In the wake of the U.S. presidential election, global investors are reevaluating their strategies, moving away from trades based on the assumption that President-elect Donald Trump’s economic policies would significantly favor the U.S. while adversely impacting global markets. As optimism… Read More ›
In a case blending audacious crime with internet notoriety, Ilya Lichtenstein, a hacker behind one of the largest cryptocurrency thefts in history, has been sentenced to five years in a U.S. prison. The 2016 Bitfinex cryptocurrency exchange hack saw the… Read More ›
Japan is embarking on a bold strategy to revitalize its semiconductor and artificial intelligence (AI) industries in an effort to reclaim its former dominance in global chip production. This new initiative, announced by Prime Minister Shigeru Ishiba, will see the… Read More ›
As the global oil market enters 2025, experts are predicting a significant drop in oil prices, driven by the potential unwinding of output cuts by the OPEC+ alliance. The fear of falling prices is compounded by a sluggish post-COVID recovery,… Read More ›
Following the election of President-elect Donald Trump, U.S. companies have been grappling with the looming threat of his proposed trade policies, which include the possibility of escalating tariffs. Throughout the 2024 campaign, Trump made clear his intention to implement universal… Read More ›
Wall Street’s top financial firms are set to increase year-end bonuses in 2024, marking the first rise since the high-paying year of 2021. According to a report by compensation consultancy Johnson Associates, this positive shift follows a surge in deal-making,… Read More ›
As tensions between the United States and China continue to mount, some observers have speculated that high-profile American businessmen like Elon Musk might serve as informal intermediaries to bridge the diplomatic gap. Musk, the CEO of Tesla and SpaceX, has… Read More ›
Singles Day, celebrated annually on November 11, is the world’s biggest shopping event, far surpassing Western sales events like Black Friday and Cyber Monday. Originally created in China as a day for single people to celebrate their independence, it has… Read More ›
China’s trade surplus is reaching unprecedented levels, setting the stage for rising tensions with global trading partners who are already grappling with concerns over economic imbalances. As China’s exports far outpace imports, its projected trade surplus could reach nearly $1… Read More ›
Bitcoin recently soared to an all-time high near $81,000, reflecting renewed investor enthusiasm fueled by U.S. election outcomes that favored pro-crypto candidates and upcoming changes in monetary policy. This surge underscores a shift in sentiment as both seasoned and new… Read More ›
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