As optimistic investors assessed the possibility that the United States will finally see a bitcoin ETF in the upcoming months, cryptocurrency prices briefly soared to start the week. An unconfirmed report that the Securities and Exchange Commission had officially approved the iShares spot bitcoin ETF caused bitcoin to briefly spike above $30,000 on Monday morning….
Activision Blizzard’s $69 billion acquisition by Microsoft has been completed, the company announced in a regulatory filing on Friday. It’s the biggest deal Microsoft has ever made in its 48-year history, and it comes after the company allayed regulators’ concerns about competition in the U.K. and Europe and won a favorable decision from a U.S….
Inflation remained a top concern for policymakers in September as consumer prices increased at a slightly faster-than-anticipated rate for a variety of goods and services. According to a recently released Labor Department report, the consumer price index increased 0.4% from the previous month and 3.7% from the previous year. The corresponding Dow Jones estimates were…
More than expected, US wholesale price inflation increased by 0.5% in September. Unexpectedly, high wholesale price growth in September was a sign of brewing inflationary pressures for the American economy. The Labor Department reported on Wednesday that the producer price index, which measures the costs for finished goods that producers pay, increased by 0.5% for…
The International Monetary Fund released its latest World Economic Outlook on Tuesday, revising its US growth forecast while predicting a slowdown in expansion in the Eurozone. The IMF has raised its forecast for U.S. growth this year to 2.1%, an increase of 0.3 points from the latest estimate in July. The outlook for next year…
An economic indicator that the Federal Reserve uses as a measure of inflation rose less than expected in August, showing that the central bank’s fight against rising prices is making progress. The personal consumption expenditures price index, which excludes food and energy, rose 0.1% in the month, less than the 0.2% rise expected in the…
Elon Musk discussed his plans on Twitter, now called X, in a live discussion with Israeli Prime Minister Benjamin Netanyahu. Musk said, “The social network is moving to get a small monthly fee to use the X system to fight big robot armies.” Musk did not say how much the new plan would cost users…
The Group of 20 countries on Saturday overcame differences over references to the war in Ukraine and agreed on a joint declaration that paves the way for debt repayment frameworks and country-based climate finance solutions, among other pledges to boost development in the global south. In an 83-paragraph joint communique aimed at deepening the inclusion…
Tesla plans to install 20,000 electric vehicle charging stations at 2,000 Hilton properties in the United States, Mexico, and Canada early next year, the companies said Thursday. For Tesla, building wall plugs is another way to increase mass adoption by providing more convenient charging locations. The company’s Universal Wall Connector can charge any North American…
USA President Joe Biden will travel to New Delhi, India to meet with the world’s largest economies (the Group of 20) at the G20 summit and reassert himself as a top diplomat. The 18th G20 summit is scheduled in New Delhi, India on 9th and 10th September. During his presidency, Biden preached the gospel of…
