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AI Hype Mirrors Dot-Com Bubble, Warns Veteran Analyst James Ferguson

Jul 09, 2024 20:42 pm UTC| Technology

James Ferguson, founding partner of MicroStrategy Partnership, warns that the current AI hype has created a market bubble akin to the dot-com era. He suggests that AIs unproven applications and high energy consumption...

Tesla Employees Allege FSD Favoritism: Musk's Optimized Routes for VIPs 'Felt Dishonest'

Jul 09, 2024 18:57 pm UTC| Technology Business

Tesla employees allege Elon Musk optimized routes for VIPs and influencers, creating biased FSD performance. It felt dishonest, they said. Insiders at Tesla believe that the CEO, Elon Musk, optimized the routes that he...

Apple, TSMC Begin 2nm Chip Trials for iPhone 17 and M5 Chip Next Week

Jul 09, 2024 18:19 pm UTC| Business Technology

TSMC will start trial production of 2nm chips at its Baoshan plant next week, with plans to integrate these advanced semiconductors into Apples iPhone 17 and M5 chip. Apple Targets iPhone 17 with 2nm...

Digital Currency Revolution

Shiba Inu (SHIB) Burn Rate Rises 439.9% in 24 Hours, Indicating a Positive Signal for the Market

Jul 09, 2024 17:51 pm UTC| Digital Currency Technology

Shiba Inu (SHIB) has seen a significant 439.9% increase in its burn rate over the last 24 hours, according to Shibburn data, indicating a potential positive shift for the meme coin amid market difficulties. Surge in...

Digital Currency Revolution

China’s 190k Bitcoin Reserves Exceed Germany’s: Potential Sell-Off Concerns

Jul 09, 2024 17:04 pm UTC| Digital Currency Technology

China, now holding 190k Bitcoin, surpasses Germany in reserves. Market watchers are concerned about potential sell-offs. Chinas Seized Bitcoin Holdings The Chinese government seized 27.24 million EOS coins, 830,000...

Digital Currency Revolution

Australia Greenlights Second Spot Bitcoin ETF on Stock Exchange, DigitalX Leads the Charge

Jul 09, 2024 16:43 pm UTC| Digital Currency Technology

Australias stock exchange has approved its second spot Bitcoin ETF, with DigitalX set to launch BTXX on July 12, providing regulated and direct Bitcoin access. DigitalXs Spot Bitcoin ETF to Launch on ASX According to...

When transmission lines fell, 16 electric vehicles fed power into the grid

Jul 09, 2024 10:57 am UTC| Business Technology

Electric vehicles are an increasingly common sight on Australian roads. Each one cuts carbon emissions by half compared to fossil fuel vehicles, but increases household electricity use by 50%. This extra electricity...

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Economy

Ukraine Sanctions Chief Heads to Washington to Push Russia Bill

Ukraines top sanctions official will visit Washington this week to press U.S. lawmakers to approve sweeping new Russia sanctions legislation that has already cleared the Senate but faces resistance in the House of...

Canada Backs €100 Billion Global Defence Bank

Canadian Prime Minister Mark Carney is backing a proposed global defence bank designed to help allied nations finance military expansion, although several major economies have yet to join ahead of a planned charter signing...

Brazil, US Resume Tariff Talks as Trade Tensions Persist

Brazilian and U.S. officials resumed discussions over trade tariffs on Monday, agreeing to continue negotiations in the coming weeks as both countries seek to address tensions stemming from duties imposed by the Trump...

Dollar Holds Near Two-Week High as Fed Rate Hike Bets Rise

The U.S. dollar held close to a two-week high on Monday as investors increased bets on a Federal Reserve interest rate hike following hawkish comments from Chair Kevin Warsh, while renewed tensions in the Gulf boosted...

Asian Currencies Mixed as Yen Nears 160, Oil Surges

Asian currencies traded mixed on Monday as the Japanese yen remained close to the critical 160-per-dollar level, while escalating U.S.-Iran tensions pushed oil prices higher and fueled risk aversion across financial...

Politics

Trump Says ExxonMobil Among Oil Majors Planning Venezuela Return

U.S. President Donald Trump said Monday that ExxonMobil is among several major energy companies preparing to pursue business opportunities in Venezuela as Washington pushes to revive the countrys oil industry. The...

Augusto Cury Surges in Brazil Presidential Polls

Brazilian psychiatrist and best-selling author Augusto Cury has emerged as an unexpected contender in the countrys 2026 presidential election, gaining sharply in opinion polls and challenging a race largely dominated by...

Trump Reviews U.S. Position on Falkland Islands

U.S. President Donald Trump said his administration is reviewing Washingtons position on the Falkland Islands, potentially putting renewed attention on the long-running sovereignty dispute between Britain and Argentina...

Zelenskiy, Trump Envoys Discuss Ukraine Peace Push

Ukrainian President Volodymyr Zelenskiy said Monday that he held a detailed and constructive discussion with U.S. President Donald Trumps envoys, Steve Witkoff and Jared Kushner, as Washington continues efforts to advance...

Top US General Says No Troops Planned at Polling Places

The U.S. military has no plans to deploy federal troops or National Guard personnel to polling locations during the November 2026 midterm elections, according to General Dan Caine, chairman of the Joint Chiefs of Staff....

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

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...

Technology

Apple’s Phil Schiller Steps Back as Leadership Shake-Up Accelerates

Apple veteran Phil Schiller has stepped away from overseeing the App Store and the companys high-profile product launch events, marking another major leadership change as the iPhone maker prepares for a new era under...

SpaceX Mobile Network Could Cost Up to $130 Billion, Bernstein Says

SpaceX (NASDAQ: SPCX) could spend between $50 billion and $130 billion, including spectrum costs, to develop a standalone terrestrial network supporting its direct-to-device mobile service, according to Bernstein analysts....

Faraday Future Delivers First Robots in Middle East, Plans September Launches

Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) has completed its first robotics sale and delivery in the Middle East, marking an early milestone in the electric vehicle and AI technology companys regional...

Pinterest Stock Falls as CFO Julia Brau Donnelly Resigns

Pinterest Inc. (NYSE: PINS) shares fell sharply in after-hours trading on Friday after the social media company announced the resignation of Chief Financial Officer Julia Brau Donnelly, prompting investor attention on the...

PayPal Shares Sink as $50 Billion Takeover Bid Collapses

PayPal Holdings (NASDAQ: PYPL) shares plunged in extended trading after a consortium led by private equity firm Advent International and payments giant Stripe reportedly ended its pursuit of the digital payments company....