Western Alliance Bank signage is displayed on the company’s Headquarters in downtown Phoenix, Arizona, on April 27, 2023. Patrick T. Fallon | AFP | Getty Images When you can’t repay a bank loan, that’s distressing — but probably not for the bank. But when tens of thousands of people, who had good credit ratings, can’t,…
Activity on Elizabeth Street (at the intersection of Bourke St Mall), Melbourne on a cloudy day. Charlie Rogers | Moment | Getty Images Japan’s Nikkei 225 lost 1% in early trade, while the broad-based Topix fell 0.75%. South Korea’s Kospi dipped 0.48%, and the small-cap Kosdaq declined 0.13%. Hong Kong’s Hang Seng Index futures were…
U.S. Treasury Secretary Scott Bessent speaks as he and U.S. Trade Representative Jamieson Greer hold a press conference on the sidelines of the IMF/World Bank annual meetings in Washington, D.C., U.S., Oct. 15, 2025. Ken Cedeno | Reuters China has been using its dominance in the rare earth industry to slash prices, driving foreign competitors…
U.S. President Donald Trump speaks during a ceremony to posthumously award the Medal of Freedom to Charlie Kirk, in the Rose Garden patio at the White House in Washington, D.C., U.S., Oct. 14, 2025. Kevin Lamarque | Reuters U.S. stocks had a rocky day of trading, swinging from highs and lows like the quality of…
By Dhara Ranasinghe and Wayne Cole LONDON (Reuters) -World markets found steadier ground on Monday after being whipsawed by broadsides in the U.S.-China trade war, while gold hit new record highs in a sign that uncertainty remained high. While U.S. President Donald Trump had threatened 100% tariffs on China from November 1 and Beijing threatened…
In an aerial view, a billboard advertising an artificial intelligence (AI) company is posted on Sept. 16, 2025 in San Francisco, California. Justin Sullivan | Getty Images “We few, we happy few, we band of brothers.” The rallying cry from Shakespeare’s Henry V, ahead of the Battle of Agincourt, might as well be the motto…
Elon Musk has appointed former Morgan Stanley banker Anthony Armstrong as the new chief financial officer of his artificial intelligence group xAI, the Financial Times reported on Monday. Andrew Harnik | Getty Images News | Getty Images Elon Musk has appointed former Morgan Stanley banker Anthony Armstrong as the new chief financial officer of his artificial intelligence group xAI, the Financial Times reported Monday. Armstrong will lead the finance operations for both xAI and social media platform…
Aerial view by drone of Tokyo Cityscape with Tokyo Sky Tree visible in Tokyo city, Japan on sunrise. pongnathee kluaythong | Moment | Getty Images Japan’s Nikkei 225 hit a record high Tuesday for the second straight session, lifted by a tech rally on Wall Street after a massive deal between OpenAI and AMD —…
Skyline of Tokyo, Japan. Jackyenjoyphotography | Moment | Getty Images Asia-Pacific markets mostly rose Friday, tracking Wall Street gains as investors shrugged off the U.S. government shutdown. Investors are waiting to see how long the shutdown will last to assess the gravity of its economic repercussions. Historically, government shutdowns in the U.S. have not been…
A bronze sculpture of a bull is displayed on Broadway in the financial district November 14, 2000 in New York City. Chris Hondros | Hulton Archive | Getty Images Investors continue to pile into stocks, undeterred by a government shutdown or shaky jobs data, with all three benchmarks hitting record highs Thursday. With the Senate…