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Gold hits record $4,000 while Bitcoin holds firm
Gold stormed into history on Monday after making yet another all-time high, trading dangerously close to $4,000 per ounce as traders scrambled for safety during the ongoing U.S. government shutdown an...
Japanese stocks lead Asia as Takaichi win propels Nikkei to record highs
Asia stocks trade mixed on Monday as concerns lingered over the extended U.S. government shutdown, with White House adviser Kevin Hassett warning that mass layoffs could follow if President Trump and ...
California Insurance regulator hits Tesla with enforcement notice
Tesla has been hit with an enforcement action by the California Department of Insurance (CDI) over claims of routinely delaying or denying claims. The enforcement action is coming after years of warni...
U.S. tech giants reached $20.8 trillion market cap, surpassing the EU’s $19.4 trillion GDP milestone
The Magnificent 7 collectively reached a combined market capitalization of $20.8 trillion, surpassing the EU’s GDP of $19.4 trillion. The GDP of the European Union stood at USD 19.42 trillion in 2024 ...
100,000 federal workers dropped from US government payroll during shutdown week
Roughly 100,000 federal workers have officially dropped off the government payroll this week, according to the Wall Street Journal , after the Trump administration’s deferred-resignation plan kicked i...
European stocks close strongest week in six months, as STOXX 600 closes at record highs
European equities wrapped up their strongest week in half a year on Friday, driven by heavy buying in healthcare and mining shares, as investors locked in wagers on another Federal Reserve rate cut la...
Trump-appointed Miran continues backing aggressive Fed rate cuts
Fed Governor Stephen Miran wants the central bank to apply a “brisk pace” in its rate cuts, differing from the opinion of other officials who advocate for a cautious approach. Dallas Fed President Lor...
Kazakhstan counts $2.3M in losses to unlicensed mining activities since 2024
Unlicensed mining operations continue to cause Kazakhstan financial losses, despite efforts to bring the whole industry out of the shadows. According to the latest estimate, damages incurred by the st...
Cerebras cancels IPO after $1.1B raise
AI chipmaker Cerebras withdrew from its highly anticipated IPO after holding off on pursuing the U.S. listing following a large fundraising round a few days ago. IPOX boss Joseph Schuster said the dec...
Bored Ape NFTs fall outside securities law, US judge rules
A California-based federal judge, Fernando M. Olguin, has reportedly dismissed a class-action lawsuit against Yuga Labs, the blockchain technology company that created the Bored Ape Yacht Club (BAYC) ...
Vietnam’s credit growth could inject liquidity into crypto markets
The State Bank of Vietnam (SBV) has predicted a big jump in credit growth, a move that is expected to see liquidity into global crypto markets amid rising adoption in the region. According to reports,...
U.S. Treasury plans a $1 coin featuring Trump for the 250th U.S. Independence anniversary
The Treasury Department confirmed on Friday it’s working on a $1 coin featuring Donald Trump, tied to the 250th anniversary of U.S. independence next year. The coin design was ordered by U.S. Treasure...