JUNE 24, 2024 Will Debt Sink the American Empire?: While the growing US national debt is a significant long-term concern, it is unlikely to directly “sink the American empire” in the near future. However, the debt trajectory could gradually erode US global influence and economic power if not addressed through bipartisan fiscal reforms. The US […]
June 23, 2024 Weekly: Latest Updates and Insights Neel Kashkari Discusses Interest Rates and Economic Outlook on “Face the Nation”: In a recent interview on “Face the Nation,” Minneapolis Federal Reserve President Neel Kashkari addressed the decision to maintain unchanged interest rates, emphasizing the need for further evidence to confirm inflation’s trajectory towards the 2%
JUNE 17, 2024 Stung by Past Mistakes, a Wary Fed Takes Its Time: The Federal Reserve, scarred by past policy missteps, is adopting a cautious and deliberate approach to adjusting interest rates, determined not to repeat historical errors that have had severe economic consequences. Wary of prematurely easing or overshooting in the opposite direction, the
June 16, 2024 Weekly: Latest Updates and Insights Inflation Cools in May, Federal Reserve Holds Rates Steady: The U.S. Consumer Price Index (CPI) report for May, set to be released on June 12, is anticipated to demonstrate a year-over-year inflation rate of 3.4%, unchanged from April, as lower energy prices and stable food costs are
JUNE 10, 2024 Keith Gill’s GameStop Trades Pose Conundrum for Market Cops: Legal experts argue that the available evidence makes it unlikely the SEC will be able to build a successful market manipulation case against Keith Gill, the influential “Roaring Kitty” figure, despite his substantial GameStop investment and social media presence fueling the stock’s meteoric
JUNE 03, 2024 Salesforce’s stock suffers its biggest drop in two decades: Salesforce’s stock plummeted 19.7% on Thursday, representing the company’s largest single-day percentage drop since 2004 and the biggest one-day point drag for a single stock in the Dow Jones Industrial Average in 20 years. Investors were spooked by Salesforce’s cut to its subscription-revenue
June 02, 2024 Weekly: Latest Updates and Insights Mt. Gox Transfers Over 140,000 BTC in Preparation for Creditor Repayments: On May 28, Mt. Gox transferred over 140,000 BTC, valued at approximately $9 billion, to a new wallet as part of its long-awaited repayment plan for creditors, with the rehabilitation trustee confirming that no sales of
May 27, 2024 SoftBank Targets $9bn a Year in AI Investments While Hunting Bigger Deals: SoftBank, the Japanese tech group, is prepared to commit close to $9 billion annually to artificial intelligence (AI) investments. Despite this commitment, SoftBank is also holding back firepower for larger deals aimed at accelerating its most radical transformation to date.
May 26, 2024 Weekly: Latest Updates and Insights SEC Approves Eight Spot Ethereum ETFs, Recognizing ETH as a Commodity: On Thursday evening, the U.S. Securities and Exchange Commission (SEC) approved Form 19b-4 filings for eight issuers of Ethereum ETFs, including major firms like BlackRock, Fidelity, and Grayscale, marking a significant regulatory milestone. This decision indicates
May 24, 2024 Clarify Objectives in the Introduction: The primary purpose of this project is to develop an offline language translation application using Python, targeting users such as frequent travelers, professionals working in remote areas, and those needing privacy during sensitive translations. This application allows users to translate text between multiple languages directly on their
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