Gold Price Rallies as Fed Initiates Rate Cuts The Rise of Gold: What Happened and Why Gold price (XAU/USD) regained positive traction on Thursday and rallied back closer to the all-time peak touched the previous day in reaction to the Federal Reserve’s (Fed) decision to start the policy easing cycle with an oversized rate cut….
The Rise of Bitcoin as a Safeguard Against the Growing Federal Debt Crisis BlackRock Advocates for Bitcoin Amidst $35 Trillion Federal Debt Concerns What Happened: In the face of a $35 trillion federal debt crisis, global asset manager BlackRock Inc. (NYSE:BLK) strategically advocated for Bitcoin (CRYPTO: BTC) as a safeguard, potentially raising the upside potential…
China-India Relations: Cooperation Over Competition A New Era of Partnership China’s Ambassador to India Xu Feihong made a significant statement on Thursday, highlighting the important consensus reached between President Xi Jinping and Prime Minister Narendra Modi. This consensus signifies a shift in the perception of the two countries from competitors to cooperators. The ambassador emphasized…
Bankruptcy Approval and SEC Lawsuit Settlement: Terraform Labs Glad to be Approved for Bankruptcy So, Terraform Labs finally got the green light to wind down its operations in bankruptcy after settling that pesky US Securities and Exchange Commission (SEC) lawsuit. Phew! What a relief, am I right? According to Reuters, US Bankruptcy Judge Brendan Shannon…
The South Asian and Indian Ocean Region Faces Uncertainty Sri Lankan President Acknowledges Challenges In an exclusive interview with NDTV, Sri Lankan President Ranil Wickremesinghe expressed concerns about the current state of affairs in the South Asian and Indian Ocean region. He described the situation as a “difficult time” and highlighted the need for stability…
Chewy Announces Pricing of Offering Introduction Chewy, Inc. (NYSE: CHWY) has recently made headlines with the announcement of the pricing of an underwritten offering of its Class A common stock. This offering, totaling 16,666,667 shares, is being sold by Buddy Chester Sub LLC, an entity affiliated with BC Partners Advisors LP, Chewy’s largest shareholder. The…
Hassan Nasrallah’s Defiant Speech A Calm but Candid Address Hassan Nasrallah’s speech was calm and even candid at times – but the Secretary-General of Hezbollah was largely defiant and uncompromising as he addressed the embarrassing nature of this week’s trojan-horse style attacks – and the posture of the Iran-backed Shia group in the weeks ahead….
Cryptocurrency Markets Experience 5.9% Surge to $2.19 Trillion Price Gains in Cryptocurrency The cryptocurrency markets are currently trading 5.9% higher, with the total market cap reaching $2.19 trillion. Bitcoin (CRYPTO: BTC) has gone up by 5.3% to $63,485.74, Ethereum (CRYPTO: ETH) has seen a 6.6% increase to $2,467.60, Solana (CRYPTO: SOL) has surged by 10.8%…
