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US sanctions have tanked Russian semi-chip imports from China and Hong Kong, new data shows

Semiconductor exports shipped through China and Hong Kong have dropped as much as 28% in the first …

Filip De Mott   


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Russia sees 'decades' of Western economic sanctions ahead, official says

Russia sees "decades" of Western sanctions ahead, a foreign ministry official said. The country is …

Kelly Cloonan   


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Russia's biggest private lender is expanding to China after being hit by US sanctions

The bank, owned by the Russian oligarch Mikhail Fridman, is looking to build new offices in China B…

Jennifer Sor   


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Russian banks say they're run out of yuan as Chinese firms pull away from the nation

Payment scuffles between Russian companies and Chinese banks have escalated in recent weeks, with C…

Jennifer Sor   


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3 reasons to pile into gold with the metal poised to rally in 2025, according to Goldman Sachs

"Gold offers significant hedging value to portfolios against geopolitical shocks including tariffs,…

Matthew Fox   


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3 mins read

A Russian warlord's new Cybertruck shows how Western sanctions are full of holes

Tesla doesn't ship Cybertrucks to Russia, but that doesn't seem to have stopped Chechen leader Ramz…

Hannah Abraham   


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2 mins read

New US sanctions take aim at Iran's 'sprawling' network of shadow banks fueling Russian and Houthi operations

Nearly 50 entities and individuals were sanctioned on Tuesday for funding an illicit network in Ira…

Filip De Mott   


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The US and the West are facing the blowback of sanctions against Russia, economist says

The US may have opened a "Pandora's box of unintended consequences" by imposing sanctions on Russia…

Jennifer Sor   


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Super Micro Computer falls as short-seller Hindenburg Research accuses the AI darling of 'accounting manipulation'

Hindenburg said an investigation found "glaring red flags" even after the SEC charged the company w…

Jennifer Sor   


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Stock market today: Indexes slip after Dow closes at record as investor look to Nvidia earnings

Stocks wavered as investors hit the brakes ahead of Nvidia's big earnings report after the closing …

Filip De Mott   


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The 4 forces that will challenge the dominance of the dollar, according to economic researchers

The dollar's dominance in financial markets has slipped, with the greenback accounting for less tha…

Jennifer Sor   


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What the US can do to halt de-dollarization, according to one think tank expert

Although de-dollarization is a distant threat, the US has options to keep the movement from growing…

Filip De Mott   


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Russia is reportedly receiving shipments of dollars and euros despite sanctions and efforts de-dollarize

Russia has received $2.3 billion worth of dollar and euro bills despite sanctions since March 2022,…

Jennifer Sor   


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Stock market today: US stocks close at record highs after encouraging May inflation and Fed commentary

The S&P 500 closed above 5,400 for the first time as traders took in upbeat inflation data and mess…

Jennifer Sor   


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Russia thanks Western sanctions for helping it avoid the CrowdStrike IT outage

An IT outage linked to CrowdStrike disrupted flights, banks, and media outlets across the globe. Ru…

Cameron Manley   


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Russia's 'overheating' economy will face a sharp slowdown next year as labor and sanctions crush momentum, central bank says

Russia's central bank projects that the economy's expansion will slow sharply to 0.5% to 1.5% in 20…

Filip De Mott   


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Stock market today: Indexes trade mixed after the S&P 500 hits longest winning streak of the year

The stock rally lost momentum Tuesday morning as investors gear up for the Fed's symposium in Jacks…

Filip De Mott   


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Russian oil flows are sidestepping sanctions and trading above the G-7 price cap all over the world

Bloomberg reported that Urals grade crude is selling at around $75 a barrel, exceeding the G7 natio…

Yuheng Zhan   


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The US-China rivalry will reshape the landscape for Big Tech earnings

Geopolitical conflict and a "tit for tat" rivalry between US and China is a risk to future tech-ear…

Yuheng Zhan   


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The US is reportedly rethinking plans to ban Russian diamonds amid industry pushback

Sources told Reuters that US officials had pulled back from working on measures to certify gems are…

Jennifer Sor