News

Trump's Fed chair candidates list narrowed down to five by Bessent after interviews, sources say

Treasury plans to hold another round of interviews with all five candidates in the coming weeks and months.

China retaliates against U.S. port fees with new charges on American ships

The move comes a day after China ramped up restrictions on rare earths exports amid ongoing tensions with the U.S.

China's property slump this year is looking much worse than expected, S&P says

China's real estate market is on track to drop more than previously expected this year due to the lack of government support, S&P Global Ratings said.

'Bitcoin is not an asset class': UK's biggest investment platform has a stark warning for investors

"We do not think cryptocurrency has characteristics that mean it should be included in portfolios for growth or income," Hargreaves Lansdowne said.

Former Fed Governor Larry Lindsey withdraws name for Fed chair

Former U.S. Federal Reserve Governor Larry Lindsey has withdrawn his name from the list of candidates for the next potential chair of the Federal Reserve.

China’s Golden Week travel boom masks a bruising price war

China's last public holiday of the year reinforced a nationwide trend: more people and businesses flocking toward an industry — driving prices sharply lower.

Divided Fed officials saw another two interest rate cuts by the end of 2025, minutes show

Officials were strongly inclined to lower rates, with the only dispute seeming to be over how many cuts were coming.

Ray Dalio says today is like the early 1970s and investors should hold more gold than usual

"Gold is the only asset that somebody can hold and you don't have to depend on somebody else to pay your money for," Dalio said.

NYSE-owner Intercontinental Exchange rises after it takes $2 billion stake in Polymarket

Intercontinental Exchange rose more than 3% in the premarket after the company announced it took a $2 billion stake in prediction markets platform Polymarket.

World Bank raises China growth forecast to 4.8% despite U.S. trade tensions

The World Bank now projects 4.8% growth for China, up from 4.0% predicted earlier this year.

Paul Tudor Jones says ingredients are in place for massive rally before a 'blow off' top to bull market

Paul Tudor Jones said today's market is reminiscent of the setup leading up to the burst of the dotcom bubble in late 1999.

Mike Novogratz's Galaxy Digital jumps 10% after launching retail trading app to compete against Robinhood

Galaxy Digital introduced a commission-free trading platform, Galaxy One, on Monday that offers similar services to rival Robinhood.
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