Reported 16 days ago
Coinbase has increased its investment in India's CoinDCX, raising the exchange's valuation to $2.45 billion, despite ongoing regulatory uncertainties in the country. This funding will support CoinDCX's growth and efforts to enhance its product offerings and user base. The investment is part of Coinbase's commitment to expanding its presence in key markets like India, which, despite regulatory challenges, holds significant potential for digital asset growth.
Source: YAHOO
Reported 16 days ago
OpenAI is developing a five-year strategy to manage over $1 trillion in pledged spending, focusing on new revenue sources, debt partnerships, and additional fundraising efforts, according to a report by the Financial Times.
Source: YAHOO
Reported 16 days ago
A startup in Bengaluru, LimeChat, is revolutionizing customer service by developing AI chatbots that could make traditional call-center jobs nearly obsolete. The company claims its technology can reduce staffing needs by 80% for handling customer queries, raising concerns over job security in India’s IT sector, which employs millions. While the government and PM Modi express confidence in AI creating new job opportunities, experts warn of a lack of preparedness to address the impact on displaced workers. This transformation in the IT landscape marks both a significant shift towards automation and a potential cautionary tale for developing economies.
Source: YAHOO
Reported 16 days ago
Source: YAHOO
Reported 16 days ago
Malaysia plans to engage in talks with the U.S. regarding sectoral tariffs, particularly on semiconductors, during the ASEAN Leaders Summit next week. This follows the introduction of a 19% tariff on Malaysian exports to the U.S., though semiconductors currently remain exempt amid a national security review. The discussions, led by Trade Minister Tengku Zafrul Aziz, aim to finalize an agreement that could benefit various sectors in Malaysia, as other countries are also expected to negotiate trade agreements with the U.S. at the summit.
Source: YAHOO
Reported 16 days ago
Coinbase has invested in the Indian cryptocurrency exchange CoinDCX, which is now valued at $2.45 billion post-money. This investment follows previous funding from Coinbase Ventures, which had participated in a $135 million fundraising in April 2022, valuing CoinDCX at $2.15 billion. As of July 2025, CoinDCX reported an annualized revenue of $141 million and assets under custody of $1.2 billion. The investment is subject to regulatory approvals.
Source: YAHOO
Reported 16 days ago
Source: YAHOO
Reported 16 days ago
Gold prices soared to a new record exceeding $4,200 an ounce, driven by increasing tensions between the US and China and expectations that the Federal Reserve will cut interest rates multiple times this year. Spot silver also experienced considerable gains as traders reacted to market volatility and tight supply conditions. Falling yields on US Treasuries have bolstered the appeal of precious metals as safe-haven investments amidst economic uncertainties and trade threats.
Source: YAHOO
Reported 16 days ago
During a meeting with Argentine President Javier Milei, U.S. President Donald Trump expressed strong disapproval of any Chinese military activity in Argentina, stating it would not be well-received in Washington. Trump emphasized that while trade is acceptable, military relations with China should be avoided, particularly in light of Argentina's upcoming elections. The discussion came alongside U.S. financial support aimed at stabilizing Argentina's economy, amid concerns over a Chinese space observation facility in the country.
Source: YAHOO
Reported 16 days ago
JPMorgan CEO Jamie Dimon raised alarms over potential vulnerabilities in the credit market following the bankruptcies of auto lender Tricolor Holdings and car-parts supplier First Brands Group. Despite strong financial results from major banks, Dimon warned of the possibility of higher-than-normal credit losses as economic conditions shift, emphasizing the need for caution among investors. This sentiment reflects growing concerns about private credit markets and their impact on the broader financial landscape.
Source: YAHOO
Reported 16 days ago
Argentina's Economy Minister Luis Caputo announced that the US will maintain a $20 billion currency-swap line with the country, irrespective of the upcoming midterm elections. Caputo clarified that President Trump's previous comments about the support being conditional were misinterpreted, emphasizing the US's ongoing commitment to assist the peso as necessary.
Source: YAHOO
Reported 17 days ago
Algerian state-owned oil company Sonatrach and Saudi Arabia's Midad Energy have signed a $5.4 billion production-sharing contract focused on oil and gas exploration in the Illizi Basin. The 30-year agreement, which can be extended by ten years, includes a seven-year exploration phase and aims to produce 993 million barrels of oil equivalent. The project will employ advanced technology to comply with environmental regulations and supports Algeria's goal of enhancing its role as a global energy supplier.
Source: YAHOO
Reported 17 days ago
Sungrow will provide its inverter technology for the Tauhei Solar Farm, set to be New Zealand's largest, with a capacity of 202MWp. Located near Te Aroha, this project is a joint venture between Harmony Energy and Clarus and aims to generate approximately 280GWh of clean electricity annually, sufficient to power over 35,000 homes. The solar farm will connect to Transpower's grid, and construction is expected to create around 350 jobs, with operations beginning by the end of 2026.
Source: YAHOO
Reported 17 days ago
Wells Fargo & Co. shares jumped 7.1% on Tuesday, marking their largest gain since last November, after the bank announced a positive mid-term profitability target update following the lifting of an asset cap by regulators. Analysts noted that the increase in target return on tangible common equity to 17-18% reflects the bank's strong earnings and proactive strategies. This surge places Wells Fargo among the day's top performers in the KBW Bank Index.
Source: YAHOO
Reported 17 days ago
Billionaire philanthropist MacKenzie Scott has decreased her Amazon.com stake by 42%, now holding 81.1 million shares, down from 139.1 million over the past year, as reported by Bloomberg News. This reduction is valued at approximately $12.55 billion based on Amazon's recent stock prices. Following her divorce from Jeff Bezos in 2019, Scott received a 4% stake in Amazon worth $36 billion and has been active in philanthropy, donating over $19.25 billion to various non-profits.
Source: YAHOO
Reported 17 days ago
Stellantis plans to invest $13 billion in U.S. manufacturing over the next four years, emphasizing new vehicle production rather than electrification. This investment will create over 5,000 jobs and support the development of five new vehicles, including a range-extended EV and a new gas-powered SUV. The company has recently scaled back its electrification efforts, reflecting a shift in its product strategy.
Source: YAHOO
Reported 17 days ago
U.S. stocks showed slight gains on Wednesday as Wall Street navigated a blend of earnings optimism and ongoing U.S.-China trade tensions. The Dow Jones remained nearly unchanged, while the S&P 500 rose by 0.4% and the Nasdaq Composite gained 0.7%. Bank of America reported a profit increase of 23%, and Morgan Stanley's profits surged 45%. Federal Reserve Chair Jerome Powell hinted at potential interest rate cuts, increasing market hopes. Despite these positives, concerns about trade tensions loom, notably after President Trump's remarks about a potential embargo on Chinese cooking oil.
Source: YAHOO
Reported 17 days ago
Source: YAHOO
Reported 17 days ago
Stellantis has announced a groundbreaking $13 billion investment aimed at expanding its manufacturing capabilities in the US, marking the largest investment in its 100-year history. This initiative is expected to increase production by 50%, create 5,000 new jobs, and introduce five new vehicle models over the next four years. Major funding will be allocated to various plants, including a $600 million investment in Illinois to reopen the Belvidere Assembly Plant, which was closed in 2023. This investment follows challenges stemming from extensive tariff actions and aims to strengthen Stellantis's presence in the American automotive market.
Source: YAHOO
Reported 17 days ago
Source: BARRONS
Reported 17 days ago
Intel's stock dropped over 4% following a downgrade by Bank of America analysts, who expressed concerns that the stock has become overvalued after a nearly 80% increase in 2025. The decline coincided with a downturn in the tech sector amid fears of U.S.-China trade tensions. Despite recent gains influenced by high-profile partnerships and investments, analysts caution that Intel's stock may have risen too quickly and lacks a clear AI strategy, prompting a reassessment of its market performance.
Source: YAHOO
Reported 17 days ago
Source: YAHOO
Reported 17 days ago
Federal Reserve officials are currently divided on how to adjust interest rates, with some advocating for significant cuts to address a weakening labor market, while others prioritize controlling inflation. This discord is heightened by the challenges posed by rising inflation and potential job losses, making it difficult for the Fed to forge a unified strategy. Disagreements are becoming evident in recent meetings, as members weigh the risks associated with their dual mandate to maintain low inflation and high employment.
Source: YAHOO
Reported 17 days ago
Bitcoin and ether dropped significantly as US-China tensions escalated, erasing gains from the previous day. The conflict intensified with new port fees on shipping, exacerbating fears in the market. Bitcoin fell to $110,023.78 and ether to $3,900.80, marking notable declines attributed to both geopolitical instability and recent large-scale liquidations in the crypto space.
Source: YAHOO