A trader watches as U.S. President Donald Trump greets Russian President Vladimir Putin, as they meet to negotiate for an end to the war in Ukraine, at Joint Base Elmendorf-Richardson in Anchorage, Alaska, on the floor at the New York Stock Exchange in New York City, U.S., August 15, 2025. Brendan Mcdermid | ReutersGlobal markets were on tenterhooks Monday as momentum to end the war in Ukraine appeared to be ramping up, with European leaders heading to Washington for more talks with U.S. President Donald Trump on ending the war in Ukraine.European markets traded mixed ahead of the summit later…
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Yieldstreet customer Justin Klish, who said he faces $400,000 in losses from investing on the platform.Courtesy: Justin KlishWhen Justin Klish stumbled upon an ad for Yieldstreet in February 2022, he said, it was the company’s tagline that stuck in his head.”Invest like the 1%,” the startup said.The ad spoke to his desire to build wealth and diversify away from stocks, which were then in freefall, Klish said. Yieldstreet says it gives retail investors such as Klish access to the types of deals that were previously only the domain of Wall Street firms or the ultrarich.So Klish, a 46-year-old financial services…
Wegovy injection pens arranged in Waterbury, Vermont, US, on Monday, April 28, 2025.Shelby Knowles | Bloomberg | Getty ImagesShares of Novo Nordisk climbed almost 5% Monday after the company’s blockbuster Wegovy obesity drug received accelerated approval from the U.S. Food and Drug Administration to treat a serious liver disease.The company on Friday said that it was granted approval for the treatment of metabolic dysfunction-associated steatohepatitis (MASH) in adults with moderate to advanced liver fibrosis, in combination with a reduced calorie diet and increased physical activity.Novo Nordisk shares were up 5.46% by 10:43 a.m. London time (5:43 a.m. E.T.).The approval makes…
OpenAI Co-Founder and CEO Sam Altman speaks at Snowflake Summit in San Francisco on June 2, 2025.Justin Sullivan | Getty Images News | Getty ImagesOpenAI CEO Sam Altman thinks the artificial intelligence market is in a bubble, according to a report from The Verge published Friday. “When bubbles happen, smart people get overexcited about a kernel of truth,” Altman told a small group of reporters last week.”Are we in a phase where investors as a whole are overexcited about AI? My opinion is yes. Is AI the most important thing to happen in a very long time? My opinion is also…
A train transports oil tankers in Ajmer on July 7, 2025. Indian exporters are scrambling for options as they seek to mitigate the fallout of U.S. President Donald Trump’s threatened tariff salvo against the world’s most populous nation.Himanshu Sharma | Afp | Getty ImagesU.S. President Donald Trump’s trade advisor Peter Navarro on Monday called on India to stop buying Russian crude oil, accusing the Asian giant of undermining international efforts to isolate Vladimir Putin’s war economy.Writing in in the Financial Times, Navarro described India’s dependence on Russian oil as “opportunistic,” adding that if India “wants to be treated as a…
Japan’s capital Tokyo has topped the list as the world’s best city for a “workcation,” according to a 2025 report by International Workplace Group (IWG), a flexible and hybrid workspace operator.The results are part of IWG’s third annual “Work from Anywhere Barometer,” which ranks the top workcation cities globally — or where travelers can combine work and leisure.Tokyo took the No. 1 spot because of its “exceptional” broadband speed, transport infrastructure, safety, culture and its newly launched digital nomad visa, according to the report.In addition, the city “also benefits from proximity to mountains, coastal regions, and national parks – ideal…
There was no deal when U.S. President Donald Trump met his Russian counterpart Vladimir Putin on Friday.That was not unexpected. The summit, which was initially arranged to discuss a ceasefire to Moscow’s war in Ukraine, was on Tuesday reframed by White House Spokesperson Karoline Leavitt as a “listening exercise” that allowed Trump to get a “better understanding of how we can hopefully bring this war to an end.”Prior to the summit, analysts were already casting doubt on the talks advancing any real ceasefire in Ukraine.”Let’s be clear, Putin does not take Trump seriously,” Tina Fordham, founder of Fordham Global Foresight,…
For years, China had an image problem it couldn’t shake off — synonymous with cheap exports, heavy censorship, and a state shrouded in secrecy and scandal.That has been changing as the country strives to burnish its image, rising in soft power rankings, with domestic businesses helping Beijing secure a significant facelift.Chinese coffee chains are popping up in New York. Chinese video games are generating billions in revenue. Even Chinese makeup, or “c-beauty,” companies are expanding into global markets.But the most surprising factor boosting China’s cultural rise isn’t a flying car, an AI model, or a bestselling game — it’s a…
A court ordered Australia’s largest airline, Qantas Airways, on Monday to pay a record fine of A$90 million ($58.64 million) for illegally sacking 1,800 ground staff during the COVID-19 pandemic and criticized it for a lack of contrition.In imposing the penalty, the largest ordered by a court on a company in the history of Australia’s labor laws, Federal Court Judge Michael Lee also inveighed against the airline’s litigation strategy.While Qantas made changes to its board and management team, Lee said subsequent expressions of regret seemed more aligned with “the damage” the case had done to the company than remorse for the harm caused to…
U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskyy at the White House in Washington, D.C., on Feb. 28, 2025.Nathan Howard | ReutersLONDON — European stocks are expected to open in positive territory on Monday as traders focus on a meeting between European leaders and U.S. President Donald Trump to discuss Ukraine.The U.K.’s FTSE index is seen opening 0.23% higher, Germany’s DAX up 0.16%, France’s CAC 40 up 0.24% and Italy’s FTSE MIB 0.2% higher.European leaders, including German Chancellor Friedrich Merz, French President Emmanuel Macron and British Prime Minister Keir Starmer, are traveling with Ukraine’s Volodymyr Zelenskyy to Washington to meet Trump…
