Billionaire tech mogul Elon Musk has held private discussions with allies about how British prime minister Sir Keir Starmer could be unseated before the next general election, according to a report by The Financial Times. Musk, the world’s richest man and key confidant of US president-elect Donald Trump, is probing…
New economic data released this week paints a picture of a US labor market that is continuing to cool, with hiring slowing down, but layoffs remaining remarkably low. This unique combination of factors suggests a period of relative stability in the job market, although the longer-term trajectory remains uncertain. Hiring…
Gold prices rose on Thursday as increased safe-haven demand supported sentiments for the yellow metal. Uncertainty about US President-elect Donald Trump’s trade tariff plans have fuelled safe-haven demand for gold, according to experts. At the time of writing, the February gold contract on COMEX was at $2,693.66 per ounce, up…
In December 2024, Mexico’s annual inflation rate dropped to a nearly four-year low of 4.21%, representing a notable decline of 0.34% from 4.55% in November. The inflation rate below market expectations remains quite astounding as they had predicted a rate of 4.28%, according to data released by Mexico’s Instituto Nacional…
A fast-moving wildfire freshly tore through the Hollywood Hills early Thursday, threatening a region synonymous with the American film industry. The blaze added to the strain on millions of Los Angeles residents already grappling with devastating fires that have decimated entire neighborhoods and turned the skies into a smoky, ember-filled…
MicroStrategy (MSTR) has become the poster child for Bitcoin investment, with its shares surging over 450% in the past year, outperforming Bitcoin itself, which has doubled since January 2024. Wall Street analysts have also remained bullish on the MSTR stock. The consensus price target for the company’s stock is just…
Several major tech companies and executives are making donations to President-elect Donald Trump’s inauguration fund, signaling a shift in tone as his second term approaches. Microsoft Corp., Alphabet Inc.’s Google, and Adobe Inc. have each pledged $1 million, joining other industry giants like Amazon.com Inc., Meta Platforms Inc., and OpenAI…
Bitcoin, the world’s largest cryptocurrency, continued its downward trend on Thursday, touching its lowest level since November as it traded as low as $92,500. This decline comes after a period of significant gains following President-elect Donald Trump’s victory in early November, which had fueled a surge in crypto-related assets and…
Rolls-Royce CEO Chris Brownridge, like many importers, is aware of President-elect Donald Trump’s plans to impose a range of tariffs on various countries. However, he remains unperturbed, citing that business has rarely been better for the luxury carmaker, whose products start at $370,000. The company’s resilience, particularly in the face…
MicroStrategy (MSTR) has become the poster child for Bitcoin investment, with its shares surging over 450% in the past year, outperforming Bitcoin itself, which has doubled since January 2024. Wall Street analysts have also remained bullish on the MSTR stock. The consensus price target for the company’s stock is just…