BUSINESS
Gold holds losses with US rate-cut outlook muddled by data void
Despite its recent pullback, gold has gained 54% this year and remains on course for its best annual performance since 1979.
CRYPTOCURRENCY
Fear engulfs Bitcoin traders betting on free fall to $80,000
The broader market has been reeling since a sharp liquidation wave in early October erased about $19 billion in digital assets.
BUSINESS
Amazon seeks $12 billion from first US bond sale since 2022
The power capacity of Amazon’s data center fleet has doubled since 2022, and Chief Executive Officer Andy Jassy has said he expects it to double again by 2027.
CRYPTOCURRENCY
Bitcoin humbles Wall Street faithful after $600 billion fall
Wall Street has shown up, exchange-traded funds are bringing crypto into mainstream portfolios and the Trump administration has fully embraced crypto.
BUSINESS
Peter Thiel’s fund sold off entire Nvidia stake last quarter
The Thiel Macro fund now counts Apple Inc., Microsoft Corp. and a reduced stake in Tesla Inc. as its main bets, according to a 13F filing.
BUSINESS
Crypto’s riskiest coins plummet to lows not seen since Covid
The low-point came as Bitcoin, the largest cryptocurrency, erased what was until recently a 30% year-to-date gain, just weeks after setting an all-time high
INDIA
Glut-haunted oil markets get lifeline from India, China buying
Global benchmark Brent has sunk 15% this year, making it one of the worst performing major commodities
WORLD
China escalates Japan spat with threats of economic reprisal
The diplomatic crisis risks unraveling recent progress in bilateral ties, a few weeks after Takaichi met with Chinese President Xi Jinping and agreed to improve relations
BUSINESS
Bitcoin humbles Wall Street faithful after $600 billion plunge
After topping $126,000 in October, Bitcoin has fallen sharply, briefly wiping out its 2025 gains before stabilizing on Monday morning in Asia
WORLD
Trump visa crackdown triggers drop in international student enrollment in US
The number of foreign students starting college for the first time decreased 17% this semester
MARKETS
Nomura said to probe if profits inflated at India bond desk
Trading volumes in Strips jumped to Rs 2.47 lakh crore ($28 billion) in the year ended March 31, more than six times higher than five years ago
WORLD
Trump says he’d back bill to sanction Russia’s trading partners
The bill would allow Trump to impose tariffs of up to 500% on imports from countries that buy Russian energy products and are not actively supporting Ukraine
BUSINESS
Bitcoin erases year’s gain as crypto bear market deepens
The dominant cryptocurrency fell below $93,714 on Sunday, pushing the price beneath the closing level reached at the end of last year, when financial markets were rallying following President Donald Trump’s election victory.
BUSINESS
Asian stocks have cautious start, bitcoin in focus
Japan edged lower along with Australia, while South Korean equities rose. The yen held steady after Japan’s economy contracted for the first time in six quarters.
WORLD
Scott Bessent says Donald Trump’s $2,000 checks would need Congressional vote
Trump, who has touted the billions raised in US tariff revenue this year, has talked about the checks as public frustration mounts over the cost of living
WORLD
Marjorie Greene says Trump’s GOP ‘traitor’ label puts her life in danger
Trump called Greene a traitor and “a disgrace” to her party in a social post on Saturday
WORLD
Switzerland defends role of executives in securing US trade deal
Some political parties, including the Greens, had questioned the agreement, in particular the involvement of billionaire Swiss executives
WORLD
Trump likely to sell F-35 fighters to Saudis, US official says
The sale of F-35s, if completed, would be a major concession to Saudi Arabia as Washington and Riyadh look to deepen their ties and as Trump presses the country to join the Abraham Accords and normalize relations with Israel.
BUSINESS
Thailand says US trade talks separated from Cambodia border deal
Washington had earlier moved to halt trade negotiations pending Thai compliance over the peace declaration with Cambodia signed last month.
BUSINESS
Trump buys another $82 million of corporate and municipal bonds
New disclosures show that Trump’s purchases of at least $82 million include bonds from Netflix Inc., UnitedHealth Group Inc., Boeing Co., Meta Platforms Inc., Home Depot Inc., Broadcom Inc. and Intel Corp., of which the US government acquired a stake under his administration
BUSINESS
Google to lift India data hub plan above $15 billion, says Chandrababu Naidu
CM Naidu said the US-based company’s plans to build a data center in the state is “to start with.”
INDIA
IITs see opportunity in Trump’s H-1B curbs
For decades, graduates of the IITs — which accept fewer than 2% of those who apply — have flocked to the US to work in lucrative sectors from finance to technology.
CRYPTOCURRENCY
Bitcoin is on the verge of erasing year's gain as rout deepens
The largest digital-asset is on the verge of wiping out its gains for the year, dropping as much as 4.7% to $94,147. Bitcoin traded at a record high of $126,251 in early October. It ended 2024 at $93,714.
MARKETS
S&P 500 gets tech lift, but Fed anxiety lingers
The relief brought by the end of the longest shutdown in American history quickly gave way to market swings after a host of Fed speakers threw cold water on bets for further policy easing
