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News
Uber CEO hints at cheaper rides after 3,300 job cuts
33+ min ago (367+ words) Dara Khosrowshahi says savings from the company's largest layoffs since the pandemic will be reinvested into lower prices and better service Uber just fired 3,300 people, and its CEO wants you to know this is actually good news for riders. At…...
US Treasury imposes sanctions on Russia's VTB Bank for Iranian sanctions evasion
58+ min ago (300+ words) Washington adds Russia's second-largest bank to the SDN list under a sweeping campaign targeting Iranian financial networks The designation, made on September 9, places VTB on the Specially Designated Nationals and Blocked Persons (SDN) List, triggering a full asset freeze on…...
World Bank to disburse $841M to Ukraine for pension payments backed by Canadian guarantee
1+ hour ago (396+ words) The funding will reimburse state budget expenditures for pensions as Ukraine navigates its most severe fiscal crisis since the start of the conflict with Russia. Ukraine is set to receive $841 million from the World Bank, with the funds specifically earmarked…...
Japan targets $550B US investment push, eyes nuclear tranche worth $200B
2+ hour, 29+ min ago (341+ words) The deal caps tariffs on Japanese goods at 15% in exchange for massive energy infrastructure spending, with Westinghouse reactors and small modular reactors leading the charge. Takeshi Kuboki from Amagasaki, Japan Japan has pledged $550 billion in US investment as part of…...
Oil prices rise as Middle East tensions escalate after Gulf-Iran talks canceled
1+ hour, 54+ min ago (88+ words) Estefano Gomez is an editor at Crypto Briefing specializing in blockchain analysis, DeFi, and the intersection of crypto and digital art. He previously served as Editor in Chief at Interesante for over three years, where he covered blockchain technology, NFTs,…...
US private debt default rate hits record high in August: Fitch Ratings
1+ hour, 32+ min ago (319+ words) The trailing 12-month default rate for private credit borrowers climbed to 6.3%, with healthcare and industrial sectors bearing the heaviest losses The US private credit market just posted its worst default numbers on record. Fitch Ratings reported that the trailing 12-month…...
Market veteran predicts bearish outlook for US Treasury yields
1+ hour, 47+ min ago (381+ words) Standard Bank strategist Steven Barrow sees 10-year yields climbing to 5.2% by year-end, with more pain ahead in early 2027 Steven Barrow, G10 strategist at Standard Bank, just raised his year-end forecast for the 10-year US Treasury yield to 5.2%. That’s up from an…...
Russell Fry and Suhas Subramanyam launch bipartisan Innovators Caucus to back small AI businesses
1+ hour, 45+ min ago (261+ words) The new congressional caucus pairs a Republican from South Carolina with a Democrat from Virginia to tackle funding gaps and regulatory headaches facing smaller AI companies. Two House members from opposite sides of the aisle are betting that America’s AI…...
National Pension Service appoints Kyuhong Lee as CIO of $1.4 trillion portfolio
15+ hour, 39+ min ago (292+ words) South Korea's massive public pension fund taps a veteran multi-asset investor to steer one of the world's largest pools of retirement savings. South Korea’s National Pension Service just handed one of the most consequential jobs in global finance to Kyuhong…...
China's foreign exchange regulator urges banks to promote currency hedging
16+ hour, 12+ min ago (360+ words) SAFE and PBOC push banks to raise corporate hedging ratios to 40% as yuan volatility reshapes risk management across China's trade sector China’s foreign exchange watchdog is quietly leaning on banks to get their corporate clients to hedge more aggressively against…...