Tencent Music buys $177 million stake in K-Pop giant SM Entertainment
With a 9.7% stake, Tencent’s online music arm will become the second-largest shareholder of SM Entertainment, known for major K-pop acts such as Aespa and NCT.
Investing
How this investor spots billion-dollar winners in boring industries
Satya Patel of Homebrew, No. 13 on this year’s Midas Seed list, scouted companies like IPO-bound digital bank Chime and payroll unicorn Gusto long before they made it big.
Bitcoin hits all-time high of over $109K amid crypto rally
The Senate advanced regulations for stablecoins earlier this week, following support from the broader crypto industry.
Reserve Bank cuts cash rate to 3.85%
Mortgages and some cost-of-living expenses are set to ease slightly, after a long-awaited interest rate cut. “At its meeting today, the Board decided to lower the cash rate target by 25 basis points to 3.85 per cent,” an RBA statement reads. The RBA decision today was based on moderating Inflation and an uncertain economic outlook. “The Board judged […]
Stocks rebound after Moody’s credit downgrade raises treasury yields
Apple, Tesla and more led an earlier selloff.
Joe Biden diagnosed with ‘aggressive’ form of prostate cancer
A spokesperson for former President Joe Biden said he has an “aggressive form” of the illness.
Boeing, Tesla, Nvidia and other stocks surge amid U.S.-Saudi dealmaking spree
Boeing’s deal with Qatar Airways comes as Qatar offered to donate a $400 million 747-8 jumbo jet for President Donald Trump to use as a temporary Air Force One.
Key Trump tariff hearing: Court weighs potential block—but doesn’t hint how it will rule
Judges questioned both sides Tuesday, giving little indication of how they’ll rule.
Financial blind spots: The mistakes we don’t know we’re making
The thing about blind spots is that we can’t see them. That’s what makes them so tricky—and often costly, especially when dealing with money. It came as a surprise when my wife, Mika, recently told me that I needed to work on my grocery store etiquette. Who knew there even was such a thing? I’m […]
Trump administration says it reached a trade deal with China—though details remain unknown
Representatives from China and the U.S. met for a second day Sunday to discuss trade policies amid fallout from President Donald Trump’s tariff plan.