Global News

Australia's richest person, Gina Rinehart, increased her bet on President Donald Trump's social media platform, Truth Social, in the second quarter, while the market value of her U.S. stock portfolio increased by over $600 million.

Within hours, Bessant issued contradictory statements regarding whether the US government would purchase Bitcoin to replenish its strategic reserves. He initially denied it, then reversed course, stating that the US government would explore budget-neutral ways to expand its reserves

U.S. Treasury Secretary Scott Bessant said he was not calling for a series of rate cuts from the Federal Reserve, but rather pointed out that models suggest the "neutral" rate is about 1.5 percentage points below its current level.

Circle, the "first stablecoin stock," delivered its first earnings report since its IPO. Driven by a significant increase in the circulation of its pegged currency, the company's total revenue and reserve income increased 53% year-over-year to $658 million, but profits were significantly dragged dow

The US stock market has welcomed another cryptocurrency exchange IPO. On August 12th, Eastern Time, the cryptocurrency exchange Bullish officially listed on the New York Stock Exchange. Bullish raised $1.1 billion in funding at an IPO price of $37 per share

The Saudi Capital Management Authority (CMA) recently issued a public consultation with investors on the regulatory framework for investment funds listed on the Saudi Stock Exchange (Sata).

U.S. inflation data is sending dovish signals, providing important support for the Fed's interest rate policy adjustments. The July Consumer Price Index showed that overall inflationary pressures have eased, but core inflation remains relatively high.

In the first full quarter since President Trump's two sons, Donald Trump Jr. and Eric Trump, joined the advisory board of investment bank Dominari Holdings Inc., the company saw its revenue increase by 452% year-over-year.

As the US federal government continues to borrow at a record pace, the US national debt has reached a new high. The latest data released by the US Treasury Department shows that the US national debt has surpassed $37 trillion, the first time ever to do so.

The US government is considering taking the nation's two largest housing finance companies, Freddie Mac and Fannie Mae, public. The combined valuation of the two companies could reach $500 billion, potentially marking the largest restructuring of the US housing finance sector since the 2008

Mark Zandi, chief economist at Moody's Analytics, said that while the US government is expected to generate significant revenue from Trump's tariffs, they may not be a reliable source of funds, especially during a recession.

Amid public outcry, Norway's $1.9 trillion sovereign wealth fund has divested its investments in 11 Israeli companies and is terminating all contracts with Israeli external managers.

President Donald Trump said on Monday (August 11) that gold will not face tariffs, overturning a ruling by U.S. Customs officials that bars imported from Switzerland were subject to duties. "Gold will not be taxed!" Trump wrote in a Truth Social post. Following the announcement, gold futures closed

A senior executive at South Korea's SK Hynix said the company forecasts 30% annual growth in the AI memory chip market by 2030. This optimistic outlook for the global growth of high-bandwidth memory (HBM) for AI mitigates concerns about price pressures in the industry, which for decades has been

Goldman Sachs has re-favored Asian investment-grade dollar bonds over high-yield bonds due to concerns about the US economy and expectations of a dovish Federal Reserve.

Reportedly, in response to questions about the qualities required of the next Federal Reserve Chair, U.S. Treasury Secretary Bessant said, "The new Chair must earn the trust of the market and be able to interpret complex economic data. The FOMC has 12 votes, so the Chair will need to coordinate

The US unexpectedly plans to impose tariffs on kilogram and 100-ounce gold bars imported from Switzerland. One-kilogram gold bars are the primary form of Comex trading and the mainstay of Swiss gold exports to the US. Cutting off this supply could push up New York gold prices in the short term.

SoftBank Group's shares surged as much as 13% on Friday, hitting a record high. The company reported profit for the first quarter of fiscal 2024 that far exceeded expectations.

US President Donald Trump signed an executive order allowing private equity, real estate, cryptocurrencies, and other alternative assets to be included in 401(k) plans. This represents a major victory for industries seeking to invest in these approximately $12.5 trillion in pension accounts.

Since the US and Japan reached a trade agreement last month, disagreements have arisen on numerous details, causing considerable confusion and posing potential risks to the agreement's implementation. At midnight Eastern Time on August 7th, the US will begin imposing "reciprocal tariffs" on its

Saudi Arabia has raised crude oil prices for Asian customers for the second consecutive month, demonstrating the world's largest crude oil exporter's confidence in its own crude oil demand amid months of OPEC+ production increases.

Bond investors are warning that if the U.S. Bureau of Labor Statistics (BLS) becomes a political tool, the $2 trillion Treasury Inflation-Protected Securities (TIPS) market could be the first sector to collapse.

According to people familiar with the matter, OpenAI is in early-stage talks about a potential employee stock sale that could value the company at approximately $500 billion. This represents a staggering increase in the value of the AI leader.

Advanced Micro Devices (AMD) reported quarterly profit below expectations on Tuesday, sending its stock down about 4% in after-hours trading. Here's how the chipmaker's results for the June quarter compared with Refinitiv (LSEG) estimates: Adjusted earnings per share: 48 cents