As the trading year draws to a close, here are the biggest ups and downs, as told by reporters from all corners of world markets.

President-elect Donald Trump has named Miran, a former adviser in his first administration, to chair the Council of Economic Advisers.

Emerging markets-focused investors have had little to celebrate over the past year. Or for that matter, over the past decade. Now the prospect of Donald Trump’s tariffs and trade wars has some considering abandoning them altogether.

Now, as a leak reveals Russia could beat the U.S. to a bitcoin reserve, Trump has been pitched a "capital markets renaissance fueled" by bitcoin to "unlock trillions in wealth" by MicroStrategy founder Michael Saylor.

The Federal Reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses

Although experts optimistically predicted rates would fall close to 6% by the end of 2024, projections have changed significantly. Fannie Mae now expects average 30-year fixed mortgage rates to hold above 6.5% until early 2025.

"For investors, it is starting to look similar to 2022—too high inflation, rising interest rates, and falling stock prices."

The Federal Reserve is starting to contend with how President-elect Donald Trump and his ambitious policies could influence inflation in 2025.

Donald Trump seemed poised to inherit a relatively strong economy when he begins a second term in the White House in January.

Federal Reserve Vice Chair for Supervision Michael Barr has sought legal advice to explore his options against any attempts by President-elect Donald Trump to remove him, sources said, the latest sign that a conflict might be looming between the incoming administration and the central bank.

Some U.S. colleges and universities are advising international students to return to campus before President-elect Donald Trump is inaugurated.

Trump named Mark Burnett as his pick for special envoy to the U.K., noting Burnett’s career as a producer for shows like “Survivor,” “Shark Tank,” “The Voice” and Trump’s “The Apprentice” in announcing the choice. Burnett is the former chairman of MGM and a 13-time Emmy Award winner.