UBS and the Swiss government announced Friday that they had signed a loss protection agreement which will come into effect once the takeover of Credit Suisse is completed.
Gold dips but set for weekly rise on Fed rate pause hopes
Gold has been rangebound, with traders unwilling to push too many boundaries with the Fed meeting just around the corner, said an analyst.
Dollar eases after jump in U.S. jobless claims; Fed in focus
The dollar index last stood at 103.41 in Asia trade on Friday, having lost more than 0.7% in the previous session, its largest daily decline in weeks.
Tech leaders are calling for an A.I. pause because they have no product ready, Palantir CEO says
Palantir CEO Alex Karp said that to pause research and study A.I. will only give the lead to adversaries.
China can’t rely on Southeast Asian exports to offset a U.S. slowdown
China’s exports to the U.S. and Southeast Asian countries fell sharply in May.
Banks are cutting off Binance’s access to U.S. banking system, exchange says
Binance’s banking partners will “pause” Binance.US’ access to US dollar deposits as soon as next week, after the SEC filed charges against the exchange.
FBI arrests Texas businessman linked to impeachment of state Attorney General Ken Paxton
Paxton is temporarily suspended from office pending the outcome of a trial in the Texas Senate that is set to begin no later than Aug. 28.
FBI arrests Texas businessman linked to impeachment of state Attorney General Ken Paxton
Paxton is temporarily suspended from office pending the outcome of a trial in the Texas Senate that is set to begin no later than Aug. 28.
GM CEO Mary Barra says Tesla charging deal will save the automaker up to $400 million
GM said in October 2021 it planned to spend $750 million on electric vehicle charging infrastructure in the U.S. and Canada.
Biden and UK’s Sunak sign ‘Atlantic Declaration,’ pledging agreements on A.I. and critical minerals
Rishi Sunak, coming to the end of his U.S. trip this week, lauded the deal as a “new economic partnership for a new age.”
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