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August 19, 2024 China Restricts Strategic Mineral Exports: China has announced plans to limit exports of certain strategic minerals starting in 2024. The move is expected to impact global supply chains and prices for these critical resources. The decision highlights China’s growing assertiveness in managing its natural resource assets and the potential for increased geopolitical […]
August 18, 2024 Weekly: Latest Updates and Insights US Economic Indicators for July 2024: In July 2024, the US reported a seasonally adjusted core Consumer Price Index (CPI) increase of 0.2%, aligning with expectations and up from a previous value of 0.1%. The unadjusted CPI year-on-year rate stood at 2.9%, slightly below the anticipated 3.0%,
August 11, 2024 Google Loses Major Antitrust Lawsuit:A federal judge ruled that Google violated antitrust laws in building its internet search empire, finding the company to be a monopolist that engaged in unlawful practices to maintain its dominance; the landmark decision could have significant implications for how people use the internet and could lead to
August 11, 2024 Weekly: Latest Updates and Insights Russia Legalizes Cryptocurrency Mining: Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in Russia, introducing new concepts such as digital currency mining, mining pools, and mining infrastructure operators. The law grants mining rights to Russian legal entities and individual entrepreneurs included in a register,
August 05, 2024 Major Transformations in Tech Jobs Due to AI Demand Reskilling: A recent report highlights that 92% of ICT-related jobs will experience significant changes due to AI advancements, necessitating new skills such as AI literacy and data analytics. In response, major companies like Cisco, Google, and Microsoft are committing to extensive training programs
August 04, 2024 Weekly: Latest Updates and Insights Traders Brace for Fed’s Rate Policy Outlook: As the Federal Reserve’s July policy meeting approaches, investors are shifting their focus from immediate interest rate decisions to potential signals for rate cuts in September. Market participants expect the Fed to maintain its current rate while closely monitoring statements
July 28, 2024 Goldman Sachs Analyzes Signs of Slowing U.S. Consumer Spending: While U.S. consumer spending is showing signs of slowing, Goldman Sachs Research views this as more of a normalization rather than an indication of a looming downturn, citing factors such as relatively high levels of employment, household wealth, and low debt levels that
July 27, 2024 Weekly: Latest Updates and Insights Ethereum ETFs Attract $107 Million in First Day of Flows: James Seyffart has reported that Ethereum ETFs garnered $107 million in inflows on their first full day of trading. This significant interest highlights the growing demand for Ethereum investment products in the cryptocurrency market. U.S. Q2 GDP
July 22, 2024 Biden Announces Resignation from Presidential Race, Citing National Interest: President Joe Biden has announced his decision to withdraw from the presidential race, emphasizing that it is in the best interest of both his party and the country. In a heartfelt statement, he reflected on the progress made during his administration and expressed
July 21, 2024 Weekly: Latest Updates and Insights SEC Approves Trading for Ether ETFs Starting July 23: The SEC has informed issuers of spot Ether exchange-traded funds (ETFs) that they can begin trading on July 23, following the submission of amended S-1 documents. This announcement has led to a surge in Ether’s price, with expectations
