⚠️ Elon Musk is asking a federal court to stop OpenAI from converting into a fully, for-profit business.

In the filing, attorneys argued that OpenAI “cannot lumber about the marketplace as a Frankenstein, stitched together from whichever corporate forms serve the pecuniary interests of Microsoft.”

The latest court filings represent an escalation in the legal feud between Musk, OpenAI and its CEO Sam Altman, as well as other long-involved parties and backers including tech investor Reid Hoffman and Microsoft.

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🛍 Saudi Arabia’s US Treasury Holdings Hit Highest Since 2020

Over a third of Saudi foreign assets now held in US T-bills.

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$XRP surpasses Solana $SOL to become the 4th largest cryptocurrency by market cap.

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JUST IN: WisdomTree officially files S-1 for its spot $XRP ETF.

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JUST IN: MicroStrategy buys another 15,400 Bitcoin worth $1.5 billion.

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⚠️Super Micro stock jumps after review finds no fraud 📈

The company said the independent committee's review, which took over three months, found no evidence of fraud or misconduct on the part of Super Micro's management, sending its shares up about 20%.

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❗️JUST IN: 🇺🇸 US Government moves 10,000 Bitcoin worth $963 million to Coinbase.

Is the government preparing to sell?

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🚨Stellantis CEO Quits Amid Stock Slump

Stellantis, the maker of Chrysler, Jeep, Fiat and Peugeot among other brands, announced on Sunday that embattled CEO Carlos Tavares has resigned.

Stellantis battles a 40% stock drop, falling U.S. sales, and €10 billion in forecasted losses.

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📌📈Intel CEO Pat Gelsinger Retires, Stock Rises

Pat Gelsinger retired as Intel CEO on Dec. 1 after over three years of turnaround efforts. The board, losing confidence, made the decision privately, notifying leadership only a day before.
Intel shares jumped 3% on the news.

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📊S&P 500 to Hit 6,666 in 2025, BofA Predicts

Bank of America forecasts the S&P 500 will reach 6,666 by 2025, driven by 2.4% GDP growth and a shift to large-cap value stocks. The rally is expected to broaden beyond Big Tech to other sectors like financials and materials.

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⚠️Market Shake-Up: US Steel & Tesla Hit Headlines 

US Steel shares dropped as Trump vowed to block its sale to Japan's Nippon Steel. Tesla plans to appeal a court’s rejection of Elon Musk’s $56 billion pay package.

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📉Won Plunges After Emergency Alert

South Korea’s won on Tuesday fell sharply against the U.S. dollar shortly after President Yoon Suk Yeol declared a state of emergency.

The U.S. dollar was last seen trading up 1.9% against the won, which notched a fresh two-year low on the news.

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💎BlackRock Bets Big on Private Credit

BlackRock is acquiring HPS Investment Partners for $12 billion, boosting its private credit assets to $220 billion. The deal, set to close by mid-2025, capitalizes on the booming private credit market.

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JUST IN: $443 million liquidated from the cryptocurrency market in the past 12 hours.

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JUST IN: 🇷🇺 Russia's President Putin says Bitcoin & digital assets will continue to develop.

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