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Iran says it fully controls the Strait of Hormuz, according to IRIB.
Iran says it fully controls the Strait of Hormuz, according to IRIB.
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Gold futures opened flat at $4,468.80 an ounce, with a monthly gain of nearly 10%, as the market focused on the PPI report to gauge the Federal Reserve's September rate hike prospects.
Gold futures for December delivery opened at $4,468.80 per ounce on Thursday, August 13, Eastern Time, flat with Wednesday's closing price, and were trading at $4,441.10 as of 7:53 AM. Gold prices hav
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US Democratic Senator Warren and Representative Garcia send letter to Donald Trump, demanding disclosure of stock trading managers and explanation for suspicious trades
Two Democratic lawmakers, in a letter, pointed out that Donald Trump has engaged in a significant number of stock trades since returning to the White House, raising concerns about potential insider tr
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Dow Jones futures and S&P 500 futures rose slightly early Thursday, while Cisco Systems and Coherent were notable overnight earnings losers.
Nasdaq futures were little changed. The broader stock market saw modest gains for the S&P 500, Nasdaq, and Russell 2000, aided by a tame CPI report. AI hardware and buildout stocks also rose, fueled b
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Human rights organizations say Israel is massively exporting rubble from the Gaza Strip, which is accused of aiming to hide evidence of war crimes and permanently alter the local landscape.
Human rights organizations and monitoring bodies indicate that Israel is systematically and extensively crushing, mixing, and removing millions of tons of rubble from the Gaza Strip. The Euro-Med Huma
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Iran's FARS News Agency Reports Oil Spill Cleanup in Strait Reaches Final Stages
Iran's FARS News Agency Reports Oil Spill Cleanup in Strait Reaches Final Stages
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Kaplan Says Fed Right Not to Raise Rates in July
Robert Kaplan, Goldman Sachs Vice Chairman and former Dallas Fed President, says the Federal Reserve was right to not raise interest rates at the meeting in July.
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Despite the UK economy growing by 0.4% in the second quarter, the International Monetary Fund warned that a war with Iran could hit UK economic growth harder than other rich nations.
Official UK data shows that the economy grew by 0.4% in the second quarter, following a 0.6% increase in the first quarter, with business investment rising by 1.7%, exceeding the expectations of econo
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BofA Raises 2030 Server CPU Market Forecast to Over $210 Billion from $170 Billion, Driven by AI Agents
Bank of America (BofA) has increased its 2030 server CPU market forecast, now expecting it to exceed $210 billion, up from the previous estimate of $170 billion. This revised projection is nearly five
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CreditSights analysis suggests the Federal Reserve may maintain interest rates until the first half of 2027.
The agency noted that U.S. July inflation slowed from 3.5% to 3.4%, with decelerating wage growth and weakening employment data. Labor market uncertainties may prompt the Federal Reserve to remain on
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Hong Kong SFC: Hearing Adjourned in Criminal Proceedings for Non-compliance with Notice in Market Manipulation Investigation
Hong Kong SFC: Hearing Adjourned in Criminal Proceedings for Non-compliance with Notice in Market Manipulation Investigation
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US government debt nears $40 trillion, with this year's deficit projected at $1.887 trillion and interest payments expected to hit $1.1 trillion.
US government debt nears $40 trillion, with this year's deficit projected at $1.887 trillion and interest payments expected to hit $1.1 trillion. The government continues to promise more spending, wit
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Russian Diesel Exports Hit Multiyear Low in Early August Amid Refinery Attacks and Export Restrictions
Russian diesel and gasoil exports fell to just 80,000 barrels a day in the first seven days of August, marking a fresh multiyear low. This figure is significantly down from over a million barrels a da
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US Mortgage Rates Mixed on August 13: 30-Year Fixed Falls to 6.58%, 5/1 ARM Drops to 6.31% Amid Continued Volatility
According to Zillow data, the 30-year fixed-rate purchase loan fell 7 basis points to 6.58%, while the 15-year fixed purchase loan increased by 1 basis point to 6.01%. The 5/1 adjustable-rate mortgage
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U.S. Treasury yields dip, with 10-year note falling over one basis point to 4.674%, as Wall Street awaits wholesale inflation data
The 2-year Treasury note yield fell over 2 basis points to 4.176%, and the 30-year Treasury bond yield fell one basis point to 5.236%. Investors are digesting July's inflation print and looking ahead
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European Central Bank Survey: Cash Remains Most Accepted Payment Method in Euro Area at 92% Acceptance, Mobile Payments Surge to 68%
European Central Bank Survey: Cash Remains Most Accepted Payment Method in Euro Area at 92% Acceptance, Mobile Payments Surge to 68%
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SpaceX Passes First Lockup Expiry Test With $500 Billion Rally, Easing Wall Street's Concerns Over Potential Flood of Shares After Aug. 6 Expiry
SpaceX Passes First Lockup Expiry Test With $500 Billion Rally, Easing Wall Street's Concerns Over Potential Flood of Shares After Aug. 6 Expiry
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Anthropic is in negotiations to acquire AI startup Decart AI at a valuation of approximately $6 billion, aiming to optimize chip efficiency and reduce hashrate costs.
Anthropic, the developer of the Claude model, is in acquisition talks with AI startup Decart AI, with the deal valued at approximately $6 billion. This would be Anthropic's largest known acquisition t
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Kyungpook National University to launch employment-linked Mobile AI Engineering program with Samsung Electronics, admitting 20 students for 2027 academic year.
Kyungpook National University to launch employment-linked Mobile AI Engineering program with Samsung Electronics, admitting 20 students for 2027 academic year.
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South Korea's KOSPI index rose 3.6% on Thursday, rebounding approximately 22% from its July 30 low to enter a technical bull market.
South Korea's benchmark stock index, KOSPI, rose 3.6% on Thursday, rebounding approximately 22% from its July 30 low, officially entering a technical bull market. This rally was primarily driven by ch
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Bank of Japan: JGB fails decreased to 309 cases in July, with total face value of 19.73 billion yen
The Bank of Japan's latest data for July 2026 shows that the number of Japanese Government Bond (JGB) fails decreased to 309 cases, down from 403 cases in June. The total face value of these fails als
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Nigerian Central Bank Widens Open Market Operations Access to All Eligible Investors, Including Individuals, Corporates, and Non-Bank Financial Institutions
Nigerian Central Bank Widens Open Market Operations Access to All Eligible Investors, Including Individuals, Corporates, and Non-Bank Financial Institutions
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Europe’s AI Stocks Drive Stoxx 600 Gains Despite Low Tech Exposure
Europe’s AI Stocks Drive Stoxx 600 Gains Despite Low Tech Exposure
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South Korea's Yanolja to launch AI hotel concierge globally after India trial, deploying eight specialized AI agents
Yanolja's hospitality technology affiliate, Yanolja Cloud Solution, announced Thursday it will officially launch Pulse AI, a multi-agent platform designed to automate hotel operations throughout a gue
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Ripple CLO Stuart Alderoty says September 15 will be a "bellwether" for the "Clarity Act" to advance in Congress.
Alderoty pointed out that on September 15, the Senate will hold its first procedural motion on the bill, the "motion to proceed," which requires 60 votes to pass. He warned that if the legislation fai
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U.S. Treasury to auction $16 billion in 20-year bonds Wednesday, facing highest borrowing cost in six years
The auction aims to help finance the country's nearly $1.8 trillion budget deficit this year. Investors are anticipated to demand a yield close to 5.8%, which would be the highest cost for Washington
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A rare divergence has emerged in the government bond market, with 30-year and 2-year bonds moving in different directions.
A rare divergence has emerged in the government bond market, with 30-year and 2-year bonds moving in different directions.
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Trump administration is considering imposing restrictions on Chinese open-weight AI models, Nikkei Asia reports
The move comes as China's DeepSeek recently released its V4 Pro open-weight AI model, intensifying debate in Washington and Silicon Valley on how the U.S. should respond to the rise of such Chinese AI
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Mortgage Rates Rise Slightly, With 7% Rates Back on Table Amid Bond Selloff
Mortgage rates rose slightly on Tuesday due to a deepening bond market selloff. Investors are offloading Treasurys amid concerns over the expanding U.S. debt load, government borrowing needs, and moun
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The U.S. Securities and Exchange Commission (SEC) proposed providing a securities registration exemption for crypto asset offerings that meet certain thresholds.
The U.S. Securities and Exchange Commission (SEC) proposed providing a securities registration exemption for crypto asset offerings that meet certain thresholds.
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Wyoming Replaces LayerZero for State Stablecoin Due to Security Concerns, Marking First US Government Blockchain Infrastructure Switch on Security Grounds
Wyoming's decision to replace its blockchain infrastructure for the state stablecoin specifically on security grounds makes it the first U.S. government entity to publicly do so. This move sees Wyomin
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US Energy Under Secretary Haustveit says about half of Venezuela's oil output is now being exported to the US
US Energy Under Secretary Haustveit says about half of Venezuela's oil output is now being exported to the US
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Politico: Several independent U.S. oil producers are expected to sign production contracts with Venezuela's state oil company PdVSA on Tuesday.
The agreements are expected to significantly expand U.S. energy involvement in Venezuela, according to Politico, citing three sources familiar with the matter. The signing ceremony is anticipated to t
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Inside the Race to Build America’s First Nuclear Reactor in a Generation
At the Idaho National Lab, Oklo and its rivals are competing to revive the long-stagnant nuclear industry, driven by renewed interest in atomic energy and the boom in AI.
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White House: Violent Crime in the U.S. Fell Significantly During the Donald Trump Administration, with Violent Crime Rate Down 9.3% and Murder Rate Down 18.1% in 2025
The White House announced that, according to the latest 2025 Uniform Crime Report released by the Federal Bureau of Investigation (FBI), the violent crime rate in the United States significantly decre
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The United States on Tuesday downplayed hopes of reaching a trade deal with Canada.
The United States on Tuesday downplayed hopes of reaching a trade deal with Canada.
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SEC Proposes 'Regulation Crypto Assets' to Create Clear Framework for Crypto Asset Investment Contracts
The U.S. Securities and Exchange Commission announced it has proposed new rules, titled “Regulation Crypto Assets,” aimed at establishing a clear and fit-for-purpose framework for certain investment c
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Ex-Tricolor Executives Face SEC Lawsuit After Firm Collapse
The US Securities and Exchange Commission (SEC) has sued Tricolor Holdings founder Daniel Chu, who already faces federal charges, and two other former executives. They are accused of allegedly defraud
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Former US National Security Advisor Sullivan stated that Donald Trump would eventually have to make a "bad deal" with Iran.
Former US National Security Advisor Jake Sullivan stated that as Iran increases its leverage in negotiations with the United States, Donald Trump will ultimately have to "bite the bullet and make a ba
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At least five grain ships struck near Russian Black Sea ports of Novorossiysk and Tuapse amid heightened Ukrainian strikes
At least five grain ships struck near Russian Black Sea ports of Novorossiysk and Tuapse amid heightened Ukrainian strikes
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OpenAI institutes new safeguards after Hugging Face breach, including enhanced monitoring and network isolation
OpenAI announced new security policies on Tuesday, focusing on containing security incidents during model testing. These measures include more detailed monitoring of models during development, greater
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Broadcom's stock has outperformed the market in 12 of the past 13 years, with analysts suggesting it could do so again in 2026 amid strong AI chip growth
Broadcom's CEO previously stated that the company's AI chip revenue could exceed $100 billion next year. The company's revenue also grew 48% in its most recent quarter, driven by partnerships with hyp
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BlackRock and VanEck reports explain Bitcoin's 50% crash, citing extreme leverage and capital rotation to AI funds
BlackRock's "Re-Underwriting Bitcoin" whitepaper attributes the crash to a market dangerously stretched by October 2025, with futures open interest topping $90 billion, 80% of which was in offshore pe
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Musk stated that SpaceX is expected to achieve an annual revenue of $1 trillion by 2030, one year ahead of schedule.
Elon Musk stated that SpaceX is expected to achieve $1 trillion in annual revenue by 2030, one year ahead of schedule. Analysis indicates that to reach this goal, SpaceX would need to achieve a five-y
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Analysts Predict: SpaceX Stock Price Could Fall Below $100 in the Next Year
The analyst pointed out that SpaceX's stock price, based on its current market capitalization of $1.9 trillion and trailing 12-month revenue of $23 billion, has a price-to-sales ratio of 83x, signific
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Rocket Companies (RKT) stock slipped 2% to $14.50 in Tuesday trading, extending Monday's 2% decline, as higher rates and weak mortgage activity weighed on the housing market.
The stock remains over 40% below its 52-week high. Rocket Companies' Monday performance, with a 2% drop, was better than UWM Holdings (UWMC)'s 6% decline, suggesting it has recently held up better tha
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Arm CEO doubles AGI CPU demand pipeline to over $2 billion for FY2027-2028, up from $1 billion previously
Arm Holdings CEO Rene Haas announced on the fiscal Q1 2027 earnings call that the customer demand pipeline for its Arm AGI CPU has doubled to more than $2 billion for fiscal years 2027 and 2028, an in
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Gorilla Technology (GRRR) stock rises 3% to $15.47 after Compass Point initiates coverage with a Buy rating and $44 price target
The bullish initiation by Compass Point highlights the potential scale of Gorilla Technology's commercial pipeline, particularly its five-year NeutraDC Batam project in Indonesia, which is expected to
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