Share Market News

The Dow Jones Industrial Average experienced a notable increase, unofficially closing up 342.32 points. This represents a 0.79 percent rise, bringing the index to 43,495.45. The substantial point gain indicates a positive day for the stock market, reflecting investor optimism and favorable market conditions.

The Federal Reserve has withdrawn its membership from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). This decision marks a significant shift in the Fed's approach to climate-related financial risks. The NGFS is an international group of central banks and financial supervisors collaborating on climate change issues in the financial sector. The Fed's withdrawal may indicate a change in its priorities or strategy regarding climate-related financial policies.

The Biden administration is reportedly preparing to hand over control of the $52 billion CHIPS program to a potential Trump administration. This program, aimed at boosting domestic semiconductor manufacturing, represents a significant investment in U.S. technology infrastructure. The preparation for a potential transition suggests adherence to standard government protocols, regardless of political differences. This move highlights the ongoing importance of the semiconductor industry in national economic and security strategies.

The Baker Hughes U.S. oil rig count has decreased to 478, down from the previous count of 480. This indicates a slight reduction in active oil drilling operations in the United States.

Baker Hughes reports that the total rig count in the United States has decreased to 580, down from the previous count of 584. This indicates a slight reduction in drilling activity in the U.S. oil and gas sector.

The Palestinian Authority has declared its willingness to assume full responsibility for governance in Gaza. This announcement comes amid ongoing conflicts in the region and suggests a potential shift in the political landscape of the Palestinian territories. The statement implies the Palestinian Authority's intent to extend its administrative control from the West Bank to Gaza, which has been under separate governance for years.

Bitcoin, the leading cryptocurrency, has experienced a significant price increase. The digital asset rose by 5.06%, reaching a value of $105,205.64. This upward movement indicates strong bullish sentiment in the crypto market and potentially growing investor confidence in Bitcoin.

The Trump administration is organizing a meeting of foreign ministers from the Quadrilateral Security Dialogue (Quad) countries. The Quad consists of the United States, Japan, Australia, and India. This high-level diplomatic gathering suggests a focus on strategic cooperation in the Indo-Pacific region, likely addressing shared interests and concerns among the four nations.

The Congressional Budget Office (CBO) has updated its economic projections. For 2025, the CBO now forecasts U.S. real GDP growth at 1.9%, slightly lower than its previous June forecast of 2.0%. Looking further ahead, the CBO predicts an average GDP growth of 1.9% for the period 2024-2034. Regarding 10-year U.S. Treasury yields, the CBO anticipates a rate of 4.1% in 2025, with an average of 3.9% for the 2024-2034 period.

The Congressional Budget Office (CBO) has updated its deficit projections. For fiscal year 2025, the deficit is now forecast at 6.2% of GDP, slightly lower than the 6.4% projected for FY 2024. The CBO also predicts an average deficit of 5.8% for fiscal years 2026-2035. Compared to its June estimate, the FY 2025 deficit forecast has been reduced by $73 billion. For FY 2026, the deficit is now projected at $1.713 trillion, down from the previous estimate of $1.851 trillion.

The Congressional Budget Office (CBO) has released forecasts for the U.S. fiscal outlook. The budget deficit is expected to increase from $1.832 trillion in fiscal year 2024 to $1.865 trillion in fiscal year 2025. Additionally, the CBO projects that public debt will reach 99.9% of GDP in 2025 and continue to rise, reaching 118.5% of GDP by fiscal year 2035, based on current laws.

Former President Donald Trump has made statements regarding his plans for Inauguration Day. He declared that all other events will proceed as scheduled. Additionally, Trump announced his intention to join the crowd at Capital One Arena following his swearing-in ceremony.

Former President Donald Trump has declared two significant changes to traditional inauguration proceedings. He stated that he has ordered the inaugural address to be delivered in the United States Capitol Rotunda, rather than the customary outdoor location. Additionally, Trump announced that the presidential parade will be held at Capital One Arena, deviating from the usual route along Pennsylvania Avenue. These unconventional choices, if implemented, would mark a departure from long-standing inaugural traditions.

CNN reports that the upcoming inauguration ceremony for President-elect Donald Trump will be moved to an indoor location due to forecasted cold weather conditions. This change in venue is likely aimed at ensuring the comfort and safety of attendees and participants during the event.

Major European stock indices experienced significant upward movement. The UK's FTSE 100 led the gains with a 1.36% increase, followed by Germany's DAX rising 1.17%. France's CAC 40 also showed strong performance with a 1.03% increase, while Spain's IBEX had a more modest gain of 0.59%. This widespread positive trend suggests a favorable day for European equities across multiple markets.

Former President Donald Trump has responded to a recent Supreme Court decision regarding TikTok. He stated that the decision was expected and emphasized that everyone must respect it. Trump also mentioned that he will make his own decision about TikTok in the near future, though he did not provide specific details or a timeline.

Billionaire Frank McCourt stated in a CNBC interview that the conditions for a potential TikTok sale, as outlined by the Supreme Court, have been met. This comment suggests ongoing discussions about the future of the popular social media platform TikTok in the United States, potentially involving legal and regulatory considerations.

Qatar's Prime Minister has stated that the current Israel-Hamas ceasefire deal represents the 'last chance for Gaza'. This statement underscores the urgency and significance of the ongoing negotiations, suggesting that failure to reach a sustainable agreement could lead to further escalation of the conflict. The involvement of Qatar, a key mediator in the region, highlights the international diplomatic efforts to bring about a resolution to the Gaza crisis.

The U.S. Federal Trade Commission has filed a lawsuit against PepsiCo, alleging violations of the Robinson-Patman Act. The suit claims that PepsiCo offered discounts to Walmart that potentially constituted illegal price discrimination. This action highlights regulatory scrutiny of pricing practices in the retail sector and could have significant implications for large-scale supplier-retailer relationships.

In a bipartisan move, Democratic senators have provided crucial votes to advance a Republican-sponsored bill focusing on migrants accused of crimes. The legislation is still in the voting process, indicating ongoing deliberations in the Senate. This development suggests a potential shift in immigration policy discussions and highlights areas of possible cooperation between the two parties on this contentious issue.

President Trump has not announced his decision regarding the future of TikTok, the popular video-sharing app. The lack of a clear statement from the President leaves uncertainty about potential actions or restrictions that may be imposed on the platform in the United States.

In an interview with CNN, President Trump stated that the ultimate decision regarding TikTok's fate in the United States will be made by him. This suggests that despite ongoing discussions and potential deals involving tech companies, the President views himself as having the final say on whether the popular video-sharing app will be allowed to continue operating in the country.

The White House has announced that the implementation of a law concerning TikTok will be the responsibility of the next administration. This statement suggests a significant policy decision regarding the popular social media platform is being postponed, potentially affecting millions of users and the company's operations in the United States. The exact nature of the law and its implications are not specified in the brief statement.

The White House has issued a statement indicating that TikTok, the popular social media platform, should remain accessible to American users. This stance suggests a potential shift in the U.S. government's approach to the Chinese-owned app, which has faced scrutiny over data security concerns in recent years.

Russia and Iran are reportedly engaged in negotiations regarding gas production. This suggests potential cooperation between two major energy-producing nations, which could have significant implications for global gas markets and geopolitical relations. The brief nature of the report indicates that discussions are ongoing, but details about the scope, scale, or specific objectives of these negotiations are not provided.

A new gas pipeline project connecting Russia to Iran has been announced. The pipeline will pass through Azerbaijan, indicating a significant energy infrastructure development in the region. This project suggests potential shifts in regional energy dynamics and cooperation between these three countries.

According to TASS, Russia and Iran have agreed to strengthen cooperation between their security services. This development suggests a deepening of strategic ties between the two nations, potentially impacting regional and global security dynamics. The specific details of this enhanced cooperation are not provided in the brief news snippet.

Russia and Iran have reached an agreement to prohibit the use of their respective territories for actions that could pose a threat to the other country. This pact suggests a strengthening of diplomatic ties and mutual security assurances between the two nations. The agreement likely aims to deter potential adversaries and solidify their strategic partnership in the region.

Russia and Iran have agreed to collaborate more closely on joint military exercises, according to Russian state news agency RIA. This development signals an intensifying defense partnership between the two nations, which are both under Western sanctions. The agreement likely involves sharing military tactics, technology, and intelligence, though specific details were not provided. This cooperation could have significant geopolitical implications, potentially altering power dynamics in regions where both countries have interests.

The CBOE Volatility Index, a key measure of market expectations for near-term volatility, has dropped to its lowest level in three weeks. The index decreased by 0.96 points, settling at 15.64. This decline suggests a potential easing of investor concerns and a more stable market outlook in the short term.

According to Russian state news agency TASS, Russia and Iran have agreed to enhance their cooperation in the areas of security and defense. This development suggests a strengthening of strategic ties between the two nations, which are both subject to Western sanctions. The agreement likely covers areas such as military technology, intelligence sharing, and joint defense initiatives, though specific details are not provided in the headline.

The S&P 500 index, a key benchmark for the U.S. stock market, has extended its gains, rising by 1.00%. This upward movement indicates a positive trend in the broader market, suggesting increased investor confidence and potentially favorable economic conditions.

Kristi Noem, nominated for Homeland Security Secretary by Donald Trump, has stated that if confirmed, she would work to reinstate the 'Remain in Mexico' program. This policy requires asylum seekers to wait in Mexico while their cases are processed in the U.S. Additionally, Noem declared her intention to immediately terminate the Biden administration's CBP One app, which facilitates legal entry for migrants, on her first day in office if appointed.

The U.S. Supreme Court has ruled against TikTok's legal challenge to a law that could force the sale or ban of the app in the United States. This decision has led to an increase in stock prices for other social media companies, likely due to the potential reduction in competition if TikTok faces restrictions in the U.S. market.

President Biden has issued a statement affirming that the Equal Rights Amendment (ERA) is now 'the law of the land.' This declaration suggests a significant development in the long-standing effort to enshrine gender equality in the U.S. Constitution. The ERA, which prohibits discrimination on the basis of sex, has had a complex ratification process spanning several decades. Biden's statement indicates a shift in the federal government's stance on the amendment's legal status.

The U.S. Supreme Court has ruled against TikTok in its legal challenge to a law that could potentially force the sale or ban of the app in the United States. This decision upholds the government's authority to take action against the popular social media platform due to national security concerns. The ruling represents a significant setback for TikTok and its parent company ByteDance in their efforts to maintain operations in the U.S. market.

The United States is planning to impose sanctions on Yin Kecheng, a Chinese individual allegedly involved in a breach of sensitive systems within the U.S. Treasury Department. This sanction appears to be unrelated to other ongoing issues between the U.S. and China, suggesting it is a targeted response to a specific cybersecurity incident.

U.S. Senate Democratic Leader Chuck Schumer has stated that the United States should continue efforts to find an American buyer for TikTok. This statement suggests ongoing concerns about the Chinese-owned social media platform's operations in the U.S. and potential national security implications. Schumer's position indicates a preference for transferring TikTok's ownership to an American entity rather than implementing an outright ban.

Two high-level leaders, one presumably Chinese, held discussions on major international and regional issues. The talks focused on two significant ongoing conflicts: the crisis in Ukraine and the Palestinian-Israeli conflict. This suggests diplomatic efforts to address these global concerns, though specific details or outcomes of the discussion were not provided in the report from Chinese state media.

The Biden administration plans to impose sanctions on Sichuan Juxinhe Network Technology, a Chinese company allegedly responsible for a series of major telecommunications hacks known as 'Salt Typhoon'. This action, reported by the Wall Street Journal, represents a significant step in addressing cybersecurity threats and holding foreign entities accountable for cyber attacks.

According to Chinese state media, leaders from China and another unspecified country have reached an agreement to establish strategic communication channels. They have committed to maintaining regular contact on major issues of mutual interest between their nations. This move suggests an effort to improve diplomatic relations and foster better understanding on key matters affecting both countries.

Chinese President Xi Jinping has emphasized the importance of strengthening cooperation between two sides, likely referring to China and another country or entity. Xi stressed that this cooperation should be based on three key principles: mutual respect, peaceful coexistence, and win-win cooperation. This statement, reported by Chinese state media, suggests China's desire for diplomatic engagement while maintaining its core interests and values.

Chinese President Xi Jinping has stated that the essence of China-US economic and trade relations is mutual benefit and a win-win situation. He stressed that confrontation and conflict should not be the chosen path for the two nations. This statement, reported by Chinese state media, suggests a desire for cooperation and positive engagement in economic matters between China and the United States.

Chinese President Xi Jinping has emphasized that the Taiwan question is a matter of China's national sovereignty and territorial integrity. He expressed hope that the United States will handle this sensitive issue with great care. This statement was reported by Chinese state media, indicating the official stance of the Chinese government on the matter.

Chinese President Xi Jinping has stated that China and the United States have extensive common interests and ample room for cooperation. According to Chinese state media, Xi expressed that the two nations can be partners and friends, suggesting a desire for improved bilateral relations despite ongoing tensions.

Iranian official Pezeshkian has stated that there are obstacles and technical issues hindering energy cooperation between Iran and Russia. He emphasized the need to address and remove these barriers to improve collaboration in the energy sector between the two countries.