🚨 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.”

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🇺🇸 President-elect Trump to begin largest deportation operation in US history next Tuesday.

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🇩🇪 Germany has no more money to finance Ukraine. It blocked 3 billion euros in aid for Ukraine.

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🇺🇸 So far in 2025:

1. US debt ceiling on track to be hit on January 21st

2. SEC Chair Gary Gensler set to resign on January 20th

3. Donald Trump launches largest memecoin in history, $TRUMP

4. Fed interest rate hikes are back in discussion

5. IRS Commissioner announces resignation on January 20th

6. Trump expected to propose forming an America-first crypto reserve

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JUST IN: 🇺🇸 TikTok restores service in the United States.

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🇺🇸 Trump to declare "National Emergency" to unlock new powers.

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