BEIJING (Reuters) – China announced additional fiscal stimulus on Wednesday, focusing on boosting consumption and mitigating the effects of an escalating trade war with the United States. Premier […]
Banks
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New Zealand Central Reserve Bank Governor Orr Resigns Unexpectedly
In a surprising turn of events, Reserve Bank of New Zealand Governor Adrian Orr has announced his resignation without providing a reason for his abrupt exit. The announcement […]
Economy
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‘He Finally Shot the Hostage’: Trump’s Trade War Is a Brutal Reality Check
President Trump’s trade war has become a harsh reality for investors and the economy. Despite frequent tariff threats during his campaign and after his election, many were uncertain […]
Technology
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Trump’s Crypto Picks Face Reality: XRP, ADA Hold Gains as Majors Slide
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 […]