🇺🇸 There will be ZERO interest rate cuts by the Federal Reserve this year warns Bank of America

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🇸🇻 El Salvador's president has brought stability and safety to one of the world's most violent countries - Financial Times

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🇮🇳 Indian Rupee falls to another all-time low against the U.S. Dollar.

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🇨🇳🇺🇸 TikTok is planning to shut down its US app on Sunday, and people who already have the app will not be able to use it.

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🇺🇸 President-elect Donald Trump is preparing more than 100 executive orders starting Day One of the new White House, per Global News.

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🇺🇦 Ukrainian President Zelensky calls on NATO to use $250 billion in frozen Russian assets to buy weapons for Ukraine.

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🇦🇪 UAE to build $6 billion desert battery complex, providing 1 GW of uninterrupted power by 2027.

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🚨 Shares of social media companies drop after news of potential suspension of TikTok ban by President-elect 🇺🇸 Trump.

Meta Platforms down 0.8%, Snap Inc. down 2.8% as investors react to uncertain future for TikTok ban.

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📊 Fed's Waller calls this week's inflation data 'very good'.

If data continues like this, rate cuts are likely in the first half of the year ...

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🇷🇺🇮🇷 Russia and Iran will sign a 20-year Strategic Partnership Agreement this Friday that will guarantee the security of the two countries.

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🚨🚨 BP will eliminate a total of 7,700 jobs in an effort to cut costs

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📣 Global banks will cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches on tasks currently carried out by human workers, according to Bloomberg Intelligence

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🚨🚨 Bank of America, $BAC, bond losses could top $100 billion, per Barron's.

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🇺🇸 SEC's top lawyer Megan Barbero to resign on January 20.

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🇨🇳🇩🇪 China is interested in buying struggling German car factories, including Volkswagen.

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🇺🇸 FED's Christopher Waller says "3 or 4 (rate) cuts could be possible this year."

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BREAKING: 🇨🇳 China reports 5% GDP growth in 2024, in-line with expectations, as stimulus measures kicked in, per FT.

GDP growth accelerated from 4.6% in Q3 2024 and 4.7% in Q2 2024.

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BREAKING: 🇺🇸 Treasury Secretary Yellen announces that the US will hit the debt limit on Tuesday, January 21st.

Yellen has advised the US Treasury to start “extraordinary measures.”

@Fin_Watch