Gold and silver prices increased on Wednesday as US Treasury bond yields dropped after the release of data showing that retail sales growth had stalled in December. The stalled growth suggested a weakening economy, which precedes the release of key jobs data.Precious metals like gold tend to be supported by lower…
Hong Kong is accelerating efforts to build a regulated digital-asset ecosystem, advancing stablecoin licensing and expanding crypto market infrastructure even as mainland China maintains a strict ban on cryptocurrency activity.Authorities say the initiative is designed as a supervised framework for financial innovation rather than a reversal of Beijing’s policy. The…
The optimism in crypto that followed Donald Trump’s election in November 2024 has all but faded as Bitcoin takes a plunge, falling 45% from its October high. On the regulatory front, the standoff between the banking industry and crypto stakeholders over stablecoin yields in the CLARITY Act is being closely…
Days after investors of software firms were spooked by the launch of plugins by Anthropic’s Claude, shares of wealth management and brokerage firms tumbled after financial-technology company Altruist unveiled an AI tool capable of automating personalised tax strategies, triggering fears that AI could erode the relevance of traditional financial services.California-based…
The US tech sector hit a speed bump this week as UBS experts lowered their view from “attractive” to “neutral”.While the broader market remains fixated on AI’s transformative potential, UBS sees the road ahead as fraught with concerns of massive infrastructure spending and the looming threat of industry adoption.Its analysts…
Global markets and corporate developments offered a mixed picture on Wednesday as investors balanced resilient Asian equities against political tensions in Washington and mounting corporate upheaval across technology and media sectors. A rally in Asia came despite soft US consumer data and artificial-intelligence concerns on Wall Street, while Elon Musk’s…
Gold and silver prices increased on Wednesday as US Treasury bond yields dropped after the release of data showing that retail sales growth had stalled in December. The stalled growth suggested a weakening economy, which precedes the release of key jobs data.Precious metals like gold tend to be supported by lower…
American consumers ended the year with a new record in credit card borrowing, as balances rose sharply in the final quarter. Data from the Federal Reserve Bank of New York shows credit card debt reached $1.28 trillion by the end of the fourth quarter. That marks a $44 billion increase…
Heineken has announced plans to cut up to 6,000 jobs globally as part of a new cost and productivity drive, after reporting solid but moderating profit growth in its 2025 full-year earnings. The Dutch brewer, the world’s second largest by market value, said it is adjusting its structure to operate…
St. James Place share price suffered a harsh reversal, reaching a low of 1,300p, its lowest level since December 15. It has tumbled by over 16% from its highest point this year. Other wealth management companies in London, like Schroders, Aberdeen, and M&G, also retreated. So, is this STJ crash…