News
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Empty desks and tears mark five colleagues killed in South Korean plane crash
Empty desks and a calendar marking days off after Christmas sit in a South Korean office where five co-workers once planned a holiday to Thailand which ended in tragedy on Sunday when their return Jeju Air flight crashed.Reuters
Tue, Dec 31
Cocoa tops global commodities rally for 2nd year, steel ingredients struggle on China demand
Cocoa prices rise due to supply deficits in West AfricaOil, iron ore face declines in 2025 on weak Chinese demand Gold likely to climb in 2025 on Trump policy risksBy Naveen Thukral and Florence Tan SINGAPORE, Dec 31 (Reuters) - Cocoa and coffee are poised to close 2024 as the biggest gainers amoReuters
Tue, Dec 31
MicroStrategy shares drop 8% after year-end Bitcoin buy, raising concerns over ‘leveraged’ strategy
MicroStrategy shares plunged more than 8% following the recent $209 million purchase of Bitcoin. Investors worry that the company will take on too much debt for these purchases. The Bitcoin purchase happened just an hour before the Nasdaq opened at 2:30 pm UTC. In that hour, MicroStrategy’s stock feCryptopolitan
Tue, Dec 31
Copper gains 4.2% in 2024 as positive China data counters strong dollar
SHANGHAI, Dec 31 (Reuters) - Most base metal prices rose on the last trading day of 2024, with copper posting a 4.2% year-on-year increase, driven by encouraging factory activity data from China that outweighed pressure from a stronger U.S. dollar.
EUR/USD maintains position above 1.0400, volumes remain light on New Year Eve
EUR/USD gains ground on Tuesday, trading near 1.0410 during the Asian session after posting losses on the previous day. The EUR/USD pair's rebound can be attributed to a subdued US Dollar (USD) following weaker Treasury yields.
Fxstreet
Tue, Dec 31
Famed investor Bill Ackman expects Trump to privatize Fannie Mae, Freddie Mac
Investing.com -- Fannie Mae and Freddie Mac surged Monday after famed investor Bill Ackman said he expects President-elect Donald Trump to privatize the two government sponsored enterprises, potentially leading to their public listing around 2026.Investing.com
Tue, Dec 31
UPDATE 5-South Korea court approves arrest of President Yoon in martial law investigation
SEOUL, Dec 31 (Reuters) - A South Korean court gave authorities approval on Tuesday to arrest President Yoon Suk Yeol after he was impeached and suspended from power for imposing martial law , marking the first time that a sitting president of the country has faced arrest.Reuters
Tue, Dec 31
China's Xpeng plans to hire more than 6,000 workers in 2025
BEIJING, Dec 31 (Reuters) - Chinese electric vehicle maker Xpeng 9868.HK will hire more than 6,000 workers in 2025, founder and CEO He Xiaopeng said on Tuesday.He expects market competition to be more intense in 2025 with a price war to begin in January, according to an internal letter reviewed by RReuters
Tue, Dec 31
Ethereum Market Turns Optimistic: Funding Rates Hint At Potential $4K Comeback
Amid the broader decline in the global crypto market, Ethereum emerged as one of the major cryptocurrencies that has been impacted significantly. Despite already being underperformed in the recent bull run, Ethereum has now experienced a notable correction, dropping to as low as below the $3,500 priNewsBTC
Tue, Dec 31
Nvidia to open-source Run:ai after finally closing its acquisition
US chipmaking firm Nvidia has finally closed the $700 million acquisition of Run:ai, an Israeli software company that makes it easier for customers to orchestrate GPU clouds for AI, after facing some regulatory obstacles.Cryptopolitan
Tue, Dec 31
UPDATE 1-Israel, at UN, warns Houthis risk sharing same fate as Hamas, Hezbollah
Israel's ambassador to the United Nations issued on Monday what he called a final warning to Yemen's Iran-backed Houthi militants to halt their missile attacks on Israel, saying they risked the same "miserable fate" as Hamas, Hezbollah and Syria's Bashar al-Assad if they persisted.Reuters
Tue, Dec 31
