TREE NEWS update: Hugging Face CEO commented on Jensen Huang’s resignation, calling it “an incredibly sad day.” The reaction from the AI platform chief followed the departure of Nvidia’s longtime chief executive. No further details on the circumstances of Huang’s resignation were provided.
TREE NEWS update: Tron, Tether and Chainalysis have formed the Digital Crime Task Force to proactively trace illicit USDT on the Tron network and freeze funds before they move. The new unit replaces the near-identical T3 initiative, built with rival firm TRM Labs, which quietly collapsed just weeks earlier.
TREE NEWS update: The German government on Monday denied reports that Bank of Spain Governor Pablo Hernández de Cos will become the next president of the European Central Bank. The denial was issued in response to media reports naming de Cos as a candidate for the ECB’s top job. No further details were provided.
TREE NEWS reports: Goldman Sachs expects eurozone GDP to grow 0.9% in 2027, the bank said in its 2027 outlook. The forecast puts the bloc’s projected expansion below 1% for the year, with no further detail on the assumptions behind the estimate.
TREE NEWS reports: The U.S. dollar climbed to 160 yen, marking the first time it has reached that level since September. The move reflects continued strength in the greenback against the Japanese currency.
TREE NEWS reports: The US Treasury auctioned four-week bills at a high yield of 3.955% with a bid-to-cover ratio of 2.94. It also sold eight-week bills at a high yield of 4.080%, with a bid-to-cover ratio of 2.50.
TREE NEWS update: Romania’s central bank kept its benchmark interest rate at 6.5% on Thursday, the highest in the European Union, matching all economist forecasts in a Bloomberg survey. Energy prices are pushing inflation higher and delaying any discussion of monetary easing until after next year. Policymakers have held rates steady since 2024 amid government turmoil, recession and currency depreciation.
TREE NEWS update: The International Monetary Fund said Senegal’s official creditor committee has still not been formed, leaving a key step in the country’s debt-restructuring process unresolved. The IMF also said it remains cautious on the trajectory of Argentina’s short-term bonds. No further details on timing or the composition of the creditor committee were provided.
TREE NEWS reports: Germany’s DAX 30 index rose 0.53% in preliminary closing figures to 26,804.55 points, setting another record closing high. France’s benchmark gained 0.46% and the UK’s rose 0.25%, while Italy’s index slipped 0.13% in preliminary trade.
TREE NEWS reports: Nvidia is under antitrust investigation by the US Department of Justice, and its shares fell more than 5% again on the news. The probe adds regulatory pressure on the chipmaker, whose stock has been volatile amid the AI-driven rally.
TREE NEWS reports: French President Emmanuel Macron and German Chancellor Friedrich Merz both believe François Villeroy de Galhau, governor of the Banque de France, should succeed Christine Lagarde as president of the European Central Bank, Le Point reported. Lagarde’s term as ECB chief is due to end in 2027. No formal nomination or decision has been announced.
TREE NEWS update: Nvidia’s interim CEO will gather the company’s executive team at its headquarters on Thursday, according to a single-line report that gave no further details on the agenda or attendees. The meeting comes as the chipmaker is led on an interim basis. No reason for the gathering, decisions expected, or statements from the company were disclosed.
TREE NEWS reports: AMD and Broadcom each rose more than 7%, making them standout performers among S&P 500 constituents. The two chipmakers led the index’s gainers in the session, though the material did not specify the trading date or the drivers behind the moves.
TREE NEWS update: Russian President Vladimir Putin met US presidential envoy Steve Witkoff and Jared Kushner, Trump’s son-in-law, in Moscow on December 12. Putin said any foreign military presence in Ukraine is absolutely unacceptable and would threaten Russia’s security, calling such troops legitimate targets. Witkoff said he hoped the meeting would lead to a new round of multilateral talks involving European representatives.
TREE NEWS update: Federal Reserve Bank of Chicago President Austan Goolsbee said the recent hot inflation report should not be treated as a one-time data point. The remark signals the policy maker is not dismissing the reading as temporary noise.
TREE NEWS update: US special envoy Steve Witkoff said progress has been achieved in trilateral talks between Russia, the United States and Ukraine. Witkoff gave no further details on the substance of the discussions or the specific areas where headway was made. The comment comes amid ongoing diplomatic efforts to end the war in Ukraine.
TREE NEWS reports: Nvidia’s interim chief executive does not lead the company’s major decisions and is not responsible for setting its major decision-making agenda. The arrangement leaves the interim CEO without authority over the company’s key strategic choices or the agenda that shapes them.
TREE NEWS update: Russian President Vladimir Putin said on the 12th in Moscow that foreign troops stationed in Ukraine threaten Russia’s national security and will be legitimate targets for the Russian military. Speaking during a meeting with U.S. special envoy Steve Witkoff and President Trump’s son-in-law Jared Kushner, Putin said he hopes any peace agreement to resolve the Ukraine conflict will be “permanent.” Witkoff said he hopes a new round of talks involving European representatives can be announced after the meeting.
TREE NEWS update: SpaceX is advancing two projects: a new StarBase supercomputing facility and a second campus in Cochise County, Arizona. The company will invest up to $24 billion in the new supercomputing infrastructure. The Texas facility will add more than 500 permanent jobs, while the Arizona campus will create about 5,500 positions, of which 1,000 are permanent.
TREE NEWS reports: Industrial Securities said in a research note that gold is likely to stay range-bound in the near term as a strong dollar and high interest rates weigh on prices. It cited two straight days of net outflows from Shanghai gold funds and sustained redemptions from SPDR Gold ETF as signs of cautious investment demand. With December Fed rate-hike expectations largely priced in, the brokerage said gold’s further downside may be limited until new signals of tightening emerge.