Economy
May Jobs Report Ignites Rate Hike Fears, Sinking Big Tech Stocks
Wall Street saw a significant slump as a strong May jobs report boosted odds for higher interest rates, while big technology companies...
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Stocks
SpaceX 2040 Forecast: $3.4 Trillion Revenue, $2.7 Trillion EBITDA
Morgan Stanley projects SpaceX could achieve $3.4 trillion in revenue and $2.7 trillion in EBITDA by 2040, a forecast drawing skepticism from...
Economy
U.S. Adds 172,000 Jobs, Labor Market Gains Steam Amid Inflation Challenge
U.S. employers added 172,000 jobs in May, marking the third consecutive month of gains as the labor market strengthens. However, wage growth...
Stocks
Indian Stocks Rally on Hidden AI Infrastructure Wins
A 530% surge in Sterlite Technologies highlights how lesser-known Indian firms are benefiting from massive AI infrastructure spending, defying broader market trends.
Finance
US Banks Launch Tokenized Deposit Network Against Stablecoins
Major U.S. banks, including JPMorgan and Citi, are launching a tokenized deposit network by 2027. This blockchain-based system aims to counter stablecoin...
Markets
India’s Economic Recovery Imperiled by Fuel Shocks, Inflation
India's economic recovery faces headwinds as global energy shocks and rising domestic prices curb middle-class spending. This threatens consumption growth, compounding existing...
Finance
US Mortgage Rate Dips to 6.48%, Retreats From 9-Month High
The average long-term U.S. mortgage rate fell to 6.48% this week, easing from its highest level in nine months and offering relief...
Investing
Regulators Push Stablecoin Rules, Warn on AI Cyber Risks
U.S. bank regulators are prioritizing stablecoin rules and AI risk management, shifting focus from experimental tech to supervisory mandates. Officials warn of...
Investing
Global Investors Dump Indonesia as Prabowo Policies Fuel Market Rout
Indonesia's stocks tumble and rupiah sinks as global investors rapidly lose confidence in President Prabowo Subianto's populist and interventionist agenda.