policies, marking a stark contrast to earlier bullish sentiments in the cryptocurrency market.

The Indian government has mandated the installation of the Sanchar Saathi tracking app on all smartphones to combat theft and crime, a move that has sparked significant backlash from privacy advocates who view it as a mechanism for mass surveillance.

Kalshi, a prominent prediction market platform, has successfully raised $1 billion in its latest funding round, bringing its valuation to $11 billion. This marks the company's third fundraising effort this year and highlights its growth in a competitive industry that has gained traction through various betting contracts, including those related to elections, sports, and weather.