Japan retains approximately $200 billion in cash and cash equivalents out of its roughly $1 trillion in total U.S. dollar reserves, providing authorities with ample firepower for additional currency interventions on the scale of last month’s historic operation, according to Goldman Sachs. The assessment highlights Tokyo’s capacity to defend the yen as the currency drifts … Read more
Retatrutide Black Market Lawsuits Target Six Compounding Pharmacies and Online Sellers Pharmaceutical analysts note that demand for weight-loss treatments has fueled a thriving online market for products claiming to contain weight-loss drugs. Illicit sellers frequently attempt to bypass federal oversight by labeling products as “research-use only.” Testing of seized black-market inventory reveals severe safety hazards, … Read more
A key consumer price index inflation reading released by the Bureau of Labor Statistics showed prices moderating across a range of goods and services in July, keeping the headline inflation rate at 3.4% and core inflation at 2.5% annually. According to the Bureau of Labor Statistics data, the seasonally adjusted consumer price index increased by … Read more
According to Getty Images News correspondent Cheng Xin, Tencent Holdings Ltd. posted second-quarter revenue of 204.78 billion Chinese yuan ($30.36 billion), beating LSEG analyst estimates of 202.17 billion yuan. The Chinese tech giant’s performance was driven by an acceleration in its domestic gaming unit and AI-driven advertising, though core net profit missed expectations at 56 … Read more
China’s passenger car market is undergoing a fundamental shift toward electric-powered vehicles, with new energy vehicles (comprising battery and hybrid-powered cars) making up 65.1% of new passenger vehicle purchases this July—a rise from 54% during the same month last year, based on figures from the China Passenger Car Association released Tuesday. Industry data from Autohome … Read more
The Trump administration is implementing a federal rule that cuts off Medicaid and Children’s Health Insurance Program (CHIP) funding for gender-affirming care for minors, according to the Centers for Medicare and Medicaid Services (CMS). The policy change, which targets treatments like puberty blockers, hormones, and surgeries, is scheduled to take effect on Oct. 13. CMS … Read more
Nvidia is assembling a $500 billion infrastructure financing pipeline with six major asset managers to fund artificial intelligence data centers, according to CEO Jensen Huang, attempting to position high-performance graphics processing units as long-term financial assets rather than fast-depreciating hardware. Wall Street Financing Pipeline and Asset-Backed Loans Nvidia unveiled agreements with BlackRock, Blackstone, Apollo, KKR, … Read more
Cardinal Health shares set a record close after the company reported fourth-quarter fiscal 2026 results that beat adjusted earnings expectations despite a top-line revenue miss, according to LSEG data. Revenue for the quarter ending June 30 increased nearly 6% year over year to $63.67 billion, falling short of the $65.03 billion consensus estimate, while adjusted … Read more
Computing power is emerging as a tradable asset class as CME Group partners with Silicon Data to launch the first futures contracts tied to the cost of running artificial intelligence chips, according to announcements from the companies. The upcoming derivatives, slated for October 5 pending regulatory approval, will allow companies and investors to trade and … Read more
According to CNBC, artificial intelligence startup Manus announced it will soon resume operating as an independent company following regulatory pressure from Chinese authorities that forced Meta to unwind its $2 billion acquisition of the enterprise. The deal, which was initially announced last December to expand Meta’s AI agent capabilities, faced swift investigations from regulators in … Read more