Bitcoin just hit a new peak, soaring past the $70,000 mark to reach past $72,269. This milestone comes amidst a flurry of market expansion and aligns with some interesting shifts in regulatory attitudes in the UK and the US. However, even with this growing institutional approval, the caution due to cryptocurrency unpredictability hasn’t faded from […]
Author: Keegan Leighty
Reddit’s NYSE Debut: $6.4 Billion IPO Sets Stage for Market Entry
Reddit is getting ready to join the New York Stock Exchange, eyeing a $6.4 billion valuation. They’re listing themselves on the exchange as “RDDT,” offering 22 million shares at $31 to $34 each. Joining the Stock Exchange Redditt, one of the world’s largest and most popular social media sites, is looking to become a publicly […]
Senate Avoids Government Shutdown With a $460 Billion Spending Package
The Senate passed a $460 billion spending package ahead of a deadline to prevent a partial government shutdown. Despite the challenges and bipartisan criticism, the package aims to fund essential departments through fiscal year 2024, but with another budget deadline approaching, negotiations are far from over. Passing the Package In a last-second move to avoid […]
Elon Musk vs. ChatGPT: OpenAI’s Lawsuit Against Musk
Elon Musk’s involvement with OpenAI began with visions of a nonprofit promoting beneficial AI for the public, but as funding demands grew, disagreements emerged over shifting to a for-profit model. This led to Musk’s legal battles against OpenAI for deviating from its foundational mission, adding to the growing list of legal troubles Musk is facing. […]
China’s Financial Exodus: Global Markets on Edge as Chinese Investors Expand Reach
Chinese investors and businesses are increasingly seeking profits abroad, driven by domestic market challenges. This outward investment trend is led by mechanisms like the Qualified Domestic Institutional Investor (QDII) program amidst regulatory challenges and a complex economic backdrop, reflecting a strategic pivot towards global diversification. Finding Profts Aborad Chinese investors and businesses are increasingly looking […]
ETFs Fuel Bitcoin’s Meteoric Rise: Crypto Goes Mainstream
Bitcoin has shattered previous records by surpassing $68,978, reflecting a renewed surge in interest and confidence. This surge was largely driven by the approval of spot Bitcoin ETFs and the anticipation of halving events. This resurgence defies past skepticism over its relevance, signaling a robust future despite environmental and regulatory challenges. New High Bitcoin’s incredible […]
EU Hits Apple with Record €1.84 Billion Fine for Anti-Competitive Practices
The European Union has imposed a €1.84 billion ($2 billion) fine on Apple for practices that unfairly favored its music streaming service over competitors like Spotify. This pivotal action signifies a major step in the EU’s efforts to promote fair competition and protect consumer choice within the digital marketplace. A Hefty Fine In a bold […]
Chinese Leaders Rally to Restore Post-COVID Economy: Global Trade Dynamics at Risk
The 2024 National People’s Congress (NPC) in China convenes this week against the backdrop of a slowing economy thanks to an aging workforce, strained U.S. relations, and a housing sector crisis. Amid these issues, the NPC aims to increase economic confidence and set growth targets while facing public and investor unease over the country’s economic […]
Gender Pay Gap Endures, Equal Pay Unlikely Before 2059
The gender pay gap remains a persistent issue across industries and demographics, with women earning significantly less than men despite efforts to achieve pay equity. Legislative changes, societal commitment, and employer transparency are crucial for narrowing the disparities and ensuring fair compensation. New Data from Australia Recent data from Australia reveals significant gender pay gaps […]
Elon Musk Takes on Disney: A Battle Over Free Speech and Wokeness
Elon Musk intensifies his feud with Disney by financially backing lawsuits, including that of actress Gina Carano, challenging the company’s Diversity, Equity, and Inclusion policies and its treatment of conservative views. This escalating battle highlights Musk’s broader critique of what he perceives as discrimination and censorship in Hollywood. Musk vs. Disney Elon Musk is actively […]