BOJ discussed timely rate rise at June meeting

The Bank of Japan engaged in a conversation regarding the potential for an imminent increase in interest rates during the month of June. A summary of…

Broad Crypto Market Selloff Drops Bitcoin to One-Month Low

The price of bitcoin fell to its lowest level in a month due to money being taken out of digital asset investment products and the anticipation of fu…

Australia's first Bitcoin ETF holds 46 Bitcoins since launch

Australia's first Bitcoin spot Exchange Traded Fund (ETF), IBTC, has amassed 46 Bitcoins since its launch, claims Odaily. Julian Fahrer, a crypto…

EU Raises Tariffs on Chinese EVs to 38.1% to Increase Local Production

The European Union has authorized import taxes on Chinese electric cars ranging up to 38.1%. The tariffs seek to assist the European EV supply networ…

Inflation fell marginally in May 2024

Slightly improving from the previous month, consumer prices increased 3.3% in May compared to a year earlier, exceeding projections made by experts. …

US examines restrictions on China's AI chip access

The Biden government is debating further limitations on China's access to cutting-edge semiconductor technologies. Important technologies under l…

Global economies experienced strong growth in May 2024

That's 17 months in a row of growth for the Caixin Purchasing Managers Index (PMI) in China, which rose to 54 in May. At the same time, Malaysia…

Apple announces AI innovations and iPhone upgrades

The 24th World Wide Developers Conference (WWDC) for Apple is set to happen from June 10-21. This event will show off new AI features, such as the a…

The launch of Australia's inaugural Bitcoin ETF is imminent

Australia's first spot Bitcoin ETF, IBTC, is about to be launched by Monochrome Asset Management. This ETF, which is regulated by ASIC, has Gemi…

Dell stock drops by 19.6% despite AI progress

Dell Technologies' stock experienced a 19.6% decline following the release of its first-quarter earnings report. Revenue saw a 6% increase, reac…

U.S. stocks decline as Salesforce drops 19% due to poor outlook

Thursday saw major falls in U.S. markets as the Dow Jones plummeted 1.1%, the S&P 500 dropped 0.4%, and the Nasdaq Composite dropped 0.5%. With …

Nvidia has announced a 10:1 stock split to enhance accessibility and appeal to investors

Nvidia (NASDAQ: NVDA) discloses plans for a 10:1 stock split set for June 7, 2024, with the goal of boosting accessibility for employees and investo…

Global markets are falling owing to interest rate fears

Wednesday and Thursday, major measures saw big drops in the stock markets around the world, which kept pushing prices down. Concerns about higher in…

BlackRock's IBIT is now the biggest cryptocurrency exchange-traded fund

The IBIT Bitcoin ETF from BlackRock is now the largest bitcoin ETF in the world, with $20 billion in assets. It has been able to grow quickly, beatin…