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Fast-fashion retailer Shein is set to debut on the Hong Kong stock exchange in September, aiming for a valuation of up to $27 billion. The IPO, which could raise around $1.8 billion, follows failed attempts to list in New York and London amid regulatory scrutiny.
The US military struck an alleged drug trafficking vessel in the eastern Pacific, killing two people, in the first known strike in over two months. The strike has renewed debate over the legality and effectiveness of the campaign, with critics calling it extrajudicial killing.
Aug. 24 marks the eruption of Mount Vesuvius in 79 A.D., along with the Pluto demotion in 2006 and other historic events. Two sources offer differing figures for Hurricane Andrew's death toll and damage.
Asian shares mostly declined at the start of a week dominated by bond-market pressure, Iran sanctions, and the Jackson Hole symposium. US futures were lower, while oil slipped. Reports varied on index levels, but the 10-year Treasury yield eased from recent highs after the Treasury's surprise buyback increase.
Iranian state television aired a video targeting Barron Trump, the 20-year-old son of President Donald Trump, claiming a $10 million bounty and asserting he is "fully monitored." The U.S. Secret Service confirmed it is aware of the video and investigates potential threats, while outlets note the claims could not be independently verified. The broadcast follows similar threats against Melania Trump and comes amid heightened U.S.-Iran tensions.
The U.S. Secret Service has confirmed it is aware of a video aired by Iranian state media that appears to threaten President Donald Trump's youngest son, Barron Trump. The video, which reportedly offers a $10 million reward, has prompted an official statement from the agency and renewed attention to ongoing threats from Iran against the Trump family.
US Southern Command said Sunday's strike on a vessel in the Eastern Pacific killed two people, citing confirmed intelligence of narco-trafficking. The operation is part of the broader 'Southern Spear' campaign, which has killed over 200 people, according to an AFP tally. Legal experts and rights groups warn the strikes could amount to extrajudicial killings, and the administration has not provided definitive evidence of trafficking.
Chicago Sky guard Natasha Cloud clashed with former NBA player Enes Kanter Freedom during a WNBA game, leading to his removal by security. Cloud later voiced support for the transgender community, drawing both praise and criticism as the incident highlights ongoing debates over transgender athletes in women's sports.
Indian government bonds opened on a cautious note in a holiday-truncated week, with the benchmark yield expected to trade between 6.83% and 6.88% after a Friday close of 6.8495%. Elevated Brent crude prices and the threat of US sanctions on Iran weighed on sentiment, while RBI's weekend inflow announcement and policy signals provided some support.
Iceland holds a referendum on August 29 asking voters whether to resume EU accession negotiations, a process halted since 2013. The vote, pushed by the 2024 coalition government, comes amid economic concerns over fisheries and geopolitical shifts following Trump's remarks about Greenland.
Sarah Matthews, a former deputy White House press secretary, alleged on a podcast that Melania Trump was paid to appear at campaign events. Matthews also discussed the first lady's recent public appearances, including at a White House event and the Freedom 250 race, amid scrutiny over her absence and aide Natalie Harp's role.
Former officials reveal a secret nuclear bunker already exists deep beneath the White House, built during the Obama administration. The disclosure challenges President Trump’s national security justification for a large-scale ballroom project that is currently under review by the Supreme Court.
Candace Owens has fired back at Turning Point USA COO Tyler Bowyer after he compared public treatment of Erika Kirk to support for Lindsay Clancy, who is on trial for murdering her three children. Owens challenged the comparison, citing TPUSA’s fundraising and t-shirt sales, and reiterated her ongoing criticism of the organization and Erika Kirk.
UK Prime Minister Andy Burnham joined other European leaders in Kyiv for Ukraine's 35th Independence Day, announcing plans to support local production of long-range missiles. The visit also marked Burnham's first foreign trip since taking office, with pledges to deepen ties with the EU and continue military support.
Treasury Secretary Scott Bessent's plan to double buybacks of long-dated U.S. debt briefly lowered yields, but they quickly rebounded amid concerns over fiscal deficits and structural market shifts. Critics, including former mentor Stanley Druckenmiller, argue the move risks signaling the Treasury is flinching in the face of market pressure.
UEFA president Aleksander Ceferin has ruled out running against Gianni Infantino but warned the FIFA president must quit or face a challenger at the March election. The warning follows the aborted deal to sell stakes in the World Cup, which has set off a stream of resignations from key federations and the into question. A NO player-dimension and immigrants follow.
The California Supreme Court heard arguments Monday over whether Riverside County Sheriff Chad Bianco must return roughly 650,000 seized ballots from a November 2025 special election. The case pits the sheriff's investigation against Attorney General Rob Bonta and voting rights advocates who call the seizure unlawful and damaging to public trust.
Fast-fashion retailer Shein launches its Hong Kong IPO, aiming to raise up to HK$13.86 billion and achieve a valuation of up to $US27 billion, a sharp decline from earlier private rounds. The company faces slowing growth and a recent quarterly loss amid rising trade costs and regulatory scrutiny.
The Department of Homeland Security's acquisition of 10 aircraft for ICE deportation flights, costing over $460 million, has drawn sharp criticism as most of the fleet remains grounded. Senators are demanding answers about the no-bid contract, while former and current DHS leadership trade blame over the costly and little-used planes.
Bitcoin's rally faces a pivotal week as U.S. economic data—PCE inflation, GDP, and jobs claims—and the Jackson Hole symposium take center stage. Analysts weigh the impact on Fed policy and crypto markets.