Author: Press Room
Bitcoin, the world’s most popular cryptocurrency with a 40% market share, shot past the $10 Billion trading volume mark earlier this weekend.The crypto market pioneer has seen multiple good runs in recent times, and sources say it may greatly influence the market’s bullish run soon.At press time, the foremost crypto asset’s trading volume stands at $13 billion, a boom that could see the crypto market return to winning ways. While interest in Bitcoin is picking up as the global financial market falters, several investors are paying close attention to the newbie crypto project Love Hate Inu.The meme project comes packed with…
Jack Clark was a Bloomberg tech journalist in 2015 when he came across OpenAI for the first time. He was so inspired that he quit his job and dove into the world of AI, later cofounding Anthropic. Now, he writes Import AI, a weekly AI-focused newsletter that reaches over 34,000 subscribers. On a December day in 2015, Jack Clark was on a plane to an AI conference in Montreal when he bumped into a Berkeley professor who promised to introduce him to an up-and-coming, under-the-radar startup: OpenAI.”It felt like just the biggest and craziest thing in the world was happening,…
The White House has asked South Korea to urge its chipmakers not to fill any market gap in China if Beijing bans Idaho-based Micron from selling chips, as it tries to rally allies to counter Chinese economic influence.The US made the request as President Yoon Suk-yeol prepares to travel to Washington for a state visit on Monday, according to four people familiar with the talks between the White House and presidential office in Seoul.China this month launched a national security review into Micron, one of the three dominant players in the global Dram memory chip market, with South Korea’s Samsung…
For people who write about electoral, or “horse race,” politics, few things are more enjoyable than an exciting presidential primary season. Sometimes, both Democrats and Republicans cooperate by holding gripping fights for the party nods (see 2008). Sometimes, however, voters in both parties quickly coalesce around front-runners (see 2000). A look at the current dynamics in both parties suggests 2024 could be one of the most, if not the most, boring primary cycles in the last 50 years. Nothing is set in stone. Things can change when you least expect it, but it’s tough not to acknowledge the current facts.…
First-quarter earnings season ramps up this week, with some 170 S&P 500 firms scheduled to report, including many of the largest companies on the market. Economic releases will include data on business and consumer spending, plus an early look at first-quarter gross domestic product statistics. Wednesday will bring results from American Tower, Boeing, eBay, Meta Platforms, and Thermo Fisher Scientific. Amazon. com, Caterpillar, Comcast, Eli Lilly, Intel, Mastercard, Newmont, and T-Mobile US report on Thursday, then Charter Communications, Chevron, and Exxon Mobil close the week on Friday. On Thursday, the Bureau of Economic Analysis will release its preliminary estimate of…
General Motors Co. is slated to report quarterly earnings before the bell on Tuesday, on the heels of a difficult quarter for Tesla Inc. and amid heated EV price wars. GM GM said in late January that it would not follow Tesla TSLA and Ford Motor Co. F in cutting electric-vehicle prices to spur demand. Since then, however, Tesla has slashed… Read the full article here
3/3 © Reuters. A prototype of the Biofire Smart Gun is seen at Biofire Technologies headquarters in Broomfield, Colorado, U.S., April 18, 2022. REUTERS/Matt Mills McKnight 2/3 By Matt McKnight and Daniel Trotta BROOMFIELD, Colorado (Reuters) -Colorado-based Biofire Tech is taking orders for a smart gun enabled by facial-recognition technology, the latest development in personalized weapons that can only be fired by verified users. But in a sign of the long, challenging road that smart guns have faced, a prototype twice failed to fire when demonstrated for Reuters this week. Company founder and Chief Executive Kai Kloepfer said the software…
STOCKHOLM (Reuters) – Sweden’s central bank will hike its policy rate by a half a percentage point next week as it grapples with soaring inflation, with a further quarter point to come in June, a poll by Reuters showed on Friday. Central banks around the globe have jacked up interest rates to tame levels of inflation not seen for at least 30 years and while tighter policy is beginning to bite and growth is slowing, their job is not yet considered done. In Sweden, the pace of inflation slowed in March, but remains much too high and economists in the…
Silver is headed to record levels within the next 36 months, according to a veteran commodities analyst. But when it happens don’t expect shocking newspaper headlines. “We expect to see record prices on an average annual basis at some point in 2024-2026,” says Jeff Christian, managing partner of commodities consulting company CPM Group in a recent video. “We’ve been saying that for some time.” The veteran commodities expert says the company still expects to see that. However, most people will misinterpret that to mean that it will get over $50 a troy ounce, up from a recent $25. The price…
It is by now a near commonplace that the ‘globalization’ and ‘offshoring’ manias of the 1990s and after did not go as planned. China indeed grew, but it did not become America’s junior partner as its cheerleaders once cheerfully – not to say arrogantly – predicted. Prices, meanwhile, indeed dropped, but so did American wages and salaries, such that even the cheaper goods came to be priced out of reach for near all but those willing to rack up consumer debt in their purchase. The Biden Administration and many bipartisan Members of Congress, to their credit, at last have awakened…
