Author: Daniel Chang

Syria is preparing to start printing its newly designed currency in the United Arab Emirates and Germany, marking a significant shift away from its longstanding reliance on Russia for banknote production. This development signals warming relations with Gulf nations and parts of Europe, as Damascus looks to take advantage of recent sanctions relief. Sources familiar with the matter say Syrian officials have been in advanced discussions with Oumolat, a UAE-based company that specializes in secure printing. The talks gained momentum following recent visits by Syria’s central bank governor and finance minister to the UAE. Meanwhile, in Germany, interest has reportedly…

Jensen Huang, the CEO of Nvidia (NASDAQ: NVDA), is set to take the stage at Computex Taipei, one of the world’s biggest tech events. His highly anticipated keynote kicks off at 11:00 PM ET (3:00 AM GMT), and it’s expected to offer a glimpse into Nvidia’s latest innovations and strategic vision. Whether you’re a tech enthusiast or an industry insider, this is a moment you won’t want to miss. Tune in live and stay ahead of what’s next in AI, graphics, and computing.

Nvidia appears to be setting its sights on the quantum frontier. According to a recent report by The Information, the tech giant is in advanced talks to invest in PsiQuantum, a startup focused on building quantum computers. If the deal goes through, it would mark Nvidia’s first direct move into the physical quantum computing space. PsiQuantum, known for its unique approach using photons as qubits, is currently in the process of raising a new funding round estimated at $750 million. The company’s valuation before the new funding is reportedly around $6 billion. Investment giant BlackRock is expected to lead the…

Investors are starting to pull back slightly from their heavy exposure to U.S. dollar assets, shifting toward a more balanced approach rather than fleeing entirely, according to John Waldron, President of Goldman Sachs. Speaking in an interview, Waldron explained that many investors who had been significantly overweight on the dollar holding much larger stakes than usual are now adjusting those positions to reflect a more neutral outlook. “It’s not a panic move,” Waldron clarified. “It’s just the excess being trimmed back.” Earlier this year, market sentiment took a hit when the U.S. government, under President Trump, ramped up tariffs on…

Bank of America has raised its price targets for tech giants NVIDIA and AMD, pointing to major new deals in sovereign AI initiatives as a key driver of future growth especially as U.S. export restrictions to China loom closer in 2026. The bank now sees NVIDIA shares reaching $160, up from $150, and AMD shares hitting $130, up from $120. What’s fueling the optimism? Both chipmakers recently unveiled long term partnerships with HUMAIN, a Saudi Arabian firm backed by the kingdom’s Public Investment Fund. These multi year infrastructure projects are aimed at building out large scale artificial intelligence systems tailored…

The U.S. government is moving to cut off Cambodia-based Huione Group from the American financial system, citing serious concerns over its alleged involvement in laundering billions of dollars tied to cybercrime and online fraud schemes. In an announcement made Thursday, the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Treasury Department, labeled Huione Group as a “primary money laundering concern.” As part of the proposed action, American banks and financial institutions would be barred from establishing or maintaining any correspondent accounts with the firm. This proposal has now entered a 30-day public review period before it can be…

In early Asian trading on Monday, crude oil prices took a sharp hit, sliding more than $2 per barrel. The drop follows fresh developments from OPEC+, which has decided to accelerate its plans to ramp up oil production raising alarms over potential oversupply in the global market. By 2240 GMT, Brent crude had plunged $2.04, or about 3.33%, settling at $59.25 a barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude fell even further, dropping $2.10 or 3.60%, to land at $56.19 per barrel. Both benchmarks hit their lowest levels since April 9 as trading kicked off Monday. This latest slump…

The U.S. dollar has seen a mild recovery recently, lifted by renewed optimism surrounding trade discussions that could shape the next phase of the Trump administration. However, deeper concerns about the dollar’s long-term stability and America’s financial reliability are expected to keep the greenback from gaining too much ground, according to a recent analysis from Macquarie. While upbeat headlines about trade have sparked some short-term positivity, analysts at Macquarie caution that underlying fears about the U.S. being a financial risk particularly as a counterparty are far from resolved. “A significant part of the dollar’s recent weakness, especially through March and…

Tesla stock saw a modest uptick on Thursday morning after the electric vehicle giant publicly denied a report that it was actively searching for a replacement for CEO Elon Musk. The Wall Street Journal had published a story suggesting that the board was exploring leadership alternatives earlier this year, but Tesla swiftly pushed back against the claim. Robyn Denholm, Tesla’s chairwoman, issued a statement on the company’s official X (formerly Twitter) account, clarifying that Musk remains firmly at the helm. “Elon Musk is the CEO of Tesla, and the Board is fully confident in his leadership and his ability to…

U.S. stock markets saw slight upward movement on Monday, with the Dow Jones Industrial Average and S&P 500 closing with small gains, while the Nasdaq slipped just a bit. Investor sentiment was shaped by recent remarks from U.S. Treasury Secretary Scott Bessent and anticipation ahead of earnings reports from America’s largest tech giants, which collectively hold a market valuation of roughly $20 trillion. The Dow finished the session up by 114 points, or 0.28%, and the S&P 500 edged higher by 3 points, or 0.06%. Meanwhile, the Nasdaq Composite dipped by 17 points, marking a modest decline of 0.1%. Optimism…