The conservative majority on the Supreme Court, in line with the Trump administration, seems ready to dismantle independent administrative agencies. This was evident from Monday’s oral arguments over the firing of Federal Trade Commission member Rebecca Kelly Slaughter. Allowing the president to dismiss commission members at will is part of a broader process of further […]
US President Donald Trump has approved NVIDIA’s export of its H200 artificial intelligence chips to China, but with an additional 25% surcharge. This move is expected to enable the world’s most valuable company to recover billions of dollars in losses from an important global market. Trump posted on his “Truth Social” to announce the decision, […]
The Japanese government confirmed in a revised report that the Japanese economy shrank in the three months ending in September, which to some extent explains the rationality of the economic stimulus plan announced by Prime Minister Saane Takaichi last month. Gross domestic product (GDP) declined by 2.3% at an annual rate in the third […]
After tech giants’ large-scale bond issuance intensified concerns that a bubble was forming in the artificial intelligence industry, Oracle’s credit risk indicator for debt closed at its highest level since the financial crisis. According to ICE Data Services, the cost of protection against Oracle’s debt default, based on credit derivatives prices at the New York […]
As the largest corporate holder of Bitcoin, Strategy is struggling with the decline in the token’s price, and this potential selling risk has also emerged. Strategy holds approximately 60 billion US dollars worth of cryptocurrencies, but has limited cash reserves. As a result, concerns are growing that its digital asset holdings might be sold off, […]
Christopher Waller, a member of the Federal Reserve Board, said that he advocated for a rate cut in December. However, once the Fed starts receiving a large amount of economic data from January, it may decide on rate cuts on a meeting-by-meeting basis. “As far as our dual mandate is concerned, I’m mainly focused on […]
Previously, both of them were absent from the G20 summit this weekend. The Chinese leader cited the anti-fascist alliance between the two countries during World War II and urged both sides to work together to “defend the fruits of victory in World War II”. A few hours after that phone call ended, Trump had […]
President Donald Trump said on Sunday that he has decided on his pick for the next chair of the Federal Reserve and made it clear that he wants his nominee to lower interest rates. “I know who I’m going to pick. That’s right,” Trump told reporters on Air Force One as he returned to Washington, […]
Russian President Vladimir Putin said that the proposal put forward by US President Donald Trump to end the war in Ukraine could serve as the basis for a future agreement, but there is no final version yet. At the same time, he also expressed his willingness to negotiate. Putin said at a press conference after […]
Investors are betting that the Federal Reserve will cut interest rates again at its policy meeting next month, which has dispelled the doubts about the prospects of rate cuts that still existed last week and laid the foundation for the rise in US bonds. Over the past three trading days, the new open interest of […]