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U.S. stocks rallied Monday, with the Dow up 351 points and Nasdaq gaining 1.8% as chipmakers surged following Foxconn’s record revenue. Investors await economic data and Fed guidance.
South Korea’s foreign reserves increased slightly in December but fell to their lowest year-end level in five years, reflecting currency volatility, according to the Bank of Korea.
Senate investigators revealed Credit Suisse maintained Nazi-linked accounts, some active until 2022, raising questions about historical accountability and transparency in banking.
Microsoft plans to invest $80 billion in AI data centers by June 2025, expanding infrastructure to power AI growth and innovation globally.
Asian markets mixed as China stocks drop on weaker manufacturing, while Singapore’s GDP grew 4% in 2024, reflecting economic resilience amid global uncertainties and trade pressures.
Oil prices surged to multi-month highs as US crude stockpiles fell for the sixth straight week, boosting WTI and Brent amid tightening supplies and bullish technical trends.
The U.S. dollar index hit a two-year high as markets responded to optimism over Donald Trump’s policies and resilient economic performance in 2025.
Egypt’s food exports reached $5.5 billion by November 2024, marking a 17% growth over 2023, with key markets including Arab nations, Europe, Africa, and the United States.
Analysts predict Bitcoin could hit $200,000 in 2025, driven by ETFs, favorable regulations, and Trump’s pro-crypto policies, with forecasts ranging as high as $250,000.
The U.S. dollar posted strong gains in 2024, boosted by higher Treasury yields and a cautious Fed policy outlook, while markets braced for economic shifts under Trump’s administration.