The offshore renminbi (CNH) was trading at 7.2804 yuan against the US dollar at 04:59 Beijing time, up 160 points from late trading in New York on Wednesday, and was trading in the 7.3484-7.2747 yuan range during the day.
U.S. Republicans are considering creating a new tax bracket for people earning $1 million or more to offset some of the cost of the tax bill, a stark departure from the party's decades-old opposition to tax increases, according to people familiar with the matter. The new top rate would be between 39 percent and 40 percent, according to people familiar with the matter. Trump administration officials and Capitol Hill allies are starting to draft a tax package that they hope will pass in the coming...
According to the CME "Fed Watch", the probability that the Fed will keep interest rates unchanged in May is 68.8%, and the probability of a 25 basis point cut is 31.2%. The probability that the Fed will keep interest rates unchanged in June is 18.5%, the probability of a cumulative 25 basis point cut is 58.7%, and the probability of a cumulative 50 basis point cut is 22.9%.
At around 2am local time in Zurich, Mark Haefele, chief investment officer at UBS Global Wealth Management, gave his judgment on a new round of large-scale tariffs by US President Donald Trump. He wrote in a note to clients: The Federal Reserve will be forced to cut interest rates sharply this year, possibly as many as four times. About 12 hours later, Michael Gapen, chief US economist at Morgan Stanley, came to the opposite conclusion...
US President Trump: Musk can stay as long as he wants, but may leave in a few months. After Musk leaves, the government's work to improve efficiency will continue.
According to the New York Times, European Union regulators are preparing to impose major penalties on Musk's social media platform X for violating the European Union's Digital Services Act (DSA), four people familiar with the matter said. The penalties will include fines and requests for product changes, which could exceed $1 billion. The penalties are expected to be announced this summer. These will be the first penalties issued under the DSA, and one source said the regulator is trying to use ...
According to Arkham monitoring data, on April 4, US Eastern Time, the Solana network will usher in the largest single-day pledge unlocking before 2028, and the SOL worth $200 million will be released. The unlocking involves four early pledge accounts. These accounts pledged a total of $37.70 million worth of SOL in April 2021, and the value of their positions has increased by 5.5 times at current prices.