Beijing moves away from state-directed lending to small firms, signaling a push for market-based credit allocation. China will eliminate mandatory loan targets for small and medium-sized enterprises, shifting toward a market-driven credit system. The policy change aims to
President signals potential military action if negotiations fail, sending WTI crude prices up 1.3% to $103.35 amid escalating tensions. US President Donald Trump warned Iran of possible new military strikes within days if a deal to end the conflict remains elusive. The thr
Gulf leaders' concerns over potential Iranian retaliation on oil infrastructure influenced Trump's decision to delay strikes. President Trump convened a national security meeting Monday to assess military options against Iran after announcing a pause in planned strikes. Th
A 50-47 Senate vote advances a measure requiring Congress to authorize further US military action against Iran. The US Senate voted 50-47 to advance a War Powers Resolution limiting presidential authority to conduct strikes on Iran without Congressional approval. Four Repu
The DOJ and CFTC challenge Minnesota’s first-in-nation prohibition, escalating a federal-state regulatory battle over event contracts. Minnesota enacted the first state-level ban on prediction markets, criminalizing their operation or promotion. The law took effect immedia
Warby Parker’s new AI-powered eyewear launch faces investor skepticism amid competition with Meta’s established Ray-Ban line. Warby Parker (WRBY) unveiled its first smart glasses, developed with Google (GOOG) (GOOGL) and Samsung (SSNLF), integrating AI capabilities into it
Iran maintains demands for sanctions relief and reparations while resisting nuclear program restrictions, delaying a potential deal. US and Iranian officials report minimal progress in negotiations, with Iran’s stance unchanged despite recent military tensions. Tehran cont
U.S. officials report advances in Iran negotiations, potentially avoiding military action, as major indices decline modestly. Republican Vice Presidential candidate JD Vance stated significant progress has been made in discussions with Iran, reducing the likelihood of a mi
GM hit with $12.75M penalty for data sale GM has been penalized $12.75M for its data sale practices, indicating low revenue potential. The company is shifting focus from data sales to product development. Commure's AI platform has reached a $7B valuation after a
Canaan reported a $88.7 million net loss for Q1, citing lower Bitcoin prices and Middle East conflict impacts on energy costs. Canaan Inc. reported a first-quarter net loss of $88.7 million, widening from an $85 million loss in the prior quarter, as revenue fell 68% to $62
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