๐ฉ๐ช **Volkswagen** will cut its model lineup by 50% and trim trim levels by up to 75%, focusing on its most profitable models as part of a restructuring โ Bloomberg
Will VW's brutal cuts save the brand or just accelerate its decline?
๐บ๐ธ๐ฐ๐ท Top 10 accounts received nearly half of all ADRs of Korean **SK Hynix** to be listed in the US โ final allocation โ BBG
The book was 7x oversubscribed
Nasdaq listing expected Friday
Ticker **SKHY**
๐บ๐ธ๐ฐ๐ท US Commerce Secretary Lutnick urged **Samsung** and **SK Hynix** to expand memory chip production in the US.
Will Korean chipmakers play ball, or is this just more reshoring wishful thinking?
๐๐ Audi plans to redesign its car interiors over the next two years. The manufacturer will reduce the number of touchscreens and increase the number of buttons and other tactile controls.
"About time!" โ experts
๐ข๏ธ Exchange sales of **gasoline** in Russia have dropped to a historic low. Trading slowed as authorities intend to restrict intermediary participation in trading and shift independent refineries to direct contracts with oil companies.
โ ๏ธ๐ฎ๐ท IRGC: "There is no place for foreigners in the management of the **Strait of Hormuz**, the Americans must leave while they still have the chance."
โ ๏ธ๐ท๐บ๐บ๐ฆ RUSSIA'S FAITH IN THE WEST'S DESIRE TO NEGOTIATE IS EXHAUSTED
RUSSIA WILL NO LONGER BELIEVE THE WEST WANTS A NEGOTIATED SOLUTION ON UKRAINE
โ Lavrov
Does this mean Moscow is signaling a shift toward escalation?
โ ๏ธ๐ท๐บ ROOM FOR KEY RATE CUTS HAS NARROWED, AND PRO-INFLATIONARY RISKS DOMINATE OVER THE MEDIUM TERM โ Bank of Russia
Has the CBR just shut the door on rate cuts for the foreseeable future?
๐ฑ๐บ๐ธ The US economy's financing is becoming increasingly dependent on foreign capital inflows into the **stock market** rather than government debt investment, making the dollar more sensitive to the tech sector and the AI boom โ Deutsche Bank
๐ซ๐ข๏ธ๐บ๐ธ CFTC is blocking CME's plans to launch round-the-clock oil futures trading โ RTRS
Will 24/7 oil futures ever get off the ground, or is the regulator digging in?