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Biden to Tighten Gun Export Rules to Fight Criminal Diversion
To curb the use of US-made civilian guns in crimes and human rights abuses abroad, the Biden administration will require exporters to better vet their customers and tighten sales to 36 countries deemed “high-risk” for illicit diversion of semiautomatic firearms, according to people briefed on the plan.
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K-Pop Agency Hybe’s Internal Strife Wipes Out $873 Million
Hybe Co.’s shares tumbled Friday as internal strife between the K-pop giant and ADOR, the Hybe-owned label behind popular girl group NewJeans, deepened.
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Amazon’s Bezos, Jassy Deleted Chats Despite FTC Antitrust Probe
Top Amazon.com Inc. executives including founder Jeff Bezos and Chief Executive Officer Andy Jassy destroyed text messages discussing business, the Federal Trade Commission alleged, erasing evidence the agency could have used in its antitrust case against the retail giant.
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Contrarian Indian Fund Manager Has a Warning for Bond Chasers
An Indian fund manager who went contrarian and sharply reduced the average maturity of his flagship bond fund is further cutting the duration on the expectation the central bank won’t reduce interest rates before global peers.
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China Vanke Crisis May Continue to Spell Trouble for Chinese Lenders
Greater China’s property market crisis and the challenges it poses for lenders will be on full display on Monday, when embattled developer China Vanke Co. and the region’s biggest banks report earnings.
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Gold Heads For Weekly Loss as US Inflation Concerns Sap Demand
Gold was on track for a weekly loss as persistent inflationary forces looked increasingly likely to push back the timing for US rate cuts.
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Austin to Announce Up to $6 Billion Arms Commitment to Ukraine
Defense Secretary Lloyd Austin is set to announce on Friday the commitment of as much as $6 billion to bankroll long-term contracts to provide Ukraine with weapons such as Patriot missiles and drones, according to several US officials familiar with the issue.
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Tor Investment Raises $310 Million for Asia Private Credit Fund
Hong Kong-based alternative credit manager Tor Investment Management has raised $310 million for its third Asia opportunistic private credit fund, seeking to take advantage of the growing popularity of the asset class, according to co-founder and portfolio manager Christopher Mikosh.
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Seed Phrases Offer Great Security, But At What Cost?
A seed phrase is an important security tool for cryptocurrency wallets. It usually has 12 to 24 randomly generated words. As a master key, it lets people get to and restore their digital assets. Even though this method is very important for keeping cryptocurrencies safe, it has many problems, especially when handling information that is […]
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Bitcoin Market Thrives – ETFs Launch, Ownership Peaks, Volatility Persists
The Bitcoin market is experiencing a significant transformation, marked by rising ownership and the advent of new investment structures such as Bitcoin and Ethereum ETFs. Despite the volatility and fluctuating inflows in Bitcoin ETFs, the approval of spot ETFs in Hong Kong and the increase in small BTC wallet holders signal a strengthening and broadening […]
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