U.S. East Asian envoy says investors are overpricing Taiwan conflict risk
Investors are overestimating the risk of conflict across the Taiwan Strait, a U.S. diplomat says, playing up deterrence to keep Beijing from taking the island.
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Nvidia-backed Aussie AI firm Firmus withdraws historic IPO, citing market volatility
Nvidia-backed Australian AI data center operator Firmus has withdrawn its planned IPO amid market volatility.
Tokenization could unleash tens of billions of dollars in trapped capital, Nasdaq CEO says
Nasdaq CEO Adena Friedman said tokenization could free up tens of billions of dollars in trapped capital.
SpaceX deal to acquire spectrum license hammers shares of AT&T, Verizon and T-Mobile
SpaceX agreed to purchase a nationwide spectrum portfolio as it to pushes its Starlink service deeper into the U.S. telecommunications market.
Major League Baseball proposes shortening its regular season as it pushes for a salary cap
Major League Baseball proposed a return to a shorter 154-game regular season schedule as it attempts to convince players to approve a salary cap.
Treasury yields are 'really, really high' but can come down soon, Bessent's new advisor says
The comments from David Zervos come after the 10-year and 30-year yields marched to 24-year highs in recent days.
Treasury sanctions 17 tankers linked to Iran's 'shadow fleet' in economic pressure campaign
The additional sanctions are part of the Trump administration's military and economic campaign against Iran.
Little relief expected for gas prices ahead of Election Day, according to prediction markets
Gas prices are expected to remain above $4 per gallon on Nov. 3, according to traders on prediction market platform Kalshi.
Ray Dalio warns the stock market's cushion against rising bond yields is shrinking
Ray Dalio says earnings have cushioned stocks from rising bond yields, but that buffer is shrinking as he warns free cash flow could weaken.
After a yearslong slump, China's real estate market may be set for a turnaround
A recovery in China's largest cities real estate markets could come as soon as next year, the S&P ratings agency said.
Treasury yields are lower after reaching multiyear highs, traders weigh latest bond auction
Traders digested comments from a top Federal Reserve official while awaiting another long-dated bond auction.
Huawei doubles down on smartphones as EV sales slow
Chinese tech company Huawei wants to rebuild its consumer business after U.S. sanctions halved segment revenue.