Tag: technology

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Copper Market Prices in 50% Chance of 10% U.S. Tariff

Goldman Sachs estimates a 50% chance of a 10% copper tariff by end of Q1, 40% for oil, and 10% for gold.

Optus reportedly in talks to sell Optus Sport to Nine Entertainment

Optus, Australia's #2 telecom carrier, is looking to sell its sports streaming platform Optus Sport to media house Nine Entertainment, the Australian Financial Review reports.

Billionaires' Wealth Soared in 2024, Anti-Poverty Group Says

Billionaires saw their wealth soar in 2024, according to an anti-poverty group, as the elites prepare to gather for another meeting in Davos.

Oil Prices Rebound Amid Supply Concerns as Russia Sanctions Tighten

Oil prices recover on supply concerns as US sanctions hit Russia's energy sector, pushing Brent and WTI crude futures higher.

Port Hedland reopens after cyclone threat eases

Severe Tropical Cyclone Sean has passed the Pilbara region of Australia, allowing major iron ore export ports to reopen.

Dollar Steady, Asia Stocks Cautious on Trump, BOJ Rate Hike Watch

Investors await Donald Trump's inauguration and policy announcements, influencing currency markets and Asian stocks. Focus on potential trade tariffs and Bank of Japan's possible rate hike.

China Faces Renewed US Trade Tensions Amid Economic Challenges

China faces renewed trade tensions with the US, compounded by a weaker economy heavily reliant on exports. Rising protectionism threatens a key growth driver, prompting Beijing to likely increase government borrowing to support growth targets. Despite trade diversification efforts, the US remains the largest destination for Chinese exports. China may retaliate with tariffs, export controls, and efforts to boost domestic consumption.

Trump's Inauguration to Feature Tech Titans: Musk, Zuckerberg, Bezos, and More

Big tech CEO attendance at Donald Trump's inauguration is a clear testament to his Silicon Valley support. Despite some user backlash, companies like Apple and Meta show more concern for currying favor with the president than their own bases.

BOJ to Decide on Rate Hike Amid Market Turmoil

Bank of Japan set to decide on interest rates amid market volatility and expectations of a hike.

Crypto Execs Celebrate Trump Inauguration with Lavish Ball

Cryptocurrency industry leaders celebrated the inauguration of President-elect Donald Trump, who has promised changes in crypto policy, with a gala featuring Snoop Dogg and other entertainment.