Latest posts
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Korean Media Giant JoongAng’s JTBC Defaults, Downgraded to Junk
JTBC Co. Ltd., the broadcaster owned by South Korea’s media giant JoongAng Group, defaulted on securitized loans and was downgraded to junk by a local ratings firm, triggering a series of rating cuts across the conglomerate.
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Geely to Shut Some Units, Focus on HK-Listed Arm, Chairman Says
China’s Zhejiang Geely Holding Group will streamline its structure by shutting down or merging some entities and concentrate resources around its Hong Kong-listed arm, in a bid to improve governance, Chairman Li Shufu said.
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Challenges and Opportunities of Investing in African Startups
Investment into African startups held up in 2025, even as funding conditions tightened. According to AVCA, more than $5 billion was invested in African startups last year, with deal activity also rising. Bloomberg’s Jennifer Zabasajja spoke with venture capital investor…
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China Rebukes US Over ‘Military’ Labeling of Its Top Firms
China’s Commerce Ministry said it firmly opposes the US decision to label additional firms as “military companies,” accusing Washington of using national security as a pretext to curb the development of Chinese firms.
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Why Musk Raced to Take SpaceX Public in the World’s Biggest IPO
It was meant to happen once humans were regularly flying to Mars. Then the AI boom took off.
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US Kills Tren de Aragua Leader Guerrero in Strike on Compound
The US killed the leader of the Tren De Aragua drug cartel, Niño Guerrero, in a strike that was carried out with the assistance of Venezuela, President Donald Trump said.
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Inside SpaceX and Elon Musk’s $75 billion IPO
SpaceX’s first day on the stock market transformed the startup into one of the world’s most-valuable public companies, handed buyers of the IPO a 19% return and turned its founder Elon Musk into the world’s first trillionaire. Ed Ludlow reports.…
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CFTC Considers Blocking CME’s 24/7 Oil Contract Bid
The US Commodity Futures Trading Commission is considering whether to block CME Group Inc.’s bid to launch a round-the-clock oil contract, heightening tensions between the market stalwart and its regulator.
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Knicks’ Team Sacrifices and Success Inspire New York Optimism
Bill Bradley, former US Senator and two-time NBA champion, discussed the New York Knicks’ recent success, highlighting how Jalen Brunson gave up millions in free agency to allow the team more financial flexibility to build a stronger roster. He emphasized…
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What to Know About SpaceX’s Record-Breaking IPO
SpaceX had the largest stock-market debut in history when it went public on June 12. The company raised $75 billion in the initial public offering and ended its first day on the public markets with a market capitalization of around…
