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Citadel founder says generative AI has yet to boost hedge Funds
Billionaire Ken Griffin, CEO of Citadel, has expressed skepticism about the impact of generative artificial intelligence (GenAI) on hedge fund performance. Griffin says that GenAI has not yet delivere...
India pauses Russian oil buys following Trump and Modi talks
Indian refiners are freezing Russian oil deals after President Donald Trump announced that Prime Minister Narendra Modi had agreed to stop taking Russian crude, according to Bloomberg. Trump’s comment...
Nio faces Singapore lawsuit for alleged revenue manipulation as shares plunge
Singapore’s sovereign wealth fund has launched a major lawsuit against Nio, claiming the Chinese electric vehicle maker manipulated its revenue reports and misled investors. Shares of Nio trading in H...
ThumzUp Media to let influencers earn in Dogecoin
Digital advertising company Thumzup Media announced plans to integrate Dogecoin (DOGE) into its influencer rewards app. The platform provided by the company enables users to earn money by sharing auth...
Asia stock mixed as US-China tensions weigh; Australia hits record high on rate cut hopes
Asia stocks trade mixed on Thursday, despite positive momentum carried over from a strong Wall Street close, which was supported by encouraging earnings reports from major U.S. banks. Australia was a ...
Global policymakers uneasy over data blackout from US government shutdown
The ongoing American government shutdown has cut off important economic information that officials in Japan and other nations depend on when making decisions about their own financial policies, creati...
Country of origin tags on public profiles coming to Musk's X soon
Social media platform X is internally testing a new transparency feature that will show the country of origin on user profiles. Head of Product Nikita Bier revealed the upcoming update on Tuesday, say...
Europe's auto industry fears supply disruptions as China tightens rare earth exports
Europe’s car industry is bracing for major supply problems after China announced stricter limits on shipping rare earth materials abroad. Industry officials worry these new rules could spark months of...
China oil route disrupted as US sanctions hit key Rizhao terminal
Three massive oil tankers have diverted from China’s main crude port Rizhao after President Donald Trump sanctioned the Rizhao Shihua Crude Oil Terminal for importing Iranian oil amid his renewed beef...
China backs yuan to strongest level in nearly a year as US trade war hits markets
China stepped in on Wednesday to support the yuan, showing how far Beijing is willing to go to keep its currency stable as the trade war with the United States stretches on. The People’s Bank of China...
Chinese firms turn to Hong Kong IPOs amid rising tensions with Washington
Chinese companies have withdrawn from listing in the U.S. this year amid rising tensions between Beijing and Washington, as well as increased regulatory scrutiny in the U.S. Data provider Dealogic not...
Asia markets rebound on Powell's dovish signal, but U.S.-China tensions keep sentiment fragile
Asia stocks trade higher on Wednesday, recovering from steep losses incurred earlier in the week. This relief rally was primarily driven by dovish comments from Federal Reserve Chair Jerome Powell and...