Economy

Economy
Economy

US stocks open in the red: S&P down 0.5%, Nasdaq slips around 1%

US stocks moved lower on Wednesday for a second consecutive session, extending a pullback from recent record highs as investors weighed a fresh batch of corporate earnings alongside delayed economic data that painted a mixed picture of inflation and consumer strength. The S&P 500 traded 0.5% lower, while the Dow Jones Industrial Average slipped 51

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Economy

US stocks rebound sharply on Thursday: Nasdaq up around 1%, S&P climbs 0.6%

US stocks rose on Thursday as Wall Street attempted to recover from back-to-back losing sessions, with strength in semiconductor shares helping to lift broader market sentiment amid a mixed geopolitical and policy backdrop. The S&P 500 climbed 0.6%, while the Nasdaq Composite advanced 0.9%. The Dow Jones Industrial Average added 165 points, or 0.3%, as

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Economy

US stocks open in the green: S&P 500 climbs 0.3%, Nasdaq up 0.5%

US stocks rose on Friday as Wall Street attempted to close out a turbulent week on a positive note, with gains in technology and industrial shares helping lift the major averages despite lingering geopolitical and policy-related concerns. The S&P 500 climbed 0.3%, while the Dow Jones Industrial Average added about 100 points, or 0.2%. The

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Economy

Chow Tai Fook expands overseas with Southeast Asia push and Thailand debut

Chow Tai Fook Jewellery Group, recognised as China’s preeminent jewellery seller, commands a vast retail network encompassing thousands of stores throughout mainland China and Hong Kong.  With its dominance well-established in its domestic markets, the Group is strategically beginning to look beyond its traditional borders for new avenues of growth and market expansion. Southeast Asia:

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Economy

X faces fresh Japan scrutiny as Grok deepfake concerns spread worldwide

Japan has joined a growing list of countries scrutinising X over Elon Musk’s artificial intelligence service Grok and concerns that the chatbot can be used to create and spread sexualised images of people without their consent. The development adds new pressure on the social media platform as regulators worldwide step up checks on AI tools

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Economy

Utah man sentenced to 3 Years for crypto fraud and unlicensed money operations

A Utah man who ran an online crypto academy and operated an illegal cash-to-crypto business has been sentenced to three years in federal prison, after federal prosecutors linked him to a string of fraudulent schemes that defrauded investors and facilitated unlicensed digital currency transfers totalling millions of dollars. Brian Gary Sewell, 54, of Washington County,

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Economy

Crypto lending firm Nexo hit with $500,000 fine for violating California laws

Crypto lending firm Nexo Capital has been fined $500,000 by California authorities for operating without a valid lending license and failing to evaluate whether borrowers could afford to repay their loans, according to a statement released by the state’s financial watchdog. The California Department of Financial Protection and Innovation (DFPI) said that Nexo had violated

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Economy

Interactive Brokers to allow clients to add stablecoins to fund accounts

Interactive Brokers on Thursday expanded its crypto-linked services by allowing eligible clients to fund brokerage accounts using stablecoins, a move the firm says will provide faster, round-the-clock access to global markets. The announcement underscores growing efforts by traditional brokerages to match the speed and flexibility offered by crypto-native platforms. The brokerage said it partnered with

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Economy

Veera, the On-chain Neobank for everyday crypto users, raises a total of $10M, Backed by Sigma Capital, CMCC Titan Fund and more

Singapore, 16 January 2026 – Veera, a crypto-powered financial services platform focused on inclusion and usability, has raised a total of $10 million across its pre-seed and seed funding rounds to accelerate product development and to expand access to on-chain financial services globally.  The company has raised a total of $10 million across its pre-seed

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Economy

If US households are wealthier than ever, why does life feel unaffordable?

US household wealth is booming. Net worth crossed $181 trillion in late 2025, driven by soaring stock markets and still rising home values.  The President recently declared the start of an “economic” boom in the United States. He also celebrated the “defeat” of inflation.  But at the same time, the majority of Americans say the

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