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Sun, Dec 22, 2024 08:28 PM All times are UTC

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Gold retreats from record peak as dollar slide pauses

Jul 28, 2020 08:59 am UTC| Commentary

Gold prices declined from record peaks on profit taking, which lifted the dollar from 2-year lows, ahead of a Federal Reserve meeting and the U.S. fiscal rescue package closure. Spot gold eased 0.9 percent to $1,922.63...

Ifo business climate index for Germany rises above expectations in July

Jul 27, 2020 13:08 pm UTC| Commentary

Ifo business climate index for Germany rose stronger than expected in July. The index rose to 90.5 points from 86.3, as compared with consensus expectations of 89.3. Firms gave a better assessment of the current business...

Gold at all-time peak as U.S.-China ties worsen, coronavirus cases continue to surge

Jul 27, 2020 08:51 am UTC| Commentary

Gold prices surged to record highs as an intensifying U.S.-China tensions dented the dollar and cemented expectations that central banks would continue injecting stimulus to ease the economic stress from a worsening...

U.S. new home sales surge in June

Jul 24, 2020 18:44 pm UTC| Commentary

U.S. new home sales rose 13.8 percent sequentially in June, the second consecutive month of rise in sales at a double-digit rate. Further rebounds were seen throughout all regions with sales in the Northeast, West,...

U.K.’s flash PMI indices continue to rebound in July, but employment index remains soft

Jul 24, 2020 14:14 pm UTC| Commentary

The U.K. PMIs continued to rebound from the April lows with both the manufacturing and services readings recording marked rises in July, greatly surpassing market expectations. The construction PMI data for the month of...

Blockchain revolution Series: Cardano Partners With Lykke For Fintech Exploration

Jul 24, 2020 13:03 pm UTC| Research & Analysis Digital Currency Insights & Views Commentary

In the advanced era of FinTech, weve seen various joint venturing and strategic alliances. Ripple has recently announced a fresh partnership with the Thai fintech start-up DeeMoney, the extensive payment mechanism,...

Gold rallies on easing dollar, U.S. China tensions, stimulus bets

Jul 24, 2020 09:58 am UTC| Commentary

Gold prices surged, hovering towards a near a 9-year high and were poised for its biggest weekly gain in more than three months, benefiting from a weak dollar and inflation expectations due to stimulus measures for...

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Economy

Italy's Meloni Warns EU of Russia’s Hidden Tactics Undermining Borders and Democracy

Italian Prime Minister Giorgia Meloni has urged the EU to tackle Russias evolving security threats, citing illegal migration, public influence, and resource control. Speaking at a Finland summit, she emphasized that these...

China’s Nio Brings Firefly EV to Europe in 2025 to Challenge Mini and Smart

Chinas Nio is preparing to launch its Firefly EV in Europe by early 2025, aiming to rival Mini and Smart. As the company expands its presence, its also addressing tariff challenges with innovative battery-swapping stations...

Holiday Travel Faces Turmoil as TSA Warns Shutdown Could Trigger Airport Delays Across the US

The TSA has warned that a government shutdown could severely disrupt airport operations during the holiday season. With 59,000 essential staff working unpaid, record passenger volumes may result in longer wait times unless...

Starbucks Union Strike Expands Nationwide as Baristas Demand Higher Wages, Better Schedules, and Fair Staffing

Unionized Starbucks workers walked off their jobs Friday, closing cafes in cities like Los Angeles and Chicago. The five-day strike escalates nationwide, with baristas demanding higher wages, better staffing, and improved...

Soaring EV Sales Spark Scramble for Lithium and Graphite as 2030 Supply Pinch Looms

A booming market could drive electric vehicle sales from 4.5 million this year to nearly 28 million by 2030, pressuring scarce battery resources. A new McKinsey analysis highlights looming shortages in lithium, manganese,...

Politics

Final Election Count 'Reveals' Majority of Americans Rejected Trump Despite Electoral Victory: Report

President-elect Donald Trump secured the presidency with 312 electoral votes, despite falling short of a popular vote majority, according to final election tallies. Trump garnered 77,297,721 votes, equating to 49.91% of...

Biden's 'Student Loan Forgiveness' Plan 'Abandoned'—38 Million Borrowers Left in Limbo

In a significant policy reversal, the Biden administration has withdrawn its proposal to cancel student loan debt for approximately 38 million Americans. This decision arrives amid legal challenges and operational hurdles,...

Biden's 'Immigrant Protection Plan' Aims to 'Sabotage' Trump's Deportation Agenda, Report Claims

President Joe Biden is reportedly considering executive actions to extend protections for hundreds of thousands of immigrants, potentially undermining President-elect Donald Trumps pledged mass deportation efforts. This...

Trump's 'Panama Canal Takeover' Threat Sparks International Tensions and Legal Debates

President-elect Donald Trump has threatened to reclaim U.S. control over the Panama Canal, citing exorbitant fees imposed by Panama and expressing concerns over potential foreign influence. This assertion has ignited...

Elon Musk Demands 'Cognitive Tests' for Politicians After Rep. Kay Granger Found in Dementia Care

Tech entrepreneur Elon Musk has called for mandatory cognitive assessments for elected officials following reports that Rep. Kay Granger (R-Texas) was located in a memory care facility after a six-month absence from...

Science

Emergency Declared as Bird Flu 'Spreads' to California Dairy Cows

California Governor Gavin Newsom has officially declared a state of emergency in response to the rapidly escalating bird flu outbreak. The declaration comes after avian influenza was detected in dairy cows, a rare and...

Missing Radioactive Material in New Jersey Sparks Panic — Are Drones ‘Hunting for It’?

A small amount of radioactive material went missing in New Jersey earlier this month, raising concerns over public safety and potential security risks. The U.S. Nuclear Regulatory Commission (NRC) confirmed on December 2,...

Some black holes at the centers of galaxies have a buddy − but detecting these binary pairs isn’t easy

Every galaxy has a supermassive black hole at its center, much like every egg has a yolk. But sometimes, hens lay eggs with two yolks. In a similar way, astrophysicists like us who study supermassive black holes expect to...

Astronomers have pinpointed the origin of mysterious repeating radio bursts from space

Slowly repeating bursts of intense radio waves from space have puzzled astronomers since they were discovered in 2022. In new research, we have for the first time tracked one of these pulsating signals back to its...

How is Donald Trump prioritizing funding for cancer research in 2025?

President-elect Donald Trump has announced a major initiative to prioritize funding for cancer research in 2025, pledging billions in federal support to combat one of the worlds leading causes of death. The plan includes...

Technology

Samsung Plans Ultra-Thin Galaxy S25 Slim to Rival iPhone 17 Air in 2025 Flagship Battle

Samsung is reportedly preparing to unveil its thinnest flagship yet, the Galaxy S25 Slim, early next year. The device, with a rumored sub-7mm thickness, is aimed at challenging Apples iPhone 17 Air while pushing the...

Tesla Addresses 'Cell Dent' Issues in Cybertruck Batteries, Sends Units Back to Gigafactory Texas

Tesla has discovered cell dent problems in its Cybertruck battery packs, prompting the automaker to send affected vehicles back to Gigafactory Texas for replacement. The issue affects inventory vehicles and highlights...

Top AI Chip Stock Positioned for Explosive 2025 Growth, Jefferies Signals Major Upside

A top-performing AI chip company has emerged as Jefferies standout stock for 2025, fueled by groundbreaking advancements in custom chip designs. Analysts predict the firm could achieve record-breaking revenues and market...

NVIDIA Tracks China’s H100 Chip Breach as Super Micro Computer Faces New Compliance Pressure

NVIDIA is probing how restricted H100 chips are ending up in China. Allegations of forged serial numbers and questionable distributor practices, including Super Micro Computer, have triggered a sweeping investigation into...

Nintendo Switch 2 Dock Leak Hints at Faster Performance but 4K Output Reportedly Capped at 30 FPS

A recent leak claims the Nintendo Switch 2 dock will enable faster performance but may disappoint fans with its rumored 4K resolution limit at 30 FPS. Updated Joy-Con details and dock specifications provide intriguing...