China is turning to services and experiences as a new lever to revive domestic demand, as weak household confidence, a prolonged property slump, and slowing exports weigh on the world’s second-largest economy. On Thursday, the State Council released a work plan aimed at boosting services consumption over the coming years, spanning cruise and yacht tourism,
The United States Department of Justice has completed the forfeiture of more than $400 million in cryptocurrency and other assets linked to Helix, an early darknet crypto mixing service. The move follows a final court order from the US District Court for the District of Columbia, giving the government full legal title to assets seized
Gold and silver prices came to a screeching halt on Friday as the precious metals experienced wild swings to the downside. Silver prices on COMEX, which peaked above $120 per ounce earlier this week, fell below $100 on Friday. Meanwhile, gold prices briefly fell below the crucial mark of $5,000 per ounce earlier on Friday,
Toyota Motor retained its position as the world’s top-selling automaker in 2025, reporting record vehicle sales despite ongoing disruption from US tariffs and intensifying global competition. The Japanese carmaker said on Thursday that sales of Toyota and its Lexus luxury brand rose 3.7% from a year earlier to 10.5 million vehicles. That comfortably exceeded deliveries
Oil prices extended their gains on Thursday on the back of simmering geopolitical tensions and concerns about the loss of supply. Concerns about a possible US military strike on Iran, OPEC’s fourth-largest producer with an output of 3.2 million barrels per day, caused Brent oil futures prices to surge on Thursday, reaching a four-month high
Metaplanet is preparing to raise as much as 21 billion yen, or about $137 million, through a combination of new shares and stock warrants placed with selected investors. The Tokyo-based firm will raise funds through a combination of new shares and stock warrants placed with selected investors. The move is designed to support further bitcoin
When they address analysts on Friday, executives from Exxon Mobil and Chevron will likely face a host of questions about Venezuela. This change in emphasis comes after the US apprehended and overthrew Venezuelan President Nicolas Maduro earlier this month, a significant geopolitical event that made it possible, though challenging, for large US oil companies to
The ServiceNow stock price continued its strong downward trend after publishing its financial results. NOW dropped by over 5% to $122, its lowest level since November 2023. This article explores whether it is safe to buy the dip. ServiceNow issued a weak guidance ServiceNow, a top software company in the workflow industry, reported its fourth
Due to heightened geopolitical risks and uncertainties surrounding US trade policy, Bank of Canada Governor Tiff Macklem has warned that the Canadian economy faces an exceptionally high risk of a new shock. In an interview with Reuters on Wednesday, Macklem stated that more variables than usual could affect the central bank’s economic projections. Macklem stated,
Comcast’s latest earnings underline how the company’s business mix is changing as pressure builds on its traditional cable operations. While the group beat expectations on earnings in the fourth quarter, a small revenue miss and continued broadband customer losses highlighted the competitive strain facing US cable providers. At the same time, steady growth in mobile,