Michael Porter Jr. #17 of the Brooklyn Nets shoots the ball during practice and media availability as part of 2025 NBA Global Games China at Venetian Arena on October 9, 2025 in Macao, China. Ryan Stetz | National Basketball Association | Getty Images MACAO — The National Basketball Association returns to China for the first…
After a series of rigorous interviews, some lasting as long as two hours, Treasury Secretary Scott Bessent has winnowed down the list of candidates for Federal Reserve chair to five from 11, and that person could be nominated to the Fed — though not necessarily as chair — by January. According to senior Treasury officials,…
There may be more upside ahead from AMD’s partnership with OpenAI, according to TD Cowen. Analyst Joshua Buchalter, who has a buy rating on the chipmaker, raised his price target on the stock to $270 from $195. That signals upside of more than 15% from Thursday’s close. AMD this week announced a deal with OpenAI…
Pictured here is Shanghai Port’s foreign trade container terminal in Shanghai, China on October 9, 2025. Cfoto | Future Publishing | Getty Images BEIJING — China on Friday announced that starting Oct. 14, the country will start charging U.S. ships for docking at Chinese ports — a direct response to Washington for imposing fees on…
People walk in front of the the U.S. Department of Education, amid reports that U.S. President Donald Trump’s administration will take steps to defund the federal Education Department, in Washington, U.S., February 4, 2025. Kevin Lamarque | Reuters Despite the government shutdown, the U.S. Department of Education is sending out notices to student loan borrowers…
Smoke rises after Israeli airstrikes targeted areas in the Gaza Strip despite the announcement of a cease-fire agreement, as seen from the Israeli city of Sderot near the border, on October 09, 2025. Anadolu | Anadolu | Getty Images Israel’s government on Friday approved a deal with the Palestinian militant group Hamas, paving the way…
Factors ranging from geopolitical tensions to the prospect of lower interest rates to free-spending global governments is pushing the “currency debasement” trade that has led to record highs across risky asset classes. Gold, for one, has scaled to eye-watering heights , surging more than 50% in 2025 as both an inflation hedge and safe-haven play….
With its recent political turmoil and instability, France has been compared to Italy, replacing it as the new “bad boy” of Europe. Should France, then, take a page out of Italy’s book and consider a technocratic government? President Emmanuel Macron is expected to pick his new prime minister by Friday evening, after outgoing PM Sebastien Lecornu led…
The collapse of U.S. auto parts maker First Brands Group is reverberating across the banking sector on both sides of the Atlantic. The company’s rapid demise – which is now unravelling a maze of complex debt agreements held with a range of lenders and investment funds globally – highlights the risks associated with private credit’s…
Pictured here is construction on a real estate project in Huai’an City, Jiangsu Province, China on October 9, 2025. Cfoto | Future Publishing | Getty Images BEIJING — China’s real estate market is expected to fall more sharply than expected in 2025, extending an industry slump for a fifth-straight year and delaying hopes of a…
