๐บ๐ธ Trump says tariffs will replace income tax.
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"Unfortunately, we did see this in โ05, โ06 and โ07, almost the same thing - the rising tide was lifting all boats, everyone was making a lot of money.โ
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๐จ WiseTech to cut 2,000 jobs as CEO says manual coding era is 'over'.
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Iran set to buy supersonic anti-ship missiles from China.
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CIA alerted Apple and Nvidia to Taiwan invasion risk
According to The New York Times, the CIA informed Apple, Nvidia, and AMD in 2023 about the possibility of a Chinese invasion of Taiwan by 2027.
Taiwan produces about 97% of the worldโs most advanced chips, and any disruption could trigger a global economic shock.
The goal was also to encourage companies to diversify their production chains.
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The Australian government has told families of Australian diplomats in Israel and Lebanon to leave the two Middle East countries, citing a "deteriorating security situation" in the region.
The government has also offered voluntary departures to Australian diplomatsโ dependents in the UAE, Jordan, and Qatar.
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๐จ๐ณ๐บ๐ธ China warns it will retaliate if the US imposes new tariffs.
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๐บ๐ธ Bank of America predicts Gold will reach $6,000 within the next 12 months.
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Top AI companies to sign deal to build their own electricity supply for data centers:
โข xAI
โข Meta
โข Oracle
โข Google
โข OpenAI
โข Amazon
โข Microsoft
๐ฅซ t.iss.one/FinancialWorldUpdates
โข xAI
โข Meta
โข Oracle
โข Google
โข OpenAI
โข Amazon
โข Microsoft
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๐บ๐ธ The dollar could drop 10% in 2026 if the Fed eases rates more aggressively than markets expect under new leadership, per State Street.
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An anonymous trader used a new wallet to bet $50.7K that Axiom would be accused of insider trading, with odds at only 15.1%.
This sparked speculation about potential inside information, leading many traders to follow his bet and push Axiom's odds even higher than Meteora.
He then closed his position and made $39K in one day.
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๐จ Bloomberg says to not touch crypto as companies and exchanges are using fake ledger to give fake Bitcoin sales.
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๐ฐ๐ท South Korean stocks hiting an all-time high, pumping 9 months straight following the surge demand for AI, memory chips and semiconductors.
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Berkshire Hathaway is sitting on about $382 billion in cash and Treasuries. Thatโs the biggest corporate cash reserve in U.S. history.
Why so big?
Berkshireโs businesses keep generating massive profits, and Buffett hasnโt found enough attractive deals. At the same time, heโs been selling stocks for eight straight quarters, including cutting Apple by roughly 75% and trimming Bank of America and others. He also slowed share buybacks.
The reason is simple: valuations look high. Buffett would rather hold cash than overpay.
Heโs done this before. Before the dot-com crash. Before the 2008 crisis. Before the 2022 bear market. Each time, he built cash when markets were expensive and deployed it when fear created discounts.
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๐ฐ๐ท Korean Stock Exchange (KOSPI) hit a record 6,308, as Samsung became the first South Korean company to reach a $1.03T market value.
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๐บ๐ธ US Initial Jobless Claims:
Actual: 212k
Expected: 215k
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$NVDA sinks at the open despite a Q4 earnings beat and optimistic guidance.
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