Trump Poised to Announce Federal Reserve Chair Nominee
Trump may announce a new Fed chair nominee soon, possibly creating a "shadow Fed chair" and sparking conflicting economic narratives.
Apple's Market Value Hits $4 Trillion Amid iPhone 17 Success
Apple's value hits $4T, boosted by iPhone 17 sales, but lags AI rivals Nvidia and Microsoft in stock gains and market leadership.
Amazon to Lay Off Up to 30,000 Corporate Employees
Amazon plans to lay off up to 30,000 corporate staff, citing AI efficiency, after cutting 27,000 jobs in 2023 amid economic concerns.
Bitcoin Approaches $115k Amid US-China Trade Optimism and Rate Cut Anticipation
Bitcoin nears $115k on US-China trade optimism and possible Fed rate cut; Ether and BNB also rise as crypto market sentiment improves.
Japan Introduces Its First Yen-Denominated Stablecoin, JPYC
JPYC Inc. launched Japan's first legal yen stablecoin, JPYC, backed 1:1 by yen, aiming for ¥10T circulation in 3 years, expanding blockchain support.
Saudi Investment Minister Khalid Al-Falih: 675 Global Companies Opened Offices in Riyadh
675 global firms opened offices in Riyadh; non-oil GDP rose to 56%. Saudi economy doubled to $1.3T, aims to be a global growth hub.
Gold Prices Decline at the Start of the Week Amid Increasing Downward Pressure with Anticipation of Agreement Between President Trump and President Xi Jinping
Gold prices fell as the dollar rose and US-China trade tensions eased; investors await Fed rate decision, SPDR Gold Trust holdings dropped 0.52%.
Dollar Reaches Two-Week High Against Yen Amid Trade Talks and Fed Meeting
Dollar hits 2-week high vs yen amid trade talks, Fed rate cut expected; yen weakens vs euro/franc, bitcoin and ether rise.
U.S. Tariff Cuts to Offset India's Shift from Russian Oil
US tariff cuts may follow India's reduced Russian oil imports, aiding Indian exports, but energy costs and supply risks will rise.
Supermarkets Warn of Potential Food Price Increases Amid Tax Hikes
UK supermarkets warn tax hikes could raise food prices; urge chancellor to ease business rates to help control food inflation.
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