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DefiLlama: the total market cap for stablecoins has risen 46% in 2024 to a record ~$190B, regaining ground lost after TerraUSD's infamous collapse in 2022
Published: 2024-11-28 06:09:38
Britain charts tricky trade course as Trump threatens tariffs
Britain will aim to convince Donald Trump its services-dominated trade with the United States should escape the worst of tariffs even as it cautiously repairs ties with the European Union and nurtures commercial links with China.
Published: 2024-11-28 06:09:13
ECB's Lagarde urges EU to negotiate with Trump over tariffs
European Central Bank President Christine Lagarde urged European leaders to negotiate with United States President-elect Donald Trump on trade issues, cautioning against retaliation. In an interview...
Published: 2024-11-28 06:09:20
Europe must unite in space to compete on the global stage
For Europe to prosper in the new world order, we must unite in space, writes Director-General of the European Space Agency (ESA) Josef Aschbacher.
Published: 2024-11-28 06:10:06
Le Pen’s lawyer slams ‘affront to democratic process’ as embezzlement trial ends
On the last day of the EU funds embezzlement trial of Marine Le Pen and 24 other Rassemblement National members, Le Pen's lawyer strongly criticised the prosecution’s demands and asked for an acquittal. Rodolphe Bosselut spent three hours with his closing argument, calling the prosecutor's demands…
Published: 2024-11-28 06:09:57
Europe’s future is (also) written by young people: Let’s talk about emotional health [Promoted content]
As we look towards the future, one guiding principle stands out: it must be shaped alongside the new generations. To envision the Europe of tomorrow, we have a profound responsibility to institutionalize the voices of our youth, and we are on the path to ensure their inclusion in policy…
Published: 2024-11-28 06:09:58
Tesla and Bitcoin Have Soared Since Election Day. We Size Up the Valuations
Published: 2024-11-28 06:09:22
France believes Netanyahu has immunity from ICC arrest warrant
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Published: 2024-11-28 06:09:19
The US FTC finalizes amendments to its Telemarketing Sales Rule, letting the agency pursue scam tech support companies even when consumers initiate the calls
The Federal Trade Commission (FTC) has finalized amendments to its Telemarketing Sales Rule (TSR), making it easier to protect consumers who are tricked into paying scam tech support companies. The FTC could already go after these fraudster companies if they initiated calls to people — now, they…
Published: 2024-11-28 05:58:26
MARA purchases $615 million worth of bitcoin, boosting total holdings to 34,794 BTC
MARA Holdings has acquired an additional 703 bitcoin following the successful closing of its $1 billion offering of convertible notes.
Published: 2024-11-28 05:58:35
Memecoins Show Coinbase's Base Blockchain Isn't So Centralized, Founder Says
BANGKOK – Coinbase's Base blockchain launched in August 2023, and grew with the power of memecoins like BALD, a reference to CEO Brian Armstrong's bare scalp. But the protocol's creator says there's more to the story than silliness. “BALD caught us all by surprise. You know, this was before the…
Published: 2024-11-28 05:58:40
BOJ rate hike unlikely to derail budget planning, DPP tax chief says
Democratic Party for the People tax chief Motohisa Furukawa says it is "unthinkable” that the Bank of Japan will hike rates rapidly.
Published: 2024-11-28 05:58:33
Intel's $7.86 billion subsidy deal restricts sale of its manufacturing unit
Published: 2024-11-28 05:47:42
‘Load Up Despite California’s EV Noise,’ Says Daniel Ives About Tesla Stock
Published: 2024-11-28 05:47:25
IHG adds prestigious hotel in Hokkaido, boosts presense in Japan
TOKYO -- U.K.-based hotel chain IHG Hotels and Resorts announced Thursday that The Windsor Hotel Toya Resort & Spa, a luxury hotel in Hokkaido, will join its network, the latest example of the hospitality group's expansion in Japan. The 386-room hotel is located beside Lake Toya, a volcanic…
Published: 2024-11-28 05:47:17
Elon Musk has Twitter and Trump's ear. He's still not getting everything he wants
Elon Musk went all-in on Donald Trump this year. Now he has Trump's attention. - But that doesn't mean Musk can compel Trump to do everything he desires. - A look at Musk's Twitter feed shows his influence has limits. Two big, related questions we have about Trump 2.0: - How much influence will…
Published: 2024-11-28 05:47:10
Google Chat now has its own take on Slack’s Huddles
Google Chat is rolling out instant voice meetings — similar to Slack’s Huddles — that let you quickly switch to a voice or video call from within a chat. Google is not giving the feature a new name, though, opting to call the feature “Huddles” as well. If you are in a Google Chat, you can quickly…
Published: 2024-11-28 05:47:08
EU ministers to discuss rule simplification after von der Leyen promises swift ‘competitiveness’ measures
European Union industry ministers will consider simplifying EU business rules on Thursday (28 November) after re-elected European Commission President von der Leyen pledged to prioritise competitiveness during her second term. Ministers from the 27 EU countries will meet in Brussels to discuss…
Published: 2024-11-28 05:47:37
Nordic, Baltic leaders agree to increase aid to Ukraine before Trump’s return
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Published: 2024-11-28 05:47:27
Fast fashion is made with alarmingly high amounts of toxic chemicals, say authorities. 5 substances can affect your immune system
Shein and other fast-fashion companies have come under scrutiny for chemicals in their clothing. Rodrigo Arangua/AFP via Getty Images South Korean officials found that children's clothes from Temu and AliExpress contained toxic substances. Many fashion brands use toxic chemicals like PFAS and…
Published: 2024-11-28 05:47:19
Morning Bid: French budget and German prices grab spotlight
A look at the day ahead in European and global markets from Ankur Banerjee
Published: 2024-11-28 05:47:10
Bessent at Treasury May Give China Breathing Room Over Tariffs #china #trump
Does Donald Trump’s pick of Scott Bessent as Treasury secretary mean some relief for China over tariffs — even after the President-elect's latest levy threat? Read more: https://trib.al/iN4tquN -------- Subscribe to our YouTube channel: https://trib.al/KM4k5RA Subscribe to Bloomberg Originals:…
Published: 2024-11-28 05:47:20
Price analysis 11/27: BTC, ETH, SOL, BNB, XRP, DOGE, ADA, AVAX, TON, SHIB
Published: 2024-11-28 05:36:33
Albanian opposition leader Berisha released from house arrest
His house arrest has sparked regular anti-government protests, including on Tuesday, when police used tear gas and water cannon to disperse hundreds of protesters.
Published: 2024-11-28 05:36:43
Ineffective communication is holding back Germany’s renovation wave
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Published: 2024-11-28 05:36:18
Blind Spots: When Medicine Gets It Wrong, and What It Means for Our Health*
That is the new book by Marty Makary. Since Makary has been nominated to head the FDA, I am surprised this work is not receiving more attention. In the book, Makary is sympathetic to HRT, skeptical about a lot of antibiotic use (microbiome issues), says it is fine to ingest the cholesterol in…
Published: 2024-11-28 05:58:21
Microsoft informed of yet another antitrust probe by US authorities
Microsoft informed of yet another antitrust probe by US authorities Investigation is apparently sweeping, but keen on info about AI, security, and cloud The US Federal Trade Commission appears to have launched an antitrust investigation into Microsoft. News of the probe was first reported by…
Published: 2024-11-28 05:36:39
TikToker's $20 'Dollar Tree Dinner' goes viral ahead of Thanksgiving
A TikToker's $20 "Dollar Tree Dinner" has gone viral ahead of Thanksgiving. A video posted by Dollar Tree Dinners, whose real name is Rebecca Chobat, went viral on TikTok after she showed users how to make a three-course Thanksgiving dinner by spending just $20 at Dollar Tree. "I've got a $20…
Published: 2024-11-28 05:25:41
List: What time do grocery stores close in the Houston area for Thanksgiving
HOUSTON — If you are missing an ingredient to complete your Thanksgiving feast, never fear. These are the local grocery stores and their hours for the Houston area on Thanksgiving Day in 2024. Grocery stores open on Thanksgiving Check with your local store to confirm the exact hours. What time…
Published: 2024-11-28 05:25:35
Prabowo's candidates lead in key Indonesia governor races, except Jakarta
JAKARTA -- Gubernatorial candidates backed by Indonesian President Prabowo Subianto are likely to secure victory across the country's key provinces -- except in Jakarta, where the opposition-backed hopeful has gained a lead, results from usually reliable surveys show. Indonesians cast their votes…
Published: 2024-11-28 05:25:28
Protests in Romania over far-right candidate’s shock poll lead
Most of the protesters, shocked by the surge of far-right Călin Georgescu ahed of the 8 December runoff, were young people who want Romania to remain part of the West.
Published: 2024-11-28 05:25:29
HongShan, spun out of Sequoia last year, is reportedly struggling to invest its huge war chest
According to the Financial Times, HongShan, the Chinese investment firm spun off from Sequoia Capital in 2023, is aggressively expanding into Europe and North Asia owing both to “shrinking options” in China and to limited partners that have grown frustrated with how slowly HongShan is deploying…
Published: 2024-11-28 05:25:42
Asia stocks retreat as US inflation data fuels rate outlook concerns
Investing.com-- Most Asian stock markets declined on Thursday as investors were cautious about the U.S. interest rate outlook after a stubbornly strong inflation print, while South Korean stocks were muted despite an unexpected rate cut by its central bank. Regional markets took a weak lead-in…
Published: 2024-11-28 05:14:36
Fed inflation gauge ticked higher in October amid consumer spending boost
Published: 2024-11-28 05:14:33
Bitcoin, Ethereum, Dogecoin Heat Up In Pre-Thanksgiving Rally: 'Buy The Fear, Sell The Greed, Rinse And Repeat,' Says Trader
Cryptocurrency markets are trading higher on Wednesday, with Bitcoin surging back above the $96,000 mark. Notable Statistics: - IntoTheBlock data shows large transaction volume decreasing by 7.4% and daily active addresses falling by 15%. Transactions greater than $100,000 are down from 13,037 to…
Published: 2024-11-28 05:14:27
Is McDonald's open or closed on Thanksgiving 2024? Here's what you need to know
Thanksgiving has arrived, which for millions of Americans means enjoying a delicious Thanksgiving feast surrounded by friends and family. While banks and post offices will be closed on the federal holiday, some grocery, retail and restaurant chains will remain open, albeit mostly with adjusted…
Published: 2024-11-28 05:14:23
Ukraine's energy sector 'under massive attack,' minister says
More to come......
Published: 2024-11-28 05:14:28
Bitcoin Pumps Above $97K, Then Dumps, as Ether, XRP Surge 7%
Bitcoin zoomed above $97,000, bringing hopes of breaching the landmark $100,000 level on social media, before paring gains to nearly $95,500 in Asian morning hours on Thursday. BTC added 3.3% in the past 24 hours, <a href="https://www.coingecko.com/" target="_blank">data shows</a>, ahead of a…
Published: 2024-11-28 05:14:28
From disaster to hope: A Vermont family thankful for community support after flood destroyed home
A Vermont family who lost their home, cars, barn and most of their possessions in flooding in July will be getting a new start thanks to scores of donations to an online fundraising effort.
Published: 2024-11-28 05:36:42
Source: Amazon's new generative AI model, codenamed Olympus, can process images, video, and text, and could be unveiled at next week's AWS re:Invent
Published: 2024-11-28 05:03:36
Stock market today: Asian shares are mixed after Big Tech losses pull Wall Street lower
Shares were mixed Thursday in Asia after stocks on Wall Street retreated, weighed down by losses for technology shares. Tokyo's Nikkei 225 index gained 0.7% to 38,400.00 and Australia's S&P/ASX 200 advanced 0.8% to 8,473.30. South Korea's Kospi was unchanged at 2,503.01 after the central bank cut…
Published: 2024-11-28 05:03:29
US court rules boarder patrol cannot cut razor wire
A United States federal appeals court ruled that Border Patrol agents are prohibited from cutting razor wire installed by Texas in Eagle Pass along the United States-Mexico border, according to a repo...
Published: 2024-11-28 05:14:22
Smithfield Meat Market in London to Close
Livestock has been traded on the historic site in Britain’s capital for centuries. The local authority voted this week to close it.
Published: 2024-11-28 05:03:31
NYT 'Connections' November 28: Hints and Answers for Game #536
We all have our own strategy when it comes to trying to solve daily word puzzles such as Connections. But one group of researchers from the New York University Tandon School of Engineering decided to work out how artificial intelligence programs fared at solving the game. "Large Language Models…
Published: 2024-11-28 05:03:55
'Wordle' Today #1,258 Answer, Hints, Clues for Thursday, November 28 Game
Happy Thanksgiving! Whatever your plans are for this holiday, solving the latest Wordle puzzle will be the perfect way to get your day started. Josh Wardle, a Welsh-born engineer based in New York City, perfected Wordle during the COVID-19 lockdowns, years after coming up with the original…
Published: 2024-11-28 05:03:39
Is the Stock Market Open Today? Here Are the Trading Hours for Thanksgiving
Published: 2024-11-28 05:14:34
Parliament’s winners and losers: A conversation with Greens and right-wing ECR
Parliament’s winners and losers: A conversation with Greens and right-wing ECR 28/11/2024 Podcast by On Wednesday (27 November), the new college of commissioners was approved with 370 votes to 282 against – marking the lowest majority in history. The mandate is filled with uncertainties, except…
Published: 2024-11-28 05:04:02
‘CEOs want open markets’: EU business sentiment drops amid trade war fears
CEOs overwhelmingly pointed to accelerating economic and political fragmentation as the greatest geopolitical threat to their businesses.
Published: 2024-11-28 05:03:51
Tackling energy prices: Europe’s own ’moonshot’
European industrial companies pay 2 to 3 times more for electricity than their American counterparts. Europe and the Commission must turn this liability into an asset.
Published: 2024-11-28 05:03:40
China’s support for Russia has hurt its relations with Europe, say Nordic and Baltic states
Leaders warn Beijing’s backing for Moscow and the war in Ukraine is having a negative impact
Published: 2024-11-28 05:25:35
Hong Kong plans crypto tax break for hedge funds and billionaire families
The Chinese territory is competing with Singapore and Switzerland to become a top offshore finance hub
Published: 2024-11-28 05:25:49
Northern Israelis weigh returning home against threat of Hizbollah
Displaced residents fear ceasefire cannot keep them safe in towns near contested border with Lebanon
Published: 2024-11-28 05:25:56
Tehran’s luxury glass apartments reveal a changing Iran
Open facades symbolise a new yearning for transparency
Published: 2024-11-28 05:25:46
Robert Kennedy’s fractious battle to fix America’s health
Radical former Democrat wants to take on Big Pharma — but his team is already arguing
Published: 2024-11-28 05:26:12
Transcript: Christine Lagarde interview
Roula Khalaf, Patrick Jenkins and Olaf Storbeck talk to European Central Bank president Christine Lagarde
Published: 2024-11-28 05:26:06
Buy American to avoid Trump trade war, says Lagarde
ECB chief takes aim at claim that tariffs will ‘make America great again’ — but calls for negotiation, not retaliation
Published: 2024-11-28 05:26:13
Bermuda watchdog poised to demand more transparency from insurers
Consultation by insurance regulator comes amid growing scrutiny of risks building in offshore reinsurance deals
Published: 2024-11-28 05:58:38
The gloom about the London market is overdone
Stripping out US tech giants significantly reduces the liquidity gap between London and New York stock exchanges
Published: 2024-11-28 05:58:31
‘Production first, safety later’: inside the world’s largest nickel site
Unions and workers say Indonesia’s dominance of the EV supply chain has come at a price
Published: 2024-11-28 05:58:35
Tech sector boosts thematic ETFs, but all narratives need scrutiny
AI has helped turbocharge the performance not only of US megacaps, but also some thematics
Published: 2024-11-28 05:58:24
The World’s Biggest Buyers of Gold Are Now Among East European Central Banks
Published: 2024-11-28 05:25:21
Egg Recall Sparks Warning in Five States
An egg recall has prompted a warning in five states on Wednesday due to possible salmonella contamination.
Published: 2024-11-28 05:03:11
Swiss-EU talks ‘well advanced’: Bern
The EU and Switzerland are seeking to "stabilise and develop" relations, which are currently governed by more than 120 agreements.
Published: 2024-11-28 05:03:23
Toyota's global output declines for ninth straight month in October
Toyota Motor's global output dropped for a ninth consecutive month in October, dragged lower by big falls in production in the United States and China but the decline was mild compared to previous months.
Published: 2024-11-28 04:41:07
Shipping giant Maersk unveils latest 'dual-fuel methanol vessel' in decarbonization shift
SINGAPORE — Denmark-based shipping and logistics giant Maersk unveiled its latest dual-fuel methanol vessel in the Southeast Asian country on Thursday as the industry ramps up decarbonization efforts. The newly named A.P. Møller is a 350-meter-long ship that adds to a growing fleet of Maersk…
Published: 2024-11-28 04:41:02
After missing the AI boom – badly – Samsung shuffles the C-Suite
After missing the AI boom – badly – Samsung shuffles the C-Suite Memory and foundry businesses get new leaders as Chaebol seeks to enter HBM heaven Generative AI has created a once-in-a-generation surge in memory sales and semiconductor production – which Samsung Electronics has managed to flub,…
Published: 2024-11-28 04:41:04
Frost Advisory Issued in California as States Brace for Arctic Blast
Unseasonably cold weather is expected in most of the U.S. during the Thanksgiving holiday weekend.
Published: 2024-11-28 04:41:12
Christian Louboutin made one key change to his iconic red soles when designing Eras Tour shoes for Taylor Swift
Shoe designer Christian Louboutin made 250 pairs of shoes for Taylor Swift for her Eras Tour. Andreas Rentz/TAS24/Getty Images for TAS Rights Management Christian Louboutin made one key change to the iconic red soles from his namesake brand for Taylor Swift. Louboutin told InStyle he used rubber…
Published: 2024-11-28 04:41:04
IKEA warns Trump tariffs will make it hard to keep prices low
IKEA warns Trump tariffs will make it hard to keep prices low By Reuters Published Nov. 27, 2024, 11:41 a.m. ET Tariffs planned by President-elect Donald Trump will make it harder for IKEA to keep prices low, the chief financial officer of the world’s biggest furniture retailer told Reuters on…
Published: 2024-11-28 04:29:55
Zuckerberg visits Mar-a-Lago for talks with Trump
Meta Inc. CEO Mark Zuckerberg met with United States President-elect Donald Trump on Wednesday at Trump's Mar-a-Lago residence in Palm Beach, Florida, Politico reported, citing a Meta spokesperson...
Published: 2024-11-28 04:30:13
Zuckerberg dines with Trump in Mar-a-Lago
Donald Trump dined on Wednesday with Meta CEO Mark Zuckerberg at the president-elect’s Mar-a-Lago club in Florida
Published: 2024-11-28 04:30:10
I found the best Black Friday deals – here's The Shortcut to the top 100
I found the best Black Friday deals – here's The Shortcut to the top 100 Who needs 100,000+ Black Friday deals? We shortcut you to the best of the best prices Today’s 10-story deals newsletter ends with discount codes below ⤵️ Get a FREE premium subscription by referring friends to The Shortcut 🛍️…
Published: 2024-11-28 04:18:58
Did Trump Just Solve The Border Crisis: Mexican President "Agreed To Stop Migration Through Mexico" Trump Claims
Did Trump Just Solve The Border Crisis: Mexican President "Agreed To Stop Migration Through Mexico" Trump Claims Did Trump solve the border crisis two months before even being sworn in as the 47th president? Two days after surprising markets - and sending the peso plummeting - by announcing he…
Published: 2024-11-28 04:18:52
Why is the world so gassed up about LNG?
Liquefied natural gas offers a cleaner, more sustainable energy solution. Why is it key to the energy transition, and how does it affect daily life?
Published: 2024-11-28 04:19:10
‘Everything is expensive!’ Bolivia faces a shocking economic collapse
Across what was once South America’s second-largest producer of natural gas, everyone is searching for fuel.
Published: 2024-11-28 04:30:17
'Everything is expensive!' Bolivia faces a shocking economic collapse
Fuel is rapidly becoming one of Bolivia’s scarcest commodities. Long lines of vehicles snake for several kilometers outside gas stations all over Bolivia, once South America’s second-largest producer of natural gas. Some of the queues don’t budge for days. While frustration builds, drivers like…
Published: 2024-11-28 04:30:19
Mark Zuckerberg meets with Trump at Mar-a-Lago
The president-elect has long been critical of Zuckerberg’s social media platforms, saying they censor conservative viewpoints.
Published: 2024-11-28 04:30:16
Stock Market Today: Losses For Big Tech Pull US Indexes Lower
UNLIMITED Watchlists, Portfolios, Screeners, and other Barchart tools with Barchart Premier. FREE 30 Day Trial - Market Pulse - - Options Market Overview - Unusual Options Activity - IV Rank and IV Percentile - Implied vs Realized Vol - Most Active Options - Highest Open Positions - Unusual…
Published: 2024-11-28 04:07:56
U.S. preps China chip curbs that stop short of early proposals
U.S. chip gear makers argue that unilateral U.S. restrictions would put them at an unfair disadvantage compared to foreign rivals. Read More
Published: 2024-11-28 04:19:07
Tech war: new US chip sanctions to deal fresh blow to China’s self-reliance push
Tech war: new US chip sanctions to deal fresh blow to China’s self-reliance push The impact on the Chinese chip industry would be significant if major domestic suppliers are blacklisted, sources say Washington’s move is expected to also affect venture capital firms with close ties to the Chinese…
Published: 2024-11-28 04:08:09
A Quarter of Your Retirement Fund Just Isn't Keeping Up
International stocks keep lagging behind U.S. companies, yet they make up nearly a quarter of target-date funds on average.
Published: 2024-11-28 04:08:13
More Oil for Fewer Migrants: Trump Is Urged to Make Deal With Venezuela
Lobbying efforts push for negotiations with strongman Nicolás Maduro instead of seeking regime change.
Published: 2024-11-28 04:07:52
The Top States Where Americans Are Looking to Buy Homes Heading Into 2025
The Top States Where Americans Are Looking to Buy Homes Heading Into 2025 A new study has revealed where Americans are most likely to buy a home heading into the end of 2024. Highland Cabinetry conducted a comprehensive analysis of all 50 U.S. states to determine where homebuying is most…
Published: 2024-11-28 04:08:03
Biden's Surprising Middle East Peace Strategy: Working With Trump
Getting a Gaza cease-fire before Biden leaves office is likely to be difficult, however.
Published: 2024-11-28 04:08:06
China’s EV boom threatens to push petrol demand off a cliff
China’s EV boom threatens to push petrol demand off a cliff Brokerage Citic Futures sees Chinese gasoline consumption dropping by 4 to 5 per cent a year through 2030 From Tesla chargers in the ancient alleys that surround the Forbidden City in Beijing to lonely highway rest stops with charging…
Published: 2024-11-28 04:07:58
LIST: Here is where to get a free Thanksgiving meal in WNC
This year, some Western North Carolina restaurants, churches and organizations are offering free Thanksgiving meals to aid locals in returning to normalcy after Helene. The following are offering cost-free lunch or dinner on Turkey Day: Radiant Church's 'Feed the 828' Thanksgiving Community…
Published: 2024-11-28 03:57:02
Young founders and coders applying for Elon Musk's DOGE cite a range of professional and civic motivations; sources: DOGE is seeking 100 full-time hires in DC
The incoming Trump administration’s planned agency for cutting government excess is seeking 100 full-time hires in the nation’s capital, sources tell Forbes — and attracting a mix of college students and execs. As a two-time startup founder and CEO, Chinmay Singh hadn’t updated his resume in ten…
Published: 2024-11-28 03:56:39
Stowaway discovered on board flight from New York to Paris
Stowaway discovered on board flight from New York to Paris The person who boarded the flight went through a TSA checkpoint. Amid the Thanksgiving travel rush, a stowaway was discovered Tuesday night on board a Delta Air Lines flight out of JFK Airport in New York City headed to Paris. Authorities…
Published: 2024-11-28 03:56:33
China's yuan to hit record lows as U.S. tariff threat mounts, investment banks forecast
Major investment banks and research firms project offshore yuan to weaken to an average 7.51 per dollar through the end of 2025, the weakest level on record.
Published: 2024-11-28 04:08:02
Teri Hatcher, 59, says it's 'just not that fun' to date at her age
Teri Hatcher was previously married twice. John Phillips/Getty Images Teri Hatcher, 59, doesn't enjoy dating at her age. Hatcher said unlike what people think, men are not "lining up outside her door." She also feels like it would be "too much" to date younger men. At 59, Teri Hatcher would rather…
Published: 2024-11-28 03:56:46
Adani allegations cast light on barriers to India's ambitious solar drive
India's states are unprepared for a rapid rise in renewable generating capacity, lack adequate transmission infrastructure and storage.
Published: 2024-11-28 03:56:41
Xi Jinping can't seem to find the right man to be the face of China's military
Adm. Dong Jun was reported on Wednesday by the FT to be facing a corruption probe, making him the third straight person in the office or retired from the post to be investigated. ROSLAN RAHMAN/AFP via Getty Images China's defense minister, Dong Jun, is being probed for corruption, the FT reported…
Published: 2024-11-28 03:57:01
Elon Musk's hunger for chips is taxing Nvidia's capacity to make them: report
A Nvidia sales lead said in an email to colleagues that Musk's demand for chips was straining the company's supply chain, per The Wall Street Journal. Jabin Botsford/The Washington Post via Getty Images; Chip Somodevilla/Getty Images Elon Musk's demand for Nvidia chips has put pressure on the…
Published: 2024-11-28 03:56:36
Musk calls for abolishing consumer finance watchdog targeted by Republicans
Published: 2024-11-28 03:45:44
Zuckerberg met with Trump at Mar-a-Lago
Meta CEO Mark Zuckerberg met with President-elect Trump on Wednesday at his Mar-a-Lago estate in Florida, where he’s been hosting political meetings, according to Stephen Miller, the incoming deputy chief of policy. “Mark Zuckerberg, like so many business leaders, understand that President Trump…
Published: 2024-11-28 03:45:45
India, already an IPO bright spot, prepares for bigger surge in 2025
India has bucked the global trend in initial public offerings this year, establishing itself as a rare bright spot for tech listings while other major markets face continued headwinds. The world’s most populous nation is now preparing for an even more substantial wave of startup IPOs in 2025. More…
Published: 2024-11-28 03:45:52
FTC reportedly opens antitrust investigation into Microsoft
The FTC has launched an antitrust investigation into Microsoft, according to multiple reports that corroborate earlier reporting by the Financial Times. The agency is said to be looking into whether Microsoft violated antitrust law in multiple segments of its business, including its public cloud,…
Published: 2024-11-28 03:45:32
Russia destroys 2 drones over Rostov region
Russia downed two Ukrainian unmanned aerial vehicles (UAVs) over the Rostov region, according to a Telegram post by Acting Governor Yuri Slyusar. Slyusar stated that the two drones were shot down ove...
Published: 2024-11-28 03:45:40
A Single Point Of Failure
A Single Point Of Failure Submitted by Ahmed Bin Sulayem, Kimberly Process Chair 2024 The global diamond industry once again finds itself at a crossroads, and while the need to curb conflict diamonds and ensure ethical sourcing remains paramount, the European Union's proposal for a single…
Published: 2024-11-28 03:34:31
South Korea unexpectedly cuts rates by 25 basis points — first back-to-back cuts since 2009
South Korea on Thursday cut its benchmark interest rate by 25 basis points in a surprise move, as the country strives to boost its economy amid growth concerns. This was the first time the BOK enacted two back-to-back cuts since 2009. It had cut rates by 25 bps in its last meeting in October.…
Published: 2024-11-28 03:23:30
South Korea's central bank cuts a key rate to nurse a slower economy
South Korea’s central bank has lowered its key policy rate for the second straight month and says the country’s economy will grow at a slower pace than it initially anticipated
Published: 2024-11-28 03:23:32
Canada’s Premiers Urge Trudeau to Strengthen Border Security After Trump Tariff Threat
Published: 2024-11-28 03:34:30
Korea Surprises With Rate Cut Amid Trade Risks | Bloomberg: The Asia Trade 11/28/24
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg ...
Published: 2024-11-28 04:26:16
Yen Weakens on Likely Position Adjustments
The yen weakened against other G-10 and Asian currencies in the morning session on likely position adjustments by market participants after the Japanese currency’s recent rally.
Published: 2024-11-28 03:23:45
Retail Investors Are Key to Sustaining China's Stock-Market Rally
Retail investors in China shied away from stocks as markets dropped in 2022 and 2023, but they’ve been roused awake this year by Beijing’s efforts to bolster the economy.
Published: 2024-11-28 03:23:40
Asia-Pacific markets mixed as investors assess South Korea's surprise interest rate cut
Asia-Pacific markets traded mixed on Thursday after Wall Street rally stalled overnight and as investors assessed a surprise interest rate cut by South Korea. The U.S. personal consumption expenditure price index, or PCE, rose 2.3% on an annualized basis, accelerating from 2.1% in September. The…
Published: 2024-11-28 03:12:41
Lynas CEO: Cheap power 'fundamental' to Australia's industrial hopes
SYDNEY -- Australian rare earths producer Lynas won't move to more advanced processing at its new plant in Western Australia "without low-cost reliable power," said CEO Amanda Lacaze, noting that energy constraints risk holding back the country's broader manufacturing ambitions. The company opened…
Published: 2024-11-28 03:12:35
Mark Zuckerberg met with Donald Trump at Mar-a-Lago on November 27; sources: Zuckerberg, who has had a strained relationship with Trump, initiated the meeting
Mark Zuckerberg Meets With Trump at Mar-a-Lago The president-elect has long been critical of Mr. Zuckerberg’s social media platforms, saying they censor conservative viewpoints. Mark Zuckerberg met on Wednesday with President-elect Donald J. Trump in a rare face-to-face encounter, the latest…
Published: 2024-11-28 03:12:25
White House Crypto Czar?
We don't know a lot yet about Donald Trump's crypto plans, but we can at least see what's happened so far. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. <a href="https://www.coindesk.com/newsletters/state-of-crypto"…
Published: 2024-11-28 03:12:23
Pete Hegseth Reacts After Targeted Threat: 'Will Not Be Bullied'
Hegseth is one of several Trump Cabinet nominees who were purportedly targeted by bomb threats and swatting this week.
Published: 2024-11-28 03:12:24
Asia likely to benefit from cheaper Canadian and Mexican oil if Trump imposes tariffs
Two sources familiar with Trump's plan say that oil would not be exempted from potential tariff hikes on imports from Canada and Mexico.
Published: 2024-11-28 03:12:37
Online marketing costs jump amid bidding war by Temu and Shein
Both platforms' aggressive bids on search keywords used by competitors make it more costly for other retailers and brands to reach shoppers on Black Friday.
Published: 2024-11-28 03:12:20
CEOs are warning Trump tariffs will hit consumers: ‘Higher prices are not helpful’
The Tariff Man’s arrival is nigh, and executives aren’t exactly setting out cookies and milk for his visit. Rather, Fortune 500 CEOs are bracing for a period of high costs which, of course, will be hoisted onto the shoulders of already beleaguered consumers. This week, President-elect Donald Trump…
Published: 2024-11-28 03:01:45
Yen rises to 150, erasing losses from post-election Trump trades
TOKYO -- The Japanese yen appreciated to the upper 150 level to the dollar overnight Thursday, clawing back losses from Donald Trump's return to power. The currency passed the 151 mark for the first time since Oct. 22 after last month's U.S. consumer spending accelerated slightly more than expected.
Published: 2024-11-28 03:01:31
Thanksgiving Dinner Will Be 19% More Expensive This Year Than Before Biden Was Elected
Thanksgiving Dinner Will Be 19% More Expensive This Year Than Before Biden Was Elected Each year the American Farm Bureau Federation releases a price survey of classic items found on the Thanksgiving dinner table. This year, the average cost of feasting stands at $54.33, which is less than last…
Published: 2024-11-28 03:01:42
Exxon lobbyist probed over hacked papers that disrupted climate lawsuits
The stolen material continues to be used today to counter litigation claiming the oil giant misled the public and its investors about the risks of climate change.
Published: 2024-11-28 03:01:46
SoftBank seeks to buy $1.5 billion OpenAI shares from employees
SoftBank Group is aiming to increase its stake in OpenAI by acquiring up to $1.5 billion in shares from the startup’s employees, according to people familiar with the matter. The company will make a tender offer for the stock, allowing OpenAI employees to cash in shares if they choose. SoftBank…
Published: 2024-11-28 03:01:13
A Full List of Stores Closed on Thanksgiving Day
Thanksgiving has arrived, and with it comes the much-anticipated start of the Christmas season. For many people, the beloved November holiday provides a chance to gather with loved ones, indulge in a special meal or a day of relaxation, as well as embrace some early Black Friday shopping. However…
Published: 2024-11-28 02:51:02
S&P 500 Gains and Losses Today: Shares of PC Makers Fall as AI Adoption Stumbles
Key Takeaways - The S&P 500 slipped 0.4% on Wednesday, Nov. 27, as the latest PCE report revealed a slight month-over-month uptick in inflation during October. - Shares of HP and Dell moved lower after mixed earnings reports from the computer makers raised concerns about PC demand and the pace of…
Published: 2024-11-28 02:50:33
U.S. Border Agents Seize 3,000 Fake Gibson Guitars
At a glance, the Gibson guitars look like some of the most coveted six-stringed instruments in the world, including signature models played by Dave Grohl that sell for up to $10,000 and some that looked as if they had been autographed by Slash. A closer look by any guitar connoisseur, though,…
Published: 2024-11-28 02:50:33
Will The Bitcoin Price Repeat the November 28 ATH Pattern of 2013 and 2017 in 2024?
Published: 2024-11-28 02:50:24
Stable Indian Rupee Weathers Currency Storm Unleashed By Trump's Tariff Threats
Published: 2024-11-28 03:01:43
Sheinbaum: Mexico to build bridges, not close borders
More to come......
Published: 2024-11-28 02:50:23
Trump voters feel very differently about things now that he’s won, our new poll shows
Published: 2024-11-28 02:39:24
Are banks open today? Federal bank holidays in 2024
Key takeaways Most banks are closed on the 11 holidays when the Federal Reserve is closed. You can usually find alternative ways to bank when your bank isn’t open. A bank holiday, like a weekend, can affect how long it takes for funds from a check to become available in your account. Bank holidays…
Published: 2024-11-28 02:39:22
South Korea’s central bank cuts a key rate to nurse a slower economy
South Korea’s central bank has lowered its key policy rate for the second straight month and says the country’s economy will grow at a slower pace than it initially anticipated.
Published: 2024-11-28 03:12:26
Oil edges lower after jump in US gasoline stocks, OPEC+ supply decision in focus
Oil prices edged lower in Asian trading on Thursday, after a surprise jump in U.S. gasoline stocks ahead of the nation's Thanksgiving holiday sparked worry over demand in the top consumer of the motor fuel.
Published: 2024-11-28 02:39:27
'Buckle up, buttercup': Crockett forecasts the impact of Trump's economic plan
It's time to buckle up, buttercup,” says Rep. Jasmine Crockett, D-Texas, warning about the effects of President-elect Donald ...
Published: 2024-11-28 04:26:25
China's state media praise some U.S. firms amid fears of a new trade war
China's state media have praised some U.S. firms for "strong collaboration" - commentary that comes amid fears of a trade war and is reminiscent of how tensions with the U.S. were covered by Chinese newspapers during Donald Trump's first presidency.
Published: 2024-11-28 02:39:16
Asia mixed after South Korea's unexpected rate cut
Major stock indexes in the Asia-Pacific region traded mixed on Thursday after South Korea's central bank unexpectedly slashed its benchmark interest rate by 25 basis points to 3%. South Korea&#39...
Published: 2024-11-28 02:39:20
Financialization & Missed Boats: When Mythology Papers Over Reality
Financialization & Missed Boats: When Mythology Papers Over Reality Authored by David Bahnsen via The American Institute for Economic Research, Executive Summary Despite its ubiquitous use in modern America, the term ‘financialization’ is deeply misunderstood. Evidence shows the concept’s…
Published: 2024-11-28 02:39:38
No, Broadcom did not just end VMware's flagship VCDX certification program
No, Broadcom did not just end VMware's flagship VCDX certification program Sure, it sent an email and FAQ saying it had – but that was a mistake, you see Broadcom has made an embarrassing mistake: sending an email in which it mistakenly announced the end of its VMware Certified Design Expert…
Published: 2024-11-28 02:39:18
Taiwan-Lithuania ties face test with eastern Europe in China's thrall
HAMBURG, Germany -- Taiwanese Foreign Minister Lin Chia-lung's recent weeklong visit to Lithuania produced two agreements for collaboration on drones and a speech about the democratic values the island shares with the Baltic country. But Lin's trip, which also took him briefly to Belgium and…
Published: 2024-11-28 02:28:32
United Airlines Reports Major Delays At Newark Airport Due To Ongoing Air Traffic Controller Shortage
United Airlines continues to be dissatisfied with the air traffic control situation at its primary hub at Newark Liberty International Airport (EWR). The United States has been grappling with a shortage of ATC personnel, and some airports, like Newark, have been affected more than…
Published: 2024-11-28 02:28:19
Hong Kong stocks slide after posting biggest gain in 5 weeks
Stocks struggle to emerge from a slump that has dragged benchmark down 16 per cent from this year’s high in October.
Published: 2024-11-28 02:28:09
Trump speaks with Mexico's president, claims an agreement to effectively close the border
Two days after President-elect Donald Trump threatened to impose sweeping new tariffs on Canada and Mexico as part of his effort to crack down on illegal immigration and drugs, he says he spoke with the Mexican president and she “agreed to stop Migrati...
Published: 2024-11-28 02:28:28
South Korean central bank surprises with rate cut
BUSAN, South Korea -- South Korea's central bank surprised observers by cutting the key rate for a second consecutive meeting on Thursday, amid projections of slow growth for Asia's fourth-largest economy. The Bank of Korea trimmed its benchmark rate by a quarter percentage point to 3%, following…
Published: 2024-11-28 02:17:51
Microsoft says a feature to let US users play and buy Xbox games from the Xbox app on Android is “ready to go live as soon as the court makes a final decision”
A few weeks ago, Microsoft exec Sarah Bond said that in November, “players will be able to play and purchase Xbox games directly from the Xbox App on Android.” It’s almost December and the feature still isn’t live, but Bond says it’s not Microsoft’s fault. The problem, as she puts it, is that…
Published: 2024-11-28 02:17:27
Malaysian air cargo operator banks on China-ASEAN e-commerce
KUALA LUMPUR -- Teleport, a Malaysian air cargo operator, is seeking to take advantage of the growing volume of parcels moving between China and Southeast Asian countries as e-commerce platforms expand their cross-border services. The company recently opened an office in the southeastern Chinese…
Published: 2024-11-28 02:17:15
5 Things to Know Before the Stock Market Opens
Investors are awaiting today's release of the Personal Consumption Expenditures (PCE) inflation report for October, which is expected to show increasing price pressures; U.S. stock futures are little changed as investors await economic data and the Thanksgiving holiday; Dell (DELL) stock is…
Published: 2024-11-28 02:17:09
Elon Musk Wants to ‘Delete’ the Consumer Financial Protection Bureau
Musk posted “Delete CFPB. There are too many duplicative regulatory agencies,” on X.
Published: 2024-11-28 02:28:04
Mexico's president and Trump had an upbeat call despite dust-up over tariffs
President-elect Donald Trump said his conversation Wednesday with Mexican President Claudia Sheinbaum was “wonderful” and “very productive.” She, in turn, described their phone call as “excellent.” Their upbeat readouts on the call marked a contrast from earlier in the week, when Trump warned he…
Published: 2024-11-28 02:17:11
Israel bombs 2 houses, school in North Gaza
Israel attacked the Beit Lahiya area in Gaza bombing two houses that resulted in at least four casualties, according to a report by the Palestinian Information Center, as well as the Quds News Network...
Published: 2024-11-28 02:17:26
3 killed in fiery Tesla Cybertruck crash in northern California
PIEDMONT, Calif. — Three people were killed and one seriously injured early Wednesday when a Tesla Cybertruck crashed and caught fire in northern California, officials said. Piedmont Police Chief Jeremy Bowers said speed was likely a factor in the single-vehicle collision, but he added that…
Published: 2024-11-28 02:06:18
JGBs Edge Higher, Tracking Gains in U.S. Treasurys
Japanese government bonds edged higher in Tokyo’s morning session, tracking overnight price gains in U.S. Treasurys.
Published: 2024-11-28 02:17:25
Is McDonald’s open on Thanksgiving?
Thanksgiving Day celebrates gratitude shared among family, friends, and loved ones, but one cannot deny that food also plays a significant role in the celebration. Many families all over the U.S. spend half a day cooking and making sure everyone is well-fed. However, not everyone has the patience…
Published: 2024-11-28 02:17:10
Amazon develops video AI model, The Information reports
Amazon has developed new generative artificial intelligence that can process images and video in addition to text, The Information reported on Wednesday.
Published: 2024-11-28 02:06:06
Chinese companies rush to tap convertible bond market
Alibaba and Ping An among corporates attracted to cheaper form of financing
Published: 2024-11-28 02:17:16
Trump speaks with Mexico’s president, claims an agreement to effectively close the border
Two days after President-elect Donald Trump threatened to impose sweeping new tariffs on Canada and Mexico as part of his effort to crack down on illegal immigration and drugs, he says he spoke with the Mexican president and she “agreed to stop Migration through Mexico.”.
Published: 2024-11-28 03:12:30
Arabica Futures Surge Into Blue-Sky Breakout As Traders Panic: "We Might Not Have Enough Coffee"
Arabica Futures Surge Into Blue-Sky Breakout As Traders Panic: "We Might Not Have Enough Coffee" Arabica coffee futures blasted through March 1977 highs into blue sky breakout territory as traders panicked about global supply fears originating in Brazil, the world's top producer. Arabica beans…
Published: 2024-11-28 02:06:12
China’s unicorns driving Asia’s growth story
At the Smart Nation Expo 2024 in Kuala Lumpur from November 21, Ge Jun, Co-Chair of the Board of TOJOY Holding and CEO of TOJOY Enterprise Services, delivered a bold message about the role of China’s unicorns in shaping the future of productivity and innovation across Asia. His speech, part of…
Published: 2024-11-28 02:06:18
Zuckerberg meets with Trump in Florida
Facebook founder Mark Zuckerbeg made the trek to Mar-a-Lago on Wednesday, where he met with President-elect Donald Trump and members of his soon-to-be second administration. The Meta CEO was seen with a large security and staff presence while at Trump’s private Palm Beach club in the evening, a…
Published: 2024-11-28 02:06:27
First 24-hour US stock exchange approved
First 24-hour US stock exchange approved Then $75 per month. Complete digital access to quality FT journalism on any device. Cancel anytime during your trial.
Published: 2024-11-28 01:55:23
Social Security Retirees Just Got Bad News About the 2025 Cost-of-Living Adjustment (COLA)
Social Security benefits are adjusted annually to account for inflation in the previous year. For instance, retirees and other beneficiaries will receive a 2.5% cost-of-living adjustment (COLA) in 2025 to account for rising prices in 2024. Unfortunately, that will be the smallest increase in…
Published: 2024-11-28 01:55:11
‘Buckle up, Buttercup’: Rep. Crockett sounds alarm over Trump economic agenda
It's time to buckle up, buttercup,” says Rep. Jasmine Crockett, warning about the effects of Trump's economic agenda, “Because it ...
Published: 2024-11-28 02:11:44
Gold Lower; Price Likely to Be Volatile Near Term
Gold fell in early Asian trading as prices rebounded slightly overnight on a weaker U.S. dollar but trimmed gains after U.S. data showed stalled inflation progress, UOB analysts say in a commentary.
Published: 2024-11-28 02:06:15
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