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Weaker iPhone 16 Demand Hits Apple Stock; Shorter Ship Times Raise Concerns

Sep 17, 2024 01:43 am UTC| Technology Business

Apple shares declined by 3% on Monday after analysts reported lower-than-expected demand for the new iPhone 16 Pro models. The shorter global shipping times compared to last years models suggest weaker pre-orders and...

Digital Currency Revolution

XRP Healthcare Backs Trump for 2024, Shuns Ripple CEO's Support for Harris

Sep 17, 2024 00:50 am UTC| Digital Currency Technology Business Politics

XRP Healthcare, a blockchain-based healthcare firm, has endorsed Donald Trump for president, highlighting a growing trend of crypto leaders voicing political support as the 2024 U.S. election approaches. XRP Healthcare...

Digital Currency Revolution

SEC's 'Politicized Approach' to Crypto Sparks Debate: Ex-Officials Speak Out

Sep 17, 2024 00:16 am UTC| Digital Currency Technology Business

In a pivotal hearing on September 18, former SEC commissioner Dan Gallagher and Michael Liftik will address Congress about the SECs politicized approach to crypto regulation, criticizing Chair Gary Genslers enforcement...

Tesla’s Cybertruck Set to Make Its Debut in New Regions as October Deliveries Begin

Sep 16, 2024 23:55 pm UTC| Technology Business

Teslas much-anticipated Cybertruck is gearing up for its debut in new regions this October. As deliveries expand beyond the U.S., Tesla is preparing to bring its electric pickup to more markets, setting the stage for a...

Digital Currency Revolution

Ethereum Investor Turns $87K into $38M, Sells 350 ETH for Nearly $1M in 8 Years

Sep 16, 2024 21:02 pm UTC| Digital Currency Technology Business

An Ethereum investor who purchased 16,636 ETH in 2016 for $87,006 sold 350 tokens for $819,000, achieving a nearly tenfold return. The remaining Ethereum holdings are valued at more than $38 million, highlighting the...

Digital Currency Revolution

TRON Poised to Join Bitcoin and Ethereum's Ranks Within 2 Years, Justin Sun Predicts

Sep 16, 2024 20:45 pm UTC| Digital Currency Technology Business

Justin Sun, TRONs founder, expressed confidence that TRX will rival Bitcoin and Ethereum within two years. Citing TRXs 7,000% growth and USDT integration, Sun believes TRON is on track for top-tier status in the crypto...

Digital Currency Revolution

Bitcoin's Next Big Fall? Peter Schiff Predicts Crash to $20K as Market Volatility Soars

Sep 16, 2024 20:22 pm UTC| Digital Currency Technology Business

As Bitcoin continues to face rising market volatility, economist Peter Schiff warns that the cryptocurrency could drop as low as $20,000. Schiff, a longtime Bitcoin skeptic, points to a possible triple top and increased...

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Economy

Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes

Brent crude oil prices have tumbled more than 11% this week after the United States and Iran agreed to a two-week ceasefire, raising hopes that the Strait of Hormuz one of the worlds most critical oil shipping lanes ...

Bank of Japan Governor Signals Accommodative Stance Amid Negative Real Rates

Bank of Japan Governor Kazuo Ueda reaffirmed on Thursday that Japans real interest rates remain firmly in negative territory, signaling that the countrys financial conditions continue to support economic growth. His...

Japan Consumer Confidence Drops Sharply Amid Rising Fuel Costs and Middle East Tensions

Japans consumer confidence took a significant hit in March, declining for the first time in three months as escalating fuel costs linked to the ongoing Middle East conflict continued to weigh heavily on the countrys...

China Set to Exit Deflation Cycle in Early 2026, ANZ Analysts Say

China may be closer to ending its prolonged deflationary period than financial markets currently anticipate, according to a recent note from ANZ analysts. The bank projects that three key price indicators the producer...

Asian Currencies Hold Steady as Middle East Ceasefire Doubts Weigh on Markets

Asian currencies showed little movement on Thursday following strong gains in the prior session, as investor caution mounted over the stability of a U.S.-Iran ceasefire deal amid escalating Middle East tensions. The U.S....

Politics

Trump Warns Iran: No Deal Means Military Action as U.S. Forces Hold Position

President Donald Trump escalated tensions with Iran on Wednesday, declaring that all U.S. military assets including ships, aircraft, and personnel would remain stationed in the region until a formal agreement with Tehran...

U.S. Pushes for Crypto Regulation to Keep Digital Asset Growth at Home

Treasury Secretary Scott Bessent is calling on Congress to pass landmark federal cryptocurrency legislation, warning that regulatory uncertainty is pushing blockchain innovation and investment out of the United States. In...

North Korea Tests Advanced Cluster Bombs, Electromagnetic Weapons in Latest Military Display

North Korea has conducted a series of weapons tests this week, showcasing cutting-edge military technology including cluster-bomb warheads, electromagnetic weapons, and carbon-fibre bombs, according to state media outlet...

Trump Pardon Clears Juan Orlando Hernández as U.S. Court Dismisses Drug Conviction Appeal

A U.S. federal appeals court has dismissed the case against former Honduran President Juan Orlando Hernández, vacating his prior conviction following a presidential pardon granted by Donald Trump in December. The...

Taiwan Defense Budget: U.S. Senator Urges Legislature to Pass Spending Plan

Republican Senator Jim Banks visited Taipei and delivered a direct message to Taiwans President Lai Ching-te: the islands parliament must stop stalling and approve a proposed special defense budget. Banks, a member of the...

Science

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth

Bank of America has spotlighted a select group of Asia-Pacific semiconductor companies well-positioned to ride the wave of surging artificial intelligence chip demand, with Taiwan Semiconductor Manufacturing Company...

China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs

Chinese artificial intelligence stocks continued their remarkable rally on Thursday, with Zhipu AI and MiniMax Group posting strong gains in Hong Kong trading as a wave of new model launches and product announcements...

Bendigo and Adelaide Bank Posts Strong Q3 Earnings, Announces AI-Driven Job Cuts

Bendigo and Adelaide Bank delivered an impressive financial performance in its third quarter, reporting a 12.8% surge in cash earnings to A$137.9 million for the three months ending March 31. The result came in roughly 12%...

Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses

Alibabas Hong Kong-listed shares (HK:9988) dropped 2.9% to HK$122.70 on Thursday, emerging as one of the heaviest drags on the Hang Seng Index, which closed 0.6% lower. The selloff came after investment bank Jefferies...

Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles

A federal appeals court in Washington, D.C., has refused to halt the Pentagons national security blacklisting of AI company Anthropic, delivering a temporary win for the Trump administration. The ruling comes as another...