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A proposal to issue a $250 US banknote featuring Donald Trump, tied to the 250th anniversary of US independence and linked to H.R. 1761, faces a clear legal barrier: 31 U.S.C. § 5114(b) permits only the portrait of a deceased individual to appear on US currency.
Anthropic has reportedly reached a $965 billion post-money valuation after a $65 billion funding round — up from ~$380 billion in February 2026 — putting it near the $1 trillion mark and ahead of OpenAI in private market value, as investors increasingly treat frontier AI companies as infrastructure platforms.
Brent slipped 0.2% to ~$94.07 and WTI held near $88.68, the US Dollar Index eased 0.29% to 99.02, and gold rebounded ~1.02% to ~$4,501 after reports of a possible 60-day US-Iran ceasefire extension — a cross-asset move that prices cautious relief rather than full normalization.
US headline PCE inflation rose to 3.8% year-on-year in April 2026 (core +3.3%), real consumer spending grew just 0.1%, the personal saving rate fell to 2.6%, and Q1 real GDP was revised down to a 1.6% annualized pace, according to the US Bureau of Economic Analysis.
Hong Kong narrowly overtook Switzerland as the world’s largest cross-border wealth booking center in 2025, reaching about $2.95 trillion versus Switzerland’s $2.94 trillion, while Singapore ranked third at $2.1 trillion, according to Boston Consulting Group.
UK households are set to face another rise in energy bills from July, as global gas market volatility feeds directly into domestic energy costs. Ofgem has confirmed that the energy price cap for the period from 1 July to 30 September 2026 will rise by 13%, taking the typical annual dual fuel bill for a…
Russian crude exports are moving close to their highest levels of 2026 as disruption around the Strait of Hormuz reshapes global oil trade. The shift is increasing demand for alternative barrels, with India emerging as the clearest near term driver of Russian crude flows. The latest tanker tracking data shows average Russian crude shipments over…
US tariff refunds are entering a major operational phase, with around USD 20.6 billion moving toward disbursal to importers that successfully filed claims through the US Customs and Border Protection’s new electronic refund process. The figure marks an important step in the repayment of duties collected under the International Emergency Economic Powers Act, but it…
Gold remained under pressure near the $4,500 per ounce zone after several sessions of weakness, as markets reassessed the chances of a US Iran agreement while higher rate expectations continued to weigh on the non yielding metal. The move reflects a more complex market environment than a simple decline in geopolitical risk. Middle East uncertainty,…
Aluminium prices have surged close to their highest level in four years as markets react to potential production cuts in China, the world’s largest producer. Trading at $3,678 per tonne on May 26—up 0.75% on the day—the metal has extended gains of 2.7% over the past month and 48% year on year, reflecting a supply-driven…