Defaulted Venezuelan Bonds Have Climbed More Than 100% This Year As Traders Bet On Regime Change
Traders are increasingly buying defaulted Venezuelan bonds betting that regime change in the country will lead to a new investor-friendly government that will cut a deal to begin paying back the country's debt.
Toyota CEO Channels Trump Spirit At NASCAR, Announces Nearly $1 Billion US Investment
Toyota CEO Akio Toyoda announces a $912 million U.S. investment in hybrid vehicle production after a patriotic NASCAR event in Japan.
Bill Ackman Unveils Plan For Fannie Mae And Freddie Mac, Could Return $300 Billion To Taxpayers
Bill Ackman unveils a plan to return $300 billion to taxpayers by reshaping Fannie Mae and Freddie Mac.
Paramount Refutes Report Of Massive $71 Billion WBD Acquisition Backed By Saudis, Qatar, Abu Dhabi
Paramount Skydance denies reports of a $71 billion WBD acquisition backed by Middle Eastern funds.
Editor's Pick
Cloudflare Now In Recovery After Outage Takes Down 20% Of The Web
Cloudflare suffered from a massive outage that took down 20% of the web with it, but thankfully, it is now in recovery.
Stock Market Wobbles As Tech Sells Off Ahead Of Key Data, Nvidia Earnings
The S&P 500 fell roughly 0.8%, marking its fourth consecutive day of losses. The Dow Jones Industrial Average dropped nearly 500 points, or more than 1%, while the Nasdaq Composite slid 1.2%, extending a multi-day pullback in the market's most heavily weighted technology names.
Meta Avoids Divestiture In Landmark Antitrust Case, Raising Questions For Regulators
Regulators argued the acquisitions were part of a strategy to suppress competition and maintain dominance in personal social networking.
Regions
Colombia Gives In To US Deportation Flights To Avoid $53.5B Trade War
Colombian President Petro blocked US deportation flights, prompting Trump's tariff threats, but after escalating tensions, Colombia agreed to accept the flights, avoiding a trade war.
US Seizes Record $15 Billion in Bitcoin From Global 'Pig Butchering' Scheme Linked to Chen Zhi
Seized US Canned Food Company Looks to China, North Korea as Russian Sales Crash
China Retaliates Against Canada With Hefty Tariffs On Key Exports
China imposes retaliatory tariffs on Canadian goods in response to Canada's trade restrictions on Chinese products.
Novo Nordisk CEO Faces Investigation After Senate Reveals Ozempic And Wegovy Cost Up To 13 Times More In The US
Novo Nordisk CEO Lars Fruergaard Jørgensen will face a Senate hearing over the high prices of weight loss drugs Wegovy and Ozempic in the US.
China Imposes Retaliatory Tariffs on US Imports, Launches Google Antitrust Probe
China Bans Taiwan’s Fruit and Seafood Imports, Igniting Trade Dispute
Deals
Funding
AI Startup Funding Surging Despite Sting of High Interest Rates
AI startups are riding a wave of fresh capital in 2025—even as the Federal Reserve keeps interest rates at multi-decade highs. Instead of slowing down, the sector is posting some of its boldest funding figures yet, fueled by surging demand for both AI infrastructure and specialized applications.
Cost Over Climate: Australians To Spend AU$80B On Energy Upgrades
On average, households plan to spend AU$7,500 on energy-efficient upgrades over the next five years, which could add up to more than AU$80 billion nationwide. About 50% of Australians want to make their homes eco-friendlier, driven mostly by a desire to reduce energy costs.
Australian Superannuation Funds Rethink US Bets Amid Dollar Volatility
"Like every other fund, we are questioning our exposure to the U.S. It would be fair to say that we've hit peak exposure and will be reducing over time," said John Pearce, chief investment officer of UniSuper, said.
Trump UK Trade Deal Pumps Crypto: $ETH Skyrockets, $BTC Hits $103K, $XRP Surges
President Trump has announced a trade agreement with a long-time ally, pumping crypto prices, including Bitcoin, which had been struggling to return to $100,000 in recent weeks.
People
Elon Musk Shock: Biographer Criticises CEO For Firing People Instead Of Government Reform
Biographer Walter Isaacson claims Elon Musk bungled a chance for US government reform, criticising his staff relief streak. Musk responded by promising to share his own account.
Viral Ex-DoorDash Employee Criminally Charged, Faces Possible 10-Year Prison Time
Olivia Henderson, the former DoorDash employee who accused a customer of sexual assault, was arrested and criminally charged.
Within 10 Years, Many Jobs Could Vanish, Warns DeepSeek Senior Researcher at a Chinese Conference
DeepSeek senior researcher Chen Deli has warned that AI could replace most human jobs within a decade, urging tech firms to act as "guardians of humanity" during his speech at the World Internet Conference in Wuzhen, China.
