Hon Hai Precision Industry apologized on Thursday for a "technical error" in announcing the amount of bonuses promised to new staff following violent protests at the world’s largest Apple iPhone plant in mainland China, the Central News Agency reported on Friday.…
I’m beat. Thanksgiving can really take it out of you. A day of chaos and food prep followed by over-eating and then lots and lots of clean-up—though, to be fair, I didn’t do most of that. I helped here and there…
Thousands of workers across approximately 40 countries are planning to take part in 'Black Friday' protests to demand better wages and working conditions in the company's warehouses, as the global cost-of-living crisis increasesThe protests will coincide with the largest holiday shopping…
Bitcoin price struggled to clear the $17,000 resistance. BTC seems to be forming a double top pattern and might dive below the $16,000 support. Bitcoin attempted an upside break above the $17,000 resistance, but failed. The price is trading above $16,300…
By Brian Westenhaus of OilPrice.comMassachusetts Institute of Technology’s new discovery could finally usher the development of solid-state lithium batteries, which would be more lightweight, compact, and safe than current lithium batteries. The growth of metallic filaments called dendrites within the solid…
United States-based ApeCoin (APE) holders could miss out on staking rewards after the U.S. was added to a list of regions geo-blocked from using an upcoming APE staking service.Blockchain infrastructure company Horizen Labs, which is building the site on behalf of…
Belgium’s financial regulatory body has confirmed its position that Bitcoin (BTC), Ether (ETH) and other cryptocurrencies that are issued solely by computer code do not constitute securities.The explanation came from Belgium's Financial Services and Markets Authority (FSMA) in a Nov. 22…
Mercedes-Benz is the latest auto manufacturer to unveil a subscription fee to unlock perks, such as the ability to boost acceleration. The $1,200 yearly subscription is called "Acceleration Increase" and can be found on Mercedes' online store. "COMING SOON - Accelerate more powerfully: increase…
South Korea’s largest crypto exchanges have announced they will delist WEMIX (WEMIX) — the native token of gaming company Wemade’s blockchain platform Wemix — alleging the firm provided “false information” in response to an investment warning it was issued.Bithumb, Upbeat, Coinone,…
By Michael Every of RabobankIf you wanted to embody how the turkeys running things react when confronted with the fact that they voted for Thanksgiving and Christmas, it would be Bankman-Fraud being invited to speak at a New York Times event…
Bosideng International Holdings, the top China down jacket maker led by billionaire Gao Dekang, said on Thursday sales and profit gained in the six months to September amid growth in online sales and the closure of traditional retail stores. Revenue at…
No. Figure 1: Forecasted probability of recession from 10yr-3mo term spread (blue), from 10yr-2yr term spread (tan), 10yr-3mo term spread augmented by FCI, foreign term spread (green). All models estimated over 1986M01-2022M11. NBER defined peak-to-trough recession dates shaded gray. Lilac shading…
Authored by Zachary Stieber via The Epoch Times,Arizona Republican gubernatorial candidate Kari Lake on Nov. 23 filed a lawsuit against Maricopa County.Lake sued Stephen Richer, the county’s recorder, and other officials in Arizona Superior Court. She’s asking the court to compel the officials to…
The UK and South Africa have announced they are establishing a new partnership dedicated to the responsible and sustainable exploration of minerals in South Africa for use in clean energy technologies. The UK government announced earlier this week that it…
Hundreds of companies from across Wales and the south west have this week unveiled a new strategy detailing how the UK could deliver up to 20GW of floating offshore wind capacity in the Celtic Sea that could serve to transform the…
By Mish Shedlock of MishTalkBloomberg reports EU Talks Stall Over Price Level for Proposed Russian Oil CapThe EU’s executive arm proposed a level of $65 a barrel, which Poland and the Baltic nations rejected as being too generous to Moscow, the…
Last Thanksgiving, I decided to set out a few bottles of non-alcoholic wine alongside the usual spread of reds and whites that fuel our holiday conversations. My partner doesn’t drink, so my main goal was to keep something in his glass…
By Alex Kimani of OilPrice.comPlans to introduce price caps on natural gas prices have hit a dead-end after EU energy ministers on Thursday failed to reach an agreement amid deep divisions. Czech Industry Minister Jozef Sikela has, however, said that the ministers…
Multiple class action lawsuits filed by Jeffrey Epstein accusers accuses JPMorgan and Deutsche Bank of enabling Jeffrey Epstein to sexually abuse victims by turning a blind eye in order to "churn profits," Bloomberg reports.The lawsuits, filed in a New York court,…
Developers at the Ethereum foundation decided on eight Ethereum Improvement Proposals (EIP) to explore for the Shanghai update, the next major upgrade after the Merge and its move to proof-of-stake consensus, announced the Ethereum Foundation on Nov. 24. On a weekly call, developers decided…
Authored by Jill McLaughlin via The Epoch Times (emphasis ours),California’s last operating nuclear power plant was given another funding boost Nov. 21 as operators seek to keep it running for another eight years.Aerial view of the Diablo Canyon Nuclear Power Plant…
The International Monetary Fund (IMF) is calling for increased regulation of Africa's crypto markets, one of the fastest-growing markets in the world, the global institution blog reported on Nov. 22. Among the reasons why countries in the region should embrace regulation, the…
There’s a common joke on various shows these days: a frustrated character says to another who has failed and flailed at some task, “You had one job and you didn’t do it.” The board of Walt Disney said something similar in…
Bahraini human rights activists have welcomed a promise by a UK government minister to hold a meeting with them to discuss the situation in their country. The pledge was made by minister of state for the Middle East Lord Ahmad, during…
ToplineExtreme heat was responsible for more than 20,000 deaths across western Europe this summer, official figures suggest, as the continent was battered by a series of punishing heatwaves and record-breaking temperatures that are likely to become more frequent and more intense…
No matter if one analyzes Ether's (ETH) longer-term or weekly time frame, there is little hope for bulls. Besides the negative 69% year-to-date performance, a descending channel has been pressuring the ETH price while offering resistance at $1,200.Ether/USD 4-hour price index.…
Elon Musk has given politically divided families all the ammunition they need for an epic pie fight this Thanksgiving - announcing 'general amnesty' for suspended Twitter accounts as long as they haven't broken the law or engaged in egregious spam.On Wednesday,…
Mobile money has been a strong competitor to central bank digital currency (CBDC) in Africa, but many of the continent’s central bankers have greater faith CBDC, according to a Bank for International Settlements (BIS) report published Nov. 24. African central bankers…
ToplineTwitter owner Elon Musk on Thursday said he is granting “amnesty” for almost all banned accounts on the platform, a consequential policy change that follows a poll of the billionaire’s followers and comes just days after he reinstated former President Donald…
DOGE’s price continues to show strength as the price hold above the key region of $0.08 as bulls aim to go higher. DOGE’s price continues to look bearish with the market’s current state, as most traders and investors remain cautious. DOGE’s…
Authored by Michael Maharrey via SchiffGold.com,When I was a kid, we used to say some things only “sound good on paper.” In other words, they seem like good plans, but there is no way they’re going to work in the real…
Polkadot, a protocol that connects blockchains, has announced its latest initiative to help its ecosystem fight scams. According to the company, relying on security-minded individuals within its community to fight scams has proven to be an effective method of safeguarding its ecosystem.…
The wait is finally over for Tesla owners who paid $10,000, or as of recently $15,000, for the controversial driver-assistance system, also known as "Full Self-Driving." Twitter, SpaceX, and Tesla CEO Elon Musk tweeted Thursday morning, "FSD Beta is now available to…
It’s that time of year again. Tis the season! Time to spend your money on steeply discounted consumer goods to help push the economy back into the black. Yes, it’s almost our nation’s most fitting holiday: Black Friday. This year, Black…
Authored by Joakim Book via BitcoinMagazine.com,I don’t...That’s it. That’s the article.In all sincerity, that is the full message: Just don’t do it. It’s not worth it.You’re not an excited teenager anymore, in desperate need of bragging credits or trying out your…
The Oprah Winfrey Network is releasing two holiday movies for Christmas 2022, snagging a piece of the ever-growing pie for the super saccharine-yet-ultra popular streaming genre. At the same time, OWN’s offerings added much-needed diversity to the mix. First up is…
On Nov. 24, Ardana, a leading decentralized finance (DeFi) and stablecoin ecosystem building on Cardano (ADA), abruptly halted development, citing "funding and project timeline uncertainty." The project will remain open-source for builders while treasury balances and remaining funds will be held…
Take one look at some of the employees fired from Twitter the past two weeks by Elon Musk and it's easy to understand why the company operated as a far-left echo chamber for so long. Though company executives claimed that the…
Yesterday’s Bloomberg article “Fed Staff Sees a 50-50 Chance of Recession” spurred me to examine the implications of the latest readings on term spreads. Figure 1 depicts the recession probabilities estimated using a simple probit model based on the 10yr-3mo and…
Elon Musk’s acquisition of Twitter, Inc. has given the social networking platform unprecedented visibility in the financial press in 2022. Meanwhile, Twitter’s credit story—the rationale for lenders to lend—has gone dark. In early January 2022, around the time Twitter sold its…
Authored by John Ransom via The Epoch Times (emphasis ours),A newly-elected GOP representative from New York said that he worries that Democrats will try to downplay potential campaign finance and securities law violations by former FTX CEO Sam Bankman-Fried using a…
Crypto derivatives exchange Bybit has launched a new support fund to help institutional traders access liquidity in the wake of the FTX collapse — an event that triggered a fresh wave of panic selling across the digital asset space.The support fund,…
ToplineJPMorgan Chase and Deutsche Bank have been accused of profiting from and facilitating the sexual abuse of young women and girls by late financier Jeffrey Epstein, according to two lawsuits filed on Thursday, the latest effort to target the people and…
According to the Statista Global Consumer Survey and more than 1,000 U.S. respondents between the ages of 18 and 89, Thanksgiving with the family is still the way to celebrate the holiday this year.Friendsgiving - or celebrating Thanksgiving with friends - was the…
The UN Human Rights Council has passed a motion to set up a fact-finding mission to look into the mass protests in Iran that have taken place over the past two months, following the death in custody of 22-year-old Kurdish woman…
The term Web3 is often used as shorthand to discuss the new phase of the internet. It describes leaving the era of centralized social media and massive e-commerce platforms and arriving at a utopia of user-controlled data. Web3, in a colloquial…
These forecasts are driven by deteriorating structural fundamentals. For example, credit card debt has surged past even 2020 levels, with interest rates charged by banks that are just slightly higher than those observed leading up to the post-2000 dot-com crash. And…
Authored by Kevin Downey Jr via PJMedia.com,The media is shifty when it comes to mass shootings.They decide which shootings we do and do not get to hear about. If a shooting doesn’t jive with the liberal narrative, you’re not likely to…
Binance announced Nov. 24 that it is spearheading the creation of a so-called Industry Recovery Initiative (IRI) on BloombergTV. New details about the project to “to lead the charge when it comes to protecting consumers and rebuilding the industry” have been…