Markets

Consumer Sentiment Index Hits Six-Month Low

The University of Michigan's Consumer Sentiment Index dropped to a six-month low of 67.4, indicating widespread concerns about inflation, interest rates, and labor market stability.

May 10, 2024

by Staff

Bitcoin

Wells Fargo Reveals Investment in Spot Bitcoin ETFs

In a recent SEC filing, Wells Fargo announced its investments in Grayscale's spot Bitcoin ETF.

May 10, 2024

by Staff

Regulation

New Zealand Government Scraps Proposed Internet Content Regulation

New Zealand has dropped its proposed internet content regulations after strong public backlash, continuing with 'voluntary codes.'

May 10, 2024

by Staff

Markets

Japan's Futile Efforts, Spending Billions to Barely Nudge the Yen

Japan's expensive efforts to stabilize the yen have largely failed, underscoring deeper economic issues amid global financial tensions.

May 10, 2024

by Staff

AI

US Bill Proposes Harsh Limits on AI Exports

A new US bill seeks to impose strict export controls on AI technology, granting the Commerce Department increased authority.

May 10, 2024

by Staff

Economics

Green Housing Mandates Are Pushing Americans More Into the Red

Americans need relief, not regulation, in their struggle to find affordable housing.

May 10, 2024

by EJ Antoni

Markets

Ikea Issues Stark Warning on Consumer Spending Trends

Ikea warns of economic strain as rising unemployment and lower energy use prompt retail price cuts in a slowing market.

May 10, 2024

by Staff

energy

China Dominates Global Solar Panel Supply, Holding 80% Market Share

China leads the global solar panel market with an 80% share, significantly outpacing the EU and US in capacity.

May 9, 2024

by Staff

Marty's Ƀent

The US Bails Out Japan

Bailing out the banks is cool and all, but bailing out the central banks is even cooler.

May 9, 2024

by Marty Bent

energy

Diesel Market Downturn Adds New Challenges to Oil Sector

Declining diesel margins due to increased refinery output and reduced demand are challenging the global oil sector.

May 9, 2024

by Staff

Bitcoin Mining

Marathon Digital Falls Short of Q1 Revenue Targets Amid Operational Issues

Marathon Digital's Q1 revenue of $165.2 million fell short of expectations due to operational setbacks.

May 9, 2024

by Staff

energy

Republican AGs Sue to Stop EPA Carbon Capture Regulations

Twenty-five Republican AGs, led by West Virginia, are suing the EPA to block new carbon capture rules, claiming the agency oversteps its authority.

May 9, 2024

by Staff

Regulation

Taiwan Proposes Harsher Penalties Under New AML Guidelines

Taiwan proposes tougher AML laws for virtual asset service providers, with penalties including two-year jail terms and fines up to $1.5 million for non-compliance.

May 9, 2024

by Staff

Regulation

Canadian Authorities Fine Binance $4.3M for 'Oversight and Reporting Violations'

Canada's FINTRAC fined Binance $4.3 million for failing to register and report large transactions.

May 9, 2024

by Staff