November 10, 20240 Comments

Retailers brace for DEI blowback ahead of election, holiday

A sign disparaging Bud Light beer is seen along a country road on April 21, 2023 in Arco, Idaho. Anheuser-Busch, the brewer of Bud Light has faced backlash after the company sponsored two Instagram posts from a transgender woman. Natalie Behring | Getty Images Retailers are facing a tough equation as they head into the all-important holiday shopping season — this time over DEI initiatives. Companies are bracing for blowback

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November 10, 20240 Comments

Deeproute claims ‘deep cooperation’ with Nvidia on driver assist

A car with autonomous driving system by Alibaba-backed DeepRoute.ai, drives on a street in Shenzhen, Guangdong province, China July 27, 2022.  David Kirton | Reuters BEIJING — Deeproute.ai, a Chinese startup developing autonomous driving systems, announced a $100 million funding round Tuesday from an undisclosed automaker, while emphasizing close ties with chipmaker Nvidia. Pitchbook data showed Chinese company Great Wall Motor led the investment. It’s been difficult to obtain financing,

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November 10, 20240 Comments

‘Most Pro-Crypto Congress Ever’ – Brian Armstrong Says US Voted for 257 House Candidates Favoring Digital Assets

Coinbase chief executive Brian Armstrong says the results of the US election are a huge victory for the crypto industry. In a long post on the social media platform X, Armstrong says the executive and legislative branches of the US government are set to be replaced by politicians who have voiced their support for the digital asset industry. According to the Coinbase boss, Americans went into polling stations partially to

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November 10, 20240 Comments

Massive Day For BlackRock’s Bitcoin ETF As Trading Volume Reaches Unseen Levels With $4.1 Billion Traded

On Nov. 6, BlackRock’s iShares Bitcoin Trust (IBIT) achieved an unprecedented trading milestone, with volume spiking to $4.1 billion in a single day – its highest ever. This surge, following Donald Trump’s reelection as President of the United States, signals a potent wave of institutional and potentially retail interest in cryptocurrency ETFs. Don’t Miss: Bloomberg ETF analyst Eric Balchunas noted on X (formerly Twitter) that this massive trading volume exceeded

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November 10, 20240 Comments

The 2 things that will drive the stock market after last week’s Trump-Fed rally

President Donald Trump looks on as his nominee for the chairman of the Federal Reserve Jerome Powell takes to the podium during a press event in the Rose Garden at the White House, November 2, 2017 in Washington, DC. Drew Angerer | Getty Images Talk about an eventful week. Normally, when the Fed cuts interest rates, that would be the big story. However, Thursday’s Federal Reserve meeting pales in comparison

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November 10, 20240 Comments

US shares, Bitcoin hit record high and dollar soars on Trump win

US shares hit record highs on Wall Street and the dollar posted its biggest gain in eight years as Donald Trump was re-elected to the White House in a historic win. Bitcoin also hit an all-time high, following Trump’s election promise to prioritise the volatile crypto currency. Investors were, however, betting that Trump’s plan to cut taxes and raise tariffs will push up inflation and reduce the pace of interest

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November 10, 20240 Comments

Donald Trump’s Trump Media posts earnings as DJT stock halts on Election Day. Here are the details.

Donald Trump’s Trump Media & Technology Group had an eventful Election Day 2024, with its DJT stock halted three times after the shares suddenly plunged. At the end of the trading day, the Truth Social owner released its third-quarter earnings, showing a continued decline in revenue.  The company’s third-quarter results, disclosed in a U.S. Securities & Exchange filing, shows that the fledgling social media business continues to lose money, while

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