China is expected to make the biggest cuts this year to two of its core lending rates, as pressure mounts on policymakers and banks to reverse a trend of slowing momentum and revive flagging demand in the world’s second-biggest economy. The People’s Bank of China is set to announce reductions to both one-year and five-year
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The leaders of Japan and South Korea on Friday put decades of frequently acrimonious relations behind them, signing on to a trilateral pact with the US that will deepen military and intelligence co-operation between the three allies. The agreement, formally reached at President Joe Biden’s retreat at Camp David outside Washington, sets up annual summits
Libertify, an AI-driven risk management platform, unveiled its latest offering in crypto wealth management: an artificial intelligence (AI) audit. This new feature allows crypto investors to assess and manage their portfolio risks and instantly receive optimization suggestions aimed at minimizing risk without compromising performance. LibertifyCEOSteve Rosenblumemphasized the importance of learning from past market downturns. By
Roadmap — With NASAs mobile launcher on the move, heres a road map to Artemis II Were getting back into testing, which is what we love.” Stephen Clark – Aug 18, 2023 11:30 am UTC Enlarge / NASA’s mobile launcher for the first three Artemis Moon missions.Stephen Clark/Ars Technica reader comments 2 with NASA’s repaired
In a significant move to bolster the adoption of digital tokens for transactions, PayPal Holdings Inc. PYPL announced Monday the launch of a new U.S. dollar-denominatedstablecoin. Named PayPal USD (PYUSD), this digital currency is the brainchild of the San Jose-based financial giant and is set to be a game-changer in the realm of digital payments
Were looking for rapid and stupendous progress — Our health care system may soon receive a much-needed cybersecurity boost We’re now researching better defenses to US health care’s digital infrastructure. Lily Hay Newman, wired.com – Aug 18, 2023 12:00 pm UTC EnlargeLorenzo Capunata/Getty reader comments 0 with The Advanced Research Projects Agency for Health (Arpa-H),
U.S. Securities and Exchange Commission (SEC) chair Gary Gensler is sounding the alarm on the transformative impact of artificial intelligence (AI), saying that it may have wide-ranging impacts on the financial markets. What Happened: Reflecting on a paper he co-authored in 2020 on deep learning and financial stability, Gensler expressed a concern that only a
Robinhood Markets Inc HOOD is on deck to issue its second-quarter earnings on Wednesday after the closing bell. With the potential to act as an indicator of retail trading activity, investors are keenly watching the results. Lets take a closer look at what to expect. Robinhood By The Numbers: The Menlo Park, California-based company is
The Justice Department is seeking 33 years in prison for Enrique Tarrio, the former Proud Boys leaderconvicted of seditious conspiracyin one of the most serious cases to emerge from the Jan. 6, 2021,attack on the US Capitol, according to court documents filed Thursday. The sentence, if imposed, would be by far the longest punishment that
Bolivian National Deputy Mariela Baldivieso is spearheading an initiative to legalize cryptocurrencies in Bolivia. The proposal aims to lift the current ban on crypto assets and urges the Ministry of Economy and Public Finance to establish regulatory norms. "Bolivia needs to embrace new technologies as a transformative opportunity to strengthen our economy, promote financial inclusion,
Founded in 2019, TradeStation partner Aries is debuting on StartEngine, the same crowdfunding platform trusted by famed businesspeople and investors like Kevin OLeary. Aries challenges traditional full-stack brokers, sporting the tools Main Street needs to compete with its better capitalized and informed peers on Wall Street. Available in 130 countries, Aries differentiates itself by offering
RIP Xbox Live Marketplace — End of the road: The Xbox 360 game marketplace will shut down Players will still be able to download previously purchased games. Samuel Axon – Aug 17, 2023 9:20 pm UTC The Xbox 360.Thomas Hawk reader comments 38 with The digital storefront for purchasing games and other media on the
Canadian fire crews on Thursday battled to prevent wildfires from reaching the northern city of Yellowknife, where all 20,000 residents are leaving by car and plane after an evacuation order was declared. Water bombers flew low over Yellowknife as thick smoke blanketed the capital of the vast and sparsely populated Northwest Territories. Officials say the fire, which
(RNS) — When the Anglican Church in North America broke off from the Episcopal Church and the Anglican Church of Canada in 2009 over their acceptance of LGBTQ clergy and same-sex marriage, the split was not exactly amicable. Years of infighting and slow, grinding property lawsuits that followed the split have kept tensions between
China’s central bank has stepped up defence of its currency as concerns mount over the health of the world’s second-largest economy. The efforts by the People’s Bank of China to arrest a slide in the renminbi follow a series of gloomy economic data releases this week that showed weakening exports and waning consumer confidence. Foreign
In a significant move for the fintech sector, TIFIN, a leading artificial intelligence (AI) platform for wealth, and J.P. MorganJPM have announced the launch of TIFIN.AI. This new venture aims to accelerate the development of AI-powered fintech companies, building on the success of TIFIN Studios, which created five profitable companies between 2018 and 2021.A New
pass the buck — An Iowa school district is using ChatGPT to decide which books to ban Official: “It is simply not feasible to read every book” for depictions of sex. Benj Edwards – Aug 16, 2023 9:34 pm UTC EnlargeGetty Images reader comments 164 with In response to recently enacted state legislation in Iowa,
The Middle East technology ecosystem is undergoing a massive transformation with programs like UAE Vision 2031 in the Emirates and Saudi Vision 2030 in the KSA drivingremarkable growth in Saudi Arabia's startup ecosystem, attracting founders eager to benefit from the government's support for entrepreneurship. Onefast-growing startupis Emkan Capital-backed fintech InvestSky.What Is InvestSky Doing In the
Dogecoin DOGE/USD is trading lower by 5% to$0.067 Wednesday afternoonon downward momentum. The popular altcoin first experienced a pullback and fell Tuesday amid overall market weakness following weak economic data out of China, which has caused global macro pressures. Additionally, the financial sector fell Tuesday after Fitch said it may be forced todowngrade additional banks.
Denish Sahadevan, a 31-year-old social media influencer known as Danny Devan, has pleaded guilty to a series of criminal charges related to money laundering using cryptocurrency. The US Department of Justice (DoJ) revealed that Sahadevan fraudulently obtained over $1.2 million in government relief loans, primarily through the Paycheck Protection Program (PPP) and Economic Injury Disaster