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24/7 News

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8/24
00:53
Trade Minister Park Jung-sung stated that tariffs, subsidies, industrial policies, supply chain alliances, and export controls are emerging as key tools for shaping the global trade order.
00:52
The next Bitcoin cycle will be the strongest ever, Strive CEO says, citing Bitcoin's strong performance against the dollar and gold.
00:49
A Hong Kong court has approved Logan Group Co.'s implementation of its debt restructuring plan, more than four years after the company defaulted amid China's property crisis.
00:47
Stablecoin neobank Fasset landed a $1 billion valuation after raising $68 million. The firm's revenue has grown six-fold as stablecoin payments and settlement expand, CEO Mohammad Raafi Hossain told CoinDesk.
00:36
Economists highlight the challenge of translating the country's faster-than-expected economic expansion into better wages and greater financial security for households and small businesses.
00:32
The inflows were supported by a stronger rupiah and expectations that the central bank will maintain interest rates after a 100-basis-point increase this year.
00:22
Due to the conflict in Iran and Houthi attacks, insurance companies have raised insurance prices or restricted coverage for ships and other companies in the region, prompting the Saudi government to consider launching state-backed war insurance to counter rising costs.
00:03
According to an analysis by Nick Timiraos's colleagues Anthony DeBarros and Peter Santilli of former Federal Reserve Governor Kevin Warsh's predictions, Kevin Warsh remained consistently pessimistic about the economy's productive capacity in the years following the financial crisis. Compared to his peers, Kevin Warsh was less inclined to view high unemployment as idle capacity that would suppress prices. By his last few meetings, he believed the economy could not sustainably employ as many people as it once could.
8/23
23:55
Goldman Sachs, in its research report published on August 23, stated that driven by better-than-expected Q2 earnings and an optimistic outlook from equipment suppliers, it has raised its year-over-year growth forecast for global Wafer Fab Equipment (WFE) from 32% to 36% for 2026, from 32% to 45% for 2027, and from 12% to 29% for 2028. Key growth engines include TSMC's N2 process expansion, HBM4 migration, and Intel's recovery, as well as investments in the SpaceX/Tesla Terafab project.
23:50
Zijin Mining Group Co. stated that its full-year copper production target is under pressure due to flooding at a major Congolese mine, which adds to global supply concerns as the metal trades near a record high.
23:49
Alibaba's Southeast Asian e-commerce platform Lazada announced that it will reduce investment in low-quality goods and instead allocate more resources to brand merchants and quality consumers to strengthen its brand e-commerce strategy. This move aims to improve profitability and address the increasingly stratified consumption and structural upgrade potential in the Southeast Asian e-commerce market. Lazada Group President and Singapore CEO, James Dong, pointed out that as of the first half of 2026, nearly 10,000 Tmall merchants have joined its "one-click easy overseas expansion" model, with a single-month transaction volume exceeding 400 million RMB in June this year.
23:49
Andrew Sheets, Head of Global Fixed Income Research at Morgan Stanley, stated in his latest report that despite the US federal debt increasing by $20 trillion over the past decade and surpassing $40 trillion, the continuous improvement in corporate and household balance sheets constitutes a crucial buffer against shocks. The report suggests that the real risk lies in the rebalancing of asset allocation, specifically when bond yields become attractive enough to substantially compete with stocks for investors, a shift that has not yet occurred. The firm is bullish on UK inflation-linked bonds and the Australian dollar, while maintaining a relatively cautious stance on the US dollar.
23:18
Volkswagen CEO Oliver Blume stated that the specific details of the plan will be officially disclosed to employees and union representatives this week. This move aims to address the multiple pressures facing the European automotive industry, including high energy costs, tightening regulations, and increasing competition from electric vehicles. Christiane Benner, Deputy Chairwoman of Volkswagen's Supervisory Board and head of the IG Metall union, called the proposal to cut 50,000 jobs a "harsh provocation" and said that employees' trust in management had been "severely damaged."
23:12
According to The Economic Times, India's market regulator (SEBI) has rejected settlement applications from overseas funds holding significant stakes in Adani Group companies, stating that the terms offered did not meet the regulator's requirements. As many as 13 overseas portfolio investors had sought to settle an investigation that began in 2020, which aimed to ascertain whether these funds were genuine public shareholders or entities acting on behalf of the Adani Group founders.
23:06
Pepperstone research strategist Dilin Wu said the bond market is "ahead of the Federal Reserve," and rising US government bond yields are a structural issue in the economy. She warned that Federal Reserve Chairman Kevin Warsh is left with only bad options in addressing the rising cost of US bond servicing.
22:59
Blockchain analysis platform Lookonchain monitoring shows that the largest short positions on the blockchain are currently held by market makers' hedging accounts. Among them, Abraxas Capital, Fasanara Capital, and Wintermute collectively hold short positions of 138,569 ETH (worth approximately $338 million) and 3,425 BTC (worth approximately $265 million).

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