Global Outage Disrupts Amazon, Fortnite, Snapchat, and Major Banks
Amazon has reported that its systems are back online following connectivity issues that occurred on Monday. However, there are still ongoing reports of problems affecting Amazon Web Services (AWS), the company’s cloud computing division.
India’s Diwali Gold Rush Shifts Focus to Investment Amid High Prices
As the Hindu festival of Diwali approaches, the jewellery market in Delhi’s Lajpat Nagar is bustling with activity. Shops remain open even on holidays, attracting crowds eager to purchase gold and silver, which are traditionally seen as symbols of wealth and prosperity. Despite soaring gold prices, which have reached $1,440 for 10 grams, many Indians […]
Major U.S. Banks Prepare to Release Quarterly Earnings Reports Soon
Major U.S. banks, including JPMorgan Chase, Goldman Sachs, Wells Fargo, and Citigroup, are set to release their quarterly earnings reports. Analysts are closely monitoring these results for insights into the financial sector’s performance amid changing economic conditions. Investors are particularly interested in how these banks are managing interest rates and loan demand. The upcoming reports […]
Trump’s Tariff Strategy Backfires as China Diversifies Export Markets
President Trump’s tariff strategy against China appears to be having unintended consequences, as Beijing shifts its focus away from U.S. consumers and increases exports to other markets. In September, Chinese shipments to the U.S. fell by 27%, marking a continued decline, while overall exports rose by 8.3%, the highest total recorded this year, driven by […]
Crypto Market Faces Historic $20 Billion Liquidation Event, Expert Says
On Friday, the cryptocurrency market experienced what has been described as the worst liquidation event in its history, with over $20 billion in assets liquidated. Jonathan Man, a portfolio manager at Bitwise, noted that this sell-off was marked by a rapid 13% drop in Bitcoin within just one hour, alongside significant declines in various long-tail […]
China Expands Rare Earth Export Controls Ahead of Xi-Trump Meeting
China has announced new restrictions on rare earth exports, expanding the list of minerals under control and targeting their production technologies and overseas applications. This move comes as trade tensions with the United States continue, ahead of a meeting between Chinese leader Xi Jinping and President Donald Trump at the APEC summit later this month. […]
Tesla Launches Cheaper Model Y and Model 3 to Regain Market Share
NEW YORK — Tesla has introduced new, more affordable versions of two electric car models in an effort to boost sales amid a challenging market landscape. The updated Model Y, priced just under $40,000, features a simplified interior and arrives during a difficult year for the company, which faces increased competition and ongoing boycotts against […]
Tesla Teases Major Announcement with Social Media Videos Ahead of Tuesday Reveal
Tesla has released two teaser videos on social media ahead of an anticipated announcement scheduled for Tuesday, October 7. The videos, shared on X, feature visuals that hint at a significant update from the electric vehicle manufacturer. The first video shows a spinning wheel with Tesla’s logo, followed by a black screen displaying the date […]
AMD Shares Surge 30% After Multibillion-Dollar Deal With OpenAI
AMD shares surged over 30% at the start of trading on Monday following the announcement of a multibillion-dollar deal with OpenAI. This partnership positions AMD to compete more aggressively against Nvidia, which recently revealed plans to acquire a stake in Intel. As part of the agreement, OpenAI will acquire and implement 6 gigawatts of AMD’s […]
Elon Musk Leads Boycott Call Against Netflix Over Trans Character Controversy
Elon Musk Calls for Netflix Boycott Over LGBTQ+ Representation Response from Voice Actor Zach Barack on ‘Dead End: Paranormal Park’ Musk’s Campaign and Broader Discussions on Free Speech Elon Musk has recently called for a boycott of Netflix, urging his followers to cancel their subscriptions in response to the inclusion of LGBTQ+ characters in the […]