Sanae Takaichi, the newly elected leader of Japan’s ruling party, the Liberal Democratic Party (LDP), attends a press conference after the LDP presidential election in Tokyo on Saturday, Oct. 4, 2025.Yuichi Yamazaki | Pool Photo via APJapan’s Komeito political party is reportedly quitting the country’s ruling coalition led by the Liberal Democratic Party, public broadcaster NHK said Friday.Komeito Chief Representative Tetsuo Saito said that the LDP “failed to provide sufficient answers regarding political funding issues,” after meeting with LDP President Sanae Takaichi, according to the report.If confirmed, the split would end a political alliance that has existed since 1999. It…
Author: usaeverydaylife
A dump truck moves raw ore inside the pit at the Mountain Pass mine, operated by MP Materials, in Mountain Pass, California, U.S., on Friday, June 7, 2019.Joe Buglewicz | Bloomberg | Getty Images In the 1984 science fiction film Dune, Baron Vladimir Harkonnen uttered the famous quote that can aptly be used to describe rare earth metals: “He who controls the spice, controls the universe.”The spice was central to the Dune universe, allowing trade to flourish and planets to prosper. In the same way, rare earth metals seem to be the spice today.These metals are used in almost every…
Prediction markets have stormed the sports betting arena, leading the biggest sports gambling companies to lose billions in value over recent weeks. Bank of America thinks the sell-off appears overdone. Analyst Shaun Kelley reiterated his buy ratings on sports betting giants DraftKings and FanDuel parent Flutter on Monday. While he lowered his price target on both stocks to “reflect overhangs” from prediction markets, his targets still point to big gains ahead. Kelley trimmed his DraftKings stock forecast by $2 to $48, which implies 37.2% upside from Monday’s close. His $325 price target on Flutter, down from $350, suggests the stock…
With its recent political turmoil and instability, France has been compared to Italy, replacing it as the new “bad boy” of Europe.Should France, then, take a page out of Italy’s book and consider a technocratic government?President Emmanuel Macron is expected to pick his new prime minister by Friday evening, after outgoing PM Sebastien Lecornu led last-ditch talks for two days with political parties to try and unlock the current political deadlock.Lecornu on Wednesday evening declared that “a majority of deputies oppose dissolution (of parliament), a platform for stability exists, a path is possible to adopt a budget by December 31st”. He concluded…
Stocks listed in Europe look set for a mixed open on Friday, amid tentative signs that a peace deal brokered by U.S. President Donald Trump is taking hold in the Middle East.Futures tied to London’s FTSE 100 were last seen trading 0.2% lower, while those tied to the French CAC 40 were 0.1% higher and German DAX futures were flat. Swiss SMI futures and those tied to Italy’s FTSE MIB were also little changed. Regional shares ended Thursday’s session in negative territory, as dealmaking and ongoing political uncertainty in France held investor attention.On Thursday evening, the Israeli government approved the…
CHONGQING, CHINA – JULY 17: In this photo illustration, a person holds a physical representation of a Bitcoin (BTC) coin in front of a screen displaying a candlestick chart of Bitcoin’s latest price movements on July 17, 2025 in Chongqing, China. (Photo illustration by Cheng Xin/Getty Images)Cheng Xin | Getty Images News | Getty ImagesA major trading platform in the U.K. has issued a stark warning to investors hoping to cash in on relaxed crypto rules: cryptocurrencies should not be in your portfolio.A longstanding U.K. ban on retail investors being able to access crypto exchange-traded notes (ETNs) was lifted on…
Astera Labs’ shares are poised to soar after Advanced Micro Devices and OpenAI unveiled a multibillion-dollar AI infrastructure deal on Monday, according to Citi. The investment bank set a Street-high $275 price target on Astera Labs, implying almost 25% upside from Monday’s close, when the stock ran up 10%. Citi reiterated a buy recommendation on Astera, whose shares have nearly quadrupled in price over the past six months. Astera Labs is a Silicon Valley-based semiconductor maker that provides hardware and software for AI and cloud infrastructure applications. It will supply critical networking infrastructure for Advanced Micro Device’s Helios platform, slated…
Pictured here is construction on a real estate project in Huai’an City, Jiangsu Province, China on October 9, 2025. Cfoto | Future Publishing | Getty ImagesBEIJING — China’s real estate market is expected to fall more sharply than expected in 2025, extending an industry slump for a fifth-straight year and delaying hopes of a market turnaround, S&P Global Ratings said in a report late Thursday.The analysts project sales of new homes will drop by 8% from last year to between 8.8 trillion yuan and 9 trillion yuan ($1.23 trillion to $1.26 trillion).That’s a far steeper decline than the 3% drop…
The collapse of U.S. auto parts maker First Brands Group is reverberating across the banking sector on both sides of the Atlantic. The company’s rapid demise – which is now unravelling a maze of complex debt agreements held with a range of lenders and investment funds globally – highlights the risks associated with private credit’s often “aggressive” funding structures. Jefferies said Wednesday that its Leucadia Asset Management unit has a $715 million exposure to the stricken Ohio-based company through its Point Bonita Capital Fund, which invests in invoice receivables. UBS O’Connor — the private markets, hedge fund and commodities-focused asset…
Cfoto | Future Publishing | Getty ImagesThe Motion Picture Association on Monday urged OpenAI to “take immediate and decisive action” against its new video creation model Sora 2, which is being used to produce content that it says is infringing on copyrighted media.Following the Sora app’s rollout last week, users have been swarming the platform with AI-generated clips featuring characters from popular shows and brands.”Since Sora 2’s release, videos that infringe our members’ films, shows, and characters have proliferated on OpenAI’s service and across social media,” MPA CEO Charles Rivkin said in a statement. OpenAI CEO Sam Altman clarified in…
