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, the halving will cut the amount of Bitcoin that...
Read moreApple 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 Apple aims to expand its presence in the Indian...
Read moreIn 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 to establish new chip manufacturing facilities in Arizona, as...
Read moreIn 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 momentum and attract significant interest from both individual and...
Read moreApple 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 €1.8 billion by Brussels regulators for allegedly engaging in...
Read moreSamsung 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 the increasing demand for NAND memory, where the company...
Read moreIn 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 the development of mobile robots that can autonomously follow...
Read moreIn 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, leading to Tesla's largest quarterly sales miss to date....
Read moreFormer 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 Manhattan appeals court on Monday, ensuring that the state...
Read moreThe 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 an added boost to consumer spending through what economists...
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