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BlackRock to announce $700M UK data center investment during Trump visit
BlackRock plans to announce a £500 million ($700 million) investment in UK data centers in partnership with Digital Gravity Partners. The announcement will coincide with Trump’s state visit to the UK ...
Perplexity AI faces lawsuit from Encyclopedia Britannica and Merriam-Webster
Encyclopedia Britannica and Merriam-Webster have filed a lawsuit against artificial intelligence startup Perplexity AI, accusing the company of copyright infringement, trademark violations, and siphon...
Investors are holding over $7.6 trillion funds and they’re not moving it into Wall Street
There’s now over $7.6 trillion just sitting in money market funds, doing absolutely nothing flashy. That’s the highest on record, according to Crane Data, and most of this cash isn’t under mattresses ...
Trump's fraud allegations on Lisa Cook challenged
A signed loan estimate tied to Lisa Cook’s Atlanta home is now threatening to blow a hole straight through Trump’s fraud allegations. The document, reported by Reuters, clearly shows Cook told her len...
The Fed's balance sheet cuts are driving short-term borrowing costs higher
Short-term borrowing is getting expensive again in the U.S., and traders aren’t ignoring it. According to data from Bloomberg, the surge started when the Federal Reserve began slicing down its balance...
Polymarket is in talks for a new round of funding that could raise its valuation to $10 billion
Decentralized prediction market platform – Polymarket is in a new round of funding that could see the platform balloon in valuation as it readies for a highly anticipated launch in the US. The new fun...
Trump says he may file RICO charges against George Soros or his family for funding paid protests
President Donald Trump, speaking from the White House Friday, said his administration is looking into filing RICO charges against George Soros or members of his family. Trump made the comments during ...
U.S. collected $30 billion in tariffs in August and $165 billion so far this year
Revenue from President Donald Trump’s tariffs jumped in August. However, a recent court setback for the White House has raised the prospect that some of the money may have to be paid back. Treasury De...
Trump threatens new oil sanctions on Moscow after failed peace talks
US President Donald Trump has said that he is running out of patience with Russian President Vladimir Putin. To that end, he has threatened Moscow with new economic sanctions because peace talks with ...
China advances dollar challenge campaign with tighter grip on cross-border yuan deals
China’s central bank introduced new rules to oversee cross-border yuan deals between banks and boost the yuan’s use abroad, aiming to steady money flows and support offshore markets. In a notice outli...
Russian fraudsters target victims' digital ruble ahead of CBDC launch
Fraudsters are already using multiple schemes to exploit Russia’s new digital ruble, well in advance of its full-scale implementation, scheduled to begin next September. According to stakeholders quot...
Economists widely predict 25 bps Fed rate cut next week
The Federal Reserve is expected to cut interest rates in its September 16-17 FOMC meeting. A Reuters poll showed 105 of 107 economists predict a 25-basis-point reduction on September 17, which, if pas...