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Digital Currency Revolution

Ethereum ETF Hopes Dim; Solana's Founder Trolls with 'BunkerCoin' Joke

Apr 02, 2024 02:56 am UTC| Technology Digital Currency

Amid fluctuating expectations for a U.S.-approved Ethereum ETF, analyst offers a stark reality check, predicting slim chances for approval. Concurrently, Solanas Anatoly Yakovenko lightens the mood with a fictional...

Pizza Hut, KFC, Taco Bell to Use AI to Innovate Meal Prep in Stores

Apr 02, 2024 02:44 am UTC| Business Technology

Pizza Hut, Taco Bell, and KFC are innovating their stores by adding the latest technologies to their store operations. The restaurants parent company, Yum! Brands Inc. said it embraces technology by integrating artificial...

US Congress Set to Ban Microsoft Copilot Over Security, Unveils Copilot Pro

Apr 02, 2024 02:27 am UTC| Technology

In a decisive move, the US Congress plans to ban Microsoft Copilot from all House-operated Windows devices, citing significant security concerns. This ban reflects apprehensions about potential data leaks within government...

OpenAI Restructures: Sam Altman Steps Down from Startup Fund, ChatGPT Access Eased

Apr 02, 2024 02:09 am UTC| Technology

OpenAI announced significant changes, including Sam Altmans departure from its Startup Funds ownership and making ChatGPT accessible without sign-up, aiming to simplify AI engagement and clarify organizational...

Apple Card Savings Faces First Interest Decrease, Updates Limits

Apr 02, 2024 01:56 am UTC| Technology Business

In an unprecedented move, the Apple Card savings account will lower its interest rate to 4.4% APY from April 3 while increasing the balance limit to $1 million, enhancing its appeal to high-value savers. Apple Cards...

Digital Currency Revolution

Hokkoku Bank Pioneers with ‘Tochika’: Japan's First Deposit-Backed Stablecoin

Apr 01, 2024 16:28 pm UTC| Technology Digital Currency

Hokkoku Bank has set a new benchmark in Japans financial sector by launching Tochika, the countrys first stablecoin secured by bank deposits. This strategic move aims to enhance digital currency utility and foster a...

Xiaomi SU7 Buyers Face Up to Seven-Month Wait Amid Soaring Demand

Apr 01, 2024 15:50 pm UTC| Technology

Xiaomi has announced a seven-month delivery wait for its new electric sedan, the SU7, following an overwhelming reception with nearly 90,000 orders in the first 24 hours. Xiaomis Electric SU7 Sedan Surges in Popularity...

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Economy

Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks

Oil prices extended their gains during Asian trading on Thursday as geopolitical tensions involving Venezuela and Russia heightened concerns over global crude supply. Market sentiment was boosted after U.S. President...

Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets

Asian shares fell sharply on Thursday as technology stocks came under renewed pressure, driven by growing investor concerns over heavy artificial intelligence spending and its impact on corporate balance sheets. Market...

Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React

The U.S. dollar remained steady against major global currencies on Thursday as investors positioned themselves ahead of key central bank decisions in the United Kingdom, Europe and Japan. Currency markets showed cautious...

BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited

The Bank of England is widely expected to cut interest rates on Thursday as signs mount that UK inflation is easing and economic growth is weakening. Financial markets anticipate a 25-basis-point reduction, bringing the...

U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data

U.S. stock index futures inched higher on Wednesday evening, supported by blowout earnings and strong guidance from Micron Technology, although broader gains remained limited as investors stayed cautious ahead of key U.S....

Politics

Trump Announces $1,776 Cash Bonus for U.S. Military Personnel Ahead of Christmas

U.S. President Donald Trump announced Wednesday evening that eligible U.S. military personnel will receive a one-time cash payment of $1,776, a move he described as a special warrior dividend timed ahead of Christmas. The...

U.S. House Advances GOP Healthcare Bill as ACA Subsidies Near Expiration

A major U.S. federal healthcare subsidy expanded during the COVID-19 pandemic is set to expire at the end of the year after the House of Representatives narrowly advanced a Republican healthcare bill that does not renew...

U.S. Initiates $11.1 Billion Arms Sale to Taiwan Amid Rising China Tensions

Taiwans defence ministry announced on Thursday that the United States government has formally initiated the congressional notification process for a proposed $11.1 billion arms sale to Taiwan, underscoring Washingtons...

Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies

A union-aligned investment group has urged major U.S. corporations including Amazon, Walmart and Google-parent Alphabet to explain how President Donald Trumps immigration policies are affecting their finances, workforce...

Venezuela Seeks UN Security Council Meeting Over U.S. Oil Tanker Blockade

Venezuela has formally requested an urgent meeting of the United Nations Security Council to address what it described as ongoing U.S. aggression against the country, according to a letter seen by Reuters. The request...

Science

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...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law

Apple has announced a major shift in its App Store policies in Japan, opening iPhones and other Apple devices to alternative app stores in order to comply with new competition laws aimed at reshaping the countrys...

Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand

Micron Technology delivered record first-quarter results and issued a bullish forecast for the current quarter, driven by rising memory prices and strong demand linked to artificial intelligence workloads. The upbeat...

Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track

Oracle shares fell more than 4% on Wednesday after a Financial Times report claimed that Blue Owl Capital, Oracles largest U.S. data center partner, decided not to support a planned $10 billion data center project in...

OpenAI Explores Massive Funding Round at $750 Billion Valuation

OpenAI, the company behind the widely used AI chatbot ChatGPT, has reportedly entered preliminary discussions with investors about a potential new funding round that could value the company at approximately $750 billion....

Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools

Republican lawmakers are raising alarms over potential U.S. national security risks after a Reuters report revealed that Intel evaluated advanced chipmaking equipment from ACM Research, a company with significant ties to...