The 30-year Treasury yield has breached the critical 5% threshold amid Moody's credit rating downgrade and growing concerns about US fiscal deficits, triggering market volatility and investor anxiety.
Elon Musk has committed to remaining Tesla's CEO for at least five more years while scaling back his political activities, addressing investor concerns about his divided attention and Tesla's recent sales challenges.
Chinese EV battery giant CATL made a spectacular Hong Kong stock market debut, jumping 16.4% despite geopolitical tensions, raising $4.6 billion in the world's largest IPO this year.
Baidu has launched two powerful new AI models - ERNIE 4.5 Turbo and ERNIE X1 Turbo - with enhanced multimodal capabilities and significantly lower costs, challenging competitors like DeepSeek and OpenAI.
Forever 21 filed for bankruptcy protection for the second time in six years, closing all 354 US stores by May 1, 2025, due to competition from online retailers like Shein and Temu.
Warren Buffett's Berkshire Hathaway has increased its stakes in five Japanese trading houses to nearly 10%, signaling a long-term commitment that could last decades as part of a strategic $23.5 billion investment.
Moody's downgraded US credit rating from Aaa to Aa1, citing rising debt and interest payments. All three major rating agencies now rate US below top tier, potentially impacting markets and borrowing costs.
Coinbase has confirmed it is under SEC investigation for possibly overstating its user numbers in past filings. The probe, a holdover from the previous administration, focuses on the now-discontinued 'verified users' metric. Despite recent setbacks, including a major data breach, Coinbase remains committed to resolving regulatory scrutiny as it cements its role in mainstream finance.
Despite a recent trade truce, China continues to enforce export controls on key rare earth elements, maintaining its strategic leverage over global supply chains and leaving US and global manufacturers facing ongoing uncertainty and supply risks.
