Montana Faces Economic Blow with Potential Mine ClosureThe Montana palladium mine owned by Sibanye Stillwater, a South African mining company, is expected to shut down.
IMF Warns: U.S. Trade Sanctions on China Could Backfire on EconomyThe IMF has pointed out that trade sanctions against China negatively impact both the global and U.S. economies.
Denmark Introduces 'Fart Tax' to Curb EmissionsDenmark, known as the dairy powerhouse, has decided to impose a carbon tax on farmers for the first time in the world. The so-called “fart tax” that is imposed depending on carbon dioxide emissions, is expected to levy approximately $107 per cow annually. According to the Financial Times (FT) on the 25th (local time), the […]
Could Taxing the Super Rich Fix Our Economy?A study suggested that a minimal additional tax on the world’s billionaires could potentially collect up to $250 billion annually. On the 25th (local time), the Financial Times (FT) reported that participants in a study commissioned by the Group of 20 (G20) indicated it is technically feasible to collect such an amount in taxes from […]
NVIDIA Execs Cash Out, Stock Drops 6% in One DayAmid a 6% plunge in a single day, NVIDIA CEO and other executives' stock sales have been pointed out as fueling investor anxiety.
Apple Slashes Workforce by 50%: Automation Takes Over iPhone AssemblyApple proposed its supply chain and production automation initiatives, which were postponed due to high initial costs.
Certification Scandal Halts Toyota’s Latest Lexus SUV RolloutToyota Motor Corporation, which was caught in certification fraud, is delaying the production and release of the new Lexus GX550. According to the Nihon Keizai Shimbun (Nikkei) on the 25th, Toyota is expected to delay the production and release of 100 Lexus GX550s that were pre-sold until mid-last month. Although this model was not found […]
Dow Up, S&P Down: What's Driving Wall Street's Rollercoaster?The major New York Stock exchanges experienced mixed closes for the third consecutive day.
Nvidia Faces 98% Drop Amid Market Bubble WarningsNvidia, which has risen 174% this year, has fallen sharply for three trading days, bringing back concerns about the second dotcom bubble.
Bank of England Aims for Predictability Amid Price FluctuationsDespite the drop in U.K. inflation, the Bank of England (BOE) maintained interest rates at 5.25%. Euronews reported on the 20th (local time) that the BOE decided on monetary policies in line with the market expectations and maintained the interest rate for the seventh consecutive time. Although the possibility of a decrease was raised as […]
Bitcoin Bonanza: MicroStrategy's Massive $780 Million Purchase Shocks Market“This man is the real deal.” According to foreign media reports on the 21st, U.S., corporate software company MicroStrategy recently issued convertible bonds (CB) to purchase an additional $780 million worth of Bitcoin. They made this purchase as Bitcoin prices fell below $65,000. MicroStrategy is famous for its Bitcoin debt investment. According to the U.S. […]
Investors Eye India as Stock Market Hits Trillion-Dollar MilestoneAs the Indian stock market continues to perform strongly, investors are turning their attention towards India.
AI Chip ETFs Soar: A 20% Gain in Just One Month!In South Korea, ETF, which predominantly includes Broadcom and Nvidia, has provided nearly a 20% return rate in just one month.
Fisker's Bankruptcy Shocks Electric Vehicle IndustryFisker has filed for bankruptcy protection. Amid a slowdown in the unexpected surge in demand for electric cars and the sluggish growth.
Could Stubborn Fed Policies Lead to Recession? El-Erian Thinks SoAllianz Chief Economic Advisor Mohamed El-Erian warned that the U.S. Federal Reserve (Fed) could risk economic recession if it delays interest rate cuts. In an article contributed to the Financial Times (FT) on June 18, El-Erian criticized the Fed for insisting on delaying rate cuts, arguing that cutting sooner rather than later reduces the risk […]
Risky Money Moves: How Biden's Economic Plan Could BackfireThe Biden Administration is injecting a massive amount of money into the market ahead of the upcoming election. This fiscal spending, which began in earnest in May, is becoming a significant variable in the financial market. The funds deposited in the Treasury’s TGA account decreased from $930 billion at the end of April to $730 billion […]
France’s Financial Future May Be at Risk - Here’s WhyThe Central Bank of France has urged action to prevent the deepening of France’s fiscal deficit. François Villeroy de Galhau, the governor of the Bank of France, urged on June 18 to avoid worsening fiscal deficits as investors worry about France’s fiscal outlook after the sale of French assets. Before France is expected to be […]
AMD Under Cyber Attack: Sensitive Data Potentially ExposedAMD announced on the 18th that it was investigating claims that a cybercriminal organization stole the company's data through hacking.
Steve Cohen Not ‘Betting’ on AI—He’s Investing $1 Billion!Steve Cohen is set to launch an artificial intelligence investment fund influenced by the rally of AI-related stocks such as NVIDIA.
Wall Street Bulls See No Ceiling for S&P 500Wall Street institutional investors are increasingly optimistic about the stock market. Evercore ISI expects the Standard & Poor’s (S&P) 500 index to reach 6000 by the end of this year. They also forecast it will reach 7000 by the end of next year. Goldman Sachs also expects it to hit 5700 by the end of […]
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