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.
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
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.
Grayscale Groups Bitcoin, Litecoin, XRP and Zcash as Currencies
09-29
IRS Tightens Scrutiny of Section 351 ETF Transfers
09-29
U.S. Job Openings Ease as Bitcoin Falls to $82,776
09-29
Sam Altman lays out OpenAI’s three-part business plan
09-29
RIA Profit Margins Hit 39% as Organic Growth Slows
09-29
Bond Yields Rise as U.S. Stocks Face Fresh Pressure
09-29
Waller: AI could reshape payments as rules catch up
09-29
Tom Cruise Trades Action Heroics for Oil Tycoon Role in ‘Digger’
09-29
New York Judge Allows Epstein-Related Suit Against FirstBank to Proceed
09-29
New York delivery crackdown puts Amazon vans under scrutiny
09-29
Zano Network Stabilizes After Rollback of About 30 Days
09-29
SEC staff will not oppose Tesla’s automatic voting plan
09-29
A $123 Flight on Iraqi Airways: New Jets, Hot Meals and Pigeons
09-29
Carnival Sets Date for Q3 2026 Earnings Call
09-29
U.S. Blocks $967 Million of Canadian Imports
09-29
