In a move to increase its grip over the digital domain, China has recently stepped up its regulations surrounding mobile applications. The Cyberspace Administration of China (CAC) has released the first list of compliant mobile app stores that have conformed to these revamped rules. Notably, some of the biggest tech giants in the region…
Gold futures experienced a dip on Monday, stepping back from the mid-$1,900 range. This shift was prompted by the dollar’s ascent to 10-month highs in response to the Federal Reserve’s recent caution that U.S. interest rates would maintain their elevated position for a more extended period. The December contract, the most active in New York’s…
Crypto aficionado and respected analyst Nicholas Merten isn’t sugar-coating it; he’s warning of a seismic shakeup in the crypto realm. According to Merten, we’re looking at a massive $440 billion nosedive in the total valuation of the crypto market. But why should you sit up and take notice? Here’s the full scoop. What’s the…
Is Robinhood shuffling the deck for a winning hand in credit cards? Amid layoffs and team reshuffles, the trading platform is refocusing on the credit card sector after buying X1—a no-fee credit card startup. From Trading to Credit Cards: Robinhood’s Big Move Months after Robinhood announced the $95 million acquisition of credit card startup…
Alex Karp Talks Business and Ethics: SpaceX Starlink and Ukraine in the Spotlight In a lively discussion on technology and international relations, Palantir CEO Alex Karp opens up about his relationship with SpaceX founder Elon Musk, and their contrasting views on the Russia-Ukraine conflict. Key Takeaways: Alex Karp, Palantir CEO, has a nuanced stance…
Larry Ellison, the co-founder and Executive Chairman of Oracle Corp, recently dropped a bombshell during his presentation at CloudWorld. Ellison disclosed that Oracle is working on a next-generation law enforcement vehicle, which will be none other than Tesla’s Cybertruck. Ellison couldn’t hide his excitement about the Cybertruck, saying it’s not only his top pick…
The Fed Holds Firm, Yet Gold Manages to Gleam: A Market Response Analysis The precious metals market is aflutter as the U.S. Federal Reserve’s stance shakes things up, but not so much for gold! As most expected another interest rate hike by year’s end, the central bank pumped the brakes, leading gold prices to…
Gold prices wrapped up the week with minimal movement, bouncing back from a brief dip to a one-week low. The ongoing debate in the financial world revolves around whether the Federal Reserve will implement its final rate hike for the year in November or December. Ed Moya, an analyst at the online trading platform OANDA,…
In a recent twist of events, gold experienced a decline, touching a one-week low as the Federal Reserve made a commitment to raise interest rates until annual inflation levels reach their 2% target. This announcement has left some market observers speculating that more challenges may lie ahead for the precious metal. The December contract, which…
Gold futures have been on an impressive winning streak for the past five days, a feat not witnessed since January, according to Dow Jones Market data. This remarkable ascent persisted even after the recent Federal Reserve announcement, further solidifying the market’s resilience. In its latest update, the Federal Reserve opted to keep its benchmark fed…
