China essentially banned cryptocurrencies years ago. Now that pent-up demand is finding an outlet in Hong Kong markets as local regulators eye the potential of stablecoins. Hong Kong-traded shares of Guotai Junan International nearly tripled in price Wednesday after becoming the first mainland Chinese-backed securities brokerage to obtain a license for virtual currency trading in…
Christian Hartmann | Reuters Democratic legislators mostly in blue states are attempting to fight back against President Donald Trump’s efforts to withhold funding from their states with bills that aim to give the federal government a taste of its own medicine. The novel and untested approach — so far introduced in Connecticut, Maryland, New York and Wisconsin — would essentially allow states…
A general view of destruction in North Gaza, as seen from the Israeli side of the Israel-Gaza border, on May 17, 2025. Amir Cohen | Reuters TEL AVIV, Israel (AP) — U.S. President Donald Trump on Sunday pleaded for progress in ceasefire talks in the war in Gaza, calling for a deal that would halt the fighting…
U.S. President Donald Trump welcomes Israeli Prime Minister Benjamin Netanyahu at the entrance of the White House in Washington, D.C., U.S., April 7, 2025. Leah Millis | Reuters U.S. President Donald Trump on Saturday lashed out at prosecutors in Israel over the corruption trial that Israeli Prime Minister Benjamin Netanyahu has faced, saying Washington, having…
“Politics isn’t wagging the tail – it’s shaking the entire dog.” These strong words from one wealth manager to CNBC last week capture a hectic first half of trading. They also set the stage for an uncertain second half, where “geoeconomics” looks set to remain a dominant market force. This week, expect attention to…
It was another exciting week on Wall Street as the S & P 500 and Nasdaq each closed Friday at new record highs. Incredible as that was, this week could have easily gone another way. Last Saturday, the world learned that the U.S. had entered the Israel-Iran conflict, dropping several massive bunker busters on Fordo, Iran’s…
U.S. President Donald Trump speaks during a meeting with Democratic Republic of the Congo’s Foreign Minister Therese Kayikwamba Wagner and Rwanda’s Foreign Minister Olivier Nduhungirehe in the Oval Office at the White House in Washington D.C., June 27, 2025. Ken Cedeno | Reuters A federal judge on Friday dealt another blow to President Donald Trump’s…
Svetikd | E+ | Getty Images Many Americans are carrying debt — and for some, the liability is influencing their career choices and job hunting behaviors. “Debt is a growing force behind why people take certain jobs, stay in roles longer than they’d like, or hesitate to make a career pivot,” said Priya Rathod, a…
China’s dominance of the global supply chain is starting to hurt automakers. On April 4, the country cut off exports of a class of minerals called “heavy rare earth elements,” and it sent the global auto industry into a panic. Rare earths are a class of 17 elements that have become indispensable in all kinds…
Some stocks are due to cool down after this week’s big market rally, according to one popular metric. The S & P 500 reached an all-time high and closed at a record Friday, marking an incredible turnaround after investors’ more intense tariff and trade concerns have dissipated. Though President Donald Trump said that trade talks…
