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Global Markets React to PDD Earnings, New Iran Sanctions, and Energy Security Shifts

Key Takeaways PDD Holdings (PDD) reported a mixed Q2, missing revenue estimates with 112.36B yuan but beating earnings expectations with […]

Key Takeaways Shein has officially launched its $1.8 billion (HK$13.86 billion) Hong Kong IPO, with the offering reportedly fully covered

Key Takeaways Iran’s Rial has plunged to a historic low of 2.02 million per U.S. Dollar on the open market

Key Takeaways US Treasury Secretary Scott Bessent is set to unveil "the single greatest financial offensive ever marshaled against an

Key Takeaways A commercial tanker was struck by an unknown projectile 63 nautical miles west of Yanbu, Saudi Arabia, causing

Key Takeaways California halts settlement talks with Paramount Global (PARA) over its proposed $110 billion merger with Warner Bros. Discovery

Key Takeaways Strait of Hormuz traffic has surged nearly 400% in the last two weeks, reaching 20% of pre-war levels

Key Takeaways The European Commission approved a €6.1 billion defense procurement package for Ukraine, focusing on critical air defense systems,

Key Takeaways SoftBank Group (9984) is launching a record ¥1 trillion ($6.3 billion) retail bond issuance, the largest ever by

Key Takeaways AI Investment Gap Widens: US corporate investment in AI and high-tech equipment is projected to rise three times