Gold extended its decline for a sixth straight session on Monday to hit a near seven-month trough, as a robust dollar and prospects of higher U.S. interest rates took the shine off bullion. Spot gold was down 0.9% by 1:52 p.m. EDT (1752 GMT) at $1,831.70 per ounce, its lowest level since early March….
Gold, the timeless hedge against financial turbulence, is not behaving as anticipated by long-term bulls. The recent price trends beg the question: how should investors navigate this anomaly? Snapshot: The Recent Plunge We saw Comex gold futures for October diving by 0.7%, landing at a six-month low of $1,860.40. A retreat from its 52-week…
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…
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…
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…
In a spectacular display of technological prowess, SpaceX, under the visionary leadership of Elon Musk, painted the skies once again, launching 22 Starlink satellites from Florida’s coast. This mission, met with anticipation and optimism, benefits from perfect weather conditions. Breaking it Down: SpaceX’s impeccable commitment to real-time updates was evident. Hours before the scheduled launch,…
In the dynamic battlefield of Artificial Intelligence, where each tech titan strives to outdo another, Alibaba Holdings Limited (NYSE:BABA) dropped a major bombshell: Qwen-VL and Qwen-VL-Chat. This came hot on the heels of Meta Platforms Inc’s (NASDAQ:META) recent A.I. launch. Alibaba’s Double A.I. Whammy Unlike text-centric A.I. models such as Microsoft Corporation’s (NASDAQ:MSFT) ChatGPT or…
In an unexpected turn of events, Mark Cuban, the renowned billionaire and Dallas Mavericks owner, disclosed that he’s the latest casualty in the volatile world of cryptocurrency. The Background In a chat with DL News, a clearly surprised Cuban mentioned a suspicious movement in a crypto wallet associated with him. “I noticed 5 ETH went…
