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European stocks hit record highs as defence leads
European stocks opened 2026 at record highs, with defence shares leading gains in thin holiday trading. The STOXX 600 rose about 0.4% early on Jan. 2, while investors watched rates, fiscal policy, and risk premia that also lifted precious metals.
South Korea nears $700B exports as AI chips lead
South Korea’s exports are expected to rise about 9% in December, extending a seven-month streak as AI-driven semiconductor demand powers trade. Non-chip sectors remain pressured by U.S. tariffs and tougher competition.
The Orbital Singularity: SpaceX Targets $1.5 Trillion Valuation
SpaceX prepares for a mid-2026 IPO at a $1.5T valuation. We dissect the 'monopoly premium' pricing, Starlink's unit economics, and the 'Data Darkness' macro backdrop.
Precious Metals Rally as Investors Seek Shelter Ahead of Year-End
Gold surged past $4,500 an ounce while silver and platinum hit record highs as investors piled into safe-haven assets amid economic uncertainty and thin year-end liquidity.
The Golden Straitjacket: NVIDIA Breaks Records, But Hits a Ceiling
NVIDIA just posted $57 billion in quarterly revenue, a number that defies gravity. But beneath the celebration lies a sobering reality: they are sold out. The world wants Blackwell chips, and for the next year, nobody can get them.