Economy

  • Federal Judge tosses Trump’s $10 Billion IRS lawsuit, sanctions his lawyers

  • South Korea’s President Lee plans growth around record AI tax revenue

  • Japan wants its $1.8 trillion pension fund to nearly triple alternative allocation to 5%

  • The richest 10% are carrying the U.S. economy while everyone else cuts back

  • Congress prepares to challenge Chair Kevin Warsh as uncertainty over Fed policy grows

  • Why is the Nigerian stock market suddenly the best-performer globally?

  • New Hampshire council rejects $100 million Bitcoin-backed bond in 3-2 vote

  • Sony wins conditional US approval to issue a dollar stablecoin by 2027

  • USDT returns to Bitcoin via RGB, aiming at Tron’s stablecoin grip

  • SpaceX donates stock to Trump Accounts as Trump bets his presidency on the market

  • Bank of America flags three-wave S&P 500 correction that could drag global markets lower through September

  • BIS warns AI investment boom could unravel faster than 2008 banking crisis

  • Iran wants Gulf states and China to back a paid Hormuz transit regime after Trump ceasefire

  • Surge in Middle East oil supply brings lower prices and new macroeconomic risks

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  • BofA predicts that Warsh-led Federal Reserve will hike rates 3x this year, won’t cut until 2028

  • Goldman Sachs says surging EV adoption could shave 320,000 barrels a day off oil demand by late 2027

  • Japan’s Nikkei Index rides $65B physical AI commitment to close at record levels

  • South Korea’s 60% export surge is pulling billions from crypto

  • Iran announces another closure on Strait of Hormuz

  • Japan plans $65 billion physical AI push by 2040 to offset a shrinking workforce

  • EU’s latest data center tender set to put continent further behind in AI race

  • Strait of Hormuz reopening to dump more than 60 million trapped oil barrels into the market