Bitcoin Halving Will Deal a $10 Billion Blow to Crypto Miners
Bitcoin miners are bracing for a significant revenue hit as the “Bitcoin halving” event approaches. This event, which occurs every four years, will reduce the amount of Bitcoin that miners can earn each day for validating transactions. Around April 20,...
Apple doubles India iPhone production to $14 billion as it shifts from China
Apple has significantly increased its iPhone production in India, reaching a total value of $14 billion. This marks a doubling of output compared to previous years, with 14% of iPhones now being produced locally. The boost in production comes as...
TSMC Gets $11.6 Billion in US Grants, Loans for Chip Plants
In a significant move to bolster domestic semiconductor production, the United States has announced plans to provide Taiwan Semiconductor Manufacturing Co. (TSMC) with $6.6 billion in grants and up to $5 billion in loans. This funding will support TSMC’s endeavor...
Ripple CEO predicts crypto market will double in size to $5 trillion by the end of 2024
In a bold prediction, Ripple CEO Brad Garlinghouse anticipates that the cryptocurrency market will double in size to reach a staggering $5 trillion by the end of 2024. This optimistic outlook comes as the digital asset industry continues to gain...
Apple Agrees to EU Antitrust Demand in Fight on App Payment
Apple Inc. has made a significant move in response to European Union antitrust demands by agreeing to allow music-streaming apps on its App Store to inform users of alternative payment options. This decision comes after the tech giant was fined...
AI Technology Shift to Help Drive Samsung’s Comeback
Samsung Electronics Co. is set to lead the global rally in semiconductor stocks, driven by newfound optimism surrounding its artificial intelligence strategy. The company, which has lagged behind competitors in recent years, is now poised for a comeback due to...
Apple Explores Home Robotics as Potential ‘Next Big Thing’ After Car Fizzles
In a strategic move to diversify its product offerings, Apple Inc. has delved into the realm of personal robotics, signaling a potential shift towards innovative home technology solutions. Sources familiar with the matter reveal that Apple’s dedicated teams are exploring...
Tesla Also Losing Ground in China as It Disappoints Globally
In a challenging landscape for electric vehicle manufacturers, Tesla Inc. is experiencing a significant drop in market share in China, the world’s largest automotive market. The company’s struggles in China are part of a broader global slowdown in EV demand,...
Trump Pays $175 Million Bond to Avert Asset Seizure
Former President Donald Trump has successfully paid a $175 million bond in order to prevent the seizure of his assets, as he appeals a massive civil fraud verdict imposed on him earlier this year. The bond was posted with a...
The wealth of the 1% just hit a record $44 trillion
The global wealth held by the top 1% has reached an all-time high of $44 trillion, fueled by the booming stock market, according to economists. The surge in money is attributed to the rise in stock prices, which has given...
