SpaceX Take IPO as New Capital Funding
According to three sources, Morgan Stanley is a major candidate for SpaceX’s blockbuster initial public offering due to its close relationships to CEO Elon Musk. The IPO’s “bake-off,” or selection process, is still underway, with a select group of banks, including Morgan Stanley (MS.N), Goldman Sachs (GS.N), and JPMorgan (JPM.N), vying for roles, four sources…
Yuan Loans Soar While Dollar Trampled
Yuan credits are rising in popularity among investors. As Beijing continues to promote the yuan globally, yuan lending is expected to surpass offshore dollar loans at Chinese banks due to favorable pricing. China’s overseas bank loans tripled in four years to 2.52 trillion yuan, while onshore and offshore yuan debt sales are at record levels…
Fed Succesor Would Protect Bank’s Independence
On Wednesday, Federal Reserve Governor Christopher Waller, who is a candidate to succeed Jerome Powell next year, said he would “absolutely” defend the central bank’s independence if challenged by a U.S. president. Waller, who will speak with President Donald Trump about replacing Powell next May, said the president and Fed chief can discuss their opinions…
Trump Policies Hit EV Markets, Ford Cancel Battery Contract
South Korea’s LG Energy Solution reported on Wednesday that Ford Motor has terminated a 9.6 trillion won ($6.50 billion) EV battery-supply arrangement. In a regulatory statement, the South Korean battery producer said the termination followed Ford’s notification to suspend manufacturing of various EV models owing to legislative changes and EV market projection revisions. LGES signed…
AI Start to show its value
European bank shares to rise in 2026 after a solid 2025, driven by strong profitability and, critically, AI cost savings.Despite a complex backdrop, investors have become more optimistic about European banks as recession fears and European Central Bank interest rate cuts have eased. “A lot of the AI story has been focused on the revenue…
An Approval For Digital Asset Into Banking System
Ripple and Circle gained preliminary approval from a leading U.S. financial regulator to establish national trust banks on Friday, a dramatic move that could further incorporate digital assets into the banking system. The Office of the Comptroller of the Currency conditionally approved Circle and Ripple’s two new national trust bank charters and BitGo, Paxos, and…
Will AI Become The Next Gold? Big Investor Start To Hunting
Big investors at Abu Dhabi Finance Week expressed concern over AI-related businesses’ high valuations but said infrastructure investment is important to the sector’s long-term development. In recent months, tech giants including Alphabet (GOOGL.O), Meta (META.O), and Oracle (ORCL.N) have rushed to debt markets to keep up with AI, raising concerns about an AI bubble. “We…
Silver Touch New All Time High On This Years
Gold held steady on Thursday as the U.S. Federal Reserve agreed to lower borrowing costs by a quarter-percentage point but paused further rate reduction, while silver hit another new high. Spot gold rose 0.1% to $4,233.39 per ounce at 10:05 a.m. ET (1505 GMT), while February U.S. gold futures rose 0.1% to $4,262.60. As they…