Trump family-backed World Liberty Financial is seeking a national trust bank charter as it hopes to consolidate issuance, custody, and conversion of USD1, the project’s stablecoin offering. “WLTC Holdings LLC filed a de novo application to the Office of the Comptroller of the Currency (OCC) to establish World Liberty Trust Company, National Association (WLTC), a
The difference in price (premium) for immediate delivery of US West Coast jet fuel sold to Asia has expanded to its largest margin in almost two years, according to LSEG data released on Thursday, and quoted in a Reuters report. The growing disparity in pricing can be attributed to two key factors affecting global jet
The Federal Reserve enters 2026 after a year that left few clean answers. Interest rates are lower than they were, but still restrictive for some parts of the economy. Growth has surprised on the upside, inflation has cooled but not enough, and the labour market is no longer as tight as it once was. The
Germany and India are close to finalising a submarine manufacturing agreement that would significantly expand defence cooperation between the two countries and reshape India’s naval procurement strategy. The deal, valued at at least $8 billion, as reported by Bloomberg, is set to become India’s largest-ever defence agreement and would introduce full technology transfer for submarine
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AMD stock price has moved into a technical bear market after falling by 20% from its highest point in October. It has dropped to $215, and has formed an island reversal pattern, pointing to a potential retreat despite the ongoing AI boom. AMD business has continued thriving Advanced Micro Devices, a top player in the
Fundraising for US venture-capital firms fell 35% in 2025, marking the weakest stretch in at least six years as investors pulled back and concentrated capital in a smaller number of established firms, according to a report by The Wall Street Journal. Data from PitchBook show venture firms raised $66 billion last year, down about 70%
I have lived in Venezuela for nearly thirty years, through blackouts, protests, shortages, and currency resets that have come to feel like the seasons — inevitable, cyclical, and beyond our control. But last weekend was unlike anything I have ever witnessed. It was a night that cleaved time into a before and after — for
Nvidia’s long run at the centre of the artificial intelligence investment narrative may be facing its first real test, as investors rotate toward memory-product companies seen as key beneficiaries of the next phase of AI growth. While Nvidia remains a dominant supplier of AI chips, recent market moves suggest attention is shifting to the components
Chinese regulators have reportedly opened an initial review into Meta Platforms Inc.’s proposed acquisition of artificial intelligence startup Manus, raising questions over how cross-border AI deals are assessed under national security and technology export rules. The transaction, valued at $2 billion and announced in December, is now being examined by Chinese officials to determine whether