According to state-owned news in China, gold has been found in a city in Hunan province, with an estimated value of around $83 billion.
The Commodity Futures Trading Commission has recommended expanding the use of tokenization, mentioning digital bonds from EU as an efficient collateral example.
According to research from Avaloq, 55% of UK investors who participated would not use AI in any form for investment advice, while only 7% would fully rely on AI.
A DHL Boeing 737 cargo plane has crashed into a house near Vilnius Airport. One person has died in the accident. DHL Group has yet to comment.
TotalEnergies, BP, Shell, and Equinor have committed $500 million of capital to fund high impact projects in Southeast Asia and in Sub-Saharan Africa.
Senator Cynthia Lummis has proposed creating a strategic reserve of BTC for the U.S. If the plan is implemented, 1 million BTC will be held by the U.S. government.
Scott Bessent has been chosen as U.S. Treasury Secretary to implement new tax reforms. Scott Bessent has worked with George Soros and Jim Chanos in the finance industry before.
Germany's technology and services company, BOSCH, has stated that it will decrease its headcount by more than 5,500 full-time employees in the next few years.
ECB chief economist Philip Lane has stated that policymakers shouldn't hesitate to create looser monetary policy to boost economic growth, by lowering interest rates.
The US retailer has expressed concern over upcoming potential tariffs that have been proposed by Donald Trump. The firm might not be able to import cheap goods from abroad for prior prices.
Volkswagen has appointed the former Rivian executive Kjell Gruner as head of VW American unit, as the German carmaker faces issues with negotiating with the United Auto Workers union.
Goldman Sachs has revealed that the bank expects S&P 500 to reach 6,500 by the end of 2025.
It has been observed that the financial markets expect an interest rate hike in Japan, as investors have been selling bonds and buying banking sector shares.
MicroStrategy has raised $3 billion through the sale of 0% convertible senior notes, to purchase more Bitcoin.
Gary Gensler, the Chair of the U.S. Securities and Exchange Commission, has decided to step down from his position. January 20 will be his last day as chairman of the SEC.
In November, US homebuilding sentiment has risen to a high level not observed since April, as the market expects more demand due to lower interest rates.
For the fifth consecutive month, Japan's manufacturing PMI has been in contraction. Overall economic sentiment has been impacted by significantly stagnant demand, weak business confidence, and rising costs.
U.S. regulators are calling for drastic penalties against Google, including the sale of its Chrome browser and restrictions on Android, following a ruling that the company holds a monopolistic control over the search engine market.
On November 21th, the Office for National Statistics reported the monthly retail sales figures. Estimated number was -0.3%, actual number was -0.7%.
The founder of Archegos Capital Management, Bill Hwang, received an 18-year prison sentence for fraud involving securities and market manipulation.
As part of a 17,000 thousand job cut, Boeing has already fired more than 2,500 employees in four US states.
The San Francisco Federal Reserve has commented that it has found that the US labour market is still increasing inflation in the country, as salaries continue to rise.
Chief Executive Officer of the carmaker Stellantis Carlos Tavares has recently stated that the company will adapt to potential changes by the incoming US administration. Namely, a stop to the EV tax credit would not hurt the firm, as it offers hybrid, has and electric versions of its vehicles.
The producer of Evian mineral water has won a lawsuit against consumers who sued the firm after Danone claimed that its water production is carbon-neutral. A judge has ruled that consumers had not understood the label.