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Business and Finance
Demand for global equity funds tumbled sharply as a strong jobs report and rising US Treasury yields dampened expectations for rate cuts by the Federal Reserve, causing massive redemptions from U.S. equity and money market funds.
technology
Nintendo has finally confirmed the release of its long-awaited Switch 2 console, scheduled for launch in 2025. The console will have a bigger design and updated Joy-Cons, but will be able to play new as well as older Switch games.
world news
On January 20, Donald Trump will be inaugurated as the 47th U.S. president for his second nonconsecutive term. The event will feature performances from Carrie Underwood and Jason Aldean.
world news
Hino Motors, a Toyota unit, reached a $1.6 billion settlement with U.S. agencies over excessive diesel engine emissions, admitting to fraud and falsifying data, affecting over 105,000 vehicles.
stock market
Asian shares showed mixed performance as China announced its 5% economic growth for 2024, aligning with official targets but signaling a slowdown from previous years. U.S. futures rose, while oil prices climbed.
world news
President Joe Biden will not enforce the looming TikTok ban, effectively leaving the popular Chinese-owned social media app at the mercy of President-elect Donald Trump as he prepares to assume office.
world news
Chemours, the American company behind Teflon, is leading lobbying efforts to weaken the European Union's proposed ban on PFAS, or "forever chemicals," which are linked to serious health risks.
Business and Finance
The global economy is likely to be flat this year, with 2.7% growth-anemic performance outside of the 2019 contraction from the pandemic. Rising tensions and tariffs on trade, primarily from the United States, jeopardize economic stability worldwide.
Business and Finance
America's biggest banks the Dow jumped 703 points, or 1.65%, while the S&P 500 and Nasdaq Composite added 1.83% and 2.45%, respectively. Strong corporate earnings and lower core inflation have helped investors become optimistic about financial markets in early 2025.
Bitcoin $100,000
Briefly breaching $100,000, Bitcoin rode optimism fueled by cooling U.S. inflation as investors bet the currency would outperform other asset classes. Cryptocurrency market was booming, said analysts, driven by Federal Reserve policy shifts and growing institutional interest.
world news
The Prime Minister of Australia, Anthony Albanese, has sent a strong message to Elon Musk, advising him to comply with Australia's foreign interference laws. The government is taking stern action against foreign interference in the affairs of the nation.
world news
Polish President Andrzej Duda has urged NATO to invite Ukraine to join the alliance immediately, emphasizing its strategic importance and the need for enhanced security amid ongoing Russian aggression.