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Norway’s $2.3T Wealth Fund Cuts US Treasury Holdings by $75B
Norway’s $2.3 trillion sovereign wealth fund proposes cutting US Treasury holdings by $75 billion to diversify into riskier assets and boost returns amid rising US debt concerns.
Interior Dept Threatens to Cut Smithsonian Support Over Ideology Claims
Trump administration threatens to cut federal agencies’ support for the Smithsonian, citing ideological activism and alleged violations of anti-discrimination law in an August 28 letter.
Trump $1 Coins Sell Out Within Hours as US Mint Launches Gold-Colored Commemorative
U.S. Mint launches $1 Trump coins on September 2 for $1.55 to $2.44 each. Coins sold out within hours. First living president on U.S. currency since Calvin Coolidge in 1926.
RBNZ Raises OCR to 2.75% on September 2; ANZ Lifts Mortgage Rates
RBNZ raises OCR to 2.75% to fight inflation at 4.1%. ANZ lifts floating home loan rates to 6.29% effective September 23. What it means for NZ borrowers and savers.
Supreme Court Allows Trump’s $400M White House Ballroom to Proceed
Supreme Court allows Trump’s $400 million White House ballroom construction to proceed despite lower courts finding no congressional approval. Ruling splits 5-4 with Chief Justice Roberts dissenting.
Trump $1 Coins Sell Out Within Hours of US Mint Launch on September 02
US Mint’s Trump $1 coins sold out hours after launch on September 02. A 25-coin roll costs $61, a 100-coin bag $154.50. First sitting president on US currency in over a century.
Frasers Property to Redevelop Yishun 10 into 110-Unit Complex by Mid-2031
Frasers Property to redevelop Yishun 10 cinema into 110 residential units and retail podium by mid-2031. Multiplex closes March 2, 2027. First Yishun Central residential launch in over a decade.
Amazon Drops 2.5% as FTC Sues Over $20B Ad Surcharge Scheme
FTC and 22 states sue Amazon for allegedly manipulating ad auctions with hidden surcharges costing advertisers $20 billion. Stock falls 2.5% as legal pressure mounts.
Kokkinakis Withdraws From US Open With Ankle Sprain, Hints at Retirement
Thanasi Kokkinakis withdraws from US Open with ankle sprain. The 30-year-old Australian admits he may have played his last grand slam after 10 years of injuries.