FCMs Plan to Boost Post-Trade Technology Budgets Amid Aging Systems Concerns
Over half of clearing firms cite aging post-trade infrastructure as their top challenge, driving most to increase technology spending significantly in the coming years.
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Nvidia CEO Jensen Huang Joins Tsinghua University Advisory Board Amid US-China Tech Tensions
Nvidia’s Jensen Huang has accepted a position on the advisory board of Tsinghua University’s School of Economics and Management, deepening ties with China amid ongoing export restrictions.
Trade & Tariffs
Chinese Automakers Surge Ahead as Global Competitors Struggle in EV Race
Global carmakers face growing challenges as Chinese manufacturers lead in electric vehicles, advanced batteries, and integrated software, reshaping the auto industry landscape.
Trade & Tariffs
Hillsborough Leaders Back Major Tampa Bay Rays Stadium Plan Amid Ongoing Deal Uncertainty
Hillsborough County officials support a multi-billion-dollar Tampa Bay Rays stadium and development plan, but final deal negotiations remain complex and uncertain.
Trade & Tariffs
US Expands Sanctions on Iranian Agency Controlling Strait of Hormuz Shipping
The US government imposed new sanctions targeting Iran’s agency overseeing shipping tolls and transit through the Strait of Hormuz amid ongoing conflict and diplomatic efforts.
Trade & Tariffs
US Imposes Sanctions on Iranian Agency Controlling Strait of Hormuz Shipping
The US targets Iran’s newly formed agency regulating shipping through the Strait of Hormuz, adding economic pressure amid ongoing military actions and tense negotiations.
Trade & Tariffs
HTX Rejects UK Sanctions Amid Reports of Billions in Russian-Linked Crypto Transactions
HTX disputes UK sanctions over alleged links to Russia’s shadow A7 network despite new data revealing billions in cryptocurrency flows tied to Russian entities.
Trade & Tariffs
NIO Unveils ES9, China's Largest Electric SUV Priced From $54,000 With Battery Leasing Option
NIO launched the ES9 flagship SUV, a three-row electric vehicle with up to 385 miles range and a competitive starting price enabled by its Battery-as-a-Service model.
Trade & Tariffs
Former Trump Customs Chief Summoned to Court Over Delays in Tariff Refunds
Rodney S. Scott faces a federal hearing amid concerns that the government has not fully complied with court orders to refund illegal tariffs collected under Trump’s trade policies.
Trade & Tariffs
Trump Signals Caution on Iran Deal Amid Midterm Politics and Military Readiness
President Trump declared he will not hasten an Iran nuclear agreement due to midterm election pressures, emphasizing that military options remain viable if negotiations fail.
Trade & Tariffs
U.S. Trade Official Confirms Tariffs Will Continue on Canada and Mexico Despite CUSMA
The Trump administration plans to maintain tariffs on Canada and Mexico amid ongoing CUSMA trade talks, signaling a tough stance on key sectors like automobiles and steel.
Trade & Tariffs
REalloys Secures Long-Term Heavy Rare Earth Supply from Greenland Project
REalloys has locked in a 15-year offtake deal for rare heavy earth elements from Greenland’s Tanbreez deposit, strengthening U.S. efforts to diversify defense supply chains away from China.