US Treasuries have largely recovered from early losses on Monday as traders prepare for an important week of economic data, including the release of jobs and a speech by Federal Reserve Chair Jerome Powell. A key Fed official has boosted odds for a potential rate cut in December to 70%. The recovery comes after yields … Read more
US President-elect Donald Trump recently threatened BRICS countries with “100% tariffs” if they pursue their own currency or alternatives to the US dollar. However, economists say this may be an overestimation of the group’s intentions and could potentially hurt the dollar’s status. The BRICs (Brazil, Russia, India, and China) alliance was formed in 2009, aiming … Read more
US Treasuries plummeted on Monday as investors eagerly awaited critical economic data and Federal Reserve Chair Jerome Powell’s remarks, which may influence future interest rate policy decisions. The yields on the five-year US note surged by six basis points to 4.10%, with expectations of a jobs report and Powell’s comments potentially shaping the central bank’s … Read more
Russia is increasingly willing to trigger “mass casualty events” in Europe, according to experts. Tensions between Moscow and European allies have reached a breaking point after Russia’s aggressive actions in Ukraine. Britain and the US have authorized Ukraine to strike back at Russian territory, prompting Russia’s response with warnings of retaliation. Analysts believe Russia has … Read more
Home improvement giant Home Depot reported a lower-than-expected sales growth, citing rising interest rates and consumer concerns about the economy. The company’s CEO, Ted Decker, attributed the decline to consumers spending less on home renovation projects due to increased pressure from high interest rates. According to Decker, the heightened macroeconomic uncertainty has led to reduced … Read more
Intel has announced its next-generation desktop graphics cards, the Arc B580 and Arc B570, priced at $249 and $219 respectively. The new GPUs are based on the Xe2 “Battlemage” architecture, which offers better performance per dollar compared to its competitors. The Arc B580 boasts 12GB of dedicated video memory, up to 190W of power, and … Read more
A new patch, version 1.1.10.0, has been released for PC players, addressing several stability issues and crashes encountered by users. To prevent any unexpected impact on the game’s performance and behavior, it is recommended to move outdated community package(s) from the community folder before relaunching. The update includes fixes for various crashes, including those that … Read more
Jake Paul has announced his retirement from the influencer boxing format and crowned AnEsonGib as the best influencer boxer in the world. The 27-year-old YouTuber-turned-professional boxer stepped down after nearly five years of competition, boasting an impressive 11-1 record with notable victories over Anderson Silva, Nate Diaz, Tyron Woodley, and Ben Askren. Paul’s most recent … Read more
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A recent study by capital adviser Jeff Walton suggests that even an 80% decline in the price of Bitcoin would not significantly impact MicroStrategy’s (MSTR) Bitcoin treasury. The analysis found that the company could survive a $95,195 to $18,826 price drop without substantial issues. MicroStrategy holds an increasingly large amount of BTC on its balance … Read more