Bitcoin jumped nearly 4% in the past day to trade above $60.42K at press time. Enhanced sentiments toward the upcoming Federal rate decision, the US economy, and US Bitcoin spot ETF flows drove BTC’s jump. The current broad market sentiment positions Bitcoin for a remarkable uptick to $70K, triggering solid…
Central Europe is facing devastating economic losses following the catastrophic floods caused by Storm Boris, with preliminary estimates suggesting the damage could surpass €1 billion. The full extent of the costs remains unclear as torrential rains continue to impact the region, leaving behind a rising death toll and widespread destruction.…
China’s drive for self-reliance in the semiconductor industry is accelerating, largely in response to increasing US sanctions and the rapid expansion of artificial intelligence (AI). These sanctions, aimed at limiting China’s access to advanced US chips, have spurred Chinese tech giants and start-ups to develop homegrown alternatives to global leaders…
Amazon.com Inc (NASDAQ: AMZN) is increasingly becoming the go-to store for everyday items like dish soap and paper towels, thanks to the convenience of same-day or next-day delivery. As more consumers turn to Amazon for household essentials, this shift might seem like a win for the company—but investors may not…
Canada’s annual inflation rate eased to 2% in August 2024, the lowest level since February 2021, marking a significant milestone in the country’s economic trajectory. The figure not only falls slightly below the projected 2.1% but also aligns with the Bank of Canada’s inflation target for the first time in…
Pakistan’s recent discovery of oil and gas reserves, potentially among the largest globally, has sparked significant interest in its economic potential. The newfound reserves could transform the country’s energy landscape, offering a potential substitute for expensive LNG and imported oil. However, despite the promising outlook, global oil companies remain hesitant…
China’s centi-millionaire population—individuals with investable assets of $100 million or more—has surged by an astonishing 108% over the past decade, outpacing global and US growth rates. According to a new report by New World Wealth and Henley & Partners, this remarkable increase highlights China’s booming tech and industrial sectors as…
Mullen Automotive Inc (NASDAQ: MULN) jumped as much as 10% on Tuesday after announcing a new agreement with Pape Kenworth – one of the leading commercial vehicle dealers in the United States. Pape Kenworth currently has a footprint in 9 states and employs 1,500 technicians across 815 service bays and…
Meta, the parent company of Instagram, is introducing a new account setting specifically designed for users under the age of 18 in a bid to improve safety on its platform. Beginning Tuesday, teenagers in the US, UK, Canada, and Australia will automatically be placed in a restricted “teen account” with…
American workers have faced an uphill battle over the past few years, as wages continue to lag behind the persistent rise in prices. Despite signs that inflation is cooling from its pandemic-era highs, the gap between what employees earn and the cost of living remains a significant concern. For many,…