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Digital Currency Revolution

Shiba Inu Eyes Golden Cross Surge as Bulls Power Up 40% Trading Volume Spike

Nov 05, 2024 23:24 pm UTC| Digital Currency Technology Business

Shiba Inu (SHIB) is charging ahead with a 40% rise in trading volume, signaling revived bullish momentum as it nears a golden cross formation. This potential technical breakout could spark further gains, with SHIBs price...

BYD’s Record-Breaking Sales Fuel Massive Hiring Surge Amid Rapid EV Production Expansion

Nov 05, 2024 20:19 pm UTC| Technology

Chinese EV giant BYD has ramped up hiring efforts, adding nearly 200,000 employees to meet record-breaking demand following its Q3 sales surge. With 1.1 million new energy vehicles sold, BYDs quarterly revenue exceeded...

Super Micro Computer Extends Financial Reporting Deadlines, Signaling Potentially Prolonged Challenges Ahead

Nov 05, 2024 20:13 pm UTC| Technology Business

Super Micro Computer (SMCI) has announced significant amendments to its loan agreement, extending deadlines for its financial reports amid ongoing scrutiny over alleged governance issues. With the Nasdaq compliance...

Nintendo Switch 2 Delayed Again, Now Expected in 2025 as Fans Anticipate New Console

Nov 05, 2024 14:03 pm UTC| Technology Business

Nintendos next-gen console, expected to be the Nintendo Switch 2, is now projected to debut in 2025. Toyo Securities analyst Hideki Yasuda suggests an announcement is unlikely this year, sparking anticipation about...

Digital Currency Revolution

$2.2B in Bitcoin Leaves Mt. Gox Wallets, Potentially Increasing Sell Pressure on BTC Market

Nov 05, 2024 13:41 pm UTC| Digital Currency Technology Business

With $2.2 billion in Bitcoin now transferred out, Mt. Gox may be closer to repaying long-awaiting creditors, sparking concerns about possible selling pressure on Bitcoins price. Part of the funds has been routed to...

Digital Currency Revolution

Shiba Inu’s Shytoshi Kusama Unveils S.H.I.B. Plan, Courting Musk and Trump for a Crypto-Powered US

Nov 05, 2024 13:26 pm UTC| Digital Currency Technology Business Politics

Shytoshi Kusama, Shiba Inus lead, has introduced the S.H.I.B. initiativea high-stakes proposal to transform the U.S. into a global blockchain leader. With Musk and Trump in the spotlight, this $2.35 billion plan could...

Digital Currency Revolution

Binance Boosts POPCAT & MEW Futures—Bullish Momentum for Solana Meme Coins?

Nov 05, 2024 13:04 pm UTC| Digital Currency Technology Business

Binance has expanded its futures copy trading offerings to include POPCAT and MEW USD-Margined perpetual contracts, sparking bullish sentiment among traders. The addition could signal a surge in interest and investment in...

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Economy

Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals

Gold prices reversed early gains and moved lower during Asian trading on Thursday, pressured by a strengthening U.S. dollar and reduced demand for safe-haven assets. Investor focus has shifted toward upcoming central bank...

Thailand Inflation Remains Negative for 10th Straight Month in January

Thailands annual headline inflation rate stayed in negative territory for the tenth consecutive month in January, underscoring continued price pressures driven largely by lower energy costs and government measures aimed at...

Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off

Silver prices tumbled sharply during Asian trading on Thursday, leading a broad sell-off across the precious metals market and erasing most of the short-lived rebound seen earlier this week. The steep decline highlighted...

South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks

South Koreas efforts to stabilise its currency are facing a growing domestic challenge as retail investors continue to pour record amounts of money into U.S. stocks, driving strong demand for dollars while the won trades...

Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady

Federal Reserve Governor Lisa Cook emphasized the importance of protecting the central banks credibility by ensuring inflation returns to its long-term target, signaling continued caution on monetary policy despite recent...

Politics

Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports

The U.S. government is prepared to allow Chinas ByteDance to purchase Nvidias advanced H200 AI chips, but negotiations remain stalled as Nvidia has not agreed to the proposed conditions governing their use. According to...

Trump Endorses Clay Fuller in Georgia Special Election to Replace Marjorie Taylor Greene

President Donald Trump has thrown his weight behind conservative prosecutor Clay Fuller in the upcoming Georgia special election to replace Marjorie Taylor Greene, signaling a major shift in the political dynamics of...

CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences

Hong Kong-based conglomerate CK Hutchison has initiated international arbitration proceedings against the Panamanian government after Panamas Supreme Court annulled licences held by its subsidiary, Panama Ports Company, to...

Trump Stays Neutral on 2028 GOP Successor as Vance and Rubio Emerge as Top Contenders

President Donald Trump has declined to take sides in early speculation over who could succeed him as the Republican presidential nominee in the 2028 election, as Vice President JD Vance and Secretary of State Marco Rubio...

U.S. Justice Department Removes DHS Lawyer After Blunt Remarks in Minnesota Immigration Court

The U.S. Justice Department has removed a government lawyer from a high-pressure assignment in Minnesota following blunt comments made in federal court about her workload and the governments failure to comply with judicial...

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

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...

SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....

Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised

Sony Corp (TYO:6758) reported stronger-than-expected third-quarter earnings, driven by solid performance in its gaming, music, and image sensor businesses. The Japanese conglomerate also raised its full-year forecast,...

SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO

Elon Musks SpaceX is reportedly exploring ways to secure early inclusion in major stock market indexes ahead of its highly anticipated initial public offering, a move aimed at boosting liquidity and stabilizing its share...