Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Digital Currency

Sat, Jan 11, 2025 06:42 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Digital Currency Revolution

Italy Drops Bitcoin Tax Bombshell: Capital Gains to Soar to 42% in Shocking Budget Move

Oct 16, 2024 20:14 pm UTC| Digital Currency Technology Business

In a shocking budget proposal, the Italian government is set to raise the capital gains tax on Bitcoin from 26% to 42%, creating major concerns for crypto investors as the country seeks new revenue sources. Bitcoin...

FxWirePro-Major crypto levels and bias summary

Oct 16, 2024 17:05 pm UTC| Digital Currency

Major crypto levels and bias...

Minneapolis Fed President Criticizes Bitcoin, Calling It a 'Speculative Asset' and Poor Inflation Hedge

Oct 16, 2024 15:49 pm UTC| Digital Currency Technology

During a recent public address, Minneapolis Federal Reserve President Neel Kashkari dismissed Bitcoin as a speculative asset and questioned its viability as an inflation hedge. Kashkari claimed he has never met anyone who...

Digital Currency Revolution

$500 Million Bitcoin Rush: ETF Inflows Explode as Price Shatters $67K Mark

Oct 16, 2024 14:04 pm UTC| Digital Currency Technology Business

Bitcoin ETFs exploded with a $500 million inflow in a single day, driving BTC past the critical $67K mark on October 15, 2024. Fidelity led the charge, securing a large share of the influx, signaling strong institutional...

Bitcoin Breaks $68K: A Powerful Blend of Institutional Demand and Social Media Hype Fuels the Surge

Oct 16, 2024 12:24 pm UTC| Digital Currency

BTCUSD surged above $68000 on strong institutional demand. It hit a high of $68388 at the time of writing and is currently trading ataround $67856. Social media hype Sentiment analysis from Santiment indicates...

Digital Currency Revolution

Donald Trump’s $7.5M Crypto Surge: Bitcoin, XRP, Ethereum Donations Flood Campaign Coffers

Oct 16, 2024 12:08 pm UTC| Digital Currency Technology Business Politics

Donald Trumps 2024 campaign surged with $7.5 million in cryptocurrency donations, thanks to Bitcoin, Ethereum, and XRP. The influx, reported in FEC filings, highlights a strategic shift as Trump garners growing support...

FxWirePro-Token unlock today (Arbiturm)

Oct 16, 2024 11:45 am UTC| Digital Currency

Arbitrum Unlock date - Oct 16th, 2024 Number of tokens unlocked- 92.65million ARB(2.65% of its circulating supply) Current Circulating Supply - 3.6billion ARB Previous token unlock - Sep 16th,...

91 92 93 94 95 96 97 98 99 100

Economy

Stock Futures Dip as Investors Await Key Payrolls Data

US stock futures declined early Friday as markets braced for the December nonfarm payrolls report, a pivotal indicator for Federal Reserve policy. By 03:28 ET, SP 500 futures slipped 0.2%, Nasdaq 100 futures dropped 0.3%,...

Autonomous Vehicles: The Next Technological Revolution

Autonomous vehicles (AVs) are poised to revolutionize transportation, much like the transition from horses to cars, according to Siddharth Mehta, Senior Director at AI computing firm Tenstorrent and former Waymo product...

Bitcoin Edges Higher Amid Jobs Report but Faces Weekly Decline

Bitcoin recorded modest gains on Friday following the release of Decembers stronger-than-expected jobs report, but it remains on track for significant weekly losses. Heightened concerns over slower U.S. interest rate cuts...

Elevated Stock Valuations and Rising Treasury Yields Pose Risks to US Equities

US equities face increasing risks as elevated stock valuations meet a less resilient economy, according to BCA Research analysts led by Peter Berezin. The SP 500 surged 23.3% in 2024, marking its strongest two-year...

US Job Growth Surges in December, Impacting Fed Rate Cut Outlook

The US economy defied expectations in December, adding 256,000 nonfarm payroll jobs, surpassing economists forecast of 164,000 and Novembers revised 212,000 increase. The unemployment rate dipped to 4.1%, down from...

Politics

Biden Calls for Enhanced Cybersecurity to Counter Escalating Threats

President Joe Biden is introducing an executive order to strengthen cybersecurity standards for federal agencies and contractors, targeting vulnerabilities exposed by recent cyberattacks linked to China. The order,...

Liberal Party Seeks Trudeau's Replacement as Leadership Race Heats Up

Canadas Liberal Party is in search of a new leader following Prime Minister Justin Trudeaus announcement to step down. The winner will be revealed on March 9. Top contenders include prominent figures with extensive...

Japan’s Foreign Minister to Attend Trump’s Inauguration

Japanese Foreign Minister Takeshi Iwaya is set to attend Donald Trumps January 20 inauguration for his second term as U.S. president, marking a historic first for a Japanese cabinet member. According to Japans Nikkei...

Biden Extends Deportation Relief for 900,000 Immigrants Ahead of Trump's Return

President Joe Bidens administration has renewed deportation protections for 900,000 immigrants from Venezuela, El Salvador, Ukraine, and Sudan through the Temporary Protected Status (TPS) program. This move extends their...

Maduro Sworn in for Controversial Third Term Amid Election Dispute

Venezuelan President Nicolas Maduro, in power since 2013, was inaugurated for a third term despite an ongoing election dispute and international backlash. The July election, declared in Maduros favor by Venezuelas...

Science

Bill Gates’ Shocking New Malaria Solution Unveiled as Genetically Modified Mosquitoes Turn Into Flying Vaccinators

In a groundbreaking and controversial move, researchers funded by the Bill and Melinda Gates Foundation at Leiden University Medical Center have developed a revolutionary approach to combat malaria. The team has created...

Explosive CIA Whistleblower Claims Havana Syndrome Victims Face Cancer, Dementia, and Government Betrayal

A former CIA operative has come forward with alarming allegations, claiming that victims of the mysterious Havana Syndrome are now battling devastating health issues, including cancer, dementia, and Parkinsons disease. The...

FDA Approval of Opdivo Injection Sparks Hope for Cancer Patients with Revolutionary Treatment Update

In a significant advancement for cancer care, the U.S. Food and Drug Administration (FDA) has approved an injectable version of Bristol Myers Squibbs blockbuster cancer drug Opdivo. Branded as Opdivo Qvantig, the new...

Public Health Experts Warn of ‘Quad-Demic’ as Flu, COVID, RSV, and Norovirus Threaten Winter Surge

Public health experts are raising alarms over a potential quad-demic this winter, with flu, COVID-19, respiratory syncytial virus (RSV), and norovirus all expected to surge simultaneously. This unprecedented convergence of...

Philippines' 'Missile Acquisition' Plan Provokes China's 'Arms Race' Warning

The Philippines has announced plans to acquire the U.S.-developed Typhon missile system to bolster its maritime defense capabilities. This decision has elicited strong reactions from China, which warns that such a move...

Technology

Optimistic Outlook for Chipmakers in 2025 Driven by AI Demand

Mizuho analysts project a positive 2025 for chipmakers, supported by robust artificial intelligence (AI) demand, data center expansion, and advancements in networking and memory chips. This optimism persists despite...

TSMC December Sales Surge 57.8%, Driven by AI Demand

TSMC (NYSE:TSM), the worlds leading contract chipmaker, posted a 57.8% year-on-year jump in December sales, reaching T$278.16 billion ($8.44 billion). This sharp growth highlights robust demand from the booming artificial...

Tesla Unveils Redesigned Model Y in China to Compete in Crowded EV Market

Tesla has introduced a revamped Model Y in China, aiming to recapture market share from competitors like Xiaomi. Priced at 263,500 yuan ($35,900), the updated Model Y is 5.4% more expensive than its predecessor. Deliveries...

Elon Musk Offers Starlink Aid Amid LA Wildfires, Criticizes California's Crisis Management

Elon Musk announced that SpaceX would provide free Starlink terminals to wildfire-stricken areas in Los Angeles. The Tesla CEO shared on social media platform X that the terminals would be delivered by Thursday morning to...

Elon Musk’s Controversial EU Clashes Amid DSA Investigation

Elon Musk hosting Alice Weidel, leader of Germanys far-right Alternative for Germany (AfD) party, on his X platform has drawn scrutiny from the European Commission. This move coincides with heightened EU efforts to curb...