Fed Succesor Would Protect Bank’s Independence
On Wednesday, Federal Reserve Governor Christopher Waller, who is a candidate to succeed Jerome Powell next year, said he would “absolutely” defend the central bank’s independence if challenged by a U.S. president. Waller, who will speak with President Donald Trump about replacing Powell next May, said the president and Fed chief can discuss their opinions…
Trump Policies Hit EV Markets, Ford Cancel Battery Contract
South Korea’s LG Energy Solution reported on Wednesday that Ford Motor has terminated a 9.6 trillion won ($6.50 billion) EV battery-supply arrangement. In a regulatory statement, the South Korean battery producer said the termination followed Ford’s notification to suspend manufacturing of various EV models owing to legislative changes and EV market projection revisions. LGES signed…
AI Start to show its value
European bank shares to rise in 2026 after a solid 2025, driven by strong profitability and, critically, AI cost savings.Despite a complex backdrop, investors have become more optimistic about European banks as recession fears and European Central Bank interest rate cuts have eased. “A lot of the AI story has been focused on the revenue…
An Approval For Digital Asset Into Banking System
Ripple and Circle gained preliminary approval from a leading U.S. financial regulator to establish national trust banks on Friday, a dramatic move that could further incorporate digital assets into the banking system. The Office of the Comptroller of the Currency conditionally approved Circle and Ripple’s two new national trust bank charters and BitGo, Paxos, and…
Will AI Become The Next Gold? Big Investor Start To Hunting
Big investors at Abu Dhabi Finance Week expressed concern over AI-related businesses’ high valuations but said infrastructure investment is important to the sector’s long-term development. In recent months, tech giants including Alphabet (GOOGL.O), Meta (META.O), and Oracle (ORCL.N) have rushed to debt markets to keep up with AI, raising concerns about an AI bubble. “We…
Silver Touch New All Time High On This Years
Gold held steady on Thursday as the U.S. Federal Reserve agreed to lower borrowing costs by a quarter-percentage point but paused further rate reduction, while silver hit another new high. Spot gold rose 0.1% to $4,233.39 per ounce at 10:05 a.m. ET (1505 GMT), while February U.S. gold futures rose 0.1% to $4,262.60. As they…
FED May Cut Rates With FOMC Coming
The U.S. Federal Reserve is anticipated to decrease interest rates on Wednesday as officials work through economic data gaps caused by the government shutdown and competing economic risk assessments. The anticipated quarter-percentage-point cut may come with a non-committal or even hawkish approach to next year’s rate path due to policymakers’ division between those skeptical about…
China’s Annual Car Sales Drop 8.5% This Year
On Monday, data indicated that China’s annual car sales fell 8.5% in November, a second straight monthly dip and the worst drop in 10 months, amid a decline in vehicle purchases before government incentives expire.After October’s 0.8% drop, China Passenger Car Association figures showed 2.24 million car sales last month. Cui Dongshu, the industry body’s…