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US House Votes To Repeal Senate January 6 Provision Bares Fresh Republican Rift

US House Votes To Repeal Senate January 6 Provision Bares Fresh Republican Rift

The Republican-controlled U.S. House of Representatives voted unanimously on Wednesday to repeal a controversial provision allowing senators to sue federal investigators for $500,000 over unannounced phone record searches, the latest sign of fraying Republican unity 10 months into President Donald Trump's second term.

Winkelmann

South Korea’s Steel Capital Pohang Plunges into Its Worst Crisis in 50 Years

South Korea’s Steel Capital Pohang Plunges into Its Worst Crisis in 50 Years

Once the heart of Korea’s industrial rise, Pohang now faces a historic downturn as POSCO and Hyundai Steel shutter core operations amid a dual blow from Chinese steel oversupply and U.S. trade barriers....

Gerik

Global tech stocks climb as Nvidia results spark relief rally soothing AI bubble concerns

Global tech stocks climb as Nvidia results spark relief rally soothing AI bubble concerns

Global tech stocks jumped after Nvidia’s strong results eased AI-bubble fears, boosting semiconductor and Big Tech shares worldwide, though analysts warned that rising debt and tight AI-sector linkages still pose risks.

Adam

U.S. Nonfarm Payrolls Rose 119,000 in September; Unemployment Rate Rose to 4.4%

U.S. Nonfarm Payrolls Rose 119,000 in September; Unemployment Rate Rose to 4.4%

The U.S. economy added more jobs than anticipated in September, although the unemployment rate unexpectedly rose, adding to the uncertainty surrounding the Federal Reserve's policy meeting in December.

Michelle

Oil Nudges Higher Ahead of Looming Russia Sanctions Deadline

Oil Nudges Higher Ahead of Looming Russia Sanctions Deadline

Oil prices inched higher as markets braced for imminent U.S. sanctions on Rosneft and Lukoil, disrupting Russian crude flows. EU considers further curbs while geopolitical tensions add a modest risk premium.

Adam

Bitcoin Futures Traders Refuse to Capitulate Even as BTC Price Drops to $89K

Bitcoin Futures Traders Refuse to Capitulate Even as BTC Price Drops to $89K

Bitcoin derivatives remain stable despite BTC revisiting the $89,000 level. Is the futures market’s resilience an early hint that traders expect a price reversal?

Warren Takunda

USA EIA Raises WTI Oil Price Forecasts

USA EIA Raises WTI Oil Price Forecasts

The U.S. Energy Information Administration increased its West Texas Intermediate (WTI) spot average price forecast for 2025 and 2026.

Glendon

Natural Gas and Oil Forecast: Markets Rebound After 3.4M-Barrel Draw Shifts Sentiment

Natural Gas and Oil Forecast: Markets Rebound After 3.4M-Barrel Draw Shifts Sentiment

Oil and natural gas rebound after a strong 3.4M-barrel U.S. draw boosts sentiment. Natural gas stays bullish in an ascending channel, while WTI and Brent consolidate in symmetrical triangles awaiting breakouts.

Adam

BlackRock’s Bitcoin ETF Sees Record $523 Million Outflow Amid Market Turmoil

BlackRock’s Bitcoin ETF Sees Record $523 Million Outflow Amid Market Turmoil

The iShares Bitcoin Trust (IBIT) by BlackRock faced a record $523 million single-day outflow on November 18, signaling heightened investor pessimism as Bitcoin plummeted nearly 30% from its all-time high....

Gerik

Swiss Watch Exports Fell Again In October Amid US Trade Tariffs

Swiss Watch Exports Fell Again In October Amid US Trade Tariffs

Swiss watch exports fell for a third month as US President Donald Trump's trade tariffs continued to weigh on the industry.

Justin

Ukraine Faces Pressure as Reports Emerge of U.S.–Russia Backchannel Peace Plan with Major Concessions

Ukraine Faces Pressure as Reports Emerge of U.S.–Russia Backchannel Peace Plan with Major Concessions

Reports of a secret 28-point peace plan between the U.S. and Russia have placed Ukraine in a politically vulnerable position, raising concerns over territorial concessions, exclusion from negotiations, and potential geopolitical fallout....

Gerik

Nvidia’s results, Walmart, nonfarm payrolls - what’s moving markets

Nvidia’s results, Walmart, nonfarm payrolls - what’s moving markets

Nvidia’s blowout earnings lifted U.S. futures and eased AI-bubble fears, while investors await Walmart results and a crucial delayed payrolls report. Oil rises on U.S. inventory draws as markets reassess Fed-cut odds.

Adam

Russia Says Ukraine Peace Plan Must Address Root Causes

Russia Says Ukraine Peace Plan Must Address Root Causes

The Kremlin stated on Thursday that any peace plan for Ukraine would need to address the root causes of the conflict, while confirming that despite ongoing contacts with the United St...

Michelle

Nvidia’s Blowout Earnings Ignite Global Tech Rally, Easing Fears of AI Bubble Burst

Nvidia’s Blowout Earnings Ignite Global Tech Rally, Easing Fears of AI Bubble Burst

Nvidia’s 62% revenue surge and upbeat guidance triggered a broad-based rally in tech stocks across Asia, Europe, and the U.S., calming investor concerns that the AI-driven rally may have overheated....

Gerik

European Midday Briefing: Shares Climb as Nvidia Earnings Ease AI Fears

European Midday Briefing: Shares Climb as Nvidia Earnings Ease AI Fears

European stocks climbed as Nvidia’s strong earnings eased AI-bubble fears. A hawkish Fed, a strong dollar, and upcoming NFP data shaped sentiment, while commodities diverged and corporate headlines added support.

Adam

What to Expect From the US Jobs Report After Lengthy Data Blackout?

What to Expect From the US Jobs Report After Lengthy Data Blackout?

Economists are predicting that 50,000 employees were hired in September, a slow improvement from August. The jobs report will be the final complete monthly update before the Fed's interest rate decision in December.

Warren Takunda

Nigeria on Edge As Trump Threatens Sanctions And Military Action {Business Africa}

Nigeria on Edge As Trump Threatens Sanctions And Military Action {Business Africa}

Nigeria's financial markets have entered turbulent waters following threats of sanctions and possible military action from U.S. President Donald Trump. The remarks, made in response to what he described as Nigeria's failure to protect Christian communities, sent immediate shockwaves across Africa's largest economy.

Glendon

Markets Today: NFP in Focus as Rate Cut Bets Tumble, NVIDIA Earnings Boost Sentiment

Markets Today: NFP in Focus as Rate Cut Bets Tumble, NVIDIA Earnings Boost Sentiment

Nvidia’s strong earnings boosted global equities, lifting Asian and European tech stocks. Meanwhile, a stronger US dollar, softer yen, and rising oil shaped markets as investors awaited the delayed US jobs report.

Adam

BOJ Policymaker Calls For Raising Interest Rates

BOJ Policymaker Calls For Raising Interest Rates

The Bank of Japan (BOJ) must continue to normalise monetary policy by raising real interest rates to "a state of equilibrium" to avoid creating unintended distortions in the future, board member Junko Koeda said on Thursday.

Samantha Luan

Pound Back Under Pressure

Pound Back Under Pressure

Pound sterling's recovery proved short-lived.

Warren Takunda

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