Trending in Finance
Michael Burry Bets $1.1 Billion Notional on Puts Against AI Leaders Nvidia and Palantir
Elon Musk loses trillionaire status as SpaceX shares tumble nearly 30%
Venezuela to Tackle $240 Billion Debt After Political Shift, Eyes Biggest Restructuring Ever
HSBC Private Bank Suisse Charged in $330M Lebanon Embezzlement Scandal
All Finance Stories
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Indonesia Risks Losing Emerging Market Status After 37 Years
MSCI's warning on Jan 28, 2026 threatens Indonesia's classification, with possible downgrade to frontier market by November. Billions in passive outflows loom.
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Federal Reserve: 32 Largest Banks Pass Severe 2026 Stress Test
The Federal Reserve's 2026 stress test shows all 32 large banks can absorb a deep recession, with capital requirements unchanged until 2027, easing concerns for crypto markets after past bank failures.
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SK hynix Files for $29 Billion Nasdaq IPO Amid AI Memory Boom
South Korea's SK hynix, the world's largest HBM supplier, seeks to raise $29.4 billion in a record U.S. IPO, driven by surging demand for AI memory chips and a 77% net margin.
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Cerebras Systems Drops Below IPO Price on Margin Concerns
AI chipmaker Cerebras Systems' stock slid below its $185 IPO price after the company forecast lower Q2 core gross margins, despite strong revenue growth and a narrower loss.
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Gold Slips Below $4,000 on Dollar Strength and Hawkish Fed Signals
Spot gold fell below the psychological $4,000 level for the first time since November 2025, pressured by a surging U.S. dollar and expectations of further Federal Reserve rate hikes.
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Kalshi Sues Illinois Over New State Tax on Sports Prediction Markets
Kalshi sued Illinois in federal court, claiming the state's new 15% tax on sports prediction wagers wrongly treats them as gambling, not CFTC-regulated swaps. The case escalates a multi-state battle likely headed to the Supreme Court.
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Kalshi Bets Against Bessent's 3% GDP Growth Target: Just 14% Odds
Prediction market Kalshi gives only a 14% probability to US GDP growth above 3% in 2026, sharply contrasting with Treasury Secretary Scott Bessent's optimistic forecast amid rising inflation and recession fears.
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Elon Musk loses trillionaire status as SpaceX shares tumble nearly 30%
Elon Musk briefly became the world's first trillionaire after SpaceX's IPO in June 2026, but a 30% drop in its shares erased over $300 billion from his fortune, pushing his net worth below $1 trillion.