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Sat, Nov 23, 2024 02:03 AM All times are UTC

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S&P 500 Climbs on Cyclical Stocks as Nvidia and Alphabet Diverge Amid Fed Speculation

Nov 21, 2024 22:39 pm UTC| Economy Technology Business

The SP 500 rose 0.5% Thursday, fueled by cyclical stocks like financials and industrials, offsetting tech sector volatility. Nvidias robust demand contrasted with Alphabets sharp dip on regulatory concerns. Cyclical...

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...

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Economy

Oil Prices Soar to 2-Week High as Russia Fires Hypersonic Missiles, Escalating Ukraine Conflict

Oil prices surged about 1% on Friday, hitting a two-week high as Russia escalated its war in Ukraine by deploying hypersonic missiles, amplifying geopolitical risks in the market. Brent crude settled at $75.17 per barrel,...

Amazon's $4 Billion Anthropic Deal Supercharges AI Race Against Microsoft and Google

Amazon has supercharged the AI race by investing $4 billion in Anthropic, doubling its investment to challenge Microsoft and Google in the competitive generative AI landscape. The partnership leverages Amazons cloud...

FxWirePro- Major economic events for the day

Date Time Currency Event Actual Forecast Previous Fri Nov...

Global Currency Shuffle: Euro Dips, Yen Recovers, and Markets Await Key Economic Signals

The euro lost its shine against the US dollar due to strong US economic data and dovish comments from ECB members. It hit a fresh year-low yesterday and is hovering around that level. Yannis Stournaras from the European...

Fed's Goolsbee Expects Rates to Drop 'Fair Bit Lower,' Cautions on Slowing Cuts

Chicago Fed President Austan Goolsbee said Thursday he anticipates interest rates will end up considerably lower within the next year. He cautioned that the Federal Reserve may need to decelerate rate cuts amid...

Politics

Crypto Rules Shakeup: Trump-Tied SEC Candidate Hints at Clearer Path After Gensler’s Sudden Exit

Republican SEC Commissioner Mark Uyeda is positioning himself as a crypto advocate amid discussions of regulatory clarity. Speculation is mounting that President-elect Donald Trump may nominate Uyeda to replace Gary...

China's Hackers Poised for Conflict Within US Networks, Cyber Official Warns

Chinese hackers are positioning themselves within U.S. critical infrastructure IT networks to gain an advantage in case of major conflict, a top U.S. cybersecurity official revealed Friday, emphasizing escalating cyber...

Senator Lummis Pushes for 1M BTC in US Reserve to Slash Debt, Preserve Dollar Dominance

Senator Cynthia Lummis has proposed adding Bitcoin to the U.S. strategic reserve to slash national debt and stabilize the economy. Highlighting BTCs deflationary value, the senator sees it as a hedge against inflation and...

What’s Driving Charles Schwab Toward Spot Crypto Trading? Trump’s Regulatory Shift and $100K Bitcoin Answer

Charles Schwab is poised to enter the spot crypto market as Trumps administration signals regulatory reforms. With Bitcoin nearing $100,000 and competition heating up, Schwab aims to seize the moment and expand its crypto...

Jeb Bush Sparks Uproar by Praising Trump’s AG Pick Pam Bondi: ‘A Bold and Unexpected Move!’

Former Florida Governor Jeb Bush has publicly extended his congratulations to Pam Bondi, Donald Trumps nominee for Attorney General, reigniting political debates across social media. Bondi, who previously served as...

Science

Why does everything look flat even though the Earth is round?

Ever since the ancient Greeks first made observations of the circular Moon and the skies, scientists have known that the Earth is a sphere. Weve all seen beautiful images of the Earth from space, some photographed by...

Blue Origin Prepares to Test New Glenn Rocket, Set to Rival SpaceX's Falcon Rockets

Blue Origin is making significant strides toward testing its New Glenn rocket, designed to compete with SpaceXs Falcon lineup. With seven BE-4 engines producing 3.8 million pounds of thrust, the New Glenn is set to test...

SpaceX’s $2.9 Billion Moon Ship Reveals Spacious Design for Future Lunar Missions

SpaceXs latest prototype of its Starship Human Landing System (HLS) offers an inside look at the spacious, two-story design that could soon carry astronauts to the Moon. A central feature in NASAs Artemis program, this...

CDC Urges Second COVID-19 Vaccine for Seniors: ‘Protect Your Health This Season!’ Experts Say It’s Critical

In a recent public health announcement, the Centers for Disease Control and Prevention (CDC) recommended that individuals aged 65 and older receive a second dose of the 2024-2025 COVID-19 vaccine. This additional dose, the...

Breakfast Secrets: 'Fiber-rich Foods Are the Key to Weight Loss!' Experts Reveal Shocking Truth

Health experts often emphasize the importance of a balanced diet combined with regular exercise for weight management. However, for many, achieving these goals can be a daunting challenge. Instead of drastic food...

Technology

Xiaomi's Second Electric SUV to Challenge Tesla Model Y in Q1 2025, Report Reveals

Xiaomi is gearing up to launch its second electric SUV, the MX11, in February or March 2025, according to reports. The upcoming model is positioned as a competitor to Teslas Model Y and will likely feature Xiaomis hallmark...

$18 XRP Prediction Gains Traction as Wave 3 Builds Toward $5 Surge Before 2024

XRP is poised for a major surge, with analysts forecasting a jump to $18 by mid-2025. Elliot Wave projections show a $5 rally before year-end, fueled by bullish market sentiment and strong momentum. XRP Rally to $18:...

Shiba Inu in Trouble? 33 Trillion SHIB Could Fall If $0.000022 Support Breaks

Shiba Inu is on the brink of a decisive move as it consolidates within a triangle pattern. The critical $0.000022 support, tied to 33 trillion SHIB, is weakening. Resistance at $0.000025 and shifting market sentiment add...

Ether Price Rises Despite $1.3B Whale Sell-Off, Targets $3,700 Breakout

Ethers price continues to climb despite significant selling pressure from whales unloading over $1.3 billion in holdings. Investors anticipate a rally toward the $3,700 resistance level, buoyed by Bitcoins surge past...

Solana Hits $262 ATH Amid $35M Whale Buys—Could $5,000 Be Next?

Whale investors snapped up $35 million in Solana, driving the token to a new all-time high of $262. With growing excitement around a potential Solana ETF, analysts speculate that a climb to $5,000 might be on the...