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Tue, Jun 30, 2026 01:10 AM All times are UTC

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California Governor Newsom Vetoes AI Safety Bill Amid Industry Concerns

Sep 30, 2024 04:02 am UTC| Economy

California Governor Gavin Newsom on Sunday vetoed a closely-watched AI safety bill, expressing concerns that the bills broad scope could negatively affect innovation and AI development in the state. The bill, authored by...

Record Money Market Fund Assets Pose Reinvestment Risk Amid Rate Cut Concerns

Sep 30, 2024 03:40 am UTC| Economy

Money market fund assets have surged to record highs, exposing investors to reinvestment risk as the Federal Reserve may move toward a rate-cutting cycle. While cash holdings have provided stable returns due to higher...

Wells Fargo Analysts See Fed Rate Cut as Start of Broader Market Opportunities in 2025

Sep 30, 2024 03:22 am UTC| Economy

Wells Fargo analysts believe that the recent rate cut by the Federal Reserve is the beginning of multiple reductions aimed at fueling market growth opportunities in 2025. The bank advises focusing on the long-term...

AUDUSD and Chinese PMI data

Sep 30, 2024 03:22 am UTC| Economy

China National Bureau of Statistic Chinas Sep manufacturing PMI came at 49.8 from 49.50 previous month, compared to a forecast of 49.50. Non-manufacturing PMI declined to 50 in Sep from 50.30, expected...

Markets Brace for Key Jobs Report, Powell’s Remarks, and Q4 Turbulence

Sep 30, 2024 03:15 am UTC| Economy Central Banks

The Federal Reserve kicked off its rate-cutting cycle earlier this month with a 50-basis-point cut. The upcoming October nonfarm payrolls report, expected on Friday, will be closely watched. Economists project the U.S. to...

The government is reviewing negative gearing and capital gains tax, but this won’t be enough to fix our housing shortage

Sep 30, 2024 02:17 am UTC| Economy

Negative gearing and capital gains tax are back on the national agenda as Australians deal with a housing crisis and politicians look for ways to tackle the issue and win voters support at the upcoming election. The...

Easing Africa’s debt burdens: a fresh approach, based on an old idea

Sep 30, 2024 02:15 am UTC| Economy

The statistics are stark: 54 governments, of which 25 are African, are spending at least 10% of their revenues on servicing their debts; 48 countries, home to 3.3 billion people, are spending more on debt service than on...

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Economy

Argentina Economy Shrinks 1.5% in April, Recovery Under Milei Loses Momentum

Argentinas economy unexpectedly contracted in April, highlighting the uneven nature of the countrys recovery under President Javier Milei despite improving long-term growth prospects. Official government data released...

Global Financial Firms Shift Asia Expansion Focus to South Korea as China, India Face Caution

Global financial firms are increasingly directing their Asia-Pacific expansion plans toward South Korea while taking a more cautious approach to China and India, according to a new survey by the Asia Securities Industry ...

Trump Questions Housing Bill as He Prioritizes SAVE America Act

U.S. President Donald Trump has cast doubt on whether he will sign a bipartisan housing affordability bill, describing the legislation as a big yawn while urging Congress to prioritize separate election reforms instead....

Trump Urges Gasoline Retailers to Cut Prices to $2.50 Per Gallon, Warns of Legal Action

U.S. President Donald Trump on Monday called on gasoline retailers to immediately lower fuel prices, warning that companies could face serious consequences if they continue charging what he described as excessive prices at...

US Stock Futures Steady as Investors Await Payrolls Data and Monitor Iran Tensions

U.S. stock index futures traded little changed on Monday evening after Wall Street posted a strong rebound, led by technology stocks recovering from last weeks sharp selloff. Investors are now turning their attention to...

Politics

Israeli Airstrike Kills Three in Central Gaza Despite Ceasefire

An Israeli airstrike killed three Palestinians, including a child, in central Gaza on Monday, according to Gazas health ministry, highlighting continued violence despite a U.S.-mediated ceasefire that has officially been...

Supreme Court Backs Lisa Cook, Defends Federal Reserve Independence Against Trump Firing Attempt

Federal Reserve Governor Lisa Cook said the U.S. Supreme Courts decision to block President Donald Trumps attempt to remove her from the central bank reinforces the Federal Reserves independence and protects its ability to...

Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply

Canada has awarded C$7 million (approximately $4.93 million) in non-repayable funding to support the development of a major molybdenum mining project in Greenland, reinforcing Western efforts to secure critical mineral...

Australia, Vanuatu Sign Security Pact Amid Pacific Influence Competition

Australia and Vanuatu have officially signed a long-awaited development and security agreement, reinforcing their strategic partnership while highlighting the growing geopolitical competition for influence in the Pacific...

Serbia Protests Continue as Thousands Rally Despite Vucic’s Resignation Plan

Thousands of demonstrators gathered in the central Serbian city of Kraljevo on Sunday, maintaining pressure on President Aleksandar Vucic just one day after he announced plans to resign within weeks and trigger early...

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

Super Micro Shares Slide After Taiwan Raids Over Alleged Nvidia AI Chip Smuggling Probe

Super Micro Computer Inc. came under renewed scrutiny on Monday after Taiwanese authorities raided its local offices as part of an investigation into the alleged smuggling of Nvidia AI chips to China through the companys...

Australia Sues Amazon Over Prime Video Ads and Subscription Terms

Australias competition watchdog has launched legal action against Amazon.com Inc. (NASDAQ: AMZN), alleging the company violated Australian consumer law by using unfair contract terms to introduce advertising on its Prime...

Baige Online Shares Soar 333% in Hong Kong IPO Debut as AI Insurance Demand Lifts Chinese Listings

Chinese insurtech firm Baige Online Digital Technology Co. (HK:2672) delivered an impressive debut on the Hong Kong Stock Exchange on Monday, with its shares surging as much as 333% in early trading. The strong performance...

Baidu Shares Rally as Kunlunxin Eyes $50 Billion Hong Kong IPO

Baidu Inc. (HK:9888) shares climbed sharply on Monday after reports indicated that its artificial intelligence chip subsidiary, Kunlunxin, is aiming for a valuation of approximately $50 billion through a planned initial...

Open-Source AI Models Gain Ground as Enterprises Seek Lower-Cost Alternatives, Citi Says

Open-source artificial intelligence (AI) models are rapidly gaining traction as businesses search for cost-effective alternatives to proprietary AI systems, according to a new research note from Citi. The shift comes as...