China Permits Some Independent Refineries to Cut Fuel Output Amid Inventory Surplus
Chinese authorities now allow certain independent refiners to reduce processing rates as fuel stockpiles remain high despite earlier mandates to sustain output.
Latest news
Trade & Tariffs
Defense & Security
Trump’s Frustration with Iran Peace Talks Signals Challenges Ahead
President Trump’s dismissive attitude toward Iran-U.S. negotiations reveals impatience that may undermine efforts to end conflict and stabilize the region.
Crypto & Fintech
Polymarket Faces Backlash Over $85 Million Bitcoin Sale Bet Dispute
Polymarket users challenge the refusal to recognize MicroStrategy’s Bitcoin sale due to late public disclosure, sparking controversy over platform rules and oracle reliability.
Corporate Power
European Commission Sets July Deadline for Paramount-Warner Bros. Merger Review
The European Commission aims to conclude its review of the Paramount and Warner Bros. Discovery merger by early July, as multiple regulators worldwide examine the $110 billion deal.
Trade & Tariffs
US Prioritizes Staying Ahead of China in AI Amid Strategic Competition
Secretary of State Marco Rubio emphasized that maintaining US leadership in artificial intelligence is critical to national security as the US faces ongoing strategic rivalry with China.
Defense & Security
Russian Drone and Missile Strike Kills Dozens in Ukraine Amid Escalation
Russia launched a massive overnight assault with hundreds of drones and missiles targeting multiple Ukrainian cities, killing at least 22 civilians and wounding over 130.
Crypto & Fintech
Kaiko Expands Crypto Data Capabilities with Amberdata Acquisition
Kaiko acquired Amberdata to strengthen its institutional crypto data offerings, integrating derivatives analytics and AI-driven research tools demanded by banks and asset managers.
Corporate Power
SpaceX Seeks Unusually Low Underwriting Fees as It Prepares Massive IPO
SpaceX aims to raise $75 billion in a record-setting IPO while negotiating underwriting fees below 0.75%, challenging Wall Street’s standard rates.
Defense & Security
Rubio Challenges Booker’s Claims Over Trump’s Iran Strategy in Heated Congressional Exchange
During a tense congressional hearing, Marco Rubio disputed Cory Booker's assertion that former President Trump desperately sought an Iran deal amid ongoing conflict and economic pressure.
Markets & Macro
Fed Poised to Shift Toward Rate Hikes as Inflation Pressures Mount
The Federal Reserve plans to signal a move away from easing and toward tightening amid rising inflation driven by energy costs and a resilient economy.