On December 20, 2025, performance data showed gold and silver-focused funds led 2025 rankings. Franklin Gold and Precious Metals Fund returned 184.33%, with multiple UK and EU strategies posting gains above 150%. Record gold above $4,300/oz and silver crossing $60/oz were cited as drivers, alongside easing-rate expectations and macro uncertainty.

On December 20 2025, the Delaware Supreme Court reversed a 2024 ruling and reinstated Elon Musk's $56 billion Tesla compensation plan from 2018, returning 303 million shares valued at about $150 billion. The decision leaves Tesla to determine the fate of a newer pay proposal that could have reached $1 trillion, while awarding $54.5 million in legal fees to the shareholder plaintiff's attorneys.

Moore Threads unveiled new AI hardware in Beijing, with CEO Zhang Jianzhong introducing the Huagang architecture and Huashan chips aimed at reducing reliance on Nvidia. Zhang said Huagang raises computing density by 50% and improves energy efficiency ten times, and the company expects mass production in 2026 alongside updates to its MUSA platform and server lines.

On Friday, her office said Sen. Cynthia Lummis will retire when her term concludes in early 2027. During her tenure, she advanced crypto frameworks and introduced an AI liability bill tied to disclosure requirements. According to NBC News, two sources said Rep. Harriet Hageman is likely to run for the deep-red Wyoming seat.

Bernstein said Nvidia is trading at 25x forward earnings, putting it in the 11th percentile of its 10‑year valuation range and about a 13% discount to the PHLX Semiconductor Sector Index. The firm maintained an outperform rating with a $275 price target, noting shares are up 34% in 2025 while the PHLX Semiconductor Index has gained 41%.

On December 19, 2025, silver reached a record $69.6/oz, rising 2.3% intraday and securing an 8.1% weekly advance after touching $67.20 earlier. Gold climbed to $4,346.69/oz, with futures at $4,380, while softer inflation and a weaker labor report bolstered rate‑cut hopes. U.S. equities rose, led by Oracle’s 8% jump tied to a planned TikTok U.S. venture.

Crypto hedge funds are on track for their weakest year since 2022. Directional managers finished November down 2.5%, while altcoin‑focused portfolios fell about 23%. An Oct. 10 liquidation wave erased nearly $20 billion after a 100% tariff pledge on Chinese goods drove Bitcoin down 14% within hours, and institutional flows compressed arbitrage spreads.

Federal Reserve governor Chris Waller said that after his Oval Office interview with President Donald Trump for the Fed chair role, he walked out convinced he would not be selected. Trump is continuing to meet other candidates, including Rick Rieder, Kevin Hassett and Kevin Warsh, while Waller has publicly argued rates could be cut by 50–100 basis points amid weakening job growth. Trump has stated he wants a chair who believes in much lower interest rates and is willing to engage with him directly on economic policy.

In November 2025, Northern Data agreed to sell its bitcoin mining unit Peak Mining for up to $200 million to three companies controlled by Tether executives Giancarlo Devasini and Paolo Ardoino. The transaction followed an earlier uncompleted $235 million sale attempt and came shortly before a separate $767 million deal in which Rumble, backed by Tether, announced plans to acquire Northern Data.