A US-owned container ship was hit by an anti-ship ballistic missile off the coast of Yemen

A US-owned container ship was hit by an anti-ship ballistic missile off the coast of Yemen

Men stand near a billboard depicting an Israeli-flagged commercial ship on fire after it was struck by Houthi-allied Yemeni naval forces on a street on January 10, 2024 in Sana’a, Yemen. Mohammed Hamoud | Getty Images A container ship owned and operated by the United States was hit by an anti-ship ballistic missile from Houthi-controlled … Read more

It is possible that there will be no rate cut this year, says a member of the European Central Bank

It is possible that there will be no rate cut this year, says a member of the European Central Bank

Robert Holzmann, governor of the Austrian central bank, speaks during an event in Vienna, Austria, Tuesday, Sept. 26, 2023. Bloomberg | Bloomberg | Getty Images The European Central Bank may defy market expectations and delay the start of interest rate cuts throughout 2024, a member of the institution’s Board of Governors, Robert Holzmann, said on … Read more

Veteran investor David Roche says the market is wrong about the outcome of the Taiwan election

Veteran investor David Roche says the market is wrong about the outcome of the Taiwan election

Taiwan President Tsai Ing-wen speaks as Lai Ching-te, Taiwan’s vice president and presidential candidate of the ruling Democratic Progressive Party (DPP) during a campaign rally ahead of the election in Taipei, Taiwan on January 11, 2024. Carlos Garcia Rawlins | Reuters Taiwan’s election results put the island on a “collision course with China” and the … Read more

The world’s five richest men have doubled their wealth since 2020, a report says

The world's five richest men have doubled their wealth since 2020, a report says

Jeff Bezos watches from the sideline before kickoff between the Kansas City Chiefs and Los Angeles Chargers at GEHA Field at Arrowhead Stadium on September 15, 2022 in Kansas City, Missouri. The founder and chairman of Amazon is one of the richest people in the world. Cooper Neill | Getty Images Sports | Getty Images … Read more

The IMF warns AI will affect nearly 40% of jobs worldwide and worsen overall inequality

The IMF warns AI will affect nearly 40% of jobs worldwide and worsen overall inequality

A pedestrian walks past a TATA pop-up store with a poster reading ‘The Future is AI’ outside the World Economic Forum (WEF) in Davos, Switzerland, Sunday, January 14, 2024. The annual Davos gathering of political leaders, top executives and celebrities runs from 15 to 19. January. Photographer: Hollie Adams/Bloomberg via Getty Images Bloomberg | Bloomberg … Read more

Apple is offering a rare iPhone discount in China as concerns over demand grow

Apple is offering a rare iPhone discount in China as concerns over demand grow

Apple flagship store in Shanghai in November 2023. Costfoto | Nurphoto | Getty Images Apple is offering discounts on a range of its products in China, including the latest iPhones, its website shows, as it faces growing competition and growing concerns about a lack of demand for its flagship smartphone. Between January 18 and January … Read more

Taiwan’s new president will face a divided parliament. Here’s why it matters

Taiwan's new president will face a divided parliament.  Here's why it matters

A child runs over the flag of Taiwan during the official results announcement on January 13, 2024 in Taipei, Taiwan. Sawayasu Tsuji | Getty Images News | Getty Images Taipei – Newly elected Taiwanese President Lai Ching-te will face a divided parliament that is likely to moderate his political agenda, with the Taiwan People’s Party … Read more

After a big tech layoff, Silicon Valley may have lost its monopoly on workers

After a big tech layoff, Silicon Valley may have lost its monopoly on workers

The Android character will appear at Google headquarters on December 19, 2023 in Mountain View, California. Justin Sullivan | Getty Images After a year defined by mass layoffs among Silicon Valley giants, tech workers traded the prospect of high-growth capital and home jobs for something more stable. According to 2023 data from tech platform Karat, … Read more

Biotech, pharmaceutical companies bet on promising class of cancer drugs to fuel growth

Biotech, pharmaceutical companies bet on promising class of cancer drugs to fuel growth

Medical personnel use a mammogram to examine a woman’s breast for breast cancer. Hannibal Hanschke | dpa | Picture Alliance | Getty Images SAN FRANCISCO – Established but a promising group of cancer drugs was a hot market in 2023, and more companies could look to treatments to fuel growth in the coming year. That … Read more

Why Bitcoin spot ETFs can change the game

Why Bitcoin spot ETFs can change the game

The Securities and Exchange Commission’s approval of 11 spot bitcoin ETFs this week could be a turning point for cryptocurrency investing. Ark Invest CEO and Chief Investment Officer Cathie Wood is behind one of the new ETFs. Her firm has partnered with 21Shares to launch the ARK 21Shares Bitcoin ETF. “We really believe this is … Read more