Financial Markets & Global Economy News
Real-time coverage of global financial markets, currencies, and macroeconomics.
SK hynix Targets $14 Billion Wall Street IPO to Fuel AI Chip Boom Amid 'RAMmageddon'
South Korean memory chip giant SK hynix is planning a U.S. IPO that could raise up to $14 billion, aiming to close its valuation gap and fund HBM chips for AI amid a tech industry crunch.
US Lawmaker Presses Kansas Fed Over Kraken Master Account Approval
A US lawmaker challenges the Kansas Fed's approval of a master account for Kraken, as cryptocurrencies drop 3% amid regulatory uncertainty.
Trump to Sign US Dollars, Breaking a 165-Year Tradition
The Treasury Department plans to add Donald Trump's signature to US currency, starting with the $100 bill in June, as cryptocurrencies like Bitcoin drop 3.1% amid market volatility.
FCC Chair Brendan Carr Clarifies Broadcast License Threat Wasn't About Iran War Coverage
FCC Chair Brendan Carr says his remarks about broadcast licenses were misinterpreted and not about Iran war coverage, clarifying after a controversy sparked by a Trump tweet quote.
Trump Administration Tests Fed Independence on Bank Rules as Crypto Markets Slump
The Trump administration is pushing the Federal Reserve to ease bank regulations, testing its long-standing independence. Concurrently, Bitcoin drops to $68,943 (-2.9%) and Ethereum to $2,063 (-4.7%), signaling market jitters over regulatory and economic uncertainty.
China's Wine Dream Fades: Global Industry Faces 50% Profit Plunge as Demand Collapses
The global wine industry is facing a crisis in China, with Dynasty Fine Wines projecting over 50% profit decline for 2025. Imports have fallen 26.7% in volume, signaling the end of a decade of explosive growth in the world's most promising market.
US Recession Odds Near 50%: Can Bitcoin Replicate Its 2020 Comeback Gains?
Recession fears spike as BlackRock's Larry Fink warns of a global downturn, with Bitcoin dropping 2.8% to $69,475, testing its narrative as a safe haven amid economic uncertainty.
Judge Kaplan Slams SBF's Retrial Bid: Demands Affidavit, Bars Mother from FTX Case
Judge Lewis Kaplan raises doubts over Sam Bankman-Fried's retrial filings, demanding a sworn affidavit and barring his mother Barbara Fried, as Bitcoin holds steady at $71,005 amid ongoing crypto market resilience.
McLaren Racing Joins Hedera Council: F1 Champion to Help Govern Network Alongside Google and IBM
McLaren Racing, the reigning F1 champion, joins the Hedera Council to help govern the network, aligning with firms like Google and IBM as crypto markets post broad gains.
Chewy Stock Soars 15% on Bullish Pet Ownership Outlook Despite Cost Concerns
Chewy shares surged 15% in their best day in two years, driven by an upbeat sales forecast that projects continued growth in pet ownership despite rising cost concerns, highlighting resilience in the pet care sector.
Recession Odds Climb on Wall Street as Economy Shows Hidden Cracks
Economists raise recession risk assessments above 40% amid geopolitical uncertainty and labor market weakness, with Bitcoin holding steady at $71,663 despite traditional market concerns.