The People’s Bank of China held its 1-year and 5-year loan prime rates at 3% and 3.5%, respectively, keeping them unchanged for an eighth straight month.
Category: Finance News
Venezuela shows how locals turn to Tether-issued USDT stablecoin as governments wobble
Locals in Venezuela, as well as others living under unstable regimes, are turning to USDT as protection from political and economic uncertainties.
Alibaba-backed startup Moonshot AI’s valuation is up $500 million, sources say, after its rivals IPO in Hong Kong
Investors are valuing the startup at $4.8 billion as it is about to close another funding round, according to two people familiar with the matter.
Europe weighs using trade ‘bazooka’ against the U.S. as Greenland crisis deepens
European countries are reportedly considering retaliatory tariffs and wider economic counter-measures against the U.S.
China fourth-quarter growth slows to 4.5%, weakest in nearly three years as consumption misses forecasts
China’s economic growth slowed to the weakest level in nearly three years in the fourth quarter as domestic demand softened.
What the U.S.-Taiwan deal means for the island’s ‘silicon shield’
The U.S.-Taiwan deal aimed at expanding chip production capacity in the U.S. may not fully wean Washington off the island’s most advanced semiconductors.
Chinese EV giant BYD is a buy — and not just for its cars, Bernstein says
After beating Tesla in the number of electric vehicles sold, BYD has another big business that investors have yet to fully appreciate, according to Bernstein.
Trump threatens to sue JPMorgan Chase for ‘debanking’ him
President Trump threatened to sue JPMorgan for allegedly “debanking” him following the Jan. 6 insurrection in 2021.
Smaller companies are rising quickly to challenge Big Tech as AI ‘s best trade
Reliable power, nuclear investment, data-center efficiency, and grid capacity are now core drivers of stock returns from the AI theme as demand ramps.
Kevin Hassett pivots to possible ‘Trump cards’ amid credit card battle with banks
Trump called for banks to cap credit card interest rates at 10%, an idea that has been roundly rejected by industry executives and their lobbyists this week.