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Digital Currency Revolution

Huobi Associates With The Bandwagon of Kakao’s Klaytn Global Blockchain Governance Council

Feb 11, 2020 07:14 am UTC| Research & Analysis Digital Currency Commentary

Huobi Global has announced that it is joining in the Governance Council of Klaytn, the leading blockchain project led by Internet giant Kakao of South Korea. Klaytn Governance Council is an alliance of multinational...

TWD likely to prop up in weeks ahead, together with early signs of stabilization: Scotiabank

Feb 11, 2020 06:14 am UTC| Commentary Economy

The TWD is expected to prop up in weeks ahead owing to renewed equity inflows and continued repatriation of investment, together with early signs of stabilizing and improving coronavirus situation in China, according to...

FxWirePro: Asian markets in green, gold slips below $1,570 mark

Feb 11, 2020 04:57 am UTC| Commentary

All the major Asian indices were trading on a higher note on Tuesday. Gold was trading around $1,568 mark while silver was trading flat around $17.75 mark. Japanese banks will be closed in observance of National...

Canadian new housing construction rises in January, residential investment to support overall growth in 2020

Feb 10, 2020 18:29 pm UTC| Commentary

Canadian new housing construction rose 8.8 percent sequentially in January to 213.2k units. The print surpassed market expectations of 205k starts in the month. The rise was mainly seen in multi-family starts, which rose...

U.K. economic growth likely decelerated in Q4 2019 - Wells Fargo

Feb 10, 2020 16:43 pm UTC| Commentary

The U.K. GDP growth data for the fourth quarter is set to release tomorrow. According to a Wells Fargo research report, the U.K. economy likely finished 2019 on a soft note, partially due to Brexit uncertainty and ahead of...

Italian industrial production falls further in January

Feb 10, 2020 14:18 pm UTC| Commentary

The Italian industrial production output shrank in the month of January. According to Istat, the seasonally adjusted industrial production index dropped 2.7 percent sequentially. Consensus expectations were for the...

Danish headline inflation slows down in January, likely to move slightly higher in remainder of 2020

Feb 10, 2020 13:45 pm UTC| Commentary

Denmarks headline inflation came in a bit below expectations in the month of January. On a sequential basis, the consumer price inflation rose 0.1 percent. Most of the subcomponents contributed positively, but the usual...

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Economy

China Factory Activity Slips in January as Weak Demand Weighs on Growth Outlook

Chinas factory activity contracted at the start of the year, highlighting persistent pressure from weak domestic demand despite continued policy support from Beijing. An official survey released on Saturday showed that...

U.S. Government Faces Brief Shutdown as Congress Delays Funding Deal

The United States government was on track for a partial shutdown early Saturday after Congress failed to finalize a funding agreement before the midnight deadline. Although the U.S. Senate ultimately passed a bipartisan...

Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair

Gold and silver prices suffered a dramatic selloff on Friday after President Donald Trump nominated former Federal Reserve Governor Kevin Warsh to replace Jerome Powell as Fed chair, easing fears about the central banks...

Wall Street Slides as Warsh Fed Nomination, Hot Inflation, and Precious Metals Rout Shake Markets

Wall Street ended Friday on a weaker note as risk-off sentiment dominated trading, driven by hotter-than-expected U.S. inflation data, a dramatic sell-off in precious metals, and major political developments surrounding...

Asian Currencies Hold Firm as Dollar Rebounds on Fed Chair Nomination Hopes

Asian currencies traded in a narrow range on Friday as the U.S. dollar rebounded modestly from a near four-year low, following comments from U.S. President Donald Trump that he would announce his nominee for the next...

Politics

Venezuela Proposes Amnesty Law and Plans to Transform Helicoide Prison

Venezuelas interim president Delcy Rodríguez announced on Friday a proposed amnesty law aimed at releasing hundreds of prisoners and easing political tensions in the country. Speaking at an event held at the Supreme...

U.S. Approves Over $6.5 Billion in Military Sales to Israel Across Three Defense Contracts

The United States has approved more than $6.5 billion in potential military sales to Israel through three separate defense contracts, according to announcements released by the Pentagon on Friday. The approvals, granted by...

Syria-Kurdish Ceasefire Marks Historic Step Toward National Unity

The Syrian government and Kurdish-led forces have reached a landmark ceasefire agreement that sets out a phased integration of Kurdish fighters into state institutions, easing fears of a major military confrontation in...

Putin Envoy Kirill Dmitriev to Visit Miami for Talks With Trump Administration Officials

Russian President Vladimir Putins special envoy, Kirill Dmitriev, is expected to travel to Miami on Saturday for meetings with members of U.S. President Donald Trumps administration, according to two sources familiar with...

Kevin Warsh’s Fed Nomination Raises Questions Over Corporate Ties and U.S.–South Korea Trade Tensions

Kevin Warsh, President Donald Trumps nominee to lead the Federal Reserve, is drawing renewed scrutiny over his corporate affiliations as trade tensions between the United States and South Korea escalate. Warsh, a former...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

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...

Technology

Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate

Speculation around a potential Musk Inc has resurfaced as Elon Musks companiesSpaceX, Tesla, and xAIexplore closer ties amid rapid advances in artificial intelligence and automation. With SpaceX expected to go public later...

SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz

SpaceX delivered a strong financial performance last year, generating an estimated $8 billion in profit on revenues between $15 billion and $16 billion, according to people familiar with the companys results. The figures,...

SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom

SpaceX has revised its Starlink privacy policy to allow customer data to be used for artificial intelligence training, a move that could significantly support Elon Musks broader AI ambitions. The policy change comes as...

Nvidia’s $100 Billion OpenAI Investment Faces Internal Doubts, Report Says

Nvidias ambitious plan to invest up to $100 billion in OpenAI, aimed at supporting the training and operation of next-generation artificial intelligence models, has reportedly hit a roadblock. According to a report...

Federal Judge Signals Possible Dismissal of xAI Lawsuit Against OpenAI

A U.S. federal judge has signaled she may dismiss a high-profile lawsuit filed by Elon Musks artificial intelligence startup, xAI, against rival OpenAI, dealing a potential setback to Musk in an escalating legal battle...