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Digital Currency Revolution

China on Crypto Alert: Ex-Finance Minister Sounds Off After US Bitcoin ETF Shift

Sep 29, 2024 12:03 pm UTC| Digital Currency Technology Business

Lou Jiwei, Chinas former finance minister, has called for a thorough examination of cryptocurrency implications after the US approved Bitcoin ETFs, warning that digital currencies could destabilize global markets due to...

Digital Currency Revolution

Shiba Inu Among Worst Performers While Meme Coin Rivals Surge—What's Happening to SHIB?

Sep 29, 2024 11:47 am UTC| Digital Currency Technology Business

Shiba Inu has tumbled by over 3% in the past 24 hours, making it one of the worst-performing tokens. This comes after a significant 34% rally, leaving holders to wonder if the dip is merely a correction or a sign of...

Digital Currency Revolution

Billionaire Bitcoiner Flees UK Over Offshore Tax Changes, Settles in Crypto-Powered Swiss City

Sep 29, 2024 11:23 am UTC| Digital Currency Technology Business

A high-profile billionaire Bitcoiner has escaped the UKs upcoming tax changes, opting to settle in Lugano, Switzerland, a Bitcoin-friendly town. The UKs tighter tax rules on offshore assets have pushed many top investors...

Big lithium plans for Imperial Valley, one of California’s poorest regions, raise a bigger question: Who should benefit?

Sep 29, 2024 10:23 am UTC| Technology Business

Imperial County consistently ranks among the most economically distressed places in California. Its Salton Sea, the states biggest and most toxic lake, is an environmental disaster. And the regions politics have been...

‘We nicknamed it Eddy’: what do schools and teachers think of AI in classrooms?

Sep 29, 2024 10:14 am UTC| Technology

Its almost two years since ChatGPT burst onto the scene in late 2022. Since then, educators worldwide have been grappling with what generative artificial intelligence might mean for classrooms and learning. ChatGPT has...

Apple Withdraws from OpenAI Investment Talks Ahead of $6.5 Billion Funding Round: WSJ Reports

Sep 29, 2024 00:45 am UTC| Technology Business

Apple has reportedly pulled out of negotiations to join OpenAIs $6.5 billion funding round, according to The Wall Street Journal. The decision leaves Microsoft and Nvidia as potential key investors in OpenAI, which is...

Tesla’s $25K Compact Car Could Drive Bigger Stock Gains Than Robotaxi, Analyst Predicts

Sep 29, 2024 00:41 am UTC| Technology Science

As anticipation builds for Teslas Robotaxi, some analysts believe the companys upcoming $25,000 compact car will have a more significant impact on its stock. Gary Black of The Future Fund argues that entering the...

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Economy

Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High

Gold prices slipped in Asian trading on Thursday as investors evaluated the Federal Reserves latest policy signals, which combined a widely expected interest rate cut with a surprisingly dovish move to boost liquidity. The...

Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure

Asian currencies traded cautiously on Thursday after the U.S. Federal Reserve delivered a widely expected 25-basis-point rate cut but paired it with a hawkish outlook. The Fed lowered its benchmark rate to 3.50%-3.75%,...

BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025

The Bank of Japan is widely expected to raise interest rates by 25 basis points to 0.75% at its December 1819 meeting, according to a new Reuters poll that shows growing confidence in the central banks shift away from...

Australia’s Labour Market Weakens as November Employment Drops Sharply

Australias labour market showed clear signs of cooling in November, with national employment falling by the most in nine months. According to the Australian Bureau of Statistics, total employment declined by 23,100 jobs,...

Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries

Mexico has taken a decisive step to strengthen its domestic manufacturing sector by approving significant tariff hikes on a wide range of imports from China and several other Asian countries. The Senate passed the measure...

Politics

U.S. Expands Sanctions on Venezuela, Targeting Maduro Family and Oil Tankers

The United States on Thursday announced a new round of sanctions against Venezuela, significantly escalating pressure on President Nicolás Maduros government by targeting members of the first family, oil tankers,...

Thailand Moves Toward Early Elections After Parliament Dissolution

Thailand is heading toward early elections after Prime Minister Anutin Charnvirakul announced the dissolution of parliament, saying he is returning power to the people. The decision accelerates the countrys election...

Environmental Group Sues to Block Trump Image on U.S. National Park Passes

An environmental organization has filed a lawsuit to stop the U.S. Interior Department from placing an image of former President Donald Trump on next years America the Beautiful annual national park pass. The Center for...

Trump Administration Unveils High-Priced “Trump Gold Card” Visa Program

The Trump administration has officially introduced the Trump Gold Card, a premium visa program that offers non-U.S. citizens an expedited pathway to live and work in the United Statesat a steep cost. Launched through...

Australia’s Under-16 Social Media Ban Sparks Global Debate and Early Challenges

Australias groundbreaking ban on social media use for children under 16 has entered its first days with both praise and pushback, as Prime Minister Anthony Albanese acknowledged the rollout would not be flawless. The law,...

Science

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...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand

South Koreas leading memory-chip producer SK Hynix is exploring a potential listing on the U.S. stock market through American Depositary Receipts (ADRs), according to a regulatory filing released Wednesday. The company...

SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters

SoftBank Group shares dropped sharply on Thursday, leading declines across Japanese markets, after Oracles mixed quarterly earnings reignited concerns about soaring artificial intelligence investments. SoftBank (TYO:9984)...

SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans

Elon Musk signaled that SpaceX is moving closer to a long-anticipated initial public offering, confirming on Wednesday that reports of an upcoming IPO were accurate. His response came after Ars Technica editor Eric Berger...

Nvidia Develops New Location-Verification Technology for AI Chips

Nvidia has confirmed the development of a new location-verification technology designed to help identify the country where its AI chips are being used, a move aimed at curbing the smuggling of advanced processors into...

EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute

The General Court of the European Union has significantly reduced Intels antitrust fine, lowering it from the previously imposed 376 million to 237.1 million ($438 million to $276 million). The ruling, issued Wednesday,...