Trade Watcher

📉Won Plunges After Emergency Alert

South Korea’s won on Tuesday fell sharply against the U.S. dollar shortly after President Yoon Suk Yeol declared a state of emergency.

The U.S. dollar was last seen trading up 1.9% against the won, which notched a fresh two-year low on the news.

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⚠️Market Shake-Up: US Steel & Tesla Hit Headlines 

US Steel shares dropped as Trump vowed to block its sale to Japan's Nippon Steel. Tesla plans to appeal a court’s rejection of Elon Musk’s $56 billion pay package.

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📊S&P 500 to Hit 6,666 in 2025, BofA Predicts

Bank of America forecasts the S&P 500 will reach 6,666 by 2025, driven by 2.4% GDP growth and a shift to large-cap value stocks. The rally is expected to broaden beyond Big Tech to other sectors like financials and materials.

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📌📈Intel CEO Pat Gelsinger Retires, Stock Rises

Pat Gelsinger retired as Intel CEO on Dec. 1 after over three years of turnaround efforts. The board, losing confidence, made the decision privately, notifying leadership only a day before.
Intel shares jumped 3% on the news.

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🚨Stellantis CEO Quits Amid Stock Slump

Stellantis, the maker of Chrysler, Jeep, Fiat and Peugeot among other brands, announced on Sunday that embattled CEO Carlos Tavares has resigned.

Stellantis battles a 40% stock drop, falling U.S. sales, and €10 billion in forecasted losses.

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❗️JUST IN: 🇺🇸 US Government moves 10,000 Bitcoin worth $963 million to Coinbase.

Is the government preparing to sell?

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⚠️Super Micro stock jumps after review finds no fraud 📈

The company said the independent committee's review, which took over three months, found no evidence of fraud or misconduct on the part of Super Micro's management, sending its shares up about 20%.

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JUST IN: MicroStrategy buys another 15,400 Bitcoin worth $1.5 billion.

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JUST IN: WisdomTree officially files S-1 for its spot $XRP ETF.

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$XRP surpasses Solana $SOL to become the 4th largest cryptocurrency by market cap.

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🛍 Saudi Arabia’s US Treasury Holdings Hit Highest Since 2020

Over a third of Saudi foreign assets now held in US T-bills.

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⚠️ Elon Musk is asking a federal court to stop OpenAI from converting into a fully, for-profit business.

In the filing, attorneys argued that OpenAI “cannot lumber about the marketplace as a Frankenstein, stitched together from whichever corporate forms serve the pecuniary interests of Microsoft.”

The latest court filings represent an escalation in the legal feud between Musk, OpenAI and its CEO Sam Altman, as well as other long-involved parties and backers including tech investor Reid Hoffman and Microsoft.

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JPMorgan Bucks the Transition Trend: A $50 Trillion Debate

As Wall Street rallies around transition-finance frameworks, JPMorgan is taking a contrarian stance, questioning their effectiveness in driving sustainable outcomes. Meanwhile, firms like Apollo view the energy transition as a $50 trillion opportunity.

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Trump threatens 100% tariffs on BRICS

US President-elect Donald Trump warned the so-called BRICS nations that he would require commitments that they would not move to create a new currency as an alternative to using the US dollar and repeated threats to levy a 100% tariff.

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JUST IN: $3,700 $ETH

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Bullish Frenzy: Is a Bubble Brewing?

Markets are soaring despite risks like trade wars and inflation under Trump’s administration. The S&P 500 and Russell 2000 are hitting record highs, but some experts warn this optimism may be setting the stage for a bubble.

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