The European Union seeks to reduce its record trade deficit with China by October, but a historic heat wave is driving high demand for Chinese-made air conditioners, complicating efforts. EU and China agreed to form a working group to monitor trade and address imbalances, but analysts doubt Beijing's pledges will significantly reduce the surplus. European leaders face the challenge of balancing consumers' demand for affordable Chinese goods with protecting strategic industries. The trade deficit reached €360 billion last year and €98 billion in the first quarter of 2026, with technology products dominating imports from China.
Idaho Copper Corporation announced an $18 million public offering of common stock and warrants priced at $4.85 per share, with an additional 45-day option for over-allotments. The proceeds will fund an updated Preliminary Economic Assessment, initial...
Bitcoin options open interest rose to nearly $26 billion, driven by increased call option positioning while traders also maintained significant downside protection. This mix indicates cautious bullish sentiment, with a focus on near-term upside poten...
Gold prices surged over 2% to above $4,000 per ounce following weaker-than-expected US private-sector job growth, with only 98,000 jobs added versus forecasts of 110,000. This softer employment data, combined with falling oil prices, has increased ex...
Aave V4 has launched its Global Dollar Hub, a new liquidity hub centered on the regulated stablecoin USDG issued by Paxos. Users can deposit PT-USDG principal tokens as collateral to borrow USDC and USDT, enabling fixed-rate stablecoin borrowing. Thi...
Affirm reported strong Q3 2026 results, with revenues reaching $1.04 billion, up 32.64% year-over-year, surpassing expectations by $43.56 million. The Affirm Card was a key growth driver, with active users increasing 130% year-over-year to 4.4 millio...
