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Cryptocurrency Brief: Bitcoin, Altcoins suffer as EU prepares for tighter crypto regulations, Yahoo Finance launches trading support, Litecoin Summit scheduled on September 14-15 – Thursday, August 30th, 2018

Aug 30, 2018 11:03 am UTC| Commentary Digital Currency Market Roundups Economy

BTC/USD: Bitcoin again started to slide during European session Thursday as investors changed side to engage in a sell-off, after making a move to cross the $7,000 mark and is currently hovering tad below the psychological...

Global Geopolitical Series: U.S. initiates investigation into 12-16.5 inch steel wheels from China

Aug 30, 2018 10:25 am UTC| Commentary Economy

The United States is gradually tilting the level playing field towards balance as the Commerce Department continues to crack down on unfair trade policies pursued by other countries, especially by China. Based on a...

Global Geopolitical Series: U.S. slaps CVD on Glycine from China, Thailand, and India

Aug 30, 2018 10:04 am UTC| Commentary Economy

Yesterday, the U.S. Commerce Department concluded its preliminary investigations into imports of Glycine from India, Thailand, and China and it has found that exporters are receiving countervailable subsidies at the...

Australia building approvals sharply fall in July, AUD/USD remains subdued

Aug 30, 2018 08:25 am UTC| Commentary Economy

Australias building approvals were down sharply in July, largely in payback from the strong gain in June and as we expected. Apartments drove the bulk of the fall, again as expected given the strength of this category in...

New Zealand 10-year bond yield closes at 2-year low after business confidence rock-bottoms in a decade

Aug 30, 2018 07:03 am UTC| Commentary Economy

The New Zealand 10-year bond yield closed at a 2-low low Thursday after the countrys business confidence worsened in a decade, thus weighing on investors sentiments and leading to a rise in debt prices. At the time of...

JGBs fall after July retail sales beat market expectations; industrial production, unemployment rate in focus

Aug 30, 2018 06:10 am UTC| Commentary Economy

Japanese government bonds fell Thursday after the countrys retail sales for the month of July beat market expectations, albeit down from the previous reading in June, also revised lower. Investors will now wait to watch...

Australian bonds lose ground tracking U.S. peer on supply overflow post large Treasury auction

Aug 30, 2018 04:54 am UTC| Commentary Economy

Australian bond yields fell during Asian session Thursday, tracking a similar movement in U.S. counterpart following an oversupply in the debt market after the United States Treasury department auctioned off $31 billion in...

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Economy

Taiwan Stock Market Ends Higher as Semiconductor and Energy Shares Lead Gains

Taiwan stocks closed higher on Thursday, supported by broad-based gains across key sectors including semiconductors, oil, gas and electricity, as well as construction. The Taiwan Stock Exchange Weighted Index finished the...

BOJ Governor Signals Gradual Rate Hikes as Japan’s Inflation Nears 2% Target

Bank of Japan Governor Kazuo Ueda said Japans underlying inflation is steadily accelerating and moving closer to the central banks long-standing 2% target, reinforcing expectations that interest rate hikes will continue if...

UBS Warns of Short-Term Risks as Precious Metals Rally to Record Highs

Gold, silver, and platinum have surged to fresh record highs heading into the year-end holiday period, drawing strong attention across global commodity markets. However, UBS is urging investors to exercise caution, warning...

Japan Revises Economic Growth Forecast as Stimulus Fuels Consumption and Investment

Japans government has revised upward its economic growth forecast for the fiscal year ending next March and projected faster expansion in the following year, citing the positive impact of a large-scale stimulus package...

U.S. Stocks Rally to Record Highs as AI Rebound Fuels Holiday-Shortened Session

U.S. stocks closed higher on Wednesday, with the Dow Jones Industrial Average and the SP 500 finishing at record closing highs during a broad-based rally in a holiday-shortened trading session. All three major indexes...

Politics

U.S. Prioritizes Economic Pressure With Venezuelan Oil Quarantine as Sanctions Intensify

The United States has shifted its near-term military focus toward enforcing a so-called quarantine on Venezuelan oil exports, signaling a strategy that prioritizes economic pressure over direct military confrontation....

Hanwha Signals Readiness to Build Nuclear-Powered Submarines at Philly Shipyard for U.S. Navy

Hanwha Group has announced that its Philadelphia-based shipyard has the technical capability to build nuclear-powered submarines for the U.S. Navy, highlighting the South Korean conglomerates growing ambitions in the...

China’s One-Child Policy Legacy Resurfaces After Death of Former Population Chief

The death of Peng Peiyun, a former senior Chinese official who oversaw the countrys one-child policy for a decade, has reignited fierce debate on Chinese social media about the long-term impact of the controversial...

Christmas Eve Jazz Concert Canceled After Kennedy Center Renaming to Include Trump

A planned Christmas Eve jazz concert at the Kennedy Center in Washington, D.C., has been canceled following a controversial decision to rename the iconic performing arts institution to include the name of Republican U.S....

Palau Agrees to Accept Up to 75 U.S.-Transferred Migrants in Deal Tied to Increased American Aid

Palau has agreed to accept up to 75 migrants transferred from the United States after signing a memorandum of understanding (MOU) with Washington, a move that has drawn international attention amid ongoing debate over U.S....

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

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...

Technology

Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance

NVIDIA (NASDAQ: NVDA) has reportedly agreed to acquire Groq, a fast-growing designer of high-performance artificial intelligence accelerator chips, in a $20 billion all-cash transaction, according to a CNBC report. The...

Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling

A federal judge in Texas has blocked the enforcement of a new state law that would have required app stores and developers to verify users ages, marking a significant legal win for major technology companies and digital...

FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement

The U.S. Federal Trade Commission has welcomed Instacarts decision to end its artificial intelligence-based price testing, a move that follows weeks of consumer backlash and regulatory scrutiny. FTC Chair Andrew Ferguson...

John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training

Investigative journalist John Carreyrou, widely known for exposing fraud at Silicon Valley blood-testing startup Theranos and for authoring the bestselling book Bad Blood, has filed a new copyright infringement lawsuit...

Italy Fines Apple €98.6 Million Over App Store Dominance

Italys competition authority has imposed a 98.6 million ($115.53 million) fine on U.S. technology giant Apple and two of its subsidiaries, citing alleged abuse of a dominant market position related to the distribution of...