Tether’s USDt, the largest stablecoin by circulation, has secured a regulatory milestone in Abu Dhabi’s international financial center, opening the door for licensed institutions to use the token in regulated services.
The U.S. dollar rose in choppy trading ahead of a week packed with central bank meetings and headlined by the Federal Reserve, where an interest rate cut is all but priced in, but investors braced for signals of a milder easing cycle than expected.
Volkswagen Group plans to invest 160 billion euros through 2030, its CEO Oliver Blume said, reflecting belt-tightening as Europe’s top automaker faces a major crisis in its two key markets, China and the United States.
Gold prices rose to end last week as mounting expectations of a U.S. Federal Reserve rate cut next week buoyed sentiment, while silver soared to a record high. U.S. gold futures for February delivery settled unchanged
European shares were little changed on Friday and ended the week with modest gains, while investors evaluated a long-delayed U.S. inflation report that reinforced expectations for a Federal Reserve interest rate cut next week.
Wall Street’s major indexes were mostly flat, as investors reviewed fresh labor-market signals and firmed up their expectations for a possible Federal Reserve rate cut next week. A Labor Department report showed new jobless claims dropping to their lowest level in more than three years.
