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Sunday, 16 August 2026

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Finance

Why is Viridien stock surging today?

Viridian Therapeutics stock has fallen 37.8% year to date, yet the valuation checks still point to the shares looking expensive rather than like a clear bargain.

Crypto Kiosk Scams Cost Texans $57M as Lawmakers Weigh a Ban

Texans lost $56.8 million to cryptocurrency kiosks last year, more than any other state, according to FBI figures put before a legislative committee on Thursday. The state accounted for 1,179 of the 13,460 complaints th…

British Pound: Limited support from BoE policy – Commerzbank

Commerzbank’s Michael Pfister notes that the Bank of England kept rates unchanged and avoided signalling future hikes, despite a closer-than-expected 6–3 vote and Governor Bailey’s insistence that the BoE is not edging …

Federal Reserve: Prolonged pause with hike risks – UOB

UOB strategists observe that the Federal Open Market Committee (FOMC) kept the Fed Funds Target Rate at 3.50%–3.75% for a fifth meeting, with a 9–3 split as three presidents sought a 25 bps hike. Their base case is an e…

Gold: Central bank buying offsets ETF outflows – ING

ING’s commodities team reports that Gold demand was steady in 2Q 2026, with total demand flat year-on-year at 1,269 tonnes as strong central bank purchases balanced weaker ETF demand. They note net ETF outflows amid hig…

New York AG Seeks $36B From Kalshi Over 'Illegal Gambling'

New York State is seeking at least $36 billion from Kalshi, asking a state court to shut its prediction market down and strip it of three times whatever it has earned. Attorney General Letitia James filed the petition o…

Swiss Franc holds losses following weaker Real Retail Sales

USD/CHF gains ground after two days of losses, trading around 0.8070 during the Asian hours on Friday. The pair appreciates as the Swiss Franc (CHF) remains subdued following the release of Swiss Real Retail Sales data,…

Hong Kong’s economy grows 4.3% in second quarter

HONG KONG — China’s economy last quarter grew at the slowest rate in three years, reflecting a broader slump that the country’s leaders signaled earlier this year when they set the lowest growth target in more than thre…