The United States Department of the Treasury announced a significant expansion of its government debt buyback program on Wednesday to stabilize the sovereign bond market after long-term yields spiked to two-decade highs. Treasury Secretary Scott Bessent revealed that maximum liquidity support buybacks will double from two billion dollars to at...
President Donald Trump announced a major expansion of United States economic warfare against Iran, threatening severe secondary sanctions against foreign nations and financial institutions that maintain trade ties with Tehran. Writing on Truth Social, Trump declared the initiation of a crushing economic operation, warning that any country allowing businesses, financial...
Bitcoin briefly surged past $70,000 on August 19, 2026, touching its highest level since early June and triggering the largest wave of forced short closures since 2021. Approximately $2.7 billion in bearish crypto bets were wiped out within 24 hours, affecting over 172,000 traders, with shorts accounting for roughly 92%...
Major international shipping companies, including FedEx, UPS, and DHL, have initiated the disbursement of tariff refunds directly to U.S. consumers and businesses. This financial return follows a landmark February 2026 Supreme Court ruling that invalidated sweeping import tariffs enacted under the International Emergency Economic Powers Act. U.S. Customs and Border...
Moderna and Merck announced that their personalized mRNA cancer vaccine achieved its primary goal in a late-stage clinical trial. The study evaluated patients with high-risk melanoma who underwent complete surgical removal of their tumors. Administered alongside Merck immunotherapy drug Keytruda, the experimental vaccine significantly prolonged recurrence-free survival compared with Keytruda...
The Los Angeles Lakers are moving toward a second ownership change in a year, with Bob Iger and Josh Kushner agreeing to acquire Mark Walter’s controlling interest at a record $12.5 billion valuation. The agreement, announced Aug. 12, still requires NBA Board of Governors approval and due diligence. The Buss...
TikTok is reported to be cutting 75 jobs in Bellevue, Washington, in another restructuring affecting its U.S. e-commerce operations. The reported positions are connected to TikTok Shop and are expected to be eliminated October 19, according to the supplied report. However, an underlying Washington WARN filing confirming the 75 positions...
U.S. long-term Treasury yields hit their highest levels in years Tuesday before retreating Wednesday after the Treasury Department announced larger buybacks of longer-dated debt. The 30-year Treasury yield reached 5.327% on Aug. 18, its highest since 2007, while the 10-year yield reached about 4.74%, according to market reports and Treasury...
The United States Securities and Exchange Commission has proposed Regulation Crypto Assets, a compliance framework creating specialized capital-raising pathways for digital tokens. Unveiled by SEC Chair Paul Atkins and Commissioner Hester Peirce, the draft introduces two primary securities registration exemptions. The Startup Exemption permits digital asset projects to raise up...
OpenAI reported second quarter financial results showing revenue of six point seven billion dollars for the period ending in June. Operating losses expanded to twelve point three billion dollars, up from nine point three billion dollars previously. Rival artificial intelligence firm Anthropic reported preliminary revenue exceeding eleven point five billion...
