Today’s Breaking News
Coinbase to launch CFTC-compliant perpetual futures trading in US
With crypto markets buoyed by hopes of lighter regulation and a renewed risk appetite, exchanges are racing to capitalize on the frenzy by rolling out complex products that were once used primarily by seasoned traders.”We recently launched first-of-its-kind 24/7 futures trading, and I’m excited to share that … Read More >>
Google Cloud outage hits platforms including Spotify, Discord
Google Cloud said on its status page that multiple products were experiencing varying levels of service impact.”Our engineers are continuing to mitigate the issue and we have confirmation that the issue is recovered in some locations,” Google Cloud said. It added that it could not say when the issue would be … Read More >>
FEATURED ARTICLE
Citadel hires veteran US trader Barnea to bolster fuel trade, sources say
NEW YORK (Reuters) -Citadel has hired veteran U.S. oil and fuel trader Shai Barnea as a portfolio manager for its refined products trading business as the U.S. hedge fund looks to push deeper into commodities markets, two sources familiar with the matter said on Thursday.Barnea previously spent over a decade … Read More >>
OTHER HEADLINES
US says China’s Huawei can’t make more than 200,000 AI chips in 2025
Since 2019, a slew of U.S. export rules aimed at curbing China’s technological and military advancements have limited access by Huawei and other Chinese firms to high-end U.S. chips and the equipment needed to produce them. The issue has become a flashpoint in U.S.-China relations.Facing those restrictions, H … Read More >>
Goldman Sachs trims 12-month US recession probability to 30%
Earlier this week, negotiators from Washington and Beijing agreed on a framework covering tariff rates with the deal seeing removal of Chinese export restrictions on rare earth minerals and giving Chinese students access to U.S. universities.Investors breathed a sigh of relief following the deal and easing co … Read More >>
Nvidia to stop including China in forecasts amid US chip export controls, CNN reports
When asked whether the U.S. will lift export controls after trade talks with China in London this week, Huang said that he was not counting on it. “But, if it happens, then it will be a great bonus. I’ve told all of our investors and shareholders that, going forward, our forecasts will not include the China m … Read More >>
World leaders may face wildfire smoke at Canada G7 summit
WINNIPEG, Manitoba (Reuters) -World leaders may face smoke warnings when they gather next week in Alberta as wildfires burned out of control across much of Canada and caused the country’s second-worst fire season in decades. The Kananaskis area of the Canadian Rocky Mountains, where the Group of Seven leaders … Read More >>
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