Business & Economics

China Adds 20 Tonnes of Gold in July as Reserves Hit Record 2,366 Tonnes

China's central bank accelerated its gold buying in July, adding 20 tonnes to its reserves and extending its purchasing streak for a fifth consecutive...

Bank of Korea Resumes Gold Buying After 13-Year Pause to Strengthen Reserve Strategy

The Bank of Korea is set to purchase gold for the first time in 13 years, marking a notable shift in the country's foreign...

Palantir Stock Soars After Blowout Earnings as Company Raises Full-Year Outlook

Palantir Technologies delivered another blockbuster quarter, sending its shares sharply higher after the company reported earnings and revenue that comfortably exceeded Wall Street expectations...

Michael Burry Flags Rising Nvidia Credit Risk as AI Spending Faces Fresh Scrutiny

Investor Michael Burry has renewed his criticism of Nvidia, pointing to a sharp rise in the company's five year credit default swaps as a...

Apple Surpasses $5 Trillion Market Cap for the First Time

Apple has become only the second publicly traded company in history to briefly surpass a $5 trillion market capitalization, marking a major milestone for...

X Money Launches Nationwide for U.S. Premium Users With 6% APY and X Card Rewards

Elon Musk's X has officially expanded X Money beyond its invite-only beta, making the financial platform available to U.S. X Premium and Premium+ subscribers....

India Unveils $23 Billion Semiconductor and Mobile Manufacturing Initiative

India has approved a sweeping ₹1.9 lakh crore, or roughly $23 billion, package to strengthen domestic semiconductor production and accelerate mobile phone manufacturing. The...

SpaceX Joins Nasdaq-100 as Leveraged Bear ETF SPCX Plunges Nearly 29%

SpaceX officially entered the Nasdaq-100 on Tuesday, marking one of the fastest additions to the technology-focused index after its recent public market debut. The...

Meta Eyes AI Cloud Business to Challenge AWS, Azure, and Google Cloud

Meta is reportedly preparing to enter the cloud infrastructure market by offering AI computing power and access to its artificial intelligence models, marking a...

India and Japan Consider Direct Rupee-Yen Trade Settlement Framework

India and Japan are exploring a framework that would allow businesses to settle bilateral trade directly in Indian rupees and Japanese yen, eliminating the...

Micron Crushes Earnings as AI Memory Demand Drives $22 Billion Backlog

Micron Technology delivered a blockbuster quarterly earnings report, surpassing Wall Street expectations as surging artificial intelligence demand fueled record sales of its high-performance memory...

SpaceX Strikes $60 Billion Deal to Buy AI Coding Leader Cursor

SpaceX has confirmed plans to acquire Cursor, the artificial intelligence coding platform created by Anysphere, in a $60 billion all-stock transaction. The deal ranks...