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Bitcoin surged to a record high above $81,000 on Monday, driven by expectations of a crypto-friendly regulatory environment following the election of Donald Trump as U.S. president along with pro-crypto Congressional candidates. The world’s largest cryptocurrency has now more than doubled from this year’s low of $38,505 and recently traded…

The United States and Britain conducted airstrikes on Yemen’s capital, Sanaa, the Amran governorate, and other regions, according to Al Masirah TV, the primary news outlet operated by the Houthi movement, on Sunday. Houthi media and local residents reported that around nine airstrikes targeted Sanaa, its surrounding areas, and the…

The United States has ordered Taiwan Semiconductor Manufacturing Co. (TSMC) to halt shipments of advanced chips to Chinese clients, often used in artificial intelligence applications, beginning Monday, according to a source familiar with the matter. The U.S. Department of Commerce issued a letter to TSMC, imposing export restrictions on advanced…

Online travel agency Booking.com may consider job reductions as part of a review of its organizational structure, the company announced on Saturday. As a subsidiary of Booking Holdings, the company stated via email that it is in the early stages of this review, and no final decisions have been reached.…

In a recent client note, Morgan Stanley analysts examined the competitive dynamics among major membership-based retailers, focusing on Walmart+, Amazon Prime, and Costco.  The report highlights Walmart’s growth, which has reached near-record membership levels due to strategies like a 50% discount for Black Friday. Based on Morgan Stanley’s Consumer Pulse…

China’s consumer prices rose at the slowest pace in four months in October, while deflation in producer prices worsened, as shown by data released on Saturday. This comes despite intensified stimulus efforts by Beijing to support the sluggish economy. In a recent move, China’s top legislative body approved a 10…

DBS Group Holdings Ltd, Singapore’s largest lender, is considering expansion into Malaysia through potential acquisitions of stakes in local banks, including one of the country’s smallest banks by assets, according to two sources. DBS is reportedly looking into acquiring a 29.1% stake in Alliance Bank Malaysia Bhd, currently held by…

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street’s S&P500 looks poised to test 6,000 for the first time as the Federal Reserve underscored a post-election stock surge with its second interest rate cut of the year on Thursday and a nod to more. Overseas,…

Walmart will introduce new financial incentives for independent delivery drivers to collect online orders from U.S. stores and deliver them to customers during the holiday season, the retailer told Reuters. This initiative is part of Walmart’s strategy to boost sales among higher-income households and compete with e-commerce giant Amazon.com, which…

On Thursday, the Federal Reserve lowered interest rates by a quarter percentage point, with policymakers now preparing for potential economic shifts as President-elect Donald Trump assumes office next year. Fed Chair Jerome Powell noted that Tuesday’s presidential election, which brought in a president-elect committed to widespread immigration deportation, broad tariffs,…