Beijing is said to move to clarify tax rules stoking confusion among China’s ultra-wealthy
Beijing is said to be moving to clarify ambiguities in new tax rules on offshore trusts after the policy sowed confusion among wealthy Chinese and advisors.
Extreme heat spurs earliest-ever Champagne harvest, putting its famous taste to the test
Producers of the iconic French fizz face a challenge to preserve its taste profile while they also battle tariff complications and fewer drinkers.
Situational Awareness filing shows AI bets before forced portfolio sale to Citadel
The hedge fund’s five largest disclosed stock holdings at the end of June were Sandisk, Micron Technology, Bloom Energy, Taiwan Semiconductor and Nebius Group.
Trump family-backed crypto firm World Liberty gets conditional bank charter approval
The OCC conditionally approved World Liberty Trust Co.’s national trust bank charter. That would allow the Trump family-backed firm to issue stablecoins.
Berkshire Hathaway boosts Alphabet to a top three holding, ups Delta and housing bets
Berkshire owned about 106 million shares in the parent of Google, worth $37.9 billion at the end of June, according to a regulatory filing released Friday.
S&P 500 closes lower, but posts third straight weekly gain: Live updates
The S&P 500 slid on Friday after a record-setting session, though the benchmark still notched its third consecutive weekly advance.
U.S. to use economic tactics on Iran ‘that have never been seen’; Navy works to relieve troubled carrier USS Abraham Lincoln
The Trump administration is ratcheting up rhetorical pressure on Iran as the military conflict in Iran appears mired in a strategic stalemate.
Nintendo shares pop 7% after ‘Pokémon Pokopia’ sales top 5 million
Nintendo has been grappling with rising memory prices which forced the company to raise prices of its Switch 2 console which went on sale just over a year ago.
Trump ally Nigel Farage wins special election to return to UK parliament
Farage stepped down last month to trigger the vote, branding it a fight against “the establishment,” amid controversy over his finances.
China built robots that can do backflips – but can they make money?
Unitree’s IPO will gauge investors’ appetite for a technology that has yet to prove its commercial viability amid intensifying geopolitical tensions.
