The company?s selection for its AI-driven financial technology places it among the top 100 pioneering startups addressing the world?s most urgent challenges. Candidly, the market?s only AI-driven student debt and savings optimization platform, today announced it has been selected as a World Economic Forum 2025 Technology Pioneer, which celebrates its 25th anniversary this year.
Mexico's headline inflation landed in line with expectations in the first half of June, reinforcing analysts' expectations that the central bank should continue to steadily bring down interest rates in Latin America's second-largest economy.
As waves of AI-driven disruption transform the global workforce, one thing is clear: for senior software developers, tech skills might open doors, but soft skills lead the way. New data from BairesDev?, which screens over 2 million applications across 50+ countries each year, revealed that soft skills now account for 40% of senior developer hiring decisions ? a figure that has doubled since 2023.
* Central bank open to resuming hikes if inflation remains above 3% target. * Brazil's economy has continued to outperform expectations. * Short-term inflation outlook remains adverse. By Marcela Ayres.
Germany will boost defence spending to 3.5% of gross domestic product by 2029, a hefty, and quick, increase from a 2% NATO quota that it only achieved for the first time in three decades in 2024. Here is how Germany will achieve its defence spending goal: DEFENCE FUND.
Brazil's central bank said on Tuesday that much of the impact from its "particularly quick and very firm" tightening cycle is yet to be felt, which is why it now foresees a pause in interest rate increases to assess those effects.
The Bank for International Settlements issued its starkest warning yet on the risks posed by stablecoins and urged countries to move rapidly towards the tokenisation of their currencies.
The U.S. housing market logged its slowest May for existing-home sales since 2009, confirming that elevated mortgage rates and record prices continue to chill demand even as listings rise. What Happened: Sales slipped 0.7% from a year earlier to an annual rate of 4.03 million, the National Association of Realtors said, leaving activity about 25% below pre-pandemic norms.
* BIS warns stablecoin carry multitude of system-wide risks. * Risks include monetary sovereignty, EM capital flight. * Central banks need to boldly pursue tokenisation. By Marc Jones. The Bank for International Settlements issued its starkest warning yet on the risks posed by stablecoins and urged countries to move rapidly towards the tokenisation of their currencies.
Wall Street advanced on Tuesday as investors welcomed a fragile truce with Israel and Iran while parsing Federal Reserve Chair Jerome Powell's congressional testimony for clues regarding the U.S. central bank's path forward. All three major U.S. stock indexes were on track for their second straight session of solid gains following U.S. missile strikes on Iran's uranium enrichment assets.
U.S. stocks rallied more than 1% on Tuesday as investors welcomed a fragile truce with Israel and Iran while parsing Federal Reserve Chair Jerome Powell's congressional testimony for clues regarding the U.S. central bank's path forward. All three major U.S. stock indexes closed with their second straight session of solid gains following U.S. missile strikes on Iran's uranium enrichment assets.
What matters in U.S. and global markets today. By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets. After a tentative ceasefire was announced in the Middle East, U.S. crude, gold, Treasury yields and the dollar gave up all gains registered since Israel's initial attack on Iran on June 13.
By Mike Dolan. What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets. After a tentative ceasefire was announced in the Middle East, U.S. crude, gold, Treasury yields and the dollar gave up all gains registered since Israel's initial attack on Iran on June 13.
The Federal Reserve need not cut interest rates with companies planning to raise prices later this year in response to higher import taxes and with the job market still stable, Atlanta Fed President Raphael Bostic told Reuters. "I think we have some space and time" to watch how the tariff and other policy debates evolve, said Bostic in an interview at his office in downtown Atlanta.
U.S. Federal Reserve Chair Jerome Powell begins two days of congressional testimony on Tuesday under fire from President Donald Trump for not cutting interest rates but with his status as head of the central bank seemingly secured from any presidential action by a Supreme Court ruling last month.
* Supreme Court citing Fed's special role limits Trump's appointments. * President may be able to name as few as two new governors. * Powell starts two days of hearings before Congress. * U.S. military involvement in Iran now part of backdrop. By Howard Schneider.
SINGAPORE, June 24, 2025 ShengShu Technology, a pioneer in generative AI video and creator of the flagship product Vidu, has been selected by the World Economic Forum as a member of the Technology Pioneers Community 2025. The Technology Pioneers Community recognizes early-stage companies driving impactful innovation, shaping the future through breakthrough technologies.
Shiru, the leader in AI-powered ingredient discovery, today announced that it has been selected as a 2025 Technology Pioneer by the World Economic Forum. The Technology Pioneers community, now in its 25th year, represents early-stage companies from around the world that are designing, developing, and deploying transformative technologies with significant potential to impact business and society.
Federal Reserve Governor?Michelle Bowman?has expressed her support for a potential interest rate cut in July, provided that inflation remains subdued. What Happened:??Bowman, during a speech in Prague, suggested that?an interest rate cut at?the upcoming July meeting would be appropriate if inflationary pressures remain low,?reported?CNBC on Monday.
As the era of Globalization 3.0 approaches?marked by rising calls for ?de-globalization? on one hand, and the vigorous global expansion of Chinese enterprises on the other?the "Born to Be Global" 2nd Global Summit of Chinese Enterprises Going Overseas and 2025 Mid-Year Industry Summit was held at the National University of Singapore from June 19 to 20, 2025.
* Germany plans record investments to stimulate economic growth. * Defence spending to rise to 3.5% of GDP by 2029. * Total borrowing of 847 bln euros over five years. By Maria Martinez.
* * Focus on Powell's testimony due later in the day. * ANZ expects gold to peak later in 2025, followed by a gradual decline in 2026. By Anushree Mukherjee. June 24 - Gold dropped more than 1% to touch a two-week low on Tuesday, after President Donald Trump's announcement of a ceasefire between Israel and Iran diminished bullion's safe-haven appeal.
The custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, the euro and China's yuan as the splintering of world trade and geopolitical upheaval spark a rethink of financial flows.
By Hongmei Li. Copper prices on the London Metals Exchange and Shanghai Futures Exchange inched up on Tuesday as caution prevailed after U.S. President Donald Trump announced the Iran-Israel ceasefire. LME three-month copper was up 0.52% at $9,717.5 per metric ton as of 0703 GMT and SHFE most-traded copper gained 0.4% to 78,640 yuan.
* Asian stock markets: https://tmsnrt.rs/2zpUAr4. * Trump says Iran and Israel agree to ceasefire. * Wall St futures rise, Nikkei up 1.3% * Dollar extends pullback, Treasury yields steady. By Wayne Cole, Stella Qiu.
-U.S. President Donald Trump said on Tuesday that interest rates in the country should be lowered by at least two to three percentage points, ahead of Federal Reserve Chair Jerome Powell's testimony before Congress. "We should be at least two to three points lower...if things later change to the negative, increase the Rate," Trump said in a Truth Social post.
U.S. President Donald Trump on Tuesday said interest rates should be at least two to three points lower and the U.S. Federal Reserve could increase them later if things turned negative. "We should be at least two to three points lower.
* Trump says Iran and Israel agree to ceasefire. * Global shares rally, oil slumps. * Focus on Powell's testimony for clues on US rate path. By Brijesh Patel. Gold prices fell to a near two-week low on Tuesday as risk appetite improved after U.S. President Donald Trump said Iran and Israel had agreed to a ceasefire, denting demand for safe-haven assets.
* Asian stock markets : https://tmsnrt.rs/2zpUAr4. * Trump says Iran and Israel agree to ceasefire. * Wall St futures rise, Nikkei up 1.3% * Dollar extends pullback, Treasury yields inch up. By Wayne Cole and Stella Qiu.
Most metals on the London Metals Exchange and Shanghai Futures Exchange were rangebound on Tuesday as caution prevailed after U.S. President Donald Trump announced the Iran-Israel ceasefire. LME three-month copper was up 0.04% at $9671.5 per metric ton as of 0103GMT and SHFE most-traded copper gained 0.09% to 78,400 yuan.
Chicago soybean futures edged lower on Tuesday, weighed by favourable U.S. weather conditions and falling soyoil prices after U.S. President Donald Trump said a ceasefire has been agreed on between Iran and Israel, reducing concerns over potential crude oil supply disruptions. Wheat also declined, pressured by benign weather and harvest pressure, while corn slipped to a fresh low for the year.
Gold hit a near two-week low on
Tuesday after U.S. President Donald Trump announced that Iran
and Israel had agreed to a ceasefire to end their 12-day
conflict, reducing safe-haven demand for the ...
* Asian stock markets : https://tmsnrt.rs/2zpUAr4. * Trump says Iran and Israel agree to ceasefire. * Wall St futures rise, Nikkei up 1.3% * Dollar extends pullback, Treasury yields inch up. By Wayne Cole and Stella Qiu.
With the dollar poised for its worst first-half performance since 1986, the selling may seem to be coming from everyone, everywhere, across every asset class. To some extent, that's true. Unsurprisingly, non-U.S. investors are responsible for the bulk of the selling, with equity-related selling pressure concentrated among European investors and fixed income-based selling mostly coming from Asia.
The dollar fell on Tuesday and the euro rose to its highest level since October 2021 after a ceasefire between Iran and Israel was announced, even as Federal Reserve Chair Jerome Powell repeated that he expects inflation to begin rising this summer.
KBRA assigns a AAA rating, Stable Outlook to County of Chesterfield General Obligation Public Improvement Bonds Series 2025A and General Obligation Refunding Bonds Series 2025B. Key Credit Considerations The ratings actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
The Brazilian central bank will hold an up to $1 billion spot dollar auction on Wednesday starting at 9:30 a.m. local time, it said in a statement on Monday. The central bank also announced in a separate statement a reverse FX swap auction of up to 20,000 contracts for the same day.
CHANHASSEN, Minn. Additionally, on June 18, 2025, prior to the completion of the sale-leaseback transaction, S&P Global Ratings upgraded the Company's issuer credit rating to 'BB-' from 'B+'. Due to this ratings upgrade and the existing 'BB-' issuer rating from Fitch Ratings, Life Time's credit facility margin improved by 25 basis points effective June 19, 2025.
TRADING DAY. Making sense of the forces driving global markets. By Jamie McGeever, Markets Columnist?. Stocks flew, oil sank, and bond yields tumbled on Monday in a highly volatile start to the week, as traders digested Iran's response to the U.S. strikes on its nuclear sites and a string of dovish remarks from Federal Reserve officials.
TRADING DAY. Making sense of the forces driving global markets. By Jamie McGeever, Markets Columnist. Stocks flew, oil sank, and bond yields tumbled on Monday in a highly volatile start to the week, as traders digested Iran's response to the U.S. strikes on its nuclear sites and a string of dovish remarks from Federal Reserve officials.
AM Best has assigned Long-Term Issue Credit Ratings of ?a? to UnitedHealth Group Incorporated?s [NYSE: UNH] recently issued senior unsecured notes. The proceeds from UnitedHealth Group?s recent $3 billion debt issuance are expected to be used for general corporate purposes, including repayment of short-term borrowings, commercial paper and/or upcoming debt maturities.
* Indexes up: Dow 0.89%, S&P 500 0.96%, Nasdaq 0.94% * Tesla up on robotaxi launch in Texas. * US business activity moderates; price pressures building up. * Crude drops as Iran retaliation leaves shipping routes undisrupted. By Stephen Culp.
Bit Digital Inc (BTBT): * WHITEFIBER, INC. ANNOUNCES C$60 MILLION CREDIT FACILITY WITH ROYAL BANK OF CANADA FOR DATA CENTERS Source text: Further company coverage:
* Tesla up on robotaxi launch in Texas. * US business activity moderates; price pressures building up. * Crude drops as Iran retaliation leaves shipping routes undisrupted. By Stephen Culp. Wall Street rallied on Monday as prospects of the U.S. Federal Reserve cutting interest rates as early as July offset fears that Iran would disrupt crude transport in the Middle East.
NEW YORK, June 23, 2025 WhiteFiber, Inc., the wholly-owned HPC subsidiary of Bit Digital, Inc. (BTBT), today announced entry into a definitive credit agreement with the Royal Bank of Canada, the largest bank in Canada, to finance its data centers business.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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