Biden-Harris administration announces a $1,000,000,000 taxpayer funded financial package for the "Ecuadorian Amazon."
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Amazon workers officially begin nationwide strike, marking the largest strike against Amazon in US history.
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🥊 Usyk VS Fury
British GIANT Tyson Fury will go out for a REVENGE against the absolute world champion Alexander Usyk.
@WheelOfWhales — gives you the opportunity to bet their coins on this fight, DO NOT MISS your chance to increase the number of your coins, because you can sell them in future 💰
💲December 21 you can pick them up!
Chinese Banks raise mortgage rates for the first time in 3 years
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The US stock market is now worth a record $64 trillion, making it larger than all other global equity markets combined.
The market capitalization of the US equity market has doubled over the last 4 years.
Over the same time period, the value of all other stock markets has increased by ~$10 trillion or a mere 19%.
Furthermore, over the last 10 years, US markets have added $40 trillion in value, doubling the return seen in all other markets combined.
As a result, the US now reflects a record 74% of the MSCI World Index, even surpassing the 1970s high.
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President Biden calls for ban on congressional stock trading.
"Nobody in the Congress should be able to make money in the stock market while they're in the Congress."
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China’s economy is experiencing its largest financial collapse since its 2002 emergence into the WTO. 10-yr Chinese govt bonds now yield 1.75% and 30-yr bonds are also below 2%. Banks are insolvent and leverage is 350% of ‘reported’ GDP. The first 14 trillion RMB fill a hole.
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Japanese Stocks $EWJ formed a Death Cross for the first time since December 2021. The last one saw stocks enter a bear market with a plunge of more than 30%.
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The market is convinced a soft landing is coming:
The S&P 500 has risen 9% since the Fed began cutting interest rates in September.
In previous rate cut cycles where a recession was avoided, the S&P 500 gained ~3% on average at this point of the cycle.
On the other hand, when the US economy entered a recession, the index was down ~3%.
In other words, the market is now significantly stronger than it was during previous periods when a soft landing was achieved.
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BREAKING: Softbank CEO Masa Son is reportedly visiting the US today to announce a $100 billion investment with President- elect Trump, per CNBC.
The investment will be focused around building out AI and aims to create 100,000 jobs in the US.
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Korean Won is on the verge of falling to its weakest level against the U.S. Dollar since the Global Financial Crisis
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Ripple to donate $5 million in $XRP to President-elect Trump's inaugural fund.
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Rumble announces $775 million investment from Tether $USDT
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President-elect Trump says the "United States will cut hundreds of billions of dollars in spending next year."
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Russia says 90% of trade settlements with China are conducted in national currencies, and more than 50% with India.
"The dollar has discredited itself."
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Over $1.50 trillion was wiped out from the US stock market today.
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Russia remained the European Union's top Liquified Natural Gas supplier in October, delivering €701.5 million in gas.
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China executes official in $412 million corruption case.
China on Tuesday executed a 64-year-old former official who was convicted of bribery, state media reported.
Li Jianping, who served in the northern Inner Mongolia autonomous region, was convicted of corruption, bribery, misappropriation of public funds, and collusion with a criminal syndicate.
The 64-year-old official was given a death sentence in September 2022, which was upheld in August this year.
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Ethereum Foundation just sold 100 $ETH and has now sold a total of over $12.5 million worth this year
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🚨 ECB’s Rehn Sees Direction Clear on Rates as Inflation Stabilizes
Olli Rehn, a member of the European Central Bank's Governing Council, indicated that interest rates are expected to decline as inflation stabilizes around the 2% target. He emphasized that the direction of monetary policy is now clear, but the pace and extent of rate cuts will depend on incoming data and thorough analysis during each meeting. Rehn also expressed concerns regarding potential risks from U.S. trade policies.
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U.S. Dollar is now used in 49.1% of global payments, the highest level in more than 12 years
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President-elect Trump says Elon Musk's Department of Government Efficiency (DOGE) will eliminate billions in waste and fraud, potentially saving $2 trillion.
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JUST IN: MicroStrategy bought another 15,350 $BTC for $1.5 BILLION
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Bashar al-Assad’s central bank airlifted around $250mn in cash to Moscow in a two-year period when the then-Syrian dictator was indebted to the Kremlin for military support and his relatives were secretly buying assets in Russia.
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Fewer than 20% of Americans currently earn the annual income required to afford a home 😮
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