Tether Holdings SA, issuer of the world’s largest stablecoin, is in talks with investors to raise as much as $20 billion, a deal that could propel the crypto firm into the highest ranks of the world’s most valuable private companies. The El Salvador-based company is seeking between $15 billion and $20 billion in exchange for […]
Defense stocks rose across Europe and Asia after US President Donald Trump said NATO nations should shoot down Russian aircraft that violated their airspace and struck a more sympathetic tone on Ukraine’s chances of winning the war. A Goldman Sachs Group Inc. (GS) basket of European defense firms rose as much as 2.8%, with industry […]
US stock futures wavered after another record-setting day on Wall Street. Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) all fluttered around the baseline. On Monday, stocks jumped, clinching their third straight day of record closes. The tech-heavy Nasdaq Composite (^IXIC) led gains […]
SINGAPORE/BEIJING (Reuters) -Chinese buyers booked at least 10 cargoes of Argentine soybeans after Buenos Aires on Monday scrapped grain export taxes, three traders said on Tuesday, dealing another setback to U.S. farmers already shut out of their top market and hit by low prices. Argentina’s temporary tax move boosts the competitiveness of its soybeans, prompting […]
Stocks surged to fresh record highs this past week as the Federal Reserve delivered its first rate cut of the year, fueling what some strategists describe as a short-term “honeymoon rally.” Optimism around easier financial conditions and the artificial intelligence boom has powered equities higher, defying September’s reputation as a weak month for stocks. Bank […]
BYD Co. shares dropped the most in three weeks after a report that Warren Buffett’s investment firm offloaded its stake in the Chinese electric-vehicle maker. The stock fell 3.4%, ranking among the worst performers on a gauge of Chinese shares listed in Hong Kong. Berkshire Hathaway Inc. has exited its entire holding in BYD, according […]
(Bloomberg) — The Federal Reserve’s preferred gauge of underlying inflation likely grew at a slower pace last month, offering policymakers some breathing room to address weakness in the US labor market. A report on Friday is forecast to show the personal consumption expenditures price index excluding food and energy rose 0.2% in August, compared with […]
Dividend hikes are back in focus this autumn. Recently, the Federal Reserve just cut rates by 25 basis points to a 4.00–4.25% target range, the first move since last December 2024, sharpening the debate over how banks should balance higher payouts with capital discipline as 2025 growth expectations inch higher. This could lead to larger, […]
(Bloomberg) — It’s long been a somewhat unseemly fact about financial markets: They, and the humans who make them whir, must be dispassionate when it comes to the affairs of the world. Take the state of play right now: Equities are at record highs after a rally that added $16 trillion in market value this […]
(Bloomberg) — US stocks have defied skeptics this year as they climbed to records despite a global trade war, lingering fiscal fears and September’s gloomy reputation. But for investors fretting about the rally’s durability, the economy may be sending a warning that the momentum is about to fade. The S&P 500 Index has added $15 […]
Asian shares mostly retreated on Friday after a rally of technology stocks led by Nvidia and Intel pushed Wall Street to more records. Japan’s Nikkei 225 switched from gains to losses and was down 0.61% to 45,025.88 as of mid-afternoon in Japan, after the country’s central bank decided to keep its benchmark short-term interest rate […]
Sales of electric vehicles are growing strongly despite a certain unevenness in this growth across the globe. But overall, this growth is not strong enough to give battery researchers a break—work is still underway for batteries that are more reliable, faster to charge, and longer-living. In that, the EV industry may have a somewhat unlikely […]
