Trump says US will hike Canada auto tariffs to 50% as trade war escalates
President Trump announced a 50% tariff on Canadian auto imports starting Jan. 1, 2027, escalating a trade conflict that also covers broader Canadian goods and h
US Top News and Analysis · +4 outlets
Trump admin unveils anti-Iran global sanctions plan, signals China not exempt
The Trump administration announced a plan to isolate Iran's economy with secondary sanctions on enablers, as the Middle East conflict drives up costs for US gra
US Top News and Analysis · +2 outlets
Nvidia employee charged with smuggling advanced chips into China
Federal prosecutors charged a Taiwan-based Nvidia manager as the central figure in a scheme to smuggle AI servers containing advanced chips into China.
International homepage · +1 outlets
Supreme Court allows Trump restrictions on mail-in ballots ahead of midterm elections
The US Supreme Court lifted an injunction blocking Trump's order to restrict mail-in ballot eligibility, with the three liberal justices dissenting.
International homepage · +2 outlets
Bitcoin surges past $80,000 as crypto rally gathers pace
Bitcoin broke above $80,000, extending a rally fueled by renewed spot ETF inflows and improving risk appetite.
US Top News and Analysis · +3 outlets
Shein targets $27 billion Hong Kong IPO, a fraction of its 2022 valuation
Shein plans to raise up to $1.77 billion in a Hong Kong IPO at a $27 billion valuation, down sharply from its peak private valuation.
US Top News and Analysis · +1 outlets
Paramount CEO David Ellison at final hurdle before buying WBD, cannot clear it
An antitrust challenge by state attorneys general, including California's, has stalled Paramount CEO David Ellison's deal to acquire Warner Bros. Discovery.
US Top News and Analysis · +1 outlets
Gold hits over three-month high on dollar weakness, Treasury bond buyback plans
Gold prices rose to their highest in over three months, supported by a weaker dollar and the Treasury's buyback announcement.
US Top News and Analysis · +2 outlets
SEC subpoenas Wall Street banks over hedge fund Situational Awareness
The SEC is investigating trading activity related to the hedge fund Situational Awareness, which was forced to exit many positions last month.
Fortune · +1 outlets
JPMorgan eases approach on lending against shares to court AI's new wealth
JPMorgan shortened the time horizon for SpaceX workers and investors to borrow against stock holdings and may do the same for Anthropic.
International homepage
Alibaba shares fall 8% after $10 billion Hong Kong share sale at discount
Alibaba shares slid after the company offered a $10.2 billion AI-related share sale in Hong Kong at a sharp discount.
Reuters
Xpeng shares sink as weak delivery forecast overshadows $6.3 billion robot unit valuation
Xpeng's stock dropped after weak delivery guidance, even as its robotics business secured a valuation near that of its core EV business.
US Top News and Analysis · +1 outlets
Bessent could tap near $1 trillion Treasury General Account to fund bond buybacks
Treasury Secretary Bessent may use the Treasury General Account to influence long-term bond yields, though prediction markets doubt it will push yields lower.
US Top News and Analysis · +1 outlets
Treasury yields steady as traders await more economic data
US Treasury yields steadied as investors waited for additional data releases for insights into the economic picture.
US Top News and Analysis · +1 outlets
OnlyFans owner received $700mn in dividends before his death this year
The owner of OnlyFans took $700 million in dividends before dying this year; the platform now has 5 million creator accounts.
International homepage · +1 outlets
Porsche inks $1.5 billion AI deal with India's Tata Consultancy Services
TCS secured a $1.5 billion contract to deploy AI for German sports carmaker Porsche.
US Top News and Analysis
Goldman Sachs partner warns of 'huge danger' in letting AI replace bankers' reasoning skills
A Goldman Sachs senior tech leader warned that over-reliance on AI could weaken the reasoning skills of future bankers.
US Top News and Analysis · +1 outlets
Jamie Dimon and wife Judith donate $12 million to 12 HBCUs
The Dimon foundation donated to 12 UNCF schools as HBCUs brace for a federal funding pullback.
Fortune · +1 outlets