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Wall Street isn't just a casino where traders can bet on GameStop and other stocks – it's essential to keeping capitalism from crashing

Feb 08, 2021 12:43 pm UTC| Insights & Views Economy Investing

Shares of GameStop and other companies or assets that shot up in value in recent weeks are now dropping like stones. While I feel sorry for the many investors who will likely lose a lot of money, the stocks return to Earth...

UK's Drop Bear Beer secures $2.47 million investment for alcohol-free brewery

Feb 06, 2021 23:29 pm UTC| Business Investing

Drop Bear Beer Co. has secured a $2.47 million funding to build one of the worlds first dedicated alcohol-free breweries in South Wales, as it looks to increase production and market share. The brewery offers a range of...

Mirae Asset launches equity fund investing in cleantech-focused S. Korean firms

Feb 04, 2021 23:59 pm UTC| Economy Investing

Mirae Asset Global Investments has launched a new equity fund to invest in South Korean companies with clean technology prowess. The South Korean investment house aims to ride on the green wave among financiers. Its...

Goldman Sachs economist warns S. Korean investors of high exposure to US market risks

Feb 02, 2021 19:30 pm UTC| Economy Investing

Goldman Sachs senior Asia economist Goohoon Kwon warned South Korean retail investors that they are highly exposed to US market risks after their holdings in US stocks reached 80 percent. According to Kwon, with South...

GameStop: hedge fund attacks have opened up powerful new front against Wall Street

Feb 02, 2021 13:59 pm UTC| Investing

In the dying days of 2009, Rage Against the Machine achieved the unlikeliest of Christmas number ones with a re-release of their anti-establishment anthem Killing in the Name. This was driven by an online campaign to give...

Digital Currency Revolution

Ethereum: what is it and why has the price gone parabolic?

Jan 22, 2021 07:30 am UTC| Investing Digital Currency

The price of the worlds second largest cryptocurrency, ether, hit a new all-time high of US$1,440 (1,050) on January 19. This breached a previous high set three years ago and gave ether a total value (market...

JPMorgan leans on trading, investment banking to boost profits

Jan 15, 2021 14:59 pm UTC| Economy Business Investing

JPMorgan Chase Cos net income rose to $12.1 billion, or $3.79 per share, in the quarter ended Dec. 31, from the previous years $8.5 billion, or $2.57 per share. The performance also surpassed its expected earnings of...

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Economy

US Stock Futures Flat as Iran Strait of Hormuz Demands Fuel Oil Concerns

U.S. stock futures were largely flat Sunday night as investors assessed renewed geopolitical risks surrounding the Strait of Hormuz, with Iran setting conditions for fully reopening the critical oil shipping route. SP 500...

Oil Prices Rise as Hormuz Reopening Remains Uncertain

Oil prices climbed on Monday as uncertainty over the reopening of the Strait of Hormuz kept supply concerns elevated, despite signs that Iran and Oman are nearing an agreement on new shipping lanes. Brent crude futures...

BOJ Signals Faster Rate Hikes as Inflation Risks Raise September Move Odds

Bank of Japan policymakers are increasingly concerned about inflation pressures, with several officials suggesting that interest rate hikes may need to come faster than financial markets currently expect, according to a...

US Yen Intervention Unlikely to Deliver Lasting Recovery, Yardeni Says

U.S. efforts to strengthen the Japanese yen may offer only temporary relief as Japans fiscal policies, wide interest-rate gap with the United States, and preference for a weaker currency continue to pressure the yen,...

Iran-Oman Near Strait of Hormuz Deal as Shipping Tensions Persist

Iran and Oman are nearing an agreement on shipping through the Strait of Hormuz, but Tehran says a bilateral deal alone will not be enough to fully reopen the critical global energy route. Iranian Foreign Minister Abbas...

Politics

Houthi Attack on Yemen’s Mocha Port Kills Seven, Injures 30

Seven people were killed and 30 others wounded after Houthi forces launched a large-scale drone and missile attack on Yemens Red Sea port city of Mocha, according to the Yemeni military. In a statement issued early Monday,...

Germany Warns of Daily Hybrid Warfare Threats

Germany is facing foreign hybrid warfare operations on a daily basis, Interior Minister Alexander Dobrindt has warned after authorities discovered an explosive-carrying drone at Leipzig/Halle Airport. Dobrindt said hostile...

ICE to Complete Nationwide Body Camera Rollout by End of August

U.S. Immigration and Customs Enforcement (ICE) will equip all officers and agents working in the field with body-worn cameras by the end of August, accelerating a nationwide rollout that was initially expected to take...

Joe Biden’s Prostate Cancer Has Spread Further, Hunter Biden Says

Former U.S. President Joe Bidens prostate cancer has spread beyond his bones and is causing significant pain, according to his son, Hunter Biden, who discussed his fathers health in a BBC interview. Speaking to the BBCs...

Senate Majority Leader John Thune Moves to Advance Crypto Clarity Act

U.S. Senate Majority Leader John Thune has taken a key step toward advancing the Clarity Act, a major cryptocurrency regulation bill that could establish the first comprehensive federal framework for the U.S. crypto...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

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...

Technology

Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins

Nvidia (NVDA) could enter a multi-quarter growth cycle as shipments of its next-generation Vera Rubin AI chips begin, with BofA Global Research forecasting stronger-than-expected quarterly results and maintaining a bullish...

OpenAI Restricts Astra AI Over Cyberattack Risks

OpenAI has reportedly restricted parts of the development of its next-generation AI model, code-named Astra, after early evaluations indicated the system could potentially carry out sophisticated cyberattacks with limited...

Nvidia to Invest Up to $3 Billion in Blackstone-Backed Lancium

Nvidia is reportedly preparing to invest as much as $3 billion in Lancium, a Blackstone-backed power infrastructure developer involved in the Stargate artificial intelligence infrastructure initiative, as demand for...

Meta Ordered to Pay $567M Over Child Safety Violations in New Mexico

Meta Platforms Inc. has been ordered to pay $567 million into a fund designed to address harm to young people, in a major legal ruling involving child safety on Facebook and Instagram. Judge Bryan Biedscheid of New Mexicos...

Nintendo Shares Jump as Switch 2 Sales Boost Earnings

Nintendo shares surged nearly 5% on Friday after the Japanese gaming giant reported stronger-than-expected first-quarter earnings and upgraded its full-year financial outlook, supported by robust demand for the new Switch...