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Thu, Dec 19, 2024 03:24 AM All times are UTC

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Trump Pressed to Protect EV Tax Credits Amid China’s Subsidized Electric Car Push and Regulatory Battles

Nov 21, 2024 20:23 pm UTC| Economy Technology Business Politics

Automakers representing General Motors, Toyota, and Volkswagen are pressing President-elect Donald Trump to protect EV tax credits, address strict emissions rules, and counter Chinas EV export subsidies. Industry leaders...

Nvidia's AI Production Bottlenecks Spark Debate as Demand Skyrockets Beyond Supply Limits

Nov 21, 2024 20:11 pm UTC| Technology Business Economy

Nvidias AI chips face critical production hurdles, with soaring demand outpacing supply due to advanced packaging challenges. Analysts foresee persistent bottlenecks into 2025, reshaping the competitive...

Digital Currency Revolution

Google Faces DOJ Pressure to Sell Chrome, Android, and AI Stakes to Fix Search Monopoly

Nov 21, 2024 19:51 pm UTC| Digital Currency Technology Business

The Department of Justice has urged a federal judge to make Google sell its Chrome browser and Android OS, among other remedies, to break its dominance in online search. The DOJ says drastic measures are needed to restore...

Digital Currency Revolution

Bitcoin ETFs Hit $104 Billion, Outpacing Gold ETFs in Growth Amid Post-Election Market Optimism

Nov 21, 2024 17:18 pm UTC| Digital Currency Technology Business Politics

Bitcoin ETFs achieved a record-breaking $104 billion in net assets, boosted by Donald Trumps presidential win and growing investor appetite for cryptocurrencies. With Bitcoin ETFs rapidly closing the gap with gold ETFs,...

Digital Currency Revolution

5 Crucial Metrics Shaping Ethereum’s Next Move: Whale Activity and Network Growth in Focus

Nov 21, 2024 16:50 pm UTC| Digital Currency Technology Business

Ethereums price movement hinges on five pivotal indicators, including whale netflows and transaction growth, according to IntoTheBlock. Mixed signals emerge as ETH trades at $3,323, with long-term investors continuing to...

Digital Currency Revolution

Bitcoin Soars Past $98,000, Catapults Satoshi Nakamoto Into World's Top 20 Billionaires

Nov 21, 2024 16:11 pm UTC| Digital Currency Technology Business

Bitcoin shattered records by surpassing $98,370 on Thursday, propelling its mysterious creator Satoshi Nakamoto into the ranks of the worlds wealthiest. With holdings of approximately 1.1 million BTC now valued at over...

Digital Currency Revolution

Why Bitcoin’s Rally Has Traders Eyeing $135K Amid Trump’s Crypto Policy Push and ETF Boom

Nov 21, 2024 15:50 pm UTC| Digital Currency Technology Business Politics

Bitcoin is surging as Trumps team explores creating a White House crypto policy role, adding to momentum from strong ETF inflows. Analysts predict BTC could reach $135K by year-end, while Ethereum struggles against...

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Economy

Wall Street Jumps on Fed Rate Cut Hopes Driving Tesla and Nvidia Higher

Wall Street rallied Wednesday, buoyed by expectations of a Federal Reserve rate cut. Tesla and Nvidia powered gains as investors looked ahead to the Feds policy outlook and corporate earnings. Wall Street Gains as...

TikTok Challenges Looming Ban in US Supreme Court Showdown Over Free Speech

The US Supreme Court is set to hear TikToks challenge against a law demanding its sale or a nationwide ban by January 19. The case, pivotal for digital rights and national security, raises questions about free speech and...

Nvidia Stock Climbs on Positive Blackwell Update and Signs of GPU Momentum

Nvidia shares rose 2.5 percent early Wednesday as investors reacted to a report showcasing significant production progress on the Blackwell NVL system. The update reinforced expectations for strong GPU momentum in the...

UK Inflation Update: November CPI Expected to Rise Above Target

Today, December 18, 2024, the UK Consumer Prices Index (CPI) data for November is being released. Experts believe that the headline CPI will go up to 2.7%, compared to 2.3% in October. This increase means inflation will...

FxWirePro- Major economic events for the day

Time Currency Event Actual Forecast Previous 7:00am GBP CPI...

Politics

Mike Johnson Faces Backlash Over ‘Clean Bill’ Spending Plan as GOP Divisions Widen

House Speaker Mike Johnson is reportedly in discussions to abandon the current spending plan in favor of a clean bill, according to a report by POLITICO. The move, aimed at avoiding a government shutdown, has fueled...

’Ten Commandments Debate’ Heats Up as 18 States Back Louisiana’s Classroom Display Law

Eighteen states have voiced their support for Louisianas controversial law requiring public schools to display the Ten Commandments prominently in classrooms. The legislation mandates that the religious text be posted in a...

Trump’s Team ‘Lays Groundwork’ With Mexico and El Salvador for Mass Deportation Plan

Former President Donald Trumps transition team has reportedly started back-channel discussions with the governments of Mexico and El Salvador to prepare for a massive deportation plan if he returns to office. The effort is...

Ex-CDC Director Says ‘Vaccine Makers Lied’ About COVID as He Urges Congress to End Liability Shield

Former Centers for Disease Control and Prevention (CDC) Director Robert Redfield has urged Congress to remove the liability protections granted to vaccine manufacturers, claiming the public was misled about aspects of the...

Trump’s Border Czar Says ‘Mass Deportations’ Will Save Taxpayers Millions as Debate Heats Up

Tom Homan, former acting director of Immigration and Customs Enforcement and Trumps border czar, has stated that mass deportations would save American taxpayers millions of dollars over time. Homan shared his views during...

Science

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...

How will Donald Trump address renewable energy research funding in 2025?

President-elect Donald Trump has revealed plans to reshape the U.S. renewable energy landscape in 2025, sparking debates about the administrations commitment to combating climate change. While Trumps previous term focused...

Technology

Elon Musk Lights Up Tesla Buzz with $690.42 Price Target and $2 Trillion Market Cap Forecast

Tesla shares have skyrocketed, climbing over 85 percent since the election. Elon Musks forecast of a $690.42 share price and a $2 trillion market cap by 2025 has energized the market, fueled by AI and Full Self-Driving...

Lamborghini Pushes EV to 2029 Backing Belief That Luxury Market Still Needs More Time

Lamborghini is holding off on its first electric vehicle until 2029, confident that this timing is not too late. The automaker believes its luxury segment will not welcome a full EV much earlier, instead turning its...

Elon Musk Tells Users to ‘Stop Using Hashtags’ on X as Platform Moves Away From Trends

Elon Musk, CEO of X (formerly Twitter), has sparked fresh debate on social media after urging users to stop using hashtags. Musk stated that the platforms current system no longer requires them for functionality, adding...

Biden’s $300M Contracts to Reuters ‘Target Elon Musk’ as Federal Agencies Investigate His Companies: Report

The Biden administration reportedly awarded $300 million in government contracts to Reuters while 11 federal agencies conducted investigations into Elon Musks companiesTesla, SpaceX, Neuralink, and X (formerly Twitter)....

Donald Trump to Allegedly ‘Waive Apple’s China Tariffs’ as He Aims to Stop Samsung From Dominating Global Market

Former President Donald Trump is predicted to waive China tariffs on Apple to protect the U.S. tech giant from losing market share to its South Korean rival Samsung. The claim, made by prominent tech analyst Gene Munster,...