Elon Musk’s artificial intelligence venture, xAI, and its acquisition of the social media platform X, formerly known as Twitter, valued at $33 billion, have drawn heightened scrutiny from European Union regulators, reported Bloomberg. This new focus comes as the European Commission prepares to assess potential penalties against X under the…
Coinbase’s chief of policy, Faryar Shirzad, hails the bipartisan momentum behind the US Senate’s recent approval of the GENIUS Act.In a recent interview with CNBC, Shirzad said the subsequent legal clarity around stablecoins is a pivotal moment for the future of blockchain-enabled payments in the United States.The upper chamber passed…
A recent government report from the Canada Mortgage & Housing Corp. (CMHC) indicates that even a doubling of homebuilding activity in Canada would only restore housing affordability to levels seen immediately before the Covid-19 pandemic. This new assessment revises earlier, more optimistic projections and underscores the escalating scale of the…
Asia-Pacific stock markets are seeing mixed trade Friday morning, with investors carefully watching escalating tensions between Israel and Iran and analyzing new economic data from China. The escalating geopolitical situation, particularly reports that US President Donald Trump is weighing a military strike on Iran, is casting a shadow over regional…
Shares of Pop Mart International Group Ltd. fell sharply in Hong Kong trading after a commentary by Chinese state media raised concerns about blind-box toys and trading cards, and called for tighter regulations to protect minors. The warning, though indirect, sparked investor anxiety over the future of Pop Mart’s flagship…
European stock markets started Friday on a positive note, attempting to shake off some of the week’s losses as investors found some relief in easing bond yields. However, this tentative rebound is set against a backdrop of deeply concerning UK economic data and the ever-present shadow of geopolitical conflict in…
Asia-Pacific stock markets are seeing mixed trade Friday morning, with investors carefully watching escalating tensions between Israel and Iran and analyzing new economic data from China. The escalating geopolitical situation, particularly reports that US President Donald Trump is weighing a military strike on Iran, is casting a shadow over regional…
Citing export curbs, China’s overseas shipments of rare earth magnets plummeted in May, falling to their lowest levels in over five years and halving from April’s figures.Beijing said this month that it would speed up its approval process, a concession made after the US and China agreed to dial back…
SAP share price has crashed in the past few weeks, erasing some of the gains it made after its first-quarter results. It plunged to a low of €247 on Thursday, its lowest level since April 28. It has dropped by over 9.35% from its highest point in May. SAP business is…
Shares of Pop Mart International Group Ltd. fell sharply in Hong Kong trading after a commentary by Chinese state media raised concerns about blind-box toys and trading cards, and called for tighter regulations to protect minors. The warning, though indirect, sparked investor anxiety over the future of Pop Mart’s flagship…