Gold surged to a record high above $3,800 per ounce Monday as investors rushed into safe haven assets amid fears of a U.S. government shutdown and growing expectations of Federal Reserve rate cuts.
President Trump says a 100% tariff will apply to branded pharmaceutical imports from Oct. 1, unless the companies have begun building manufacturing plants in the U.S.
Premium travel rewards cards now carry annual fees topping $500. With careful use of credits and perks, cardholders can still come out ahead.
The U.S. government will phase out nearly all paper Social Security payments by September 30, 2025, requiring recipients to switch to direct deposit or prepaid debit cards.
President Trump’s new tax measure raises the SALT deduction cap to $40,000, with residents in states like New York and California seeing the biggest median savings.
Huawei has detailed a three-year campaign aimed at narrowing the technological gap with Nvidia, relying on scale, national strategy and integrated infrastructure rather than raw silicon supremacy.
The New York Department of Taxation and Finance will send refund checks to over 8 million residents starting late September, with exact amounts based on 2023 income and filing status.
The Federal Reserve lowered its benchmark rate by 0.25% to 4.00%–4.25%, its first step in a projected series of cuts as job growth slows and inflation stays high.
China has ordered major tech firms to stop buying Nvidia’s RTX Pro 6000D chips, prompting CEO Jensen Huang to express disappointment and highlight growing geopolitical risk.
The average U.S. FICO score slipped from 717 to 715 over the past year, marking its largest annual drop since the financial crisis, as more borrowers miss payments and student-loan delinquencies rise.
Major U.S. tech firms including Microsoft, Nvidia, Google and OpenAI have committed approximately £31 billion (about $40 billion) toward UK AI infrastructure, signaling a major boost to the country’s computing and innovation potential.
Citigroup forecasts Ether could fall to about $4,300 by the end of 2025 under its base scenario, warning current price levels may be supported more by sentiment than fundamentals.
Standard Chartered’s innovation arm, SC Ventures, is planning a $250 million digital assets fund launching in 2026, with some backing expected from Middle Eastern investors.
CoreWeave’s stock surged after revealing a $6.3 billion Nvidia agreement guaranteeing purchases of unsold cloud capacity through 2032.
Elon Musk’s open-market purchase of around $1 billion in Tesla shares reignited investor faith, sending the stock into positive territory for the year.