News
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Rivian rises on report it may expand its pact with Volkswagen
Investing.com -- Volkswagen (ETR:VOWG_p) is exploring ways to strengthen its collaboration with US-based electric vehicle (EV) manufacturer Rivian (NASDAQ:RIVN), the German auto giant’s CEO Oliver Blume told Spiegel magazine in comments published on Friday.Investing.com
Fri, Jan 17
Dogecoin’s Bullish Push Gains Steam, A Retest To $0.4 Ahead
Dogecoin is charging ahead as bullish momentum builds, propelling the price closer to the critical $0.4 resistance level. This surge marks a significant turn in sentiment, with buyers stepping up to reclaim control and drive the cryptocurrency higher.
REFILE-Dutch government excludes most ASML sales to China from 'dual use' export data
Fixes datelineMost ASML China sales excluded from Dutch 'dual use' export dataGovernment says data commercially sensitive, disclosure optionalASML had sales of more than $7 billion to China in 2024By Toby Sterling AMSTERDAM, Jan 17 (Reuters) - The Dutch government excludes billions of euros of sa...Reuters
Fri, Jan 17
Crypto Fear And Greed Index Barrels Toward Extreme Greed Again As Bitcoin Price Clears $101,000, Is This Good News?
The Bitcoin price has once again pushed above the $100,000 level after three consecutive days of price increases. Particularly, Bitcoin’s return above $100,000 comes on the back of a 12.5% increase after it bounced off the $90,000 support level on Monday, January 13.
US auto safety regulator closes probe into nearly 7,000 Fisker electric SUVs
Jan 17 (Reuters) - The U.S. auto safety regulator closed its probe into 6,971 Fisker Ocean SUVs on Friday over inadvertent activation of the automatic emergency braking system, as it does not expect to get further information from the bankrupt EV maker.Reuters
Fri, Jan 17
TD Cowen upgrades SAP stock to Buy, expects valuations to rise on strong growth
Investing.com -- TD Cowen upgraded SAP SE ADR (NYSE:SAP) stock to Buy from Hold and raised its price target to $305 from $240. Analysts at the bank cited SAP's resilient stock appreciation and growth execution in 2024, along with a positive outlook for the years ahead.Investing.com
Fri, Jan 17
Scott Bessent rejects U.S. CBDC, signaling possible policy shift
In a Thursday Senate confirmation hearing, President-elect Donald Trump’s Treasury Secretary nominee, Scott Bessent, dismissed the idea of a U.S. central bank digital currency (CBDC), easing the concerns some crypto observers have held for a long time.
Trump tees up aggressive anti-immigration push in first hours of administration, CNN reports
Jan 17 (Reuters) - US President-elect Donald Trump's team is finalizing an aggressive slate of executive orders on immigration that are expected to be issued hours after he is sworn in, CNN reported on Friday, citing two people familiar with the matter.Reuters
Fri, Jan 17
WRAPUP 5-China's economy meets official growth target, but many feel worse off
Adds Nomura comments in paragraphs 12-13, growth forecasts in paragraph 31China's Q4 GDP grows 5.4% y/y, beating market forecast2024 GDP expands 5.0%, meeting the government's targetBut growth was unbalanced, led by industry and exportsConsumption lags as workers faces uncertainties2025 outlook clou...Reuters
Fri, Jan 17
Kremlin says US stance on Russian oil sanctions unlikely to change
MOSCOW, Jan 17 (Reuters) - The Kremlin said on Friday it does not expect the United States to soften its position on sanctions against Russian oil once President-elect Donald Trump takes office, despite his administration's readiness for dialogue on the Ukraine war.
Reuters
Fri, Jan 17
‘Grand Bull Market’ For Cardano? Analyst Declares The Bottom Is In
Veteran trader Peter Brandt has suggested that Cardano (ADA) has “bottomed” and is preparing for a “grand bull market,” which has brought the cryptocurrency into the limelight. Brandt’s analysis, which carries weight in trading circles, has elicited enthusiasm among investors in ADA.
Higher US LNG exports under Trump will benefit Japan, says utilities chief
TOKYO, Jan 17 (Reuters) - A potential increase in U.S. fossil fuels production and liquefied natural gas exports under Donald Trump's incoming presidency could result in lower fuel prices, benefiting Japan, the head of the country's utilities federation said on Friday.Reuters
Fri, Jan 17
ECB’s Stournaras: Policy should continue with a series of rate cuts at the next meetings
European Central Bank (ECB) Governing Council member Yannis Stournaras said on Thursday that “policy should continue with a series of rate cuts at the next meetings.” Additional quotes Our moves should be gradual and cautious based on the available data.Fxstreet
Fri, Jan 17
TikTok, five other Chinese firms hit by EU privacy complaints
STOCKHOLM/BRUSSELS, Jan 17 (Reuters) - TikTok, Shein, Xiaomi 1810.HK and three other Chinese companies were named in a privacy complaint filed on Thursday by Austrian advocacy group Noyb, which alleged the firms were unlawfully sending European Union user data to China.Reuters
Fri, Jan 17
Gold poised for third weekly gain on renewed hopes of Fed rate cuts
Fed's Waller says 3 or 4 rate cuts possible this yearSilver on track for third weekly gain in a rowPalladium faces biggest weekly decline since August Trump set to begin his second term next week Updates with mid-session trading movesBy Rahul Paswan Jan 17 (Reuters) - Gold prices hovered near a f...Reuters
Fri, Jan 17
