Bloomberg L.P.
Bitcoin hit a historic high of $109,241, up 5. 5%. The growth came after Donald and Melania Trump launched memecoins that shook up the cryptocurrency market.
The Bloomberg Dollar Index is down 0. 3% after Trump's phone call with the Chinese president. Traders are reducing positions on the US dollar due to limited liquidity on the eve of the inauguration.
New US sanctions have stopped 10% of Russia's shadowy oil transportation fleet. About 65 tankers with Russian oil cannot enter the ports of China and other countries.
Three Russian Arctic oil fields have faced serious disruptions due to US tanker sanctions. The restrictions could lead to a halt in production due to a lack of oil storage capacity.
Global banks are planning to cut about 200 thousand jobs in 3-5 years due to the introduction of AI. According to forecasts, it can increase bank profits by up to 17% in 2027.
Donald Trump said that on the first day of his presidency he would lift Biden's ban on oil and gas drilling in US coastal waters. Biden had previously blocked the development of 625 million acres, considering it risky.
The US President plans to ban the development of oil and gas fields on 625 million acres of coastal territory. The ban will affect the Atlantic and Pacific Oceans and the eastern part of the Gulf of Mexico.
Judge Juan Merchant rejected a motion to overturn the verdict in the case of payments to the porn star, but hinted at avoiding imprisonment. Trump was found guilty of 34 counts of falsifying documents.
The General Staff reports 92 combat engagements per day, 33 of which took place in the Kursk region of Russia. Ukrainian defenders are holding back enemy attacks in various areas and inflicting significant losses on the enemy.
Gas prices in Europe rose by 4. 3% after transit through Ukraine was cut off. Traders predict further price increases due to winter frosts and limited alternative supply routes.
Bitcoin's price dropped to $93,670, $15,000 below its December record. The cryptocurrency is up 120% year-to-date, but expectations for Fed rates have cooled the market.
Ukrainian troops have already lost half of the seized territory in the Kursk region of Russia. According to Bloomberg, due to the lack of manpower and the presence of North Korean troops, the Ukrainian Armed Forces may be forced to retreat by spring.
Elon Musk's fortune is growing rapidly and is approaching the $500 billion mark. In 2024, he earned $245 billion thanks to the growth in the value of his companies' shares.
Experts question the effectiveness of Trump's tax initiatives due to the record $1. 83 trillion budget deficit. Most of the proposed benefits are focused on voters rather than long-term economic growth.
According to Bloomberg, Russia may launch an intermediate-range Oreshnik ballistic missile at Ukraine. The United States does not consider this weapon a game-changer.
Due to the prolonged drought in Brazil, production of Arabica coffee will fall to 34. 4 million bags. The global coffee shortage will continue for the fifth year in a row. This has already led to a historic high in prices since 1972.
McKinsey predicts that by 2030, women will own 38% of the $34 trillion in U. S. investment assets. This growth is driven by women's longer life expectancy, successful careers, and inheritance.
China is introducing new restrictions on the export of key components for the production of UAVs to the United States and Europe. This could significantly affect the production of drones in Ukraine, as China controls 80% of the component market.
Russian distributors use the Texas Instruments API to order chips through third countries. During the year, orders were made for 6 6 million, of which 4 4 million was for military companies.
Gas prices in Europe continue to decline due to mild and windy weather. Storm Darrag increased wind power production, which reduced the use of gas for electricity.
Canada has announced the opening of new consulates in Alaska and Greenland to deepen the Arctic partnership. The decision is aimed at improving relations with the United States and strengthening cooperation with NATO's northern allies.
The chairman of the Budget Committee of the Verkhovna Rada named three factors that may lead to a lack of funds for defense in 2025. UAH 2.2 trillion is provided for the security and defense sector.
The United Kingdom has secretly delivered dozens of Storm Shadow cruise missiles to Ukraine before restrictions on their use are lifted. This is the first delivery of missiles under the premiership of Keir Starmer.
The Biden administration is strengthening Ukraine's position before Trump's possible accession to power. The measures include authorization for strikes against Russia, debt relief, and new sanctions against a Russian bank.
For the first time, Ukraine has used British Storm Shadow cruise missiles to strike Russian territory. Permission to use the missiles was granted in response to Russia's involvement of North Korean troops.
China is canceling a 13% tax rebate on aluminum and copper exports starting December 1. This led to a drop in the shares of Chinese companies, while their international competitors showed growth.
According to G20 countries, North Korea can provide russia with up to 100,000 troops for the war in Ukraine. There are already more than 10,000 North Korean troops in the kursk region.
China's Landbridge Petrochemical plant has purchased 2 million barrels of African oil for delivery in January 2025. This unusual decision is attributed to the possible tightening of sanctions against Iranian oil and rising prices for Russian oil.
Trump's party is projected to have a majority in the US House of Representatives and Senate. This will allow the Republicans to push through the tax cut program and may affect support for Ukraine.
Ukraine's dollar-denominated bonds hit their highest level since the start of the full-scale invasion. The growth is attributed to Trump's statements about a possible early end to the war with Russia.