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China sanctiones five U.S. subsidiaries of Hanwha Ocean for aiding U.S. probes into its shipping sector

China sanctiones five U.S. subsidiaries of Hanwha Ocean for aiding U.S. probes into its shipping sector

China hit back Tuesday by sanctioning five U.S.-based subsidiaries of South Korea’s Hanwha Ocean, sending shares of the shipbuilder tumbling over 8% in Seoul. The Chinese government said the action wa...

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Tether and Celsius settle $4.3 billion fight for $299.5 million

Tether and Celsius settle $4.3 billion fight for $299.5 million

Celsius Network has received a $299.5 million settlement from Tether, the largest stablecoin issuer. According to a release published today, Celsius Network has concluded its lawsuit against Tether, w...

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Belarus forms task force to crack down on illegal crypto transactions

Belarus forms task force to crack down on illegal crypto transactions

Belarus is creating a working group to do away with illegal transactions with cryptocurrency, the country’s monetary authority announced. The new body will target unlicensed coin payments and cross-bo...

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Bitcoin’s correlation with gold climbs toward all-time high

Bitcoin’s correlation with gold climbs toward all-time high

The Bitcoin–gold correlation has risen sharply. According to analysts, BTC is increasingly behaving like gold. Once seen as a speculative asset, it has now established itself as a safe haven and a sto...

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JPMorgan rides trading and dealmaking boom to positive Q3 earnings report

JPMorgan rides trading and dealmaking boom to positive Q3 earnings report

JPMorgan crushed Wall Street forecasts in its third-quarter earnings report on Tuesday, with profit and revenue surging far beyond expectations as trading and investment banking brought in literally o...

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Crypto markets bleed further as weekend liquidations ripple through

Crypto markets bleed further as weekend liquidations ripple through

The crypto market is still reeling after this weekend’s massive wipeout. On Tuesday morning in London, Bitcoin dropped 2.9%, landing near $112,500, while Ether took an even harder hit, down over 5%, s...

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China quietly curbs magnet exports, undermining US trade promises

China quietly curbs magnet exports, undermining US trade promises

Companies making rare earth magnets in China have been dealing with tougher export checks since September, industry insiders say. This happened weeks before the government announced broader restrictio...

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Wall Street’s mixed finish drags global markets lower

Wall Street’s mixed finish drags global markets lower

Global markets are trading lower early Tuesday after a shaky trading day on Wall Street that left investors uncertain about what comes next amid renewed beef between the world’s biggest economies, acc...

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Bessent accuses China of deliberately harming the global economy

Bessent accuses China of deliberately harming the global economy

US Treasury Secretary Scott Bessent has accused Beijing of sabotaging the world economy by hoarding rare earths and other critical minerals as it throws shockwaves through global supply chains and sen...

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Governor Newsom greenlights first AI chatbot safety law in California

Governor Newsom greenlights first AI chatbot safety law in California

California Governor Gavin Newsom signed a new bill on Monday that establishes clear safeguards for new and emerging technology, such as artificial intelligence. The new legislation aims to further str...

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Asia markets ignore Wall Street rally, remain subdued amid renewed US-China trade jitters; Japan falls on political uncertainty

Asia markets ignore Wall Street rally, remain subdued amid renewed US-China trade jitters; Japan falls on political uncertainty

Asia stocks trade mostly lower on Tuesday, despite a strong Wall Street rally overnight amid easing US-China trade tensions, with Presidents Donald Trump and Xi Jinping expected to meet later this mon...

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A senior White House official told reporters they are working to make a deal for TikTok

A senior White House official told reporters they are working to make a deal for TikTok

A senior White House official said in an email to reporters that the Trump administration is collaborating with Oracle Corp. to craft a deal for TikTok. Details are still fuzzy about the extent of the...

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