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Spot Ethereum ETF Approval May Boost Bitcoin, Says Michael Saylor

May 26, 2024 14:48 pm UTC| Technology

According to MicroStrategy founder Michael Saylor, the incorporation of spot Ether exchange-traded funds (ETFs) provides an additional line of defense for Bitcoin. Michael Saylor Sees Bitcoin Gaining From Ether ETF...

Tesla CEO Elon Musk Flips Stance on China Tariffs: ‘Distort the Market’

May 26, 2024 14:15 pm UTC| Technology

Tesla CEO Elon Musk has reversed his stance on China tariffs, criticizing them for distorting the market and advocating for free trade during the Viva Technology Conference. Elon Musk Criticizes Bidens Tariff Program,...

Adidas Originals, 100 Thieves Debut Collaborative Collection Blending Gaming and Fashion

May 26, 2024 11:09 am UTC| Business Technology

Adidas Originals and 100 Thieves have launched their first collaborative collection, combining gaming culture with fashion innovation. The collection includes garments, footwear, and accessories, featuring the standout...

Samsung to Increase Outsourcing Smartphone Production in China to 25% of 2024 Output

May 26, 2024 07:54 am UTC| Technology Business

Samsung plans to significantly boost its smartphone production by outsourcing to Chinese manufacturers, increasing output from 44 million to 67 million units. Samsungs Outsourcing Strategy Targets Cost...

Elon Musk’s xAI to Build Oracle-Powered Supercomputer, Expands Grok to Europe

May 26, 2024 07:00 am UTC| Technology Business

Elon Musk revealed that xAI plans to construct a supercomputer, partnering with Oracle, to enhance its AI automaton Grok. The company targets operational status by autumn 2025. Building a Future with Oracle In a...

Digital Currency Revolution

Trump Vows US Will Lead Crypto Industry, Rejects ‘Second Place’

May 26, 2024 01:22 am UTC| Digital Currency Technology

Former President Donald Trump vowed to support cryptocurrency enterprises, asserting the US should not settle for second place in the crypto industry. Trumps Vision for Crypto Dominance As per Cointelegraph, Trump...

How Fast-Food Prices Have Escalated Dramatically Under Joe Biden Since 2020

May 25, 2024 14:02 pm UTC| Technology

Fast-food prices have surged significantly since President Biden took office, transforming affordable meals into luxuries for many Americans. Rising Fast-Food Costs Turn Dining Out into a Luxury for Many...

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Economy

Australian Pension Funds Boost Currency Hedging as Aussie Dollar Strengthens

A major Australian pension fund is ramping up its currency hedging strategy as expectations grow that the Australian dollar is undervalued and poised to strengthen further. HESTA, one of Australias largest superannuation...

Lee Seung-heon Signals Caution on Rate Hikes, Supports Higher Property Taxes to Cool Korea’s Housing Market

Lee Seung-heon, a leading candidate to become the next governor of the Bank of Korea (BOK), has voiced support for raising property ownership taxes as a way to curb surging home prices, while warning that a shift toward...

Asian Currencies Stay Rangebound as Yen Firms on Intervention Talk

Most Asian currencies traded within a narrow range on Monday, reflecting cautious sentiment as investors awaited key economic data from the United States and China. The Japanese yen edged slightly higher after Japans...

Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data

Gold prices edged higher during Asian trading on Monday, with silver also posting strong gains, as precious metal markets attempted to stabilize after a week marked by sharp volatility. The rebound comes amid lingering...

UK Starting Salaries See Strongest Growth in 18 Months as Hiring Sentiment Improves

Starting salaries for permanent employees in the UK recorded their strongest increase in nearly a year and a half in January, signaling early signs of stabilization in the British labor market. According to the latest...

Politics

China Overturns Death Sentence of Canadian Robert Schellenberg, Signaling Thaw in Canada-China Relations

Chinas top court has overturned the death sentence of Canadian national Robert Schellenberg, a major development in a long-running drug smuggling case that has strained diplomatic relations between Canada and China for...

Taiwan Says Moving 40% of Semiconductor Production to the U.S. Is Impossible

Taiwan has firmly rejected calls from the United States to relocate a large portion of its semiconductor manufacturing capacity, with senior officials stressing that the islands chip industry cannot be uprooted. Taiwan...

Trump Slams Super Bowl Halftime Show Featuring Bad Bunny

U.S. President Donald Trump sparked fresh controversy after criticizing the Super Bowl halftime show fronted by global music star Bad Bunny, calling the performance absolutely terrible in a social media post shared on...

Bangladesh Election 2026: A Turning Point After Years of Political Suppression

Bangladesh is heading into what many describe as its most competitive national election in more than a decade, marking a dramatic reversal of political fortunes after years of one-party dominance. For 15 years under former...

Ghislaine Maxwell to Invoke Fifth Amendment at House Oversight Committee Deposition

Ghislaine Maxwell, a longtime associate of the late financier Jeffrey Epstein, plans to refuse to answer questions during a scheduled deposition before the U.S. House Committee on Oversight and Government Reform on Monday,...

Science

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...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

Samsung Electronics Shares Jump on HBM4 Mass Production Report

Samsung Electronics shares surged on Monday following reports that the South Korean tech giant is set to begin mass production of its next-generation HBM4 memory chips, a key component in artificial intelligence hardware....

Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge

Nvidia (NASDAQ: NVDA) CEO Jensen Huang reaffirmed his bullish stance on artificial intelligence, calling the massive capital expenditure flowing into AI infrastructure both appropriate and necessary as the industry...

Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate

Amazon.com (NASDAQ:AMZN) delivered a mixed but closely watched earnings report, beating Wall Street expectations on revenue while unveiling a massive long-term investment plan that unsettled investors. The e-commerce and...

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...