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Thu, Apr 09, 2026 11:49 AM All times are UTC

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Tesla Shareholders Contest $1.44 Billion Legal Fees in Musk Compensation Case

Jul 09, 2024 20:46 pm UTC| Business Technology

Tesla shareholders are set to appear in court to dispute a $1.44 billion attorney fee request related to CEO Elon Musks invalidated $56 billion compensation plan. The fee demand, initially $7.2 billion, has sparked...

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...

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Economy

Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes

Brent crude oil prices have tumbled more than 11% this week after the United States and Iran agreed to a two-week ceasefire, raising hopes that the Strait of Hormuz one of the worlds most critical oil shipping lanes ...

Bank of Japan Governor Signals Accommodative Stance Amid Negative Real Rates

Bank of Japan Governor Kazuo Ueda reaffirmed on Thursday that Japans real interest rates remain firmly in negative territory, signaling that the countrys financial conditions continue to support economic growth. His...

Japan Consumer Confidence Drops Sharply Amid Rising Fuel Costs and Middle East Tensions

Japans consumer confidence took a significant hit in March, declining for the first time in three months as escalating fuel costs linked to the ongoing Middle East conflict continued to weigh heavily on the countrys...

China Set to Exit Deflation Cycle in Early 2026, ANZ Analysts Say

China may be closer to ending its prolonged deflationary period than financial markets currently anticipate, according to a recent note from ANZ analysts. The bank projects that three key price indicators the producer...

Asian Currencies Hold Steady as Middle East Ceasefire Doubts Weigh on Markets

Asian currencies showed little movement on Thursday following strong gains in the prior session, as investor caution mounted over the stability of a U.S.-Iran ceasefire deal amid escalating Middle East tensions. The U.S....

Politics

Trump Warns Iran: No Deal Means Military Action as U.S. Forces Hold Position

President Donald Trump escalated tensions with Iran on Wednesday, declaring that all U.S. military assets including ships, aircraft, and personnel would remain stationed in the region until a formal agreement with Tehran...

U.S. Pushes for Crypto Regulation to Keep Digital Asset Growth at Home

Treasury Secretary Scott Bessent is calling on Congress to pass landmark federal cryptocurrency legislation, warning that regulatory uncertainty is pushing blockchain innovation and investment out of the United States. In...

North Korea Tests Advanced Cluster Bombs, Electromagnetic Weapons in Latest Military Display

North Korea has conducted a series of weapons tests this week, showcasing cutting-edge military technology including cluster-bomb warheads, electromagnetic weapons, and carbon-fibre bombs, according to state media outlet...

Trump Pardon Clears Juan Orlando Hernández as U.S. Court Dismisses Drug Conviction Appeal

A U.S. federal appeals court has dismissed the case against former Honduran President Juan Orlando Hernández, vacating his prior conviction following a presidential pardon granted by Donald Trump in December. The...

Taiwan Defense Budget: U.S. Senator Urges Legislature to Pass Spending Plan

Republican Senator Jim Banks visited Taipei and delivered a direct message to Taiwans President Lai Ching-te: the islands parliament must stop stalling and approve a proposed special defense budget. Banks, a member of the...

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

Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth

Bank of America has spotlighted a select group of Asia-Pacific semiconductor companies well-positioned to ride the wave of surging artificial intelligence chip demand, with Taiwan Semiconductor Manufacturing Company...

China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs

Chinese artificial intelligence stocks continued their remarkable rally on Thursday, with Zhipu AI and MiniMax Group posting strong gains in Hong Kong trading as a wave of new model launches and product announcements...

Bendigo and Adelaide Bank Posts Strong Q3 Earnings, Announces AI-Driven Job Cuts

Bendigo and Adelaide Bank delivered an impressive financial performance in its third quarter, reporting a 12.8% surge in cash earnings to A$137.9 million for the three months ending March 31. The result came in roughly 12%...

Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses

Alibabas Hong Kong-listed shares (HK:9988) dropped 2.9% to HK$122.70 on Thursday, emerging as one of the heaviest drags on the Hang Seng Index, which closed 0.6% lower. The selloff came after investment bank Jefferies...

Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles

A federal appeals court in Washington, D.C., has refused to halt the Pentagons national security blacklisting of AI company Anthropic, delivering a temporary win for the Trump administration. The ruling comes as another...