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Apple, Tesla and Nvidia were among 2023's 'magnificent seven' stocks – here's what to expect from them all in 2024

Dec 26, 2023 23:07 pm UTC| Economy Investing

In the 1960 western The Magnificent Seven, a group of seven gunfighters protect a village from bandits. Only three survive to ride out of town at the end of the movie. The odds look much better for the seven tech companies...

Digital Currency Revolution

Sotheby’s Auction House Reveals $35M Worth of Digital Tokens Sold in 2023

Dec 26, 2023 09:44 am UTC| Business Digital Currency Investing

Sothebys, a premier auction house, said it sold almost $35 million worth of digital art for 2023 alone. The British-founded company noted that with this number of sales, the year was definitely one of the most exciting...

Digital Currency Revolution

Starbucks Korea Set to Drop New NFTs in January

Dec 26, 2023 09:30 am UTC| Business Digital Currency Investing

Starbucks Korea launched its loyalty program on Polygon in December of last year, and now it said it will begin issuing NFTs on said blockchain platform next month. The coffee chain explained that this move is part of its...

Japan Revises Tax Regime for Cryptocurrency Holdings, Offering Relief to Corporations

Dec 25, 2023 09:54 am UTC| Business Digital Currency Investing

Japans government has approved a revision to the national tax regime for digital assets, granting Japanese firms exemption from paying taxes on unrealized gains from cryptocurrency holdings starting April 1, 2024. The...

Digital Currency Revolution

Core Scientific Blockchain Firm Expects to Exit From Bankruptcy Next Month

Dec 22, 2023 09:23 am UTC| Business Digital Currency Investing

Core Scientific Inc., a blockchain, artificial intelligence (AI) hosting, transaction processing, and application development firm headquartered in Austin, Texas, is expected to come out of bankruptcy. This news emerged...

Digital Currency Revolution

Coinbase Secures Registration with French Markets Regulator, Expands Services in Europe

Dec 22, 2023 06:58 am UTC| Business Digital Currency Investing

Cryptocurrency exchange Coinbase has confirmed its registration with the French markets regulator, VASP, marking a significant step towards expanding its services in Europe. The VASP approval granted by Frances AMF...

Digital Currency Revolution

Ripple Secures Central Bank of Ireland’s Approval for Digital Asset Service Operations

Dec 21, 2023 08:27 am UTC| Business Digital Currency Investing

Ripple Labs, Inc. managed to get the approval of the Central Bank of Ireland so it can legally offer its services as it operates as a digital asset service provider in Ireland. With authorization from the Irish monetary...

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Economy

Morgan Stanley Warns Against Overestimating EV Demand Boost from Rising Oil Prices

Morgan Stanley is urging caution among investors who believe that surging oil prices will automatically trigger a rapid recovery for South Korean battery manufacturers. While recent headlines have painted an optimistic...

Australia Extends Fuel Sulphur Relaxation Amid Iran War Supply Disruptions

Australia has extended its temporary easing of fuel-quality standards through September, as ongoing disruptions from the Iran war continue to strain the countrys fuel supply chains. Energy Minister Chris Bowen confirmed...

Stocks Surge as Strait of Hormuz Reopens, Oil Prices Plunge

U.S. stock markets closed sharply higher on Friday as easing Middle East tensions and the temporary reopening of the Strait of Hormuz sent investor confidence soaring. The SP 500 gained 1.2% to finish at 7,125.36, the...

Oil Prices Plunge as Strait of Hormuz Reopens Amid U.S.-Iran Ceasefire Talks

Global oil prices fell sharply on Friday after Iran and the United States jointly announced the temporary reopening of the Strait of Hormuz, easing fears over a major disruption to the worlds oil supply. Brent crude...

IMF Warns Middle East War to Deepen Economic Divide Across Latin America and Caribbean

The ongoing Middle East conflict is expected to widen economic inequality across Latin America and the Caribbean, according to the International Monetary Fund. While oil-exporting nations stand to gain short-term...

Politics

North Korea Fires Multiple Ballistic Missiles Amid Growing Nuclear Ambitions

North Korea launched several ballistic missiles toward the sea off its eastern coast on Sunday, according to South Korea and Japan, marking Pyongyangs seventh ballistic missile test this year and its fourth in April alone....

U.S.-Iran Tensions Escalate as Hormuz Crisis Deepens Amid Ceasefire Strains

Fragile ceasefire negotiations between the United States and Iran are facing serious pressure after a dramatic weekend of escalating confrontations in and around the Strait of Hormuz. New reporting from the Wall Street...

Brazil, Spain, and Mexico Unite to Support Cuba Amid U.S. Blockade

During a high-profile international summit held in Barcelona, the leaders of Brazil, Spain, and Mexico came together to announce a strengthened commitment to providing coordinated humanitarian aid to Cuba. The meeting,...

Trump's Iran Claims Spark Market Confusion Over Strait of Hormuz

Global financial markets and world leaders are navigating a wave of cautious optimism mixed with uncertainty after President Donald Trump announced a breakthrough in U.S.-Iran negotiations, including what he described as...

Anthropic CEO Meets Trump Officials to Discuss Powerful New AI Model Mythos

Anthropic CEO Dario Amodei sat down with senior Trump administration officials last Friday in what analysts are calling a pivotal move to repair a strained relationship between the AI company and the federal government....

Science

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

Iran’s AI memes are reaching people who don’t follow the news – and winning the propaganda war

A Lego-style Iranian military commander raps over a gangster beat: Our inbox is flooded with Americans saying they dont watch the news. They listen to our songs instead since your media is full of shit. This is the opening...

Apple Wins ITC Ruling, Keeping Blood-Oxygen Feature on Apple Watch

A U.S. trade tribunal sided with Apple on Friday, rejecting Masimo Corporations push to reinstate an import ban on Apple Watch. The U.S. International Trade Commission chose not to review an earlier judges ruling that...

OpenAI's $20 Billion Cerebras Deal Signals Massive AI Infrastructure Push

OpenAI is reportedly set to spend over $20 billion with AI chip startup Cerebras over the next three years, marking a significant expansion of an already substantial computing partnership. According to The Information, the...

Tesla's Terafab: AI Chip Factory Eyes Taiwan's Semiconductor Talent

Tesla is actively recruiting semiconductor engineers in Taiwan for its ambitious Terafab project a fully vertically integrated AI chip manufacturing facility that aims to consolidate logic, memory, packaging, testing, and...

Japan to Subsidize Sony's Image Sensor Plant in Kumamoto with $380 Million

The Japanese government has announced plans to provide Sony with subsidies of up to 60 billion yen, equivalent to approximately $380 million, to support the construction of an image sensor manufacturing facility in...