November 8, 20240 Comments

Stocks extend post-election rally as the Fed cuts interest rates

Federal Reserve Chair Jerome PowellSamuel Corum/Getty Images Indexes rose Thursday to continue a post-election rally after the Fed cut interest rates. The Fed cut rates by 25 basis points, a smaller move compared to its September meeting. The central bank appears slightly more focused on inflation as CPI data remains sticky. Indexes ended higher on Thursday, extending a post-election rally after the Federal Reserve delivered a rate cut at the

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November 8, 20240 Comments

Harrods boss Michael Ward ‘dreadfully sorry’ for Al Fayed abuse

Getty Images The boss of Harrods has personally apologised for the first time in relation to sexual abuse allegations against the store’s late owner Mohamed Al Fayed. The BBC approached Michael Ward at the Harrods headquarters and he said: “I am very dreadfully sorry for what has happened with Al Fayed.” Hundreds of women have alleged the billionaire raped or sexually abused them. Police are looking into some claims and

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November 8, 20240 Comments

China expected to announce highly anticipated fiscal stimulus package

Pictured here is a construction site of property developer Hongkong Land, in Shanghai on Nov. 4, 2024. Feature China | Future Publishing | Getty Images BEIJING – China is widely expected to unveil more stimulus on Friday after its parliament ends a five-day meeting. Authorities here have ramped up stimulus announcements since late September, fueling a stock rally. President Xi Jinping led a meeting on Sept. 26 that called for

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November 8, 20240 Comments

UN climate negotiations through the years to COP29 By Reuters

(Reuters) – This year’s U.N. climate conference in Baku, Azerbaijan, marks the world’s 29th leadership gathering to confront global warming since the first “Conference of the Parties” in 1995.     Here are some of the most significant moments in the history of climate talks:     1800s – For about 6,000 years before the industrial era, global levels of atmospheric carbon dioxide (CO2) remained around 280 parts per million (“ppm”). Several European

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November 8, 20240 Comments

Sony operating profit jumps 42% in H1 By Reuters

TOKYO (Reuters) – Sony (NYSE:)’s operating profit soared 42.3% in the first half of the financial year ending March, the company reported on Friday. Profit for the April-September period was 734.18 billion yen ($4.80 billion). ($1 = 152.8700 yen) Source link

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November 8, 20240 Comments

BTC.com Reshapes To Open-Source Computing Power Platform

Singapore, Singapore BTC.com officially announced the completion of its upgrade and the launch of an open-source computing power platform. The platform continues to embody the community spirit and adopts the motto, “Embrace open source, gather computing power, create the future together,” to support developers and computing power providers in jointly promoting the development of a decentralized ecosystem. The platform will serve as a bridge for computing power suppliers, enabling them

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November 8, 20240 Comments

Hyperbridge Launches Its Mainnet on Polkadot, Unlocking Secure, Scalable Cross-Chain Communication

November 7, 2024 – Zurich, Switzerland Hyperbridge launches on Polkadot with support for Ethereum, Optimism, BNB Chain and more. Hyperbridge, the highly anticipated blockchain interoperability protocol, has officially launched, unlocking new possibilities for seamless cross-chain communication. Following its $2.5 million seed funding led by the Web3 Foundation and Scytale Digital, Hyperbridge now brings its groundbreaking technology to users, delivering secure, scalable and verifiable cross-chain solutions across multiple blockchains. Hyperbridge launches

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November 8, 20240 Comments

Dan Gallagher to Replace SEC Chair Gary Gensler? What It Means for Crypto

As per the latest report, the Donald Trump administration is likely to consider Dan Gallagher as a replacement for US SEC chair Gary Gensler. The transition is likely to happen soon after Trump resumes office in January 2025, as the demand to fire Gensler grows from the crypto community. Will Dan Gallagher Replace SEC Chair Gary Gensler? Gary Gensler’s days seem numbered as talks of the next US SEC chair

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