Fusion power startup Commonwealth Fusion Systems has raised $863 million from a long list of investors that includes Nvidia, Google, Breakthrough Energy Ventures, and more. “We’re continuing our trend here of looking into the world and saying, ‘How do we advance fusion as fast as possible?’” co-founder and CEO Bob Mumgaard told reporters in a…
Liquidity conditions in Hong Kong resumed tightening this week with a key money-market rate climbing above a level that some analysts say may stifle a nascent economic recovery. The benchmark one-month Hong Kong Interbank Offered Rate — or Hibor — jumped above the closely watched threshold of 3% Wednesday, reaching the highest since May. If…
By Summer Zhen HONG KONG (Reuters) -Global hedge funds ramped up their bets on China shares, with August on track to mark the biggest monthly buying since February, a Morgan Stanley note shows. Hedge fund buying has been “heavily skewed towards (onshore) A-shares” since early August, Morgan Stanley said, in stark contrast to the influx…
Ahead of Federal Reserve Chair Jerome Powell’s pivotal Jackson Hole address on Friday, cryptocurrency bettors are pricing in more than an 80% chance that the central bank cuts interest rates this year. On the prediction platform Polymarket, the likelihood that the Fed loosens its monetary policy on or before Dec. 31 stood at 85% at…
Check out the companies making headlines in midday trading: Coty — Shares of the beauty retailer plummeted more than 20% following its latest quarterly results. While its revenue of $1.25 billion beat the $1.20 billion that analysts surveyed by LSEG were expecting, it posted a loss per share of 5 cents, more than the 2…
WASHINGTON (Reuters) -U.S. President Donald Trump has bought more than $100 million in company, state and municipal bonds since taking office in January, his disclosures showed this week. The forms, posted online on Tuesday, show the billionaire Republican president made more than 600 financial purchases since January 21, the day after he was inaugurated for…
United States President Donald Trump participates in a Multilateral Meeting with European Leaders in the East Room of the White House in Washington, DC, US. Picture date: Monday August 18, 2025. Aaron Schwartz – Pa Images | Pa Images | Getty Images U.S. President Donald Trump has been on a multimillion-dollar bond-buying spree since taking…
Hong Kong dollar stablecoins could become a key link between China’s digital yuan and top global digital assets, potentially transforming cross-border investment and accelerating yuan internationalisation, according to Morgan Stanley. Local currency-backed stablecoins could provide a pathway for mainland China’s e-CNY – the country’s only legal digital currency backed by the government – to gain…
AI could ultimately be a $16 trillion gift to the stock market. That’s according to strategists at Morgan Stanley, who see the productivity gains and cost-cutting spree stemming from artificial intelligence adding as $13 to $16 trillion in value for the S&P 500. At the high end of Morgan Stanley’s estimates, that implies the benchmark…
By Echo Wang and Julie Zhu NEW YORK (Reuters) -Klook, a travel booking services company, has hired investment banks to help arrange a potential initial public offering in the U.S., according to two people with knowledge of the matter. The Hong Kong-based company, backed by investors including SoftBank Group and Goldman Sachs Group, is working…