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📈 All the latest updates on the Stock Market: signals, news, and everything that might move the narrative — all in one place. 😉 We keep an eye on the price; you can just watch us do it. Buy Ads: @JamesCookTg
Russia says 90% of trade settlements with China are conducted in national currencies, and more than 50% with India.
"The dollar has discredited itself."
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Over $1.50 trillion was wiped out from the US stock market today.
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Russia remained the European Union's top Liquified Natural Gas supplier in October, delivering €701.5 million in gas.
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China executes official in $412 million corruption case.
China on Tuesday executed a 64-year-old former official who was convicted of bribery, state media reported.
Li Jianping, who served in the northern Inner Mongolia autonomous region, was convicted of corruption, bribery, misappropriation of public funds, and collusion with a criminal syndicate.
The 64-year-old official was given a death sentence in September 2022, which was upheld in August this year.
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Ethereum Foundation just sold 100 $ETH and has now sold a total of over $12.5 million worth this year
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🚨 ECB’s Rehn Sees Direction Clear on Rates as Inflation Stabilizes
Olli Rehn, a member of the European Central Bank's Governing Council, indicated that interest rates are expected to decline as inflation stabilizes around the 2% target. He emphasized that the direction of monetary policy is now clear, but the pace and extent of rate cuts will depend on incoming data and thorough analysis during each meeting. Rehn also expressed concerns regarding potential risks from U.S. trade policies.
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U.S. Dollar is now used in 49.1% of global payments, the highest level in more than 12 years
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President-elect Trump says Elon Musk's Department of Government Efficiency (DOGE) will eliminate billions in waste and fraud, potentially saving $2 trillion.
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JUST IN: MicroStrategy bought another 15,350 $BTC for $1.5 BILLION
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Bashar al-Assad’s central bank airlifted around $250mn in cash to Moscow in a two-year period when the then-Syrian dictator was indebted to the Kremlin for military support and his relatives were secretly buying assets in Russia.
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China's economy is expected to grow by 5% this year.
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Fewer than 20% of Americans currently earn the annual income required to afford a home 😮
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Bitcoin reaches new all-time high of $104,000. 📈
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🚨 ABC News Pays $15 Million To Settle Donald Trump’s Defamation Suit
ABC News and anchor George Stephanopoulos have settled a lawsuit with Donald Trump, who sued the network over false statements made during an interview. Stephanopoulos incorrectly claimed that a jury found Trump liable for raping E. Jean Carroll; in reality, a jury had found Trump liable for sexual abuse but not for rape. Under the settlement, ABC News will pay $15 million to a future presidential foundation and museum established by Trump, plus $1 million for his attorneys' fees.
As part of the agreement, Stephanopoulos will apologize to Trump, and both parties will avoid court-ordered depositions scheduled for next week. Trump accused ABC News and Stephanopoulos of broadcasting false and harmful statements. A judge had previously declined to dismiss the case, focusing on whether the claims were "substantially true."
Carroll has accused Trump of rape dating back to the mid-1990s, and a New York jury awarded her damages for sexual abuse and defamation. Trump has consistently denied her allegations, calling the verdict part of a "witch hunt."
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Michael Saylor's Microstrategy now owns over 2% of the entire Bitcoin supply.
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Chinese Banks raise mortgage rates for the first time in 3 years
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The US stock market is now worth a record $64 trillion, making it larger than all other global equity markets combined.
The market capitalization of the US equity market has doubled over the last 4 years.
Over the same time period, the value of all other stock markets has increased by ~$10 trillion or a mere 19%.
Furthermore, over the last 10 years, US markets have added $40 trillion in value, doubling the return seen in all other markets combined.
As a result, the US now reflects a record 74% of the MSCI World Index, even surpassing the 1970s high.
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President Biden calls for ban on congressional stock trading.
"Nobody in the Congress should be able to make money in the stock market while they're in the Congress."
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Apple is 5% away from hitting a $4 trillion market cap.
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China’s economy is experiencing its largest financial collapse since its 2002 emergence into the WTO. 10-yr Chinese govt bonds now yield 1.75% and 30-yr bonds are also below 2%. Banks are insolvent and leverage is 350% of ‘reported’ GDP. The first 14 trillion RMB fill a hole.
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Japanese Stocks $EWJ formed a Death Cross for the first time since December 2021. The last one saw stocks enter a bear market with a plunge of more than 30%.
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The market is convinced a soft landing is coming:
The S&P 500 has risen 9% since the Fed began cutting interest rates in September.
In previous rate cut cycles where a recession was avoided, the S&P 500 gained ~3% on average at this point of the cycle.
On the other hand, when the US economy entered a recession, the index was down ~3%.
In other words, the market is now significantly stronger than it was during previous periods when a soft landing was achieved.
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BREAKING: Softbank CEO Masa Son is reportedly visiting the US today to announce a $100 billion investment with President- elect Trump, per CNBC.
The investment will be focused around building out AI and aims to create 100,000 jobs in the US.
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Korean Won is on the verge of falling to its weakest level against the U.S. Dollar since the Global Financial Crisis
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Thailand to study the potential of Bitcoin as legal tender.
Former Thailand Prime Minister says his son, the current PM, "may assign the Ministry of Finance to study whether to accept Bitcoin or not" as legal tender.
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The Taliban showcase $7,000,000,000 worth of US military equipment left behind during the Biden administration's withdrawal from Afghanistan.
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China aims to start commercializing 6G technology by 2030 and expects that the standard-setting for the technology will be achieved by 2025.
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Broadcom $AVGO brought in more than $30B of revenue from its Semcinoductor segment over the past year up from $17.3B in 2020
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