The U.S. Securities and Exchange Commission (SEC) recently clarified that an announcement regarding the approval of bitcoin exchange-traded funds (ETFs) on social media was false. According to the SEC, their official Twitter account was compromised, and the unauthorized tweet regarding bitcoin ETFs did not originate from the commission or its staff. This incident caused a
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In a major blow to aerospace giant Boeing, the Federal Aviation Administration (FAA) recently ordered a temporary grounding of dozens of Boeing 737 Max 9 aircraft. This directive, issued after a plane experienced a blowout incident during a flight, affects around 171 planes worldwide. The news has sent shockwaves through the industry, resulting in a
The recent incident involving a Boeing 737 Max 9 aircraft has prompted the Federal Aviation Administration (FAA) to take immediate action. On Saturday, the FAA issued an emergency airworthiness directive, ordering airlines to ground more than 170 Boeing 737 Max 9 planes worldwide for inspections. This directive applies not only to U.S. airlines but also
Lebanon’s Hezbollah group, with backing from Iran, made headlines on Saturday after it fired rockets at Israel. In response, Israel claimed to have struck a “terrorist cell.” This escalation of violence comes as U.S. Secretary of State Antony Blinken and the European Union’s senior diplomat, Josep Borrell, visited the region in an effort to find
Tesla, the renowned electric automaker, recently announced a massive recall affecting more than 1.6 million cars in China. The recall aims to address concerns regarding both Autopilot features and locks. In this article, we delve into the details of the recall and its implications for Tesla and its customers. This recall comes in the wake
Alibaba, the Chinese tech giant, has faced numerous challenges in the past year that have cast doubt on its future prospects. One significant setback was the company’s decision to cancel the public listing of its cloud computing unit, which had been a potential avenue for investors to capitalize on the growth of artificial intelligence (AI).
With interest rate cuts on the horizon, markets around the world are grappling with uncertainty. The minutes of the Federal Open Market Committee meeting in December revealed that while Federal Reserve officials are largely in favor of rate cuts, there is an “unusually elevated degree of uncertainty” over when, or even if, these cuts will
The stock market is poised for a turbulent year ahead, and the U.S. 10-year Treasury yield is forecasted to rise above 5%, according to a leading technical strategist. After an impressive rally in the final two months of 2023, the S&P 500 closed the year with a 24.23% gain, recording its fourth positive year out
The stock market had an impressive run in 2023, but what can investors expect in 2024? Wall Street strategists are predicting much lower returns and warning of potential risks that could impact stock market performance. Let’s take a closer look at the outlook for stock market returns in the new year. Stock futures were flat
In his recent New Year’s address, President Xi Jinping of China made it clear that the “reunification” of Taiwan with the mainland is inevitable. This statement comes at a crucial time, as Taiwan prepares to hold presidential and parliamentary elections on January 13th. The relationship between Beijing and Taipei has been strained, with China escalating