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Thu, Mar 13, 2025 09:29 AM All times are UTC

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Bitcoin Gains Momentum Amid Bullish Projections and Investor Optimism

Jan 15, 2025 09:14 am UTC| Digital Currency Investing

Bitcoin continued its upward trajectory on Wednesday, gaining 2.1% to trade at $97,003.4 by 06:50 GMT. This comes after a sharp rally on Tuesday, where the cryptocurrency briefly surpassed the $97,000 mark before retracing...

SEC Accuses Elon Musk of Securities Law Violation Over Twitter Stake Delay

Jan 15, 2025 03:23 am UTC| Technology Business Law Politics Investing

The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Elon Musk, accusing him of delaying the disclosure of his substantial stake in Twitter, now known as X, in 2022. The SEC alleges Musk violated...

Equities Face Uncertain Outlook in 2025 Amid High Valuations and Risks

Jan 15, 2025 03:17 am UTC| Investing Market Moving News

Equities face a challenging 2025 despite favorable economic conditions, according to Goldman Sachs strategist Peter Oppenheimer. Three key factors shape this outlook: elevated valuations, concentrated market risks, and...

Bank of America Clients Pour $1.1B into US Equities Amid Sector Shifts

Jan 15, 2025 03:12 am UTC| Investing Business Fund

Bank of America Securities reported $1.1 billion in US equity inflows last week, marking a tenth consecutive week of buying. Private clients led the charge, with month-to-date inflows surpassing historical January averages...

Gold Prices Set to Hit New Highs in 2025 Amid Market Volatility

Jan 15, 2025 03:05 am UTC| Market Moving News Investing

Gold prices could climb to record highs in 2025 as investors seek safe havens during potential stock market volatility, UBS analysts predict. In 2024, gold surged 27%, peaking at $2,788 per ounce in October and setting an...

Top Stock Picks for 2025: Roku and Salesforce Shine

Jan 15, 2025 03:01 am UTC| Business Investing

Needham Company has revealed its 2025 Top Picks, spotlighting Roku and Salesforce.com as standout investment opportunities. Rokus growth potential lies in the booming connected TV (CTV) advertising market, projected to...

Bitcoin Surges in 2024: Insights from Deutsche Bank on Key Market Trends

Jan 15, 2025 02:57 am UTC| Digital Currency Investing

Bitcoin surged 120% in 2024, hitting a record $108,316 in mid-December before dropping to $90,000a 17.5% decline. The drop coincided with major outflows from US spot Bitcoin ETFs, including $583 million in one day....

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Economy

Gold Prices Surge as Rate Cut Bets Strengthen Amid Trade War Escalation

Gold prices climbed in Asian trading on Thursday, driven by softer U.S. inflation data that reinforced expectations of Federal Reserve rate cuts. Spot gold rose 0.4% to $2,945.18 per ounce, while April gold futures gained...

Australia’s Stock Market Nears Correction as U.S. Tariffs Shake Investor Confidence

Australias SP/ASX 200 index is on the brink of correction territory, tumbling 9.8% from its all-time high on February 14, driven by escalating trade tensions following U.S. President Donald Trumps new tariffs. As of 03:20...

South Korea Warns of Heightened Currency Volatility Amid U.S.-China Trade War

South Koreas central bank cautioned that escalating tensions in the U.S.-China trade war could prolong market instability, increase capital outflow risks, and amplify dollar-won exchange rate volatility. The Bank of Korea...

Asian Currencies Stabilize as Dollar Holds Gains Amid Trade Tensions

Asian currencies saw slight gains on Thursday after recent losses, but market sentiment remained cautious due to rising global trade tensions and fears of a U.S. recession. Meanwhile, the dollar steadied following a mild...

Oil Prices Dip Amid Recession Fears, Rising Supply, and Trade War Concerns

Oil prices edged lower in Asian trading Thursday, easing after a recent rebound as concerns over a potential U.S. recession and increasing production weighed on sentiment. Brent crude futures slipped 0.2% to $70.83 per...

Politics

India May Limit Starlink’s Satellite Spectrum to 5 Years, Defying Musk’s 20-Year Request

Indias telecom regulator, TRAI, is set to recommend a five-year allocation for satellite broadband spectrum, challenging Elon Musks Starlink, which sought a 20-year permit. This move aims to assess market adoption before...

Trump’s Bold Tax Plan: No Taxes for Americans Earning Under $150K

U.S. President Donald Trump aims to eliminate taxes for individuals earning less than $150,000 annually, according to Commerce Secretary Howard Lutnick in a recent CBS News interview. I know what his goal isno tax for...

Germany Eyes Historic €500B Fund Amid Political Showdown

Germanys outgoing Bundestag will debate a 500 billion infrastructure fund and major borrowing reforms on Thursday, a move that could reshape Europes largest economy. Friedrich Merz, the conservative leader who won last...

Walmart Faces Scrutiny in China Over Supplier Price Cuts Amid Tariffs

Chinese officials met with Walmart (NYSE:WMT) this week to address reports that the U.S. retailer pressured Chinese suppliers to cut prices to offset U.S. tariffs. The meeting, held on March 11, was confirmed by Walmart...

G7 Foreign Ministers Meet Amid Rising Tensions Over Ukraine, Tariffs, and US Policy Shifts

Foreign ministers from the G7Britain, Canada, France, Germany, Italy, Japan, and the U.S.along with the EU, gather in La Malbaie, Canada, for crucial talks as tensions rise over U.S. foreign policy shifts under President...

Science

Leonardo da Vinci’s incredible studies of human anatomy still don’t get the recognition they deserve

Wikimedia, CC BY-SA The mere mention of Leonardo da Vinci evokes genius. We know him as a polymath whose interests spanned astronomy, geology, hydrology, engineering and physics. As a painter, his Mona Lisa and Last Supper...

One of the largest searches for alien life started 30 years ago. Its legacy lives on today

In February 1995, a small research organisation known as the SETI Institute launched what was then the most comprehensive search for an answer to a centuries-old question: are we alone in the universe? This Sunday marks...

South African telescope discovers a giant galaxy that’s 32 times bigger than Earth’s

Inkathazos glowing plasma jets are shown in red and yellow. The starlight from other surrounding galaxies can be seen in the background. K.K.L Charlton (UCT), MeerKAT, HSC, CARTA, IDIA, CC BY You may not know it, but right...

It’s science, not fiction: high-tech drones may soon be fighting bushfires in Australia

Picture this. Its a summer evening in Australia. A dry lightning storm is about to sweep across remote, tinder-dry bushland. The next day is forecast to be hot and windy. A lightning strike tonight could spark a fire that...

Earth is bombarded with rocks from space – but who gets to keep these ultimate antiques?

Every day, about 48.5 tonnes of space rock hurtle towards Earth. Meteorites that fall into the ocean are never recovered. But the ones that crash on land can spark debates about legal ownership. Globally, meteorite hunting...

Technology

WeRide Expands Robotaxi Services in Beijing After Securing Key Permit

WeRide Corp (NASDAQ: WRD) has received approval to launch commercial robotaxi services in Beijing, marking a significant milestone in its autonomous ride-hailing expansion. The newly granted permit allows WeRide to operate...

SpaceX Delays NASA Crew-10 Launch Amid Technical Issue, Stranded Astronauts Await Return

SpaceX postponed the NASA Crew-10 mission set to bring back astronauts stranded on the International Space Station (ISS), citing a technical issue. The launch, originally scheduled for Wednesday night from Kennedy Space...

AI Boom Fuels 10% Growth in Semiconductor Market for 2025, but Challenges Remain

The global semiconductor market is set to grow 9.5% in 2025, driven by soaring demand for AI and data center chips, according to ING analysts. While this growth lags the 11.2% forecast by the World Semiconductor Trade...

TSMC Proposes Joint Venture to Run Intel’s U.S. Foundry with Nvidia, AMD, and Broadcom

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) is in early talks with Nvidia (NASDAQ:NVDA), AMD (NASDAQ:AMD), Broadcom (NASDAQ:AVGO), and Qualcomm (NASDAQ:QCOM) to form a joint venture (JV) to manage Intels...

Salesforce Invests $1B in Singapore to Advance AI and Digital Innovation

Salesforce (NYSE:CRM) is making a major investment in Singapore, pledging $1 billion over the next five years to accelerate artificial intelligence (AI) development and digital transformation. The move reinforces the...