Gold heads for nearly 5% weekly gain as debt worries return
Gold prices climbed Friday, putting bullion on track for a nearly 5% weekly gain, as U.S. debt concerns, a softer dollar and bond market jitters revived demand.
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Broadcom in Talks to Raise Up to $80 Billion in Debt for AI Chip Financing
Broadcom is negotiating a debt package to finance AI chip deals, with tranches expected at $45 billion and $35 billion.
Iran, AI, and California fuel hedge funds’ energy stock bets
CNBC’s Power Insider reveals the 15 energy stocks hedge funds own most, from Williams and Chevron to Solaris, as Iran, AI, and California fuel market shifts.
Kalshi Traders See Bitcoin Ending 2026 Barely Above Current Levels
Bitcoin’s recent surge has lifted it above $77,000, but Kalshi prediction market traders estimate it will end 2026 near $75,000, a slight decline.
Treasury’s debt buyback expansion stirs fresh inflation worries in bond market
Investors are increasingly pricing in higher inflation after the Treasury’s expanded debt buyback program, raising concerns about policy implications.
U.S. military helped 660 million barrels of oil cross the Strait of Hormuz
More than 660 million barrels of oil have crossed the Strait of Hormuz with U.S. military assistance since early May, but exact flow estimates vary widely.
How American Brands Lost Their Edge in China
Once a growth engine for American brands, China has become a battleground. Here’s why Nike, Starbucks, GM and others are falling behind.
Tesla Recalls Around 3 Million Vehicles in China Over Two Safety Issues
Tesla will recall roughly 3 million vehicles in China to address doorhandle and driver attention monitoring safety defects, with free software updates planned.
Ken Griffin says Citadel unwound more than 80% of risk tied to Situational Awareness portfolio
Ken Griffin says Citadel unwound more than 80% of the risk tied to the Situational Awareness portfolio, executing over $4 billion in block trades.
Bitcoin surges 22% in a week as Treasury move and short squeeze reignite investor optimism
Bitcoin closed with a 22% weekly gain, climbing to $76,943.90 after a Treasury intervention and a massive short squeeze fueled a crypto rally. Coinbase and Strategy also advanced.