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World Bank lifts China’s 2025 growth forecast to 4.8%
The World Bank on Tuesday raised its 2025 growth forecast for China to 4.8%, up from the 4% it projected in April, according to the World Bank’s East Asia and Pacific Economic Update. The revision ali...
US Supreme Court rejects Google’s bid to block PlayStore changes
The US Supreme Court rejected Google’s request to halt a series of significant PlayStore changes related to its antitrust dispute with Fortnite developer Epic Games. The Alphabet-owned tech giant was ...
Citadel’s Ken Griffin says gold, silver, BTC lead ‘debasement trade’
Citadel’s founder and CEO Ken Griffin confirmed the trend to pick silver, gold, and BTC as a ‘debasement trade’, counting on security against weakening fiat. Griffin believes individual investors are ...
Asia stocks rise on AI optimism; Nikkei hits fresh records on leadership change
Asia stocks trade mostly higher in thin holiday trading on Tuesday following Wall Street’s overnight gains, driven by the landmark deal between OpenAI and AMD that lifted sentiment around global AI gr...
ChatGPT has officially reached 800 million weekly users, up 60% since March
Sam Altman, the founder of OpenAI, stated that the company’s flagship product, ChatGPT, has recorded an impressive 800 million active users worldwide. Altman revealed the updated metrics during OpenAI...
Supreme Court ruling could force U.S. to refund $165B in Trump-era tariffs
The United States government could be on the hook for $165 billion in refunds if the Supreme Court rules that Trump’s tariffs were imposed illegally. Those tariffs, which collected massive sums from i...
U.S. national debt is climbing by nearly $6 billion every day
The U.S. Congress Joint Economic Committee data shows that the national debt is close to $38 trillion and increasing at a rate of roughly $6 billion daily. The total national debt now stands at about ...
Mike Novogratz's Galaxy expands into consumer finance, challenging Coinbase, SoFi, and Robinhood
Galaxy Digital Inc. launched GalaxyOne on Monday, describing it as a new financial technology platform for US-based investors to access high-yield cash products, cryptocurrency, and stock trading unde...
Trump's immigration crackdown could remove $240B consumer spending from US economy
Economists are warning that President Donald Trump’s tough immigration policies will cost the United States about $240 billion in economic output, as fewer people living in the country means less mone...
JP Morgan analysts turn bullish on Eurozone equities to join US rally
A major Wall Street investment bank changed its view on European stocks Monday, signaling that shares in the region now present better opportunities following an extended period of weak performance. J...
Data center deals stall in India as US tech firms pause leases
Major American technology firms are putting the brakes on plans to rent massive data centers in India as relations between Washington and New Delhi hit rough waters over trade disagreements. Big Tech ...
Grokipedia by Elon Musk set to debut in two weeks
Large language model maker xAI could launch its open-source repository to rival the online collaboratively edited encyclopedia Wikipedia within October, CEO Elon Musk said. The entrepreneur announced ...