CRYPTOCURRENCY
Bitcoin funds set for worst month as investors yank $3.5 billion
Bitcoin fell to as low as $80,553 on Friday before regaining some ground over the weekend. It was trading at $86,998 as of 8:00 a.m. in London on Monday, still down 7% year-to-date.
BUSINESS
Russian oil offered to India at deep discount after US sanctions
The price of Urals for Indian refiners has slipped to a discount of as much as $7 a barrel to Dated Brent on a delivered basis
BUSINESS
Oil tanker rates hit record as buyers seek Russia alternatives
Benchmark rates for very-large crude carriers that can transport up to 2 million barrels from the Middle East to China rose to nearly $137,000 a day at the end of last week
BUSINESS
Bitcoin weakness persists as crypto steadies after bruising week
After regaining some ground over the weekend, the original cryptocurrency fell as much as 2.3% to briefly dip below $86,000 on Monday morning, before paring losses
MARKETS
Asia stocks rise with US futures as sentiment improves
Shares in Hong Kong, Australia and South Korea advanced, while mainland China was flat. Japan is closed for a holiday
WORLD
Trump says TV networks shouldn’t be able to ‘enlarge’
Trump’s post was in response to a Newsmax story that said Federal Communications Commission head Brendan Carr is moving to give television networks massive reach and push through a merger of Nexstar Media Group and Tegna Inc.
BUSINESS
Gold steady as market weighs chance of another US rate cut
Gold has been in a consolidation phase since surging to a record high above $4,380 an ounce on Oct. 20.
BUSINESS
Crypto crash is eroding wealth for Trump’s family and followers
Shares of Trump Media & Technology Group Corp., the parent company of the Truth Social platform, hit a record low on Wednesday. At least part of the decline might be explained by a poorly-timed move into cryptocurrency.
WORLD
Vietnam flood deaths reach 90 as damage sweeps central region
More than 1,154 homes were damaged and about 186,000 houses inundated at the peak of the floods
INDIA
Carlyle Group targeting $300 million for India side fund
The private equity fund focused on the South Asian country is targeting about $300 million and the International Finance Corporation has proposed an investment of as much as $60 million
WORLD
World-beating stock rally creates new headaches in Korean market
Up 61% so far in 2025, South Korean stocks are on track to post their strongest gains in a quarter century
WORLD
Trump’s grip on party he remade weakens after string of setbacks
In the last week, Trump capitulated to fellow Republicans’ demands for the release of the files of sex trafficker Jeffrey Epstein
WORLD
Harvard University database hacked in latest ivy league cyberattacks
The breach, which happened Tuesday, includes personal contact information, donation details and other data from fundraising and alumni engagement
WORLD
Trump was told by Europeans that his Ukraine plan needs work
The US set a Thursday ultimatum yet Trump indicated in an NBC interview that this wasn’t his 'final offer,' hinting at some flexibility on timing
WORLD
COP30 climate summit reaches deal that leaves many nations unhappy
A group of about 80 countries and the EU had pressed for a more explicit road map to guide the transition away from oil, gas and coal toward a cleaner economy but met resistance from key oil and gas producing states from the Middle East as well as Russia.
BUSINESS
Morgan Stanley’s OpenAI ties show how bank reels in hot startups
The trillions of dollars being raised and spent by AI companies have made them juicy clients for banks.
BUSINESS
TPG, Warburg weigh $500 million stake in India-rooted Sirion
The private equity firms are evaluating a majority stake that’s set to exceed $500 million in value, the people said, requesting not to be named because the discussions are private.
CRYPTOCURRENCY
Bitcoin drop hits market makers in fragile trading landscape
WORLD
Marjorie Taylor Greene to resign from Congress after Trump feud
Greene was among the Republicans who led the legislative effort to compel the Justice Department to release the files of sex trafficker Jeffrey Epstein.
BUSINESS
Bill Ackman prepares for 2026 Pershing Square IPO: Report
Bill Ackman, 59, made a name for himself as an activist investor with an outsize presence on social media and a willingness to take concentrated positions in a relatively small roster of stocks
BUSINESS
Oracle slump sends Larry Ellison sliding down ranks of world’s richest
Oracle’s swoon has vaulted Alphabet Inc. co-founder Larry Page past Ellison and into the number two spot on the Bloomberg Billionaires Index for the first time.
BUSINESS
Trump team internally floats idea of selling Nvidia H200 chips to China
Donald Trump had previously floated the possibility of discussing exports of Nvidia’s most advanced chips with Chinese leader Xi Jinping.
BUSINESS
Tesla sued over another fatal crash in growing scrutiny of doors
The lawsuit comes weeks after one was filed against Tesla in Wisconsin over a Model S crash that killed five occupants who allegedly became trapped in a fast-moving inferno when the doors wouldn’t open
BUSINESS
European stocks suffer worst week since August as ASML falls
The Stoxx Europe 600 Index was down 0.3% by the close, extending losses since Monday to 2.2%.
