Economy
U.S. technology giant Amazon announced on Wednesday a major workforce reduction, revealing plans to cut close to 16,000 positions as part of a broader organizational overhaul. In an official statement, the company explained that the decision aims to streamline its internal structure by reducing management......
Former U.S. president Donald Trump announced that several South Korean products will now face tariffs of up to 25%, citing delays by the South Korean Parliament in ratifying a bilateral trade agreement. The decision marks a new escalation in trade tensions between Washington and Seoul. In a statement......
Bitcoin plunged to its lowest point of 2026 over the weekend, dipping below $88,000 as cascading liquidations and a rush to safe-haven assets rattled cryptocurrency markets. Investors grew wary amid escalating geopolitical tensions and uncertainty ahead of the Federal Reserve's interest rate decision......
Global equity funds saw their largest-ever outflows last week, driven by unprecedented withdrawals from China as Beijing's sovereign fund shifted from market support to actively cooling speculative gains. For the week ending January 22, worldwide stock funds recorded $43.2 billion in exits, with......
Bitcoin dropped under $88,000 on Sunday, sparking over $100 million in futures contract liquidations across cryptocurrency markets in just one hour amid fresh selling pressure. This sharp reversal followed the digital asset's weekly high above $92,000 on January 19. Data from derivatives analytics......
Gold prices shattered the $5,000 barrier for the first time on Monday, soaring to a record high above $5,100 per ounce as investors flocked to safe-haven assets. This surge unfolded against a backdrop of a weakening US dollar and mounting speculation about a potential joint intervention by the United......
Canadian Prime Minister Mark Carney stated Sunday that Canada holds no intention of seeking a free trade deal with China, rebuffing President Donald Trump's threat of 100% tariffs on all Canadian goods if Ottawa inks a broader trade pact with Beijing. "We have no intention of doing so with......
The U.S. dollar index plunged to 97, its lowest in four months, on Monday as speculation mounted over potential joint U.S.-Japanese currency intervention and investors shed dollar-denominated assets amid lingering uncertainty from the Trump administration. The greenback's drop extended a rough week,......
Bitcoin tumbled below $89,000 on January 23, with seasoned traders issuing stark warnings of steeper losses ahead. The cryptocurrency traded at around $88,959 according to CoinStats data, reflecting a weekly drop of nearly 7 percent. This downturn unfolded even as precious metals like gold and silver......
Bitcoin has slipped beneath a critical technical level this week, fueling comparisons to the 2022 bear market as multiple on-chain metrics point to worsening market conditions and persistent selling pressure. Blockchain analytics firm Glassnode reports that the cryptocurrency fell under the 0.75 quantile......
Global solar energy stocks skyrocketed on January 22 and 23, 2026, fueled by developers racing to secure U.S. tax credits before looming deadlines and Elon Musk's announcement at the World Economic Forum in Davos about SpaceX launching AI-powered satellites fueled by space-based solar energy in the......
European Commission President Ursula von der Leyen revealed that the European Union, the United States, and Ukraine stand on the brink of sealing a unified Prosperity Framework to steer Ukraine's economic recovery after the war. This breakthrough emerged from an informal EU leaders' gathering......
Silver prices have shattered historical records in early 2026, soaring past $90 per ounce for the first time ever. This unprecedented rally stems from persistent supply shortages, fresh Chinese export restrictions, and a rush of safe-haven buying, creating what experts describe as the most intense pressure......
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