The S&P 500 (SNPINDEX: ^GSPC) advanced 14.5% in the first half of 2024. That momentum was initially driven by rate-cut hopes. Investors entered the year thinking the Federal Reserve would cut its benchmark interest rate six times. But sticky inflation reset those expectations. The market now anticipates just two cuts later this year, according to […]
The European Union is escalating its scrutiny of the artificial intelligence industry, including taking a fresh look into Microsoft’s multibillion-dollar partnership with OpenAI, a top EU official said on Friday. The European Commission, the bloc’s executive arm, started reviewing the deal last year to see whether it broke EU merger rules but dropped it after […]
WASHINGTON (AP) — When Jamaal Bowman first ran for Congress, he chastised his opponent — a 16-term Democratic congressman who chaired a powerful House committee — as disconnected from his suburban New York district and too focused on foreign policy. The message helped Bowman defeat incumbent Rep. Eliot Engel and become the first Black man […]
Sen. Joe Manchin (I-W.Va.) has signaled he will vote for Joe Biden in November’s election, despite leaving the Democratic Party to register as an independent, as he ruled out backing Donald Trump at the ballot box. Last November, the West Virginia senator announced he would quit the party and not seek a third term in […]
peshkov/Getty Images A high concentration of warning signals suggest a major market correction ahead, John Hussman said. “There’s nothing magical about these syndromes, but when dozens of them kick in at the same time, we do pay attention.” Despite his warning, Wall Street remains bullish, expecting the index to stay above 5,000 this year. A […]
Bitcoin’s Key Indicators Flash Bullish Signals, According to Trader Popular trader Roman recently highlighted two classic technical indicators for BTC/USD, suggesting that Bitcoin (BTC) could be setting the stage for a significant price breakout. Roman’s analysis points to the Relative Strength Index (RSI) and Bollinger Bands on the weekly chart as key signals for a […]
President Joe Biden’s campaign co-chair Mitch Landrieu on Sunday hinted that Biden will hit former President Donald Trump on his legal troubles at Thursday’s presidential debate in Atlanta. In an interview on NBC’s “Meet the Press,” Landrieu said, “It really doesn’t matter how Donald Trump shows up if he comes in unhinged, like he is […]
Michael Dell, CEO of $100-billion-plus market cap Dell Technologies (DELL), showed at least some vague interest in bitcoin {{BTC}}, recirculating a BTC-friendly post on X from Bitcoin evangelist Michael Saylor. It started Thursday when Dell posted, “Scarcity creates value.” That prompted a reply from Saylor, the executive chairman of MicroStrategy (MSTR), saying, “Bitcoin is Digital […]
Bank of Japan Deputy Governor Shinichi Uchida said on Friday the central bank will “adjust the degree of monetary support” if the economy and prices move in line with its forecasts, signalling readiness to raise interest rates further. Economy is recovering “Japan’s economy is recovering moderately, although there are some weak signs,” Uchida said in […]
Fast radio bursts flash in the sky over Earth. | Credit: NRAO Outreach/T. Jarrett (IPAC/Caltech); B. Saxton, NRAO/AUI/NSF Fast radio bursts (FRBs) are intense, short-lived blasts of radio waves hailing from beyond the Milky Way that can emit the same amount of energy in just thousandths of a second that the sun takes three days […]
By Lucy Craymer WELLINGTON (Reuters) -There is a growing demand in China for high-quality dairy, beef and lamb products from New Zealand, Premier Li Qiang said on Friday, the second day of his trip to the Pacific island nation. Li’s trip to the region, which also includes a four-day stopover in Australia starting on Saturday, […]
By Dmitry Antonov and Nelson Acosta MOSCOW/HAVANA (Reuters) – Russia said on Thursday that the United States should not be nervous about Russian warships in Cuba but that the West appeared deaf to any diplomatic signals from Moscow and only took notice when the army or navy took action. A Russian navy frigate and a […]