Bitcoin has run out of positive news needed to sustain a recent push higher. The flagship cryptocurrency remains under pressure tanking below the $30,000 a coin level as cash inflows into the project dwindle. Last week marked the first time in many weeks that the project suffered a $13...
Tech giants in the US are in agreement that safeguards are crucial to help protect the world as artificial intelligence becomes more sophisticated and humanlike. Consequently, Amazon, Anthropic, Google, Infection, Meta, Microsoft and OpenAI have agreed to put in place measures that will help manage the risks emanating from...
The battle for technological supremacy is heating up as the US, and China try to outdo each other. The latest salvo comes on China issuing restrictions on the exports of gallium and germanium. Starting August 1, Chinese companies will have to seek authorization to ship the two compounds by...
The race to secure sufficient lithium supplies needed to power the electric vehicle revolution is forcing automakers into the mining businesses. The companies are increasingly investing in mining companies with exposure to huge lithium reserves as they look to secure key supply lines for the important commodity.
Investing in Lithium...
Cryptocurrencies exploded, with Bitcoin leading the move higher after the US supreme court ruled in favor of the sector in its first-ever opinion of the embattled sector; the ruling was in response to Coinbase being sued in a class action lawsuit that alleged the exchange did not provide proper...
Artificial Intelligence will remain a key driver of the US equity market for the foreseeable future. That's the sentiments many wall street strategists hold in the aftermath of tech-heavy Nasdaq rallying by more than 30% year to date. Likewise, the S&P 500 is up by more than 10% for...
India is slowly becoming an important production hub for US technology companies. Apple, which has been moving its supply chain from China, is already reaping the rewards, with iPhone exports hitting record highs of $1.2 billion in May. iPhones now account for more than 80% of India’s smartphone exports.
Indian...
The United States is in talks with the United Kingdom to ensure companies in the two countries have access to critical minerals. The negotiations as part of the Inflation Reduction Act seek to ensure automakers, tech, and energy companies have access to crucial minerals that they can use to...
US equity markets remain on edge amid weaker-than-expected economic data compounded by uncertainty over the Federal Reserve's next course of action. Equities turned south on Monday as softer US ISM data raised concerns about the US economy's health. The Institute for Supply Management said the non-manufacturing PMI fell to...