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Oil prices rise on reports of new US sanctions on Russia, Venezuela blockade
US prepares more Russian energy sanctions if Moscow rejects peace deal, Bloomberg reportedVenezuela's PDVSA resumes loading after cyberattack, most exports on hold Trump announced blockade of sanctioned tankers on Tuesday, enforcement unclearVenezuelan crude accounts for 1% o...Reuters
54 minutes ago
Elliott takes over $1 billion stake in Lululemon, source says
Elliott's stake in Lululemon is over $1 billionActivist sees former Ralph Lauren exec as potential Lululemon CEO Elliott is now one of Lululemon's biggest investorsBy Svea Herbst-Bayliss and Shivani Tanna Dec 17 (Reuters) - Activist investor Elliott Management has amassed a stake of more ...Reuters
59 minutes ago
Trump expected to address potential easing of marijuana regulations on Thursday
Trump considers executive order to reclassify marijuanaCannabis stocks rise on potential policy changeIndustry optimistic about federal marijuana reschedulingBy Trevor Hunnicutt WASHINGTON, Dec 17 (Reuters) - President Donald Trump is expected to address the potential loosening of federal regulat...Reuters
2 hours ago
Bitcoin’s Make-or-Break Phase Begins: Weekly Support Holds, Momentum Fades
Bitcoin has entered a critical make-or-break phase as price clings to key weekly support while momentum continues to fade. Despite holding above a major confluence zone, repeated rejections overhead suggest buyers are losing control. With macro pressure building and liquidity levels still untested, ...NewsBTC
2 hours ago
With freebies, OpenAI, Google vie for Indian users and training data
Gemini, ChatGPT see surge in downloads and daily users in IndiaFree AI trials aim to create user reliance and fill data gapsChatGPT has 73 million daily users in India, twice its US base, Sensor Tower saysAI firms hope to leverage India's linguistic diversity for training dataBy Munsif Vengattil...Reuters
2 hours ago
Japan's Nikkei slips to 3-week low on tech sell-off over AI-business outlook
By Junko Fujita TOKYO, Dec 18 (Reuters) - Japan's Nikkei share average slipped to a three-week low on Thursday, pressured by heavyweight tech stocks as investors weighed the outlook for artificial intelligence and data centre businesses. The Nikkei .N225 was down 1.4% at 48,830.26, as of 0120...Reuters
2 hours ago
Oil rises as Trump's Venezuela blockade takes edge off global crude surplus concerns
Trump orders blockade on tankers under sanctions entering and leaving VenezuelaThere is uncertainty around implementation of Trump's blockadeUS crude stocks fell last week, but fuel inventories rose more than expected: EIABy Laila Kearney NEW YORK, Dec 17 (Reuters) - Oil prices rallied by mor...Reuters
8 hours ago
MetaX soars 700% in debut as China AI chips push lures investors
Debut follows IPO 4,000 times oversubscribed by retail investorsAI chip firms in funding rush as China seeks to cut US relianceFund managers warn about "forth" in share prices SHANGHAI, Dec 17 (Reuters) - MetaX Integrated Circuits jumped 700% in its Shanghai market debut as the Chinese AI...Reuters
20 hours ago
Amazon in talks to invest about $10 billion in OpenAI, source says
Amazon could invest $10 billion in OpenAI, talks are "fluid" Amazon's funding could value OpenAI at over $500 billonTalks underline OpenAI's ability to partner widely after restructuring Dec 16 (Reuters) - Amazon.com Inc AMZN.O is in talks to invest in ChatGPT-maker OpenAI in a p...Reuters
21 hours ago
China and HK stocks edge higher, poised to snap two-day losing streak
SHANGHAI, Dec 17 (Reuters) - Mainland China and Hong Kong stocks edged higher on Wednesday, poised to break a two-day losing streak, as investors assessed delayed U.S. economic data for clues on the Federal Reserve's policy path next year. At the midday break, the benchmark Shanghai Composi...Reuters
23 hours ago
California regulator puts Tesla sales suspension order on hold
DMV says 90-day stay is to give Tesla time to remedy situationStay comes immediately after DMV ordered 30-day sales suspensionDMV had accused Tesla of overstating self-driving capabilitiesBy Abhirup Roy and Chris KirkhamSAN FRANCISCO, Dec 16 (Reuters) - A California regulator has deferred an order f...Reuters
Wed, Dec 17
CORRECTED-Apple in talks with Indian chip makers for assembly, packaging of iPhone parts, ET reports
Dec 17 (Reuters) - Apple AAPL.O is in preliminary talks with some Indian chip manufacturers for the assembly and packaging of iPhone component, local newspaper Economic Times reported on Wednesday, citing people with knowledge of the matter.Reuters could not immediately verify the report.Reuters
Wed, Dec 17
Liquidity pools into Binance as volatility returns
Fresh data from CryptoQuant shows Binance, the world’s largest crypto exchange tightening its grip on spot and derivatives trading, setting new records. The activity surge comes as on-chain and options metrics suggest investors are repositioning for a more active market environment.Cryptopolitan
Wed, Dec 17
Ripple (XRP) Holders To Wait Longer For Profits As Experts Call This Cheap Crypto December’s Hidden Gem
Ripple investors have been dealing with a pattern that is only too familiar, where the price is falling behind the influx of capital as well as the development of infrastructure.Cryptopolitan
Wed, Dec 17
What The Clarity Act Means For Ripple And XRP Once Done
Although the anticipated crypto market structure bill, also known as the CLARITY Act, has not yet been passed into law, its proposed framework is already influencing conversations around how major cryptocurrencies could be classified and regulated in the future. The implications could be particularl...Bitcoinist
Wed, Dec 17
