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An anti-data center movement is sweeping the United States, with Bessant blaming cloud giants for "not knowing how to win people's hearts and minds."

An anti-data center movement is sweeping the United States, with Bessant blaming cloud giants for "not knowing how to win people's hearts and minds."

U.S. Treasury Secretary Bessant publicly criticized tech giants, accusing them of failing to win public support during the massive expansion of artificial intelligence infrastructure, which exacerbated the nationwide boycott of data center construction. According to Bloomberg, Bessant stated bluntly at an event hosted by the Economic Club of Charlotte,

Alternative options, including Red Sea ports, are also threatened, causing a sharp drop in Saudi crude oil exports.

Alternative options, including Red Sea ports, are also threatened, causing a sharp drop in Saudi crude oil exports.

Saudi Arabia's crude oil exports are facing a severe situation of being blocked on two fronts. As the Houthi rebels continue to escalate their blockade of the Red Sea shipping lanes, coupled with another attack in the Strait of Hormuz this week, Saudi Arabia's crude oil

At a sensitive time of "bond market turmoil," the market is focused on today's 30-year Japanese bond auction.

At a sensitive time of "bond market turmoil," the market is focused on today's 30-year Japanese bond auction.

Amid soaring long-term interest rates globally, Japan's 30-year government bond auction on Thursday is being closely watched by the market. A weak result could send shockwaves beyond Japan and potentially spread globally. The yield on Japan's 30-year government bonds has risen to 4.155%, nearing its

Microsoft undergoes major earnings restructuring: Azure revenue will be reported quarterly, and the Office business will be merged and renamed "Agents and Infra".

Microsoft undergoes major earnings restructuring: Azure revenue will be reported quarterly, and the Office business will be merged and renamed "Agents and Infra".

Microsoft has yielded to years of criticism from Wall Street by announcing it will begin disclosing specific revenue for its Azure cloud computing business on a quarterly basis, along with the company’s largest financial reporting structure reorganization since 2015. Jonathan Neilson, Microsoft's head of investor relations, said

Bank of Canada holds rates steady for the seventh consecutive day: Tariff war fuels inflation risks; 63% of analysts bet on a rate hike in the first half of 2027.

Bank of Canada holds rates steady for the seventh consecutive day: Tariff war fuels inflation risks; 63% of analysts bet on a rate hike in the first half of 2027.

On September 2, the Bank of Canada kept its overnight interest rate unchanged at 2.25% for the seventh consecutive meeting . However, the escalating trade war between the US and Canada is increasing the risk of inflation, and the market has begun to bet that its next move will be

Report: OPEC+ may maintain its production quotas for next month, temporarily halting further release of spare capacity.

Report: OPEC+ may maintain its production quotas for next month, temporarily halting further release of spare capacity.

According to Bloomberg, citing sources familiar with the matter, core OPEC+ members are likely to stick to their original plan and maintain their crude oil production quotas for next month at their meeting this weekend. An OPEC+ group led by Saudi Arabia and Russia nominally completed the restoration of previously

Oil from the US-Venezuela agreement may enter US reserves in November; Chevron plans to invest $7 billion in Venezuela to expand production; its stock price hits a new high.

Oil from the US-Venezuela agreement may enter US reserves in November; Chevron plans to invest $7 billion in Venezuela to expand production; its stock price hits a new high.

Oil cooperation between the United States and Venezuela is accelerating. Energy giants such as Chevron and ENI signed several production expansion agreements in Caracas on Wednesday, pledging massive investments to boost oil production in the OPEC member country. On the same day, the White House stated that crude oil under