Top Stories Today

Economy & Finance

U.S. Dollar

The U.S. dollar surged to a one-year peak, gaining for a fifth consecutive day as markets reacted to expectations of policy shifts under President-elect Trump, including potential trade tariffs, stricter immigration measures, and fiscal stimulus. The yen weakened past 156 per dollar, while the euro and British pound also struggled, with the latter reaching a four-month low. Market sentiment was driven by anticipation of inflationary policies and Republican control of Congress. Despite a rise in U.S. producer prices, the Federal Reserve is still expected to proceed with an interest rate cut. Meanwhile, Bitcoin eased from record highs, and the Swiss franc and Australian dollar also lost ground against the dollar.

Technology

TikTok

TikTok has launched Symphony Creative Studios, an AI-powered video creation platform available globally for advertisers. Part of its Symphony suite, introduced earlier this year, the platform aims to support brands, creators, and agencies in generating engaging, tailored content. It includes features like text-to-video conversion, digital avatar creation, and automated content editing, enhancing TikTok's appeal to marketers. The company’s move aligns with a broader trend of integrating AI tools into advertising to attract more businesses.

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