
Japan's Stocks Set to Drop After US Data Spark Growth Worries
Nikkei 225 Stock Average futures were at 39,850.00 on the Chicago Mercantile Exchange as of 7:11 a.m. Tokyo time, compared to 40,860 at Friday's close for contracts traded in Osaka. The yen was up 0.2% against the dollar, after surging more than 2% on Friday.
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Trump signs executive order to stop banks from cutting off crypto
Trump signs executive order to stop banks from cutting off crypto originally appeared on TheStreet. On Aug. 7, President Donald Trump signed an executive order aimed at what the administration characterizes as the ideological "debanking" of crypto individuals and organizations from U.S. banks. The order explicitly instructs federal banking regulators to eliminate 'reputational risk' as a basis for scrutinizing or severing relationships with customers. The White House argued that this vague term — often used by the Federal Reserve and FDIC — has been weaponized to cut off crypto firms from the U.S. financial system. 'The digital assets industry has also been the target of unfair debanking initiatives,' the White House said in a fact sheet. 'These practices erode public trust in banking institutions and regulators, harm livelihoods, freeze payrolls, and impose significant financial burdens on law-abiding Americans.'Trump's move directly targets what the crypto industry has long described as 'Operation Choke Point 2.0' — a term popularized by Castle Island Ventures co-founder Nic Carter in 2023 to describe an alleged backdoor campaign by regulators to isolate crypto businesses from the banking sector. The original Operation Choke Point was a 2013 DOJ initiative that pressured banks to de-risk from entire industries like payday lenders and firearm can't blacklist crypto The executive order mandates that federal agencies such as the Federal Reserve, OCC, and FDIC remove 'reputational risk' considerations from their internal guidelines and training materials. The Fed previously defined reputational risk as the 'potential that negative publicity regarding an institution's business practices… will cause a decline in the customer base.' Crypto advocates say that definition allowed regulators to subtly discourage banks from servicing crypto firms without having to admit bias. The order further directs regulators to audit prior debanking incidents and provide a report detailing whether any financial institution denied services unlawfully based on ideology. Those found guilty could face sanctions, including fines and restitution. Gemini-JPMorgan dispute intensified pressure The executive order comes weeks after a public clash between crypto exchange Gemini and JPMorgan, where the bank refused to onboard the exchange. Gemini co-founder Tyler Winklevoss accused JPMorgan of carrying out a 'modern-day Operation Choke Point,' aimed at suffocating fintech innovation. Ten exchanges reportedly sent a joint letter to President Trump shortly after the incident, urging the administration to act. The August 7 order appears to be a response. Financial institutions regulated by the Small Business Administration are also now required to review accounts previously closed on ideological grounds — and reinstate them where appropriate. Trump signs executive order to stop banks from cutting off crypto first appeared on TheStreet on Aug 7, 2025 This story was originally reported by TheStreet on Aug 7, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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In a twisty tale of corporate espionage, TSMC employees allegedly shared 400 photos of the company's cutting-edge 2 nm process node with a Japanese rival
When you buy through links on our articles, Future and its syndication partners may earn a commission. Here's a twisty tale of alleged corporate espionage for you. A number of TSMC employees have been accused of attempting to feed trade secrets to Japan-based competitor Rapidus, having allegedly shared 400 technical photos with the smaller startup foundry. According to this communication exposed details relating to TSMC's upcoming 2 nm-class fabrication process (via Tom's Hardware). As you may already be aware TSMC—or Taiwan Semiconductor Manufacturing Company Limited—makes a huge proportion of the world's most advanced chips, easily outpacing rivals, such as Intel and Samsung. At time of writing, at least one current TSMC employee is suspected of working with a former colleague, now based at Tokyo Electron, in order to pass along information without either company's prior knowledge. Tokyo Electron—or TEL—is an Asakusa-based business that supplies semiconductor production equipment, with TSMC's chips likely fabricated using this company's hardware. Similarly, Chiyoda-based semiconductor manufacturer Rapidus likely also uses equipment from TEL. I told you it was twisty. Both TSMC and TEL have decades long histories, while Rapidus was founded in 2022. Shortly after its founding, the startup entered into a partnership with IBM in order to "further develop IBM's breakthrough 2 nanometer (nm) node technology for implementation by Rapidus at its fab in Japan." The aim of the game is to outpace major player TSMC when it comes to the production of 2 nm node tech. However, even with this web of business ties, the exact relationship between the accused TSMC leakers and Rapidus is not yet wholly clear. Nikkei has since reported that Tokyo Electron has now fired one employee suspected of being involved. Reports earlier this week also suggested TSMC had fired a number of employees, and the Taiwanese authorities have also gotten involved. To briefly recap, the Taiwanese authorities detained three people last month on the grounds of breaching Taiwan's national security law according to Reuters. Another two have been released on bail, while one more has also been released, though the total number of perpetrators has yet to be confirmed. If anyone is charged, they could be looking at a maximum of 12 years in prison and a fine in the millions. Exactly what was leaked via the 400 photos remains unclear. Tom's Hardware theorises that even if the images in question depict process integration activity—which could include various proprietary fabrication steps—modern silicon manufacturing is so complex that they may well not even serve as particularly informative blueprints to imitate. It's also important to remember that the full extent of Rapidus' involvement in the leak is not yet clear. TSMC claims to have first detected suspicious activity during routine monitoring some time ago, subsequently launching an internal investigation. Due to legal proceedings, TSMC was unable to provide further details about how it uncovered the leak. However, a report from suggests that the implicated employees logged into the company intranet from home via work-issued laptops, before taking pictures of trade secrets on their phones. They also report that these employees reviewed sensitive documentation relating to the 2 nm-class fabrication process too frequently and too briefly for it not to be flagged by TSMC's monitoring protocols. Neither TSMC nor the Taiwanese authorities has confirmed this publicly though. TSMC's next-gen 2 nm silicon was otherwise on track for later this year, though you likely won't see anything for your PC until 2027 at the earliest. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Kinross Gold (KGC) Generates Record Free Cash Flow in Strong Q2 Performance
Kinross Gold Corporation (NYSE:KGC) is one of the best Canadian gold stocks to buy according to hedge funds. On July 30, the company released its Q2 2025 financial and operational results, terming the quarter 'strong.' The company reported record free cash flow of approximately $647 million for the quarter up from $346 million in the prior-year quarter. Revenue grew by 42% year-over-year to $1.73 billion in the quarter and net earnings more than doubled to $530.7 million ($0.43 per share). Adjusted net earnings came in at $541 million ($0.44 per share). Regarding production and operations, Kinross produced 513,000 gold equivalent ounces during the quarter. The average realized gold price was $3,284 per ounce, a 40% increase from Q2 2024. Meanwhile, the production cost of sales was $1,080 per gold equivalent ounce sold, and all-in sustaining cost (AISC) reached $1,493 per ounce. Invest in Gold American Hartford Gold: #1 Precious Metals Dealer in the Nation Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Thor Metals Group: Best Overall Gold IRA The company reaffirmed its 2025 guidance: 2 million ounces production, AISC of $1,500/oz, and cost of sales $1,120/oz. Management expects production to remain level through the year, with Q3 and Q4 output forecast at approximately 500,000 ounces each. Kinross Gold Corporation (NYSE:KGC) is a senior Canadian gold producer with a global footprint. It explores, develops, and operates gold mines across the United States, Brazil, Chile, Mauritania, and Canada. Flagship assets include the Paracatu mine in Brazil and the Tasiast mine in Mauritania, both known for large-scale, low-cost production. Kinross generates its primary revenue from gold bullion, refined from open-pit and heap leach operations supported by advanced processing facilities. While we acknowledge the potential of KGC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Top 10 Medical AI Companies to Buy According to Analysts. Disclosure: None. This article is originally published at Insider Monkey.