China’s exports of rare earth magnets to the United States skyrocketed in June following agreements that resolved long-standing trade disputes between the two nations. Outbound shipments hit 353 metric tons, more than
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Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, posted a 60.7% surge in second-quarter net profit, exceeding market expectations and setting a new all-time high for the company. This stellar
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U.S. consumer prices likely rose in June 2025, as higher gasoline costs and tariff-driven price increases began to take hold. The anticipated inflation uptick could delay the Federal Reserve’s plans to resume
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The European Union announced on Sunday that it would extend its suspension of counter-tariffs on U.S. goods until early August, seeking more time to secure a negotiated trade deal. This decision comes
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Two U.S. senators have issued a formal warning to Nvidia CEO Jensen Huang, urging him to steer clear of companies in China that could pose national security risks to the United States.
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Massachusetts Senator Elizabeth Warren has issued a stark warning over the potential consequences of proposed cryptocurrency legislation, suggesting that it could allow major U.S. corporations to sidestep existing securities laws. During a
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Apple has filed a formal appeal against a €500 million ($587 million) fine imposed by the European Commission, challenging the ruling in Europe’s second-highest court. The penalty, issued earlier this year, accused
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The British pound saw a muted performance on Friday, closing out a week of declines driven by political unease and fiscal policy doubts. Sterling held steady at $1.36, and dipped 0.1% against
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OPEC+ is set to consider increasing oil production at its meeting this Saturday, responding to recent oil price swings following military tensions involving Israel and the United States targeting Iran. The oil-producing
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Republican leaders in the U.S. House of Representatives have pledged to hold a dedicated “Crypto Week” in mid-July to review three major pieces of legislation aimed at shaping the country’s cryptocurrency regulation
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