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BUSINESS

  • Bitcoin to Be the World’s Official Currency? CZ Predicts Global Adoption in 10 Years Changpeng Zhao predicts Bitcoin will become a key global financial asset within a decade, replacing gold and aiding economies.
  • Russia Losing the Battle Against Inflation? Central Bank Raises Rates by 200 Basis Points The Bank of Russia is set to raise its key interest rate to 23% due to soaring inflation driven by the ongoing conflict and sanctions.
  • Ford’s Sales Aren’t Enough to Save Its Stock – Here’s Why Analysts Are Concerned Ford's stock dropped after Jefferies downgraded it due to inventory issues and strategic challenges, now targeting $9.
  • Bitcoin Hits Historic High of $106K: How Trump’s Comments and Fed Moves Are Impacting Crypto Markets Bitcoin reached a record high of $106,458, fueled by Trump's comments on a strategic reserve fund and potential Fed interest rate cuts.
  • Why Are Oil Prices Dropping? Fed’s Decision and China’s Economic Slowdown Explained Oil prices continued downward as investors grew cautious ahead of the Federal Reserve's upcoming interest rate decision.
  • Bitcoin Hits Record High, But Wall Street’s Top Investors Are Having Second Thoughts Wall Street's top investors are reassessing Bitcoin, with some softening their criticism and acknowledging its potential as an asset.
  • UAE Aims to Lead the World in Sustainability with Revolutionary Battery Recycling Project The UAE announces its first battery recycling plant, aiming to support sustainability and the growing electric vehicle ecosystem.
  • Detroit Refinery Strike Ends with Victory for Workers – Inside the New Deal at Marathon Petroleum Marathon Petroleum resolves labor dispute with Teamsters, ratifying a seven-year agreement after a three-month strike at Detroit refinery.
  • JP Morgan’s Strong Performance and Capital Ratios Make It the Top Bank Stock of 2024 JP Morgan maintains strong U.S. bank stock status with resilient net interest margins and robust non-interest income.
  • Apple's AirPods Now Made in India, Phasing Out China Apple begins pilot production of AirPods in India, marking a shift in manufacturing strategy amid rising costs in China.
  • Altman Supports Trump’s Leadership in AI – OpenAI’s $1 Million Donation Sparks Buzz Sam Altman donates $1M to Trump's inauguration, aligning with tech leaders to foster a cooperative relationship with the new administration.
  • Costco’s Solid Performance Outpaces the S&P 500 – Here’s Why You Should Care Costco's Q1 revenue hit $62.2B, surpassing forecasts, with strong membership growth and stable performance boosting stock value.
  • Oil Prices Rise as EU and U.S. Eye Sanctions on Russian Crude Global oil prices rise due to potential sanctions on Russian crude, while Broadcom hits a $1 trillion market cap amid strong earnings.
  • Mineral Wars: How Nations Are Competing to Secure Energy Resources Global competition for critical minerals intensifies as nations adopt protectionist policies to secure resources for energy transitions.
  • NVIDIA's Big Move in China: 1,000 New Hires to Boost AI Automotive Projects NVIDIA is rapidly expanding its AI research team in China, focusing on autonomous driving projects amid rising demand for semiconductors.
  • Goldman Sachs Predicts Tesla and Rivian Will Dominate Self-Driving Cars Goldman Sachs, a leading global investment bank, has forecasted that Tesla and Rivian will dominate the autonomous vehicle market next year.
  • U.S. Inflation Slows, But Experts Say It’ll Take Time to Cool Off November CPI shows inflation rising slowly due to strong consumer demand, with core inflation at 3.3% and food prices increasing.
  • Elon Musk Breaks Records—$400 Billion Net Worth Makes Him the Richest Elon Musk's net worth surpasses $400 billion, driven by Tesla's stock surge and SpaceX valuation growth amid investor optimism.
  • Elon Musk Becomes the World’s First $400 Billion Man, Thanks to Tesla and SpaceX Tesla's stock soared to an all-time high under Elon Musk, boosting his net worth to over $400 billion amid investor enthusiasm.
  • TikTok Fights Back Against Canadian Government's Shutdown Order, Arguing Unfair Treatment TikTok challenges Canada’s order to dissolve its business, claiming it exceeds authority and is procedurally unfair.
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