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🇨🇳 🇸🇦 China & Saudi Arabia ditch US dollar to sign a 50bn Yuan currency swap for trade.
This allows China to start buying oil outside US controlled financial system.
@Fin_Watch
📣 Microsoft's $MSFT Copilot AI assistant is now available on Androids - Engadget
@Fin_Watch
🚨ALERT: M2 is contracting at the deepest levels since 1960.
The M2 money supply is a crucial indicator of economic activity.
M2 represents the total amount of money in circulation.
Including cash, checking and savings deposits, and other types of deposits that are readily convertible to cash.
As the M2 money supply expands, it indicates increased liquidity and potential for economic growth.
Conversely, a decline in M2 signals tightening liquidity and potential economic slowdown.
Currently, M2 is contracting at -3.3%, its first contraction in 60+ years.
@Fin_Watch
BREAKING‼️ Grayscale Chairman Barry Silbert has resigned, as SEC approval of Bitcoin ETFs expected by January 10
@Fin_Watch
📣 Dow Jones Industrials hit its 3rd most overbought level in the last 23 years last week and still remains in highly overbought territory
@Fin_Watch
🇺🇸 110 years ago, the Federal Reserve was created.
Since then, the US dollar has lost over 97% of its value.
@Fin_Watch
💰 The 13th spot #Bitcoin ETF applicant, Pando Asset, files an amendment to their S-1 after yesterday’s call with the SEC
@Fin_Watch
🇺🇸 US households are now sitting on an 'unprecedented' $18 trillion in liquid assets, per BI
@Fin_Watch
BREAKING: 🇨🇳 Tencent's stock crashes 16% in minutes as China announces guidelines aimed reducing "excessive gaming."
Tencent is China's largest public company and the drop erased ~$55 billion of market cap.
@Fin_Watch
🇪🇺 EU Commission starts formal proceedings against Elon Musk's platform X (Twitter) citing "disinformation, illegal content, deceptive design.
@Fin_Watch
🇺🇸 Inflation will fall to almost 2% in 2024 according to the Congressional Budget Office
@Fin_Watch
📣 Sam Altman explains what happened during the past few weeks at #OpenAI
"As we get closer and closer to superintelligence, everybody involved gets more stressed and more anxious."
@News_Ai
📣 Costco $COST sold more than $100 Million worth of gold bars last quarter - CNBC
@Fin_Watch
🇺🇸 Mortgage rates are down over 80 basis points over the last 6 weeks.
According to Bloomberg, the average 30-year mortgage is now down to 7.27%. It peaked at 8.09% on October 30th as the 10-year note yield hit 5%.
@Fin_Watch
🔥🔥JUST IN: 🇺🇸 Former President Trump says the US will have "one of the greatest economic years the nation has ever recorded" if elected in 2024.
@Fin_Watch
📉 Pfizer $PFE is now trading at its lowest level in more than 10 years
@Fin_Watch
🇦🇪 UAE-based Bitcoin mining ⛏ firm Phoenix Group PLC orders mining equipment valued at $136M, with an additional option worth $246M, from Whatsminer ASICs maker Microbt.
@Fin_Watch
🇪🇺 🥇 #Bitcoin has surged 166% since the European Central Bank said it was on the 'road to irrelevance'
@Fin_Watch
