digital currency initiative, Block

The Dow Jones Industrial Average is now at 43,983.32 points, down 165.24 points.Canada is considering imposing export taxes on uranium and oil to counter Trump's tariff threat. Canada is studying imposing export taxes on major commodities exported to the United States, including uranium, oil and potash fertilizer, if Donald Trump fulfills the comprehensive tariff threat. Officials familiar with the internal discussions of Canadian Prime Minister Trudeau's government said that the export tax would be Canada's last resort. According to people familiar with the matter, retaliatory tariffs on goods made in the United States and export controls on some Canadian products are more likely to come first.The first batch of 85 equity indexes of the personal pension investment product "Naxin" entered the market. Recently, the Ministry of Human Resources and Social Security and other five departments issued the Notice on the Full Implementation of the Personal Pension System, which made it clear that from December 15, 2024, workers who participated in the basic old-age insurance for urban workers or the basic old-age insurance for urban and rural residents in China can participate in the personal pension system. The CSRC has optimized the supply of products in a timely manner, and has included the first batch of 85 equity index funds in the catalogue of personal pension investment products. Among them, there are 78 products that track various broad-based indices and 7 products that track dividend indices, including ordinary index funds, index enhancement funds and ETF-linked funds such as Shanghai and Shenzhen 300 Index, CSI A500 Index and Growth Enterprise Market Index. The investment style of index funds is clear, and the rate level is low. Incorporating related products is conducive to enriching investors' choices, attracting more payment funds, and further consolidating the pension reserve of the whole society. (CSI)

IBM and Illinois will establish a national quantum algorithm center with universities and industries in Chicago. On December 12th, local time, IBM and Illinois Governor JB Pritzker announced that they would cooperate to establish a new national quantum algorithm center in the Illinois Quantum and Microelectronics Park (IQMP) in Chicago. The center is jointly supported by IBM and other quantum computing pioneers, including the University of Chicago and the University of Illinois at Urbana-Champaign, and will be supported by IBM's next-generation quantum computer, IBM Quantum System Two, which the company plans to deploy in Chicago next year.Stenn Technologies, a financial technology loan company, has collapsed and most of its employees will lose their jobs. In early December, HSBC Holdings pushed the troubled trade finance company into bankruptcy.Canada is considering imposing tariffs on key resources exported by the United States, calling this a "last resort". It is reported that Canada is currently studying the imposition of export taxes on its main commodities exported to the United States, including uranium, oil and potash fertilizer. According to officials familiar with the internal discussions in the Canadian government, export tariffs will be Canada's last resort (if US President-elect Trump fulfills his promise to impose extensive tariffs). Retaliatory tariffs on American-made goods and export controls on some Canadian products will be more likely to be introduced first. But these officials said that if Trump decides to launch a full-scale trade war, Canada's export tax on goods is a practical choice. The Trudeau government may also propose to expand the power of export control.

The Hang Seng Index closed down 1.23% overnight at 20,219.000 points. The Hang Seng Technology Index closed down 1.41% at 4,556.00 points overnight.Fitch: The global protein market is neutral in 2025, which reflects that global consumption remains stable as consumer demand shifts to lower-priced chicken and pork. It is predicted that the stable grain cost will support the processing profit and benefit the global protein companies in 2025.French Hill will lead the Financial Services Committee of the US House of Representatives, and Punchbowl reporter posted on social media X that Congressman French Hill will become the new chairman of the Financial Services Committee of the House of Representatives.