Macro

Oil Climbs as Hopes for Imminent Strait of Hormuz Deal Fade

Crude climbs above $84 in the U.S. and past $89 internationally as hopes for an imminent Strait of Hormuz reopening deal collapse into deadlock.

Riot Platforms Surges on $9.1 Billion AI Compute Deal With Anthropic

Bitcoin miner Riot Platforms struck a 20-year, $9.1 billion compute deal with AI developer Anthropic, sending shares higher and highlighting the crypto-to-

CoreWeave Stock Jumps 10% as Revenue Doubles, Debt Hits $35 Billion

CoreWeave shares rose about 10% after revenue more than doubled on AI infrastructure demand, though the company carries roughly $35 billion in debt.

U.S. July Inflation Report Lands Wednesday, Shaping Fed’s Next Rate Move

The U.S. consumer price index due Wednesday is expected to show a modest July rise, giving the Federal Reserve a key signal on its next rate move.

Medicaid Ends Federal Funding for Gender-Affirming Care for Minors

The Trump administration will halt Medicaid and CHIP funding for gender-affirming surgeries and hormone treatments for transgender minors starting October

Egyptian Economist Highlights China’s Critical Role in Overcoming Global Economic Challenges

Egyptian economist Karim Adel has said that China's proactive leadership in overcoming global economic challenges and achieving higher growth rates is vital for assisting...

Rural Vitalization Takes Center Stage in China’s No. 1 Central Document for 2023

China's "No. 1 central document" for 2023 was revealed on Monday, highlighting nine tasks to comprehensively promote rural vitalization. The document emphasizes the importance...

Consumption key to sound growth this year

Lately, Chinese financial markets have been making headlines for all the right reasons, showcasing a growing confidence in the sector and a sign of...

Foreign CEOs upbeat on China’s market

Top executives from multinational companies are making their way to China next month, highlighting China's significance in global business plans. This comes amid a...

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