📈 Stocks / Finance

Nvidia, MicroStrategy, and Fannie Mae Lead Thursday's Market Action

CNBC

Nvidia, MicroStrategy, and Fannie Mae stood out in Thursday's market action. Nvidia gained 0.5%, driven by AI energy discussions and analyst comments. Bitcoin volatility continued, hitting $99,000 before closing at $98,400. MicroStrategy dropped 16% after a Citron short report, while Fannie Mae rose 5%.

Alphabet Faces DOJ Pressure, Valuation Falls Below $2 Trillion

Benzinga

Alphabet shares fell over 6%, erasing $120 billion in market value after the DOJ proposed antitrust remedies, including a forced sale of Google Chrome. Chrome's divestiture threatens Alphabet's ad revenue, as 'Search & Other' generated $175 billion, or 56%, of 2023 revenue.

Gold rises amid escalating war risks

Reuters

Gold surged nearly 4.5% this week, reaching $2,677 an ounce, driven by rising war risks after Russia's nuclear stance shift. European gas prices hit a one-year high, while Bitcoin neared $100,000. Adani-linked assets fell on fraud charges, and chip stocks rose, led by Nvidia's earnings boost.

🪙 Crypto

Gensler resigns as SEC chair, crypto industry sees opportunity

TheStreet

SEC chair Gary Gensler will leave his post on January 20, sparking optimism in the crypto sector for regulatory reform. Industry leaders criticized Gensler's 'regulation by enforcement' and are hopeful for clearer, more accessible guidelines under new leadership.

🌎 Global Economy

China’s Economy Remains Selectively Integrated, Index Shows

MERICS

The MERICS China Internationalization Index reveals China remains less integrated into the global economy compared to the US and Japan. Despite high industrial export volumes, China's international integration, especially financially, has stagnated since 2016, hindered by national security priorities and selective openness.

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