Secretary of Treasury Scott Bessent testifies during a during a Senate Appropriations Subcommittee on Financial Services and General Government hearing on the Treasury Department's 2027 budget request in Washington, DC on April 22, 2026. Nathan Posner | Anadolu | Getty Images Treasury Secretary Scott Bessent on Friday defended the possibility of the U.S. participating in currency swaps with allies...
Secretary of Treasury Scott Bessent testifies during a during a Senate Appropriations Subcommittee on Financial Services and General Government hearing on the Treasury Department's 2027 budget request in Washington, DC on April 22, 2026. Nathan Posner | Anadolu | Getty Images Treasury Secretary Scott Bessent on Friday defended the possibility of the U.S. participating in currency swaps with allies in the Persian Gulf and Asia who are seeking financial backstops due to the Iran war . Discussions with those countries about U.S. dollar swap lines "are part of ongoing, routine conversations that @USTreasury has been having with our partners over a number of years," Bessent said in an X post. "They are a testament to the U.S. dollar's primacy and the strength of America's economic shield," he said of the potential swaps. The assertion of swap lines' benefits and commonness comes as the Trump administration considers offering the financial lifeline to the United Arab Emirates , CNBC reported Tuesday. It also comes two days after Bessent said that "many" allies in the Persian Gulf are seeking the same backstop as the ongoing war wreaks havoc on the oil-rich nations' economies. watch now VIDEO 2:05 02:05 Bessent: Many of our Gulf and Asian allies have requested currency swap lines in addition to UAE Money Movers Swap lines involve two countries' central banks agreeing to exchange equivalent amounts of each other's currency, while agreeing to swap back those quantities at a specified future date. The U.S. maintains "standing U.S. dollar liquidity swap line arrangements" with the central banks of Canada, England, Japan and Switzerland, as well as the European Central Bank, to "enhance the provision of U.S. dollar liquidity," according to the Federal Reserve . The tool dates back to the 1960s and has been used to stabilize the Mexican economy in the 1980s, following the Sept. 11 terrorist attacks, during the 2008 financial crisis and at the beginning of the Covid-19 pandemic, ...
格隆汇4月25日｜美国太空军根据特朗普总统的“金穹顶”（Golden Dome）计划，向包括洛克希德·马丁公司（Lockheed Martin Corp.）和太空探索技术公司（SpaceX）在内的12家公司授予了价值高达32亿美元的合同，用于开发天基拦截器原型。在一份新闻稿中表示，这些公司需在2028年前展示天基拦截器能力。这些拦截器旨在在地球大气层外摧毁敌方导弹，是“金穹顶”计划的关键组成部分，...
格隆汇4月25日｜美国太空军根据特朗普总统的“金穹顶”（Golden Dome）计划，向包括洛克希德·马丁公司（Lockheed Martin Corp.）和太空探索技术公司（SpaceX）在内的12家公司授予了价值高达32亿美元的合同，用于开发天基拦截器原型。在一份新闻稿中表示，这些公司需在2028年前展示天基拦截器能力。这些拦截器旨在在地球大气层外摧毁敌方导弹，是“金穹顶”计划的关键组成部分，但尚未得到验证。在该计划下获得合约的其他公司还有安杜里尔工业公司（Anduril Industries Inc.）、博思艾伦咨询公司（Booz Allen Hamilton Inc.）和通用动力公司（General Dynamics Corp.）。
核心要点 据 MS NOW 报道，伊朗外交部长 阿巴斯・阿拉克奇 预计将于周五晚前往巴基斯坦，与美方就陷入停滞的和平谈判商讨下一步安排。 首轮和平谈判在伊斯兰堡举行，美方由副总统 J.D． 万斯 带队，最终未达成任何协议。特朗普政府此前预测战争将持续 4 至 6 周，目前已超过该期限，并延长了时间预期。 据参与此事的巴基斯坦官员向 MS NOW 透露，伊朗外交部长阿巴斯・阿拉克奇预计将于周五晚前往...
(RTTNews) - European stocks moved mostly lower over the course of the trading session on Friday amid signs that the U.S. and Iran have made little progress toward de-escalating the Middle East conflict.
(RTTNews) - European stocks moved mostly lower over the course of the trading session on Friday amid signs that the U.S. and Iran have made little progress toward de-escalating the Middle East conflict.
X-Energy Inc. shares opened 31% above their IPO price, after the nuclear energy firm raised $1.02 billion in an upsized US initial public offering. Shares of the Rockville, Maryland-based company backed by Amazon.com Inc. opened at $30.11 each on Friday, versus an IPO price of $23. The listing priced above the marketed $16 to $19 range. The trading gives X-Energy a market value of nearly $12 billi...
X-Energy Inc. shares opened 31% above their IPO price, after the nuclear energy firm raised $1.02 billion in an upsized US initial public offering. Shares of the Rockville, Maryland-based company backed by Amazon.com Inc. opened at $30.11 each on Friday, versus an IPO price of $23. The listing priced above the marketed $16 to $19 range. The trading gives X-Energy a market value of nearly $12 billion based on the outstanding shares listed in its filings. The IPO ended more than 15 times oversubscribed, people familiar with the matter have said . “This is a validation of our nuclear technology,” X-Energy Chief Executive Officer Clay Sell said in an interview. “It’s a validation of the role that the market, and investors, believe nuclear energy must play.” X-Energy designs small modular nuclear reactors and makes advanced nuclear fuel. Its reactors use so-called Triso pebbles, or tristructural isotropic, poppyseed-sized uranium kernels that burn hotter and longer than conventional fuel. “We want to make nuclear boring,” Sell said. “We can build this over and over and over again. That’s the way you get costs down.” The offering comes as firms have been racing to bring the first US small modular reactor to market. X-Energy aims to make its first delivery by the early 2030s. The firm plans to use its reactors to power industrial facilities and artificial intelligence data centers and has agreements in place with Dow Inc. , Amazon and Centrica Plc . Ark Investment Management was interested in buying as much as $105 million worth of shares in the offering at the IPO price, according to the filings. For the latest news on equity capital markets activity in the US, Canada and Latin America, follow the channel or visit NI BFWECMUS . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the region, click here . Founder and chairman Kamal Ghaffarian controls 61% of the class B shares of the company, while affiliates of Ares Management Corp. have 26%, the fili...
(Bloomberg) -- X-Energy Inc. shares opened 31% above their IPO price, after the nuclear energy firm raised $1.02 billion in an upsized US initial public offering.Most Read from BloombergUS Reduces Marijuana Restrictions in Lift to Ailing IndustryMeta Tells Staff It Will Cut 10% of Jobs in Push for EfficiencyAnthropic’s Mythos Model Is Being Accessed by Unauthorized UsersInside Alex Cooper’s Unwell...
(Bloomberg) -- X-Energy Inc. shares opened 31% above their IPO price, after the nuclear energy firm raised $1.02 billion in an upsized US initial public offering.Most Read from BloombergUS Reduces Marijuana Restrictions in Lift to Ailing IndustryMeta Tells Staff It Will Cut 10% of Jobs in Push for EfficiencyAnthropic’s Mythos Model Is Being Accessed by Unauthorized UsersInside Alex Cooper’s Unwell: Tears, Screaming and Employees Looking for the ExitTrump’s Messaging Blitz Divides Advisers as Ira
We just covered the 15 Safe Stocks to Invest In For Beginners and Oracle Corporation (NYSE:ORCL) ranks 13th on this list. As a dominant provider of database software and ERP systems, Oracle Corporation (NYSE:ORCL) has a solid client base that tends to maintain, rather than cut, IT budgets, even in downturns. In addition to this, […]
We just covered the 15 Safe Stocks to Invest In For Beginners and Oracle Corporation (NYSE:ORCL) ranks 13th on this list. As a dominant provider of database software and ERP systems, Oracle Corporation (NYSE:ORCL) has a solid client base that tends to maintain, rather than cut, IT budgets, even in downturns. In addition to this, […]
The US Space Force awarded 12 companies including Lockheed Martin Corp . and SpaceX contracts worth up to $3.2 billion to develop prototypes for space-based interceptors under President Donald Trump’s Golden Dome plan. The companies will be tasked with demonstrating a capability for space-based interceptors by 2028, Space Force said in a press release. The interceptors, which are designed to destr...
The US Space Force awarded 12 companies including Lockheed Martin Corp . and SpaceX contracts worth up to $3.2 billion to develop prototypes for space-based interceptors under President Donald Trump’s Golden Dome plan. The companies will be tasked with demonstrating a capability for space-based interceptors by 2028, Space Force said in a press release. The interceptors, which are designed to destroy enemy missiles outside the Earth’s atmosphere, are a key but unproven component of Golden Dome. Other companies getting awards under the program are Anduril Industries Inc. , Booz Allen Hamilton Inc. and General Dynamics Corp.
We just covered the 10 Best Long-Term Stocks to Buy According to Bill Ackman and Alphabet Inc. (NASDAQ:GOOGL) ranks 4th on this list. Alphabet Inc. (NASDAQ:GOOGL) has been a mainstay in the 13F portfolio of Pershing Square since the first quarter of 2023. Back then, this position comprised just over 8 million shares. In the […]
We just covered the 10 Best Long-Term Stocks to Buy According to Bill Ackman and Alphabet Inc. (NASDAQ:GOOGL) ranks 4th on this list. Alphabet Inc. (NASDAQ:GOOGL) has been a mainstay in the 13F portfolio of Pershing Square since the first quarter of 2023. Back then, this position comprised just over 8 million shares. In the […]
Treasury Secretary Scott Bessent talked up the idea of extending currency swap lines to more countries as a way to strengthen “dollar dominance” in a social media post Friday as speculation continues over why rich countries such as the United Arab Emirates would be interested in the arrangement. “Additional swap lines can benefit our nation by reinforcing dollar usage and liquidity internationally...
Treasury Secretary Scott Bessent talked up the idea of extending currency swap lines to more countries as a way to strengthen “dollar dominance” in a social media post Friday as speculation continues over why rich countries such as the United Arab Emirates would be interested in the arrangement. “Additional swap lines can benefit our nation by reinforcing dollar usage and liquidity internationally,” Bessent said in a post on X. “Dollar dominance and reserve currency status are strengthened by constant long-term initiatives, including countering the growth of problematic, alternative payment systems.” Bessent described discussions with the UAE and other Gulf and Asian nations on dollar swap lines as being “part of ongoing, routine conversations” the US Treasury has engaged in over a period of a number of years. After President Donald Trump confirmed that a swap line with the UAE was under consideration earlier this week, the UAE’s ambassador to Washington stated that his nation isn’t in need of external financing. On a similar note, Bessent said Friday that “many of these countries have pristine sovereign balance sheets and large dollar holdings.” The Treasury secretary on Wednesday told a congressional panel that “numerous” nations had asked the US about establishing swap lines. Read More: Bessent Says Gulf, Asian Allies Requested Currency Swap Lines ‘Funding Centers’ Traditionally set up between central banks to provide additional liquidity in times of economic stress swap lines can also be established using the Treasury Department’s Exchange Stabilization Fund. Bessent used the ESF to set up a $20 billion swap line with the central bank of Argentina in October. Bessent said Friday that “I applaud our allies’ foresight and watchful risk management by exploring additional financial buffers during periods of market quiescence.” “Extending permanent swap lines can be a major first step in creating new US dollar funding centers in the Gulf and Asia,” he said, echoing r...
Developments in Berlin and Tokyo show how far the strategic environment has shifted in response to authoritarian threat and American unpredictability When Donald Trump hosted Sanae Takaichi, the Japanese prime minister, last month, he could not resist a gratuitous reference to Pearl Harbor . The US president is impelled to trash longstanding alliances. He has done more than anyone to demolish the ...
Developments in Berlin and Tokyo show how far the strategic environment has shifted in response to authoritarian threat and American unpredictability When Donald Trump hosted Sanae Takaichi, the Japanese prime minister, last month, he could not resist a gratuitous reference to Pearl Harbor . The US president is impelled to trash longstanding alliances. He has done more than anyone to demolish the postwar global order. This week alone, the Polish president, Donald Tusk, questioned whether the US would be “loyal” to Nato if Russia attacked. A Pentagon memo reportedly floated suspending Spain from Nato and reviewing support for the British claim to sovereignty over the Falkland Islands. And a report said US officials believe that it has depleted munitions so rapidly in Iran as to put in question contingency plans to defend Taiwan against a Chinese invasion in the near future. Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here . Continue reading...
Abbas Araghchi to visit Pakistan, Oman and Russia to see if talks can be reopened, with both sides still in stalemate Middle East crisis – live updates The Iranian foreign minister, Abbas Araghchi, is planning a tour of Pakistan, Russia and Oman in an effort to see if there is a basis to reopen peace talks that can end with a permanent US-Israeli commitment to cease its attacks on Iran, now one of...
Abbas Araghchi to visit Pakistan, Oman and Russia to see if talks can be reopened, with both sides still in stalemate Middle East crisis – live updates The Iranian foreign minister, Abbas Araghchi, is planning a tour of Pakistan, Russia and Oman in an effort to see if there is a basis to reopen peace talks that can end with a permanent US-Israeli commitment to cease its attacks on Iran, now one of Tehran’s key demands. Araghchi is also likely to discuss a potential permanent new arrangement on governing the strait of Hormuz with Oman, which oversees the south of the strait. Continue reading...
According to an SEC filing dated April 24, 2026, Capricorn Fund Managers reduced its stake in Waystar (NASDAQ:WAY) by 692,554 shares during the first quarter of 2026. The estimated transaction value was $18.38 million, calculated using the average unadjusted closing price for the quarter. The position’s quarter-end value fell by $23.08 million, a figure driven by both the sale and market price cha...
According to an SEC filing dated April 24, 2026, Capricorn Fund Managers reduced its stake in Waystar (NASDAQ:WAY) by 692,554 shares during the first quarter of 2026. The estimated transaction value was $18.38 million, calculated using the average unadjusted closing price for the quarter. The position’s quarter-end value fell by $23.08 million, a figure driven by both the sale and market price changes. Following the sale, Waystar represents 0.17% of Capricorn’s $641.43 million in U.S. equity holdings. As of April 23, 2026, Waystar shares were trading at $24.85, down 32.5% over the past year and underperforming the S&P 500 by 65 percentage points. Continue reading
Justin Sullivan/Getty Images News The U.S. Department of Justice has intervened in a lawsuit filed by Elon Musk's xAI ( X.AI ) challenging the legality of the Colorado Artificial Intelligence Act, which is slated to go into effect on June 30. The statute, Colorado SB24-205, which is formally known as the Consumer Protections for Artificial Intelligence, violates the Civil Rights Act of 1964, accor...
Justin Sullivan/Getty Images News The U.S. Department of Justice has intervened in a lawsuit filed by Elon Musk's xAI ( X.AI ) challenging the legality of the Colorado Artificial Intelligence Act, which is slated to go into effect on June 30. The statute, Colorado SB24-205, which is formally known as the Consumer Protections for Artificial Intelligence, violates the Civil Rights Act of 1964, according to xAI, and the DOJ agrees. "Laws that require AI companies to infect their products with woke DEI ideology are illegal," said Assistant Attorney General Harmeet K. Dhillon of the Justice Department's Civil Rights Division. "The Justice Department will not stand on the sidelines while states such as Colorado coerce our nation's technological innovators into producing harmful products that advance a radical, far left worldview at odds with the Constitution." "Laws like Colorado's that force AI models to produce false results or promote ideological bias threaten national and economic security and must be stopped," added Assistant Attorney General Brett A. Shumate of the Justice Department's Civil Division. The Colorado AI Act was signed by Colo. Gov. Jared Polis back in May 2024, but its implementation was delayed until this summer. It attempts to prevent consumers from "algorithmic discrimination" by businesses or organizations using AI models. It covers AI systems used by these entities to make decisions regarding areas such as employment, housing, healthcare, insurance, and education. The Colorado attorney general can charge companies up to $20,000 per violation. "The act requires a developer of a high-risk artificial intelligence system to use reasonable care to protect consumers from any known or reasonably foreseeable risks of algorithmic discrimination in the high-risk system," according to the bill. Algorithmic discrimination is defined as "any condition in which the use of an artificial intelligence system results in an unlawful differential treatment or impact ...
Architect-designed loos such as the ones in Tokyo are fantastic. But even ordinary facilities enhance cities and towns Five years on from the delayed Tokyo Olympics, one of its less obvious legacies is probably the highest-spec public toilets in the world . Seventeen architects turned conveniences across the city into what one, Kengo Kuma, called “must-see attractions” – including a design with cl...
Architect-designed loos such as the ones in Tokyo are fantastic. But even ordinary facilities enhance cities and towns Five years on from the delayed Tokyo Olympics, one of its less obvious legacies is probably the highest-spec public toilets in the world . Seventeen architects turned conveniences across the city into what one, Kengo Kuma, called “must-see attractions” – including a design with clear-glass cubicles that become opaque when occupied. The German film director Wim Wenders took note. In 2023 they featured in his film, Perfect Days , about a cleaner. A public realm in which humans and their needs are treated with so much dignity deserves to be celebrated. But new loos do not have to be architectural icons. The main thing is that there should be enough of them, and that they are maintained. Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here . Continue reading...