Chinese Banks Struggle to Boost Consumer Lending
Rising Defaults Make Lending Risky
Chinese banks struggle consumer lending efforts as bad loans continue to grow. Despite Beijing's push for more personal credit, lenders...
Shanghai Regulator Reviews Stablecoins and Digital Currency Policies
Shanghai Regulator Considers Stablecoin Policy Shift
A Shanghai regulator stablecoins meeting this week marked a rare shift in China’s crypto narrative. The session, hosted by...
X CEO Linda Yaccarino Leaves Role Following AI Chatbot Controversy
Background on Yaccarino’s Tenure
Linda Yaccarino joined X as chief executive in May 2023 to rebuild advertiser trust after Elon Musk’s takeover drove many brands...
Markets Rally as Nvidia Tops $4 Trillion Value Amid Trade Talks
Global markets climbed on Wednesday after Nvidia became the first company to reach a $4 trillion value, drawing investor attention away from fresh tariff threats....
Trump Moves to Notify Nations of New Tariffs Ahead of July 9 Deadline
President Donald Trump told reporters Thursday that his administration plans to start sending letters to trading partners this Friday to inform them of the...
U.S.-Vietnam Trade Deal Signals Higher Tariffs Ahead
The U.S.-Vietnam trade deal has captured global attention and sparked concern across emerging markets. On Thursday, President Donald Trump announced the deal just before...
J.P. Morgan Slashes Stablecoin Growth Forecast by 2028
J.P. Morgan Slashes Stablecoin Growth Forecast by 2028, Citing Lack of Real-World Adoption
J.P. Morgan has significantly revised its outlook for stablecoin market growth, predicting...
Six Million Qantas Customers Impacted by Major Cyberattack
Australian carrier Qantas announced on July 2, 2025, that a hacker broke into a third‑party platform used by one of its call centers and...
Startup Sells 200,000 Ocean Carbon Credits for Unproven Technology
A three‑year‑old Israeli startup, Gigablue, announced it sold 200,000 ocean carbon credits to SkiesFifty, an aviation partner, for a process that deploys particles into...
Buffett Donates Record $6 B to Gates Foundation and Others
Warren Buffett, the 94‑year‑old investor known as the “Oracle of Omaha,” made his largest annual charitable gift on Monday by transferring about $6 billion in...