Negative Equity Leaves 30% Of Car-Buyers Underwater On Trade‑Ins

Behind Turkey's Gold Sales: The Biggest Ever Plunge In Foreign Reserves Shortly after the Iran war started, with gold unexpectedly tumbling, we showed that the reason behind gold's paradoxical move - after all, the precious metal has traditionally been a store of value in times of geopolitical stress - was the furious liquidation of gold by emerging markets, in this case Turkey, scrambling to obtain reserve dry powder so Ankara could cover soaring costs of energy imports. And indeed, the latest central bank data showed that Turkey’s foreign reserves had their biggest...

Israeli quadcopter drones dropped incendiary bombs on a displacement camp in Gaza City’s eastern Shuja’iyya junction on Sunday night, setting fire to tents and displacing more than 800 Palestinians, local sources have told the Palestinian news agency WAFA. The camp was near the “yellow line,” the dividing line between the IDF-occupied side of Gaza and […]

OpenAI Files Confidentially For IPO, Joining SpaceX and Anthropic In Capitalizing On AI Frenzy The rush by AI companies to go public before the window closes (i.e., "market conditions" emerge) entered its final lap late on Monday, when OpenAI joined its two mega peers in filing for a blockbuster IPO that could value the ChatGPT creator at more than $1tn as it races rival Anthropic to list its shares publicly, following an imminent offering by SpaceX. OpenAI said it had confidentially submitted a draft IPO prospectus to the US Securities and...