Economy



US bitcoin funds record strongest inflows since April after wallet security breach

US exchange-traded funds tracking bitcoin attracted more than $850 million during the week ending August 7, marking their strongest weekly inflows since April, according to Bloomberg data. The renewed interest comes as investors reassess the risks associated with holding cryptocurrencies directly, particularly......

UBS raises gold price forecast to $5,000 by 2027

Gold could be heading toward another period of strong gains, with UBS projecting that the precious metal may reach around $5,000 per ounce during the first half of 2027. The forecast reflects expectations that several structural factors will continue to support demand for gold amid persistent economic......

Washington turns to Australia to challenge China’s dominance in scandium supplies

The United States is strengthening its cooperation with Australia in an effort to secure independent access to scandium, a strategic mineral increasingly valued by the aerospace, defense and advanced technology industries. Australian company Sunrise Energy Metals has announced that the U.S. Department......

Trump announces more than $2 billion in new investments in the U.S. mining sector

President Donald Trump has announced more than $2 billion in new investments aimed at expanding mining and critical-mineral production in the United States, alongside more than $180 million in funding dedicated to education, training and workforce development. Speaking at a roundtable at the U.S. Department......

Federal Reserve faces market test as rate hike expectations and inflation pressures grow

Federal Reserve Chair Kevin Warsh is facing growing pressure as investors closely monitor the U.S. central bank’s next policy decisions amid persistent inflation and rising expectations of additional interest rate increases. Financial markets have become increasingly sensitive to the Federal Reserve’s......

Morgan Stanley strengthens industrials banking team with senior Bank of America hire

Morgan Stanley is expanding its investment banking capabilities in the industrial sector by recruiting veteran banker Adam Kweskin from Bank of America, reinforcing its advisory platform in a market where infrastructure and industrial investment remain strategic priorities. The appointment reflects......

Canada weighs trade concessions as talks with US focus on tariff relief

Canada and the United States are reportedly exploring a potential trade arrangement that could see Ottawa accept a series of U.S. trade demands in exchange for reduced sector-specific tariffs, signaling a new phase in bilateral economic negotiations. According to reports citing sources familiar with......

Texas Stock Exchange seeks to challenge Wall Street with a new trading platform

The Texas Stock Exchange (TXSE) has officially launched its operations, marking a significant step toward increasing competition in the U.S. capital markets. Based in Dallas, the new exchange aims to provide companies and investors with an alternative to the long-established New York Stock Exchange (NYSE)......

Toronto stock futures advance as investors await Canada and US employment reports

Canadian equity futures moved higher on Friday as investors prepared for a series of closely watched economic releases expected to shape expectations for monetary policy in both Canada and the United States. September futures linked to the S&P/TSX Composite Index posted modest gains ahead of the......

Proposed Strait of Hormuz shipping framework faces sanctions and insurance challenges

A proposed framework to regulate commercial shipping through the Strait of Hormuz is facing significant challenges as international sanctions, insurance restrictions, and financial regulations complicate efforts to implement new maritime arrangements. Industry sources say discussions involving Iran......

Global markets remain on high alert despite the summer slowdown

Global financial markets are entering the traditionally quieter summer period with little sign of reduced volatility, as investors navigate a combination of monetary policy uncertainty, geopolitical risks and closely watched economic indicators. Rather than easing into the holiday season, market participants......

U.S. strategic petroleum reserve falls to its lowest level since 1983

The United States' Strategic Petroleum Reserve (SPR) has declined to its lowest level in more than four decades, highlighting the continued reduction of one of the world's largest emergency crude oil stockpiles. According to official energy data, the reserve fell by nearly 2.9 million barrels......

Estimated cost of Trump’s proposed naval fleet rises significantly

New government estimates indicate that the projected cost of President Donald Trump's proposed next-generation naval fleet could be substantially higher than originally anticipated, raising fresh debate over defense spending, military modernization, and the long-term affordability of large-scale......

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