Author: News Room

Weekly dispatches from Israel provided by Forbes Israel. Local. Attack on Iran. On Friday morning, the Israeli Air Force attacked a facility in the heart of Iran. Although Israel has not officially claimed responsibility for the attack, several sources attributed the precise strike to Israel in response to Iran’s unprecedented attack last week. According to initial reports citing local media, explosions were heard and “suspicious flying objects” were seen in the skies over the central Iranian city of Isfahan near an important nuclear facility and Iranian air force base. Iranian media and official sources claimed that the incident involved only…

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Key News Asian equities had a strong day as Middle East tensions eased, except for Mainland China, which underperformed. Hong Kong had a strong day after the China Securities Regulatory Commission (CSRC), China’s SEC, announced policies aimed at bolstering Hong Kong’s status as a financial hub. The measures seek to broaden Stock Connect rules related to ETFs and REITs that trade in RMB and facilitate more IPOs from “leading enterprises”. Hong Kong’s market was led by higher internet stocks. The most heavily traded stocks by value were Tencent, which gained +5.46% as the company announced May 21st as the release…

Opening statements began in Donald Trump’s hush-money trial on Monday. Trump faces 34 felony counts for falsifying business records in the historic case.”This case is about a criminal conspiracy and a coverup,” ADA Matthew Colangelo said. Opening arguments in former President Donald Trump’s historic hush-money criminal trial got underway on Monday with a prosecutor describing the case as being about a “criminal conspiracy.””This case is about a criminal conspiracy and a coverup,” Assistant District Attorney Matthew Colangelo told the 12-person jury.Prosecutors in the Manhattan District Attorney’s Office allege Trump illegally falsified business records by covering up a $130,000 hush-money payment to…

The 339-mile CHPE transmission line aims to provide hydropower to a million New York City homes.The underground transmission line will run through waterways, raising some environmental concerns.This article is part of “Transforming Business: Infrastructure,” a series exploring the advancements reshaping US infrastructure. Beginning in 2026, 1,250 megawatts of electricity could speed along 339 miles of underground cable to provide a million New York City homes with hydropower generated in Canada.The $6 billion Champlain Hudson Power Express transmission line is under construction to help New York state meet its clean-energy goals.It’s also part of a larger nationwide push to create more transmission lines…

By Davide Barbuscia and Carolina MandlNEW YORK (Reuters) – While U.S. financial markets debate the timing of interest rate cuts, one tail-risk hedge fund is warning that investors should make the most of recent economic optimism while it lasts, as a shift to lower rates will signal a dramatic market crash.”This is a case of be careful what you wish for,” said Mark Spitznagel, chief investment officer and founder of Universa, a $16 billion hedge fund specializing in risk mitigation against “black swan” events – unpredictable and high-impact drivers of market volatility.Spitznagel’s view is not widely held. The much-anticipated shift…

By Elizabeth HowcroftLONDON (Reuters) – ‘s so-called halving event has had little impact on its price so far, with industry insiders on Monday saying the cryptocurrency’s fortunes were more closely tied to broader financial market sentiment and geopolitics.Bitcoin enthusiasts had eagerly waited for the “halving” – a change to the cryptocurrency’s underlying technology that happened around 0014 GMT on Saturday and is designed to cut the rate at which new bitcoins are created. The change takes place every four years and some crypto fans pointed to price gains in the aftermath of previous halvings as a sign that bitcoin would…

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Tesla has announced aggressive price cuts in China and Germany, shortly after reducing prices in the United States, as the world’s largest maker of electric vehicles (EV) faces declining sales and growing competition in major markets. On Sunday, the EV giant slashed the starting prices of four models sold in mainland China, its largest overseas market, by 14,000 yuan ($1,932). The Model Y, the company’s bestselling car in the country, now starts at its lowest…

Natural Gas price recover on Monday above $2.00.  Iran’S foreign ministry said nuclear weapons have no place in Iran’s nuclear doctrine. The US Dollar Index eases with markets favoring risk assets over safe havens and cash.  Natural Gas (XNG/USD) is recovering ahead of the US trading session this Monday breaking $2.03 after tensions were nearly spill over between Israel and Iran in a direct confrontation. Despite the easing tensions over the weekend, Natural Gas prices are swinging higher on Monday thanks to the change of heart from investors. Both equities and commodities are back in favor with several analyst calls issuing…

Bitcoin’s (BTC) price is taking its time to return to the recent highs. The cryptocurrency is presently at $66,000. However, it is still vulnerable to selling from investors, which could reduce prices. Adding Bitcoin to Wallets Bitcoin’s price is taking hints from both bulls and bears at the moment, as visible in their actions. The exchanges’ balance is a chart that tracks the movement of BTC in and out of exchanges’ wallets. Over the past few months, investors have focused only on accumulation. This is evident from the consistent declines in supply on exchanges. This continued over the weekend when…