Russian authorities can now convert seized Bitcoin into state funds
Russian authorities are building a legal and operational framework to convert seized Bitcoin (BTC) into cash for the state treasury, as the country grapples with regulatory uncertainty surrounding cryptoassets.The effort, led by the Federal Bailiff Service (FSSP), follows the confiscation
Mitsubishi commits $27B investment over 3 years to fuel growth
Japanese trading giant Mitsubishi Corp has unveiled a three-year growth strategy that involves investing at least 4 trillion yen ($27 billion) by the 2027/28 financial year. The company said it is targeting a net profit of 1.2 trillion yen for
OXLC stock yields 22% and beats S&P 500: is it a good buy?
The Oxford Lane Capital stock price has moved into a bull market after surging by over 20% from its lowest level this year. OXLC has soared to $4.8 and is hovering at its highest level since March 11. So, is
USD/JPY prediction as the US and Japan trade war escalates
The USD/JPY exchange rate wavered on Thursday morning as the market reacted to Donald Trump’s Liberation Day speech. It retreated to a low of 147.46, its lowest level since September 30th last year, down by almost 9% from its highest
Here’s why the Nikkei 225 index bank stocks are crashing
The Nikkei 225 index plunged by over 3% on Thursday as investors dumped top Japanese stocks following Donald Trump’s Liberation Day speech. It plunged to a low of ¥34,150, its lowest level since August 5, and 18% below the highest
USD/ZAR forecast: here’s why South African rand just slumped
The South African rand continued its downward trend against the US dollar after Donald Trump’s Liberation Day speech on Wednesday. The USD/ZAR exchange rate rose to a high of 18.97 on Thursday, its highest level since February 3. It has
Is there a place to hide as DIA, QQQ, and SPY ETFs plummet?
US stock index futures plummeted on Thursday as investors gave a thumbs down approval to Donald Trump’s tariffs. Dow Jones Index futures plummeted by almost 1,000 points, while those tied to the S&P 500 and Nasdaq 100 fell by 170 points
Tesla reports 336,000 vehicle deliveries in first quarter, 13% drop from a year ago
Tesla reported 336,000 vehicle deliveries in the first quarter of 2025, a 13% decline from a year ago, two days after the electric vehicle company’s stock wrapped up its worst quarter since 2022. Here are the key numbers: Investors were expecting Tesla to report
United Airlines adds Thailand, Vietnam and Australia flights in latest expansion
United Airlines plans to add daily flights to Vietnam and Thailand in October, further expanding the network for the U.S. carrier that already has the most Asia service. In the expansion, United is using a tactic that’s unusual in its network: Its
Boeing says it’s progressing on safety reforms and working with DOJ on revised plea deal
WASHINGTON — Boeing CEO Kelly Ortberg told senators on Wednesday that he’s happy with the company’s progress improving manufacturing and safety practices following several accidents, including a near catastrophe last year. Ortberg faced questioning from the Senate Commerce Committee about how the company will ensure that it
Trump’s massive 46% Vietnam tariffs could hit Nike, American Eagle and Wayfair
Retailers and brands have turned to Vietnam to manufacture goods from sneakers to couches while moving some or all production out of China. For years, China’s southern neighbor became a popular alternative for companies trying to avoid the crossfire of U.S.
S&P, Nasdaq rise as investors await US tariff clarity; Johnson & Johnson slips, PVV Corp jumps
The S&P 500 experienced volatility on Tuesday and was in the green. Investors were awaiting clarity from US President Donald Trump regarding tariff policy, and weaker-than-expected economic data also put pressure on Wall Street.The broad market index was up 0.5%
UnitedHealthcare CEO Brian Thompson murder case: DOJ to seek death penalty for Luigi Mangione
The US Department of Justice has announced its intent to seek the death penalty for Luigi Mangione, the 26-year-old charged with the December murder of UnitedHealthcare CEO Brian Thompson. Attorney General Pam Bondi confirmed the decision on Tuesday, stating that
Here’s why the Hang Seng Index comeback could be epic
The Hang Seng Index has pulled back in the past few weeks, erasing some of the gains made earlier this year as investors brace for a prolonged trade war between the United States and China. It slipped from the year-to-date
IWM ETF: Here’s why the Russell 2000 has crashed and what next
The iShares Russell 2000 Index (IWM) has suffered a big reversal after surging to a record high earlier this year. The fund, which tracks the top small cap companies in the US, retreated to a low of $200, down by