On Monday, US President Donald Trump restated his desire for the United States to control Greenland, after announcing plans to appoint Louisiana Governor Jeff Landry as the island’s special envoy. “We need it to ensure national security,” Trump told reporters at his Mar-a-Lago estate in Florida on Monday. “We must have it. And he wants […]
Goldman Sachs plans to expand its acquisitions and investments in Japan’s booming corporate transaction market by approximately 800 billion yen ($5.1 billion) over the next decade, with a focus on mid-sized enterprises. Yoshiro Ito, managing director of the growth equity and private equity team at the Japanese branch of a Wall Street investment bank, said […]
After long-awaited government data showed that the US underlying inflation rate in November dropped to its lowest point in four years, economists at least agreed on one thing: Something is wrong. A report shows that several long-standing high-inflation categories seem to have almost vanished due to the record-breaking government shutdown. The most significant one is […]
Coinbase Global Inc. has announced its entry into the prediction market and stock trading sectors. The largest cryptocurrency exchange in the United States said on Wednesday that it is beginning to roll out these two services and will open them to all eligible users in the country within the next few weeks. “Coinbase is now […]
The most seasoned investors in Bitcoin are still cashing out – the pressure is starting to show. More than two months after Bitcoin’s price hit a record high of over $126,000, the token has dropped by nearly 30% and is struggling to find support. One reason is that long-term holders are still selling off. The […]
Mark Zuckerberg of Meta Platforms Inc. is expected to significantly cut resources devoted to building the so-called “metaverse”, a project he once regarded as the company’s future and the reason for changing the company’s name from Facebook Inc. to Meta Platforms Inc. According to people familiar with the matter, Microsoft executives are considering cutting the […]
Deutsche Bank, Goldman Sachs and other Wall Street banks predict that the US dollar will continue to fall next year as the Federal Reserve keeps cutting interest rates. In the first half of this year, the global market was thrown into chaos due to the trade war initiated by US President Donald Trump, causing the […]
Broadcom reported a relatively optimistic earnings report on Thursday. In the fourth fiscal quarter ending November 2, Broadcom reported sales of $18 billion. Excluding certain items, earnings per share increased to $1.95. Analysts had previously expected the company’s revenue to be $17.5 billion and earnings per share to be $1.87. At a subsequent conference call, […]
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, […]