Major U.S. banks Bank of America, Goldman Sachs, Morgan Stanley, and JPMorgan Chase pledge trillions to bolster America’s infrastructure and strategic industries in response to AI-driven energy demands.

Time’s new AI-focused ads face resistance from AI search engine Perplexity, highlighting tensions over differentiated content and search engine policies.

Deutsche Bank notes that yield has become the primary driver in forex markets amid stable global growth. Fed hawkish repricing supports USD, while JPY remains pressured, and CHF is preferred for carry financing.

The HK SFC requires internet brokers and virtual asset platforms to replace one-time passwords with Passkeys to combat phishing. Large firms must comply immediately, with senior management bearing ultimate responsibility for internal control failures

A new Bank of America report highlights that India's core reforms in tax simplification, labor codes, energy security, and banking deregulation are deepening the domestic capital pool and boosting domestic demand, driving long-term structural shifts

Gold prices fell on Tuesday, retreating from a two-week high, as investors await the Fed's June meeting minutes to gauge Chairman Kevin Warsh's policy stance. The probability of a September rate hike dropped to 57% amid easing US-Iran tensions and re

Japanese Prime Minister Sanae Takaichi visited India to historicize bilateral ties, signing joint statements on AI, energy and supply chains with Prime Minister Modi to counter non-market risks.

A report shows India's AI job postings grew 16% in June, contrasting with a 3% drop in overall IT recruitment. As macro headwinds and AI disruption press the $315 billion IT sector, companies are shifting investments toward specialized tech talent, w

Global Gold Prices Rebound Past $4200 as Weak US Payrolls Alter Fed Outlook

Gold rose after weaker US jobs data lowered expectations for further Fed tightening, supporting a broader rally across precious metals.

Oppenheimer downgraded Goldman Sachs and Morgan Stanley to Underperform, and Citigroup and Bank of America to Market Perform, citing limited upside in late stage expansion. The brokerage urges profit taking in investment banking, recommending a rotat

Robust May US jobs report drives 2-year Treasury yields to 4.162%, with swap markets fully pricing a rate hike. New Fed Chair Kevin Warsh faces intense pressure ahead of his first meeting amid hawkish policy shifts and White House pushback.

The German lender's CFO explicitly declined to match JPMorgan's aggressive 4% deposit promotion in Germany. The intensifying retail competition has driven divergent market performances for the two banking giants.

European equity futures rise pre-market, driven by easing inflation fears as oil retreats and a partial Middle East ceasefire. HPE's 30% after-hours surge and Nvidia's supply constraints point to a strong open for tech sectors.

Li Auto reported a Non-GAAP net loss of 2.12 billion RMB for Q1 2026, with gross margin tumbling to 7.9% due to vehicle switchovers and raw material costs. Q2 guidance forecasts further double-digit declines.

UBS, HSBC, and Macquarie issue cautious forecasts for silver as high prices trigger industrial demand destruction. Analysts note that without central bank buying support and facing potential Fed rate hikes, silver may underperform gold.

The rapid adoption of generative AI has drastically reduced project hours, rendering traditional hourly billing unsustainable. Global consulting firms like McKinsey are reforming their business models to align fees with quantifiable outcomes and rest

The Suwon District Court rejected a DX division injunction to block the wage pact vote, clearing the way for DS division employees to share a 40-trillion-won bonus pool. The 80x gap in average payouts has fueled intense resentment and a surge in non-

North Carolina has sued Vietnamese EV maker VinFast (VFS) over a year-long construction halt at its 712-hectare site. The state aims to reclaim land rights and claw back 80 million dollars in state funds, following VinFast's massive 6.9 billion dolla

Lenovo Group shares jumped over 14% to a record HKD 15 in Hong Kong trading Friday after posting blockbusting FY25/26 Q4 results. Q4 revenue hit RMB 149.54 billion, up 27.1% YoY, while net profit skyrocketed 479.5%. Gross margin beat market consensus

Surging electricity prices are undermining Europe's competitiveness in artificial intelligence infrastructure. The cost disparity is driving data center investments toward the Nordics, while the US and China maintain significant advantages in grid sc

GitHub revealed that an employee device was compromised via a contaminated VS Code extension, leading to the exfiltration of around 4,000 core internal repositories, including Copilot source code and billing systems. Cyber security firm SlowMist note

The BoE views stablecoins as a new form of money and will open applications for systemic stablecoins by year-end. With 99% of the market USD-pegged and non-compliant with the US GENIUS Act, the BoE and FCA are aligning their timelines to boost GBP di

Deutsche Bank reports global central banks are reducing USD exposure and acquiring physical gold. Driven by geopolitical risks, if EM reserves drop and target a 40% gold allocation, long-term gold prices could surge significantly.

HSBC's $400M impairment exposes traditional banking risks in the $3.5T private credit market. As Blackstone marks down NAVs and funding costs shift, corporate borrowers are returning to traditional syndicated loans.

Driven by AI infrastructure crowding out consumer chip capacity and Middle East geopolitical frictions increasing raw material costs, PCB delivery times have extended significantly. Mainstream PC retail prices face substantial upward adjustments.

Patent analysis indicates ASML is leveraging its Twinscan dual-stage technology to develop wafer-to-wafer (W2W) hybrid bonding equipment. This strategic move could significantly shorten advanced production cycles and prompt a reassessment of the semi

Catalyzed by DeepSeek-V4's support for domestic AI chips and price hikes from overseas CPU giants amid supply constraints, the Semiconductor Equipment ETF surged over 4%. Core assets like Hygon Information climbed significantly as markets priced in t

Boosted by Intel's robust CPU demand forecast, the US semiconductor sector surged, with the SOX index eyeing a record 18-day winning streak. Sustained AI infrastructure demand drives earnings growth, signaling restored market confidence in tech valua

The US government has extended the Jones Act waiver until mid-August, allowing foreign-flagged vessels to transport crude and fertilizer domestically. This move aims to mitigate energy supply chain disruptions caused by the Iran conflict, easing dome