International Business Times

Bessent's Plan To Increase The Amount Spent On Buybacks Of U.S. Debt Didn't Reassure Investors. Stocks Dropped.

Bessent said the accelerated buyback of government debt could be higher than the $4 billion announced on Wednesday.

Scott Bessent Ups The Ante With Accelerated Buybacks Of Treasury Bonds After Yields Rebound
Bessent Doubles Down On Economic Pressure Against Iran, Says It Likely Means No 'Large-Scale Kinetic Restart'
The U.S. National Debt Has More Than Doubled In Less Than A Decade, Hitting $40 Trillion For The First Time

The U.S. National Debt Has More Than Doubled In Less Than A Decade, Hitting $40 Trillion For The First Time
U.S. bond yields rebounded on Thursday and reversed the drop they had seen after the Treasury announced increased debt repurchases.
Bond Yields Rebound Quickly And Erase The Drop From The Treasury's Intervention In Just A Day
The Treasury Department said on Wednesday it will more than double the size of government debt repurchases.
AI Is Starting To Take A Toll On Jobs. Goldman Sachs Finds Entry-Level Workers Are Most Exposed.
New research found that industries with greater exposure to AI automation have generally experienced weaker growth in job openings since the second half of 2022.
Walmart's Results Beat Expectations And Hiked Its Outlook For The Year. Its Stock Plunged Anyway.
The company said it will use billions in tax refunds to prevent prices from rising.
Trump Announces Increased Economic Pressure Against Iran. Oil Prices Jump.
Both Brent crude and West Texas Intermediate were climbing around 3%.
Trump Says U.S. Will Carry Out An 'Economic D-Day' Against Iran. Countries Dealing With Tehran Will Be Targeted Too.
"These maniacs are on the ropes, and these HISTORIC MEASURES will cripple them and their ability to project terror worldwide," Trump added.

Formerly China's Richest Man, A Disgraced Real Estate Mogul Is Now Headed To Prison For Life

Hui Ka Yan, the founder of the Evergrande Group, will now spend the rest of his life in prison just five years after his property development company collapsed and sent shockwaves through the Chinese economy.

The Spotlight

The massive miss on jobs creation fanned fears about the US economy

The Job Market Is Stable But Workers Say It Feels Frozen: Report

Washington Wants To Limit Chinese AI Models. One Of Them Helped Contain OpenAI's Cyber Incident.

Economy in Focus

Americans Spend Nearly $2,000 a Year on Sports. Almost Half of Fans Have Taken on Debt
Among Americans who spend money on sports, 47% said they have gone into debt to pay for those expenses, like tickets, streaming subscriptions, and merchandise.
- The £100K Salary Trap: Why More High Earners Say They Still Feel Broke Despite Six-Figure Pay
- The Largest World Cup In History Just Ended. It Is Set To Drive Historic Revenue For FIFA
SpaceX Stock Falls Back Below IPO Price As 319 Million More Shares Hit The Market
Another batch of shares held by early investors and employees became eligible for trading Thursday, putting Elon Musk's newly public space company through another major test.
- SpaceX's Biggest Investors Revealed: 23 Firms Control More Than 80% of Its Reported Shares
- Anthropic Eyes Israeli Startup Reportedly Coveted By Nvidia, SpaceX. What Is Spurring The Suitors
Alibaba Shares Sink as AI Spending Surges, Sending Down Its Profit
Revenue rose 9% from a year earlier to 268.95 billion Chinese yuan, or roughly $39.7 billion, narrowly exceeding the 268.88 billion yuan expected by analysts.
- Bitcoin Jumps Above $71,000 As Trump Pushes Crypto Bill. Standard Chartered Sees $100,000 By Year-End.
- Formerly China's Richest Man, a Disgraced Real Estate Mogul Is Now Headed To Prison For Life

Bitcoin's Search For A Bottom Continues. Technical Signals Are Starting To Shift

While Bitcoin remains under pressure after months of volatility, several widely followed technical indicators suggest selling momentum may be easing, according to market analysts.

Contributor

Skylark Labs Expands Self-Learning Defense Robotics Across the U.S. and GCC; Leveraging Hexadyne's Three Decades of Defense-Market Expertise

The move marks a major expansion of Skylark Labs' push to bring its defense robotics portfolio to the U.S. government and allied defense customers across the Pacific Rim and the Gulf Cooperation Council.

Contributor
How Field Service Businesses Can Stop Losing Money to Scheduling Chaos
Most field service businesses don't lose money because of bad technicians. They lose it because of bad scheduling.
Contributor
What an Elevated PSA Really Means, According to Urologist Dr. Jitesh Patel
An elevated PSA reading triggers a modern prostate cancer workup built on multiparametric MRI, targeted biopsies, and active surveillance. Dr. Jitesh Patel of Advanced Urology explains the new pathway.