Category: finance
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OpenAI and SoftBank Invest $1 Billion in SB Energy to Expand Stargate AI Data Centers
OpenAI and SoftBank Group have announced a combined $1 billion investment in SB Energy to expand the infrastructure supporting their ambitious Stargate AI initiative. Each company is contributing $500 million, funding the development of data center and power facilities designed to meet the growing energy demands of advanced AI systems. SB Energy to Build OpenAI’s
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Stablecoin Firm Rain Valued at $1.95 Billion Following $250 Million Funding Round
Stablecoin company Rain has raised $250 million in a Series C funding round led by ICONIQ, boosting its valuation to $1.95 billion. The latest fundraise underscores growing investor confidence in the digital assets sector, particularly in stablecoins, which are cryptocurrencies pegged to assets like the U.S. dollar to maintain a stable value. Rain’s Rapid Growth
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Morgan Stanley Files for Bitcoin and Solana ETFs in Major Digital Assets Push
Morgan Stanley, a leading U.S. bank, has filed for regulatory approval to launch exchange-traded funds (ETFs) linked to cryptocurrency prices, marking a significant expansion of its digital assets strategy. The filings with the U.S. Securities and Exchange Commission (SEC) signal the bank’s first foray into offering ETFs based on major cryptocurrencies like Bitcoin and Solana,
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U.S. ETF Provider Files for First Venezuela‑Focused Fund After Political Turmoil
A U.S. exchange-traded fund (ETF) provider has submitted a groundbreaking filing with the Securities and Exchange Commission (SEC) to launch the first ETF dedicated to companies with exposure to Venezuela, tapping into renewed investor interest following recent political developments in the South American nation. Teucrium Files for Venezuela Exposure ETF Vermont-based ETF issuer Teucrium has
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Global Equity Funds See First Outflow in Three Weeks Amid Geopolitical and Market Concerns
Global equity funds experienced their first weekly outflow in three weeks in the week ending January 7, 2026, as investors reduced risk amid geopolitical tensions, uncertainty over U.S. interest rates, and stretched stock valuations. The move reflects a cautious sentiment in markets following a period of strong inflows, particularly into U.S. equities. Net Outflows from
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South Korea to Launch 24-Hour FX Market in Bid for MSCI Developed-Market Upgrade
South Korea announced plans to open its currency market for 24-hour trading starting in July 2026, marking a major step toward internationalizing the won and seeking an upgrade to developed-market status from Morgan Stanley Capital International (MSCI). The move is part of a broader effort by the South Korean government to enhance financial market accessibility
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Swiss National Bank Profit Soars to 26 Billion Francs on Gold Price Surge
The Swiss National Bank (SNB) reported a profit of 26 billion Swiss francs ($33 billion) for 2025, driven by a record surge in gold prices as investors sought safe-haven assets amid global economic uncertainty. While below the record 80.7-billion-franc profit in 2024, the 2025 result ranks among the top five annual profits in the SNB’s
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Sterling Faces Weekly Decline as UK Economic Data Awaits
Sterling remained steady against the U.S. dollar on Friday after falling to its lowest level of the year, signaling a potential weekly decline as traders await critical UK economic indicators. Investors are closely monitoring upcoming gross domestic product (GDP) and jobs data, which are expected to provide clarity on the Bank of England’s (BoE) monetary
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U.S. Dollar Gains as Job Growth Slows, Hits One-Year High Against Yen
The U.S. dollar extended its winning streak on Friday after December’s job report showed weaker-than-expected employment growth. The data suggested the Federal Reserve may keep interest rates unchanged at its upcoming January meeting, supporting continued dollar strength across global markets. U.S. Jobs Data Supports Dollar Strength According to the U.S. Labor Department, the economy added
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SEBI Proposes Uniform Trading Disclosures and Higher Net-Worth Requirement for Margin Trading
India’s market regulator, the Securities and Exchange Board of India (SEBI), has proposed a set of new regulations aimed at standardizing trading disclosures across the country’s stock and commodity exchanges. The move is intended to strengthen market transparency and improve investor protection while supporting liquidity in both equity and commodity markets. Uniform Disclosure Requirements for
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