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JPMorgan Chase: Raises its target price for LOréal from €350 to €365.GOTU (GOTU.N): Q3 2025 revenue was RMB 1.579 billion, with an adjusted net loss of RMB 137.7 million. Q4 revenue is projected to be RMB 1.628 billion to RMB 1.648 billion, representing growth of 17.2%-18.7%.US Dollar: 1. Federal Reserve – ① Milan: The economy needs a significant interest rate cut; rising unemployment is due to overly tight monetary policy. ② Bessant revealed that Trump is very likely to announce the new chairman before Christmas. Reports indicate Hassett has emerged as the frontrunner among five candidates, while others suggest there is no clear frontrunner. ③ Bessant criticized the Feds interest rate management mechanism. 2. The US fiscal years first month deficit reached $284 billion; the fiscal outlook is worrying under the shadow of a shutdown. 3. Mizuho Securities: The "Hassett effect" may put pressure on the dollar. Euro: 1. ECB Governing Council member Machlouf: We are in a favorable position regarding inflation, but we are slightly concerned about service inflation and food inflation. Pound Sterling: 1. UK Chancellor Reeves announced a 4.1% increase in the minimum wage, which may affect the UKs inflation target. 2. British media: UK Chancellor Reeves decided not to cut VAT on energy bills in the budget. 3. Sources: The UK plans to exempt London-listed companies from stamp duty for three years. Japanese Yen: 1. Japanese opposition figures: The Japanese economy is nearing its breaking point. 2. The Bank of Japan adjusts its communication methods to prepare the market for a possible rate hike as early as December. 3. Former Bank of Japan board member: The weaker yen increases the likelihood of a December rate hike. 4. Japanese opposition parties are preparing for a possible early general election. Other: 1. The Reserve Bank of New Zealand cut its benchmark interest rate by 25 basis points to 2.25%, in line with market expectations. 2. Reserve Bank of New Zealand Governor Hawkesby: Interest rates are still more likely to fall than rise; the outlook is balanced. 3. Pakistani central bank official: Pakistan has a sound regulatory system to support the use and investment of the RMB. 4. The Central Bank of Ukraine set the official exchange rate for the hryvnia at 42.40 hryvnia to the US dollar on Wednesday, a record low.Euro Stoxx 50 futures rose 0.73%; UK FTSE 100 futures rose 0.23%; and German DAX futures rose 0.74%.November 26th - According to three sources familiar with the matter, the 28-point peace plan, backed by the United States and aimed at ending the Russia-Ukraine conflict, unveiled last week, drew upon a document Russia submitted to the Trump administration in October. The sources stated that in mid-October, following a meeting between Trump and Zelensky in Washington, the Russian side shared this document with senior U.S. officials. This document outlined Russias conditions for ending the war. This document is an unofficial communication, known in diplomatic terms as a "non-paper." The wording in the document reflects what the Russian government had previously presented at the negotiating table, including concessions that Ukraine refused to accept, such as the cession of large swathes of territory in its east. This is the first confirmation that this document was a key reference to the 28-point peace plan.

Elon Musk Reassures DOGE of Support to Deliver DOGE and SHIBA Gains

Jimmy Khan

Jun 22, 2022 14:13

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Elon Musk, a longtime supporter of Dogecoin (DOGE), was once again in the news this week. The entrepreneur behind Tesla Inc. and SpaceX doesn't seem to have been deterred much by a $258 billion lawsuit from promoting the joke currencies.


Elon Musk, in contrast to many others, has taken action; Tesla Inc. and SpaceX now accept DOGE and SHIB as payment for merchandise.


Keith Johnson, a cryptocurrency investor, sued Elon Musk, SpaceX, and Tesla Inc. last week for endorsing DOGE despite Musk's steadfast backing.


Johnson claimed that the defendants had conned him out of money and referred to the meme coin as a "Dogecoin Crypto Pyramid Scheme."


Defendants "falsely and fraudulently claim that Dogecoin is a legal investment when it has no value at all," Johnson continued.


Investors "who have lost money investing in DOGE since April 2019" are the ones Johnson seeks to represent.


Despite Musk's silence over the case, he has vowed to continue to support DOGE during this crypto winter.

Elon Musk Provides Support for DOGE and SHIB

News of Elon Musk responding to requests to reiterate his support for DOGE broke overnight.


Musk reacted to inquiries about the cryptocurrency market and the recent devastation while speaking to Bloomberg at the Qatar Economic Forum.


Musk made it clear that he never advocated for cryptocurrency investments. Additionally, he pointed out that Musk, Tesla Inc., and SpaceX all purchased little quantities of bitcoin (BTC) in comparison to their cash holdings.


"I want to personally support Dogecoin," Musk stated. "I just know a lot of individuals who are not that affluent who have pushed me to buy and support Dogecoin - so I'm reacting to those folks."

Musk allegedly said, "They've requested me to support Dogecoin, therefore I'm doing so," in response to requests for support from his firms' employees.


Shiba Inu (SHIB) accompanied DOGE (+9.50 percent), restoring the majority of June's losses, as Musk spoke of his support for DOGE. SHIB increased by 31.20 percent on Tuesday.