Key Points Stellantis automobile manufacturerand Chinese battery giant CATL on Tuesday announced plans to jointly build a €4.1 billion ($4.3 billion) large-scale lithium iron phosphate (LFP) battery plant in Spain. The 50-50 joint venture could reach up to 50 gigawatt hours, subject to the evolution of the electric vehicle market in Europe and necessary government […]

Key Points The S&P 500 and Nasdaq Composite have had three consecutive weeks of gains and closed at records on Friday.President-elect Donald Trump said he does not plan to fire Federal Reserve Chairman Jerome Powell early.Rebel forces seized the Syrian capital of Damascus, apparently ending decades of dictatorship by the Assad family. 1. Dow drags […]

Key Points New York prosecutors have charged Ivy League graduate Luigi Mangione with the murder of UnitedHealthcare CEO Brian Thompson, court records show.The charge came hours after Mangione was arraigned in a Pennsylvania court on weapons and other charges related to his arrest early Monday at a McDonald’s in Altoona, Pennsylvania.Mangione is accused of fatally […]

Stock futures held near the flat line Monday night after both the S&P 500 and Nasdaq Composite retreated from all-time highs. Futures linked to the broad market indexfell 0.07%, while Nasdaq 100 futuresfell 0.07%. Dow Jones Industrial Average Futureslost 26 points, or 0.06%. In extended operations, OracleShares fell more than 7%. The database software company […]

Key Points Ant Group President and CFO Cyril Han will replace Eric Jing as CEO starting next year.The management changes were announced as part of the company’s 20th anniversary celebrations, which also included a speech from Alibaba and Ant Group founder Jack Ma.Ma said the era of artificial intelligence in the next 20 years would […]

Key Points Both China’s exports and imports fell short of expectations in November, with exports rising 6.7% in US dollar terms from a year earlier and imports falling 3.9%, according to data from China’s customs authority. country. China’s exports and imports fell short of expectations in November, with exports rising 6.7% in US dollar terms […]

What you need to know today Syria’s Assad regime collapses after 50 years  Syrian President Bashar Al-Assad reportedly fled to Russia after a rebel advance over the weekend reached the capital city of Damascus, ending 50 years of Assad family rule over Syria. Russian state news agencies Tass and RIA cited an unnamed Kremlin source […]

What you need to know today Nvidia shares fall after China opens investigation Shares of artificial intelligence darling Nvidia were under pressure after a regulator in China said it was investigating the chipmaker for possible violations of the country’s antitrust law. This investigation was in relation to Nvidia’s acquisition of Israeli company Mellanox in 2020 […]

Key Points Sanjay Malhotra will take over as governor of India’s central bank on Tuesday, replacing Shaktikanta Das.Malhotra will take power at a critical time for the world’s third-largest economy, which is trying to contain rising inflation without hurting growth. India has appointed Finance Secretary Sanjay Malhotra as governor of the country’s central bank for […]

Key Points While Yoon survived an impeachment vote in parliament on Saturday, his party’s decision to delegate presidential authority to the prime minister has plunged the key US ally into a constitutional crisis.The main opposition party, the Democratic Party, has called for Yoon to be stripped of authority to control the military.The DP also demanded […]