Two of the digital assets in U.S. President Donald Trump’s proposed crypto reserve, XRP and Cardano (ADA), have performed strongly since his Nov. 5 election, even as others […]
Banks
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Reserve Bank of New Zealand’s Governor Resigns After Seven Years of Service
Adrian Orr, the Governor of New Zealand’s central bank, has announced his resignation effective at the end of the month after seven years in the role. Christian Hawkesby, […]
Technology
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Judge Denies Musk’s Request to Block OpenAI’s For-Profit Transition
A judge has rejected Elon Musk’s legal attempt to block OpenAI from transitioning into a for-profit entity. The decision was reported by multiple reputable sources including Reuters, CNBC, […]
Markets
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Trump’s Team Shifts Focus from Stock Market to 10-Year Treasury Yield Amid Tariff-Driven Sell-Off
President Donald Trump and his administration appear to have shifted their focus from the stock market to the 10-year Treasury yield as a measure of economic success. Despite […]
Technology
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Elon Musk suffers early loss in bid to block OpenAI restructure
A California judge denied Elon Musk’s motion on Tuesday to issue an injunction that would have forced OpenAI to halt its transition from a nonprofit to a for-profit […]
Economy
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China sets GDP target of 5% for 2025 amid tariff war with Trump
China has set its GDP target for 2025 at “around 5%”, a figure which was unveiled by Premier Li Qiang at the opening session of the National People’s […]
Economy
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Automakers warn that Trump tariffs will hike vehicle prices as much as 25%
WASHINGTON, March 4 (Reuters) – A trade group representing nearly all major automakers warned on Tuesday that new 25% tariffs on imports from Canada and Mexico imposed by […]
Banks
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CFPB Drops Lawsuit Against Banks Over Zelle Scams
The Consumer Financial Protection Bureau (CFPB) has withdrawn a significant lawsuit against three major U.S. banks concerning alleged inadequate safeguards on the Zelle money transfer network. Filed during […]
Economy
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Hong Kong firm to sell Panama Canal stake to BlackRock-backed group amid Trump pressure
In a significant development, a Hong Kong-based firm has agreed to sell its stake in the Panama Canal to a consortium backed by BlackRock. This $22.8 billion deal, […]