China's central bank, known as the People's Bank of China (PBOC), has decided to keep the medium-term loan rate frozen at 2. 0%. This comes at a time when the yuan, the country's currency, is feeling some heat. The PBOC handed out loans worth 900 billion yuan (that's about $124. 26 billion) to some financial institutions for a whole year. These loans are part of what...
Some of America's wealthiest business leaders invested heavily in Donald Trump's presidential campaign, with each expecting different rewards. Elon Musk, the richest man in the world, spent over $200 million to support Trump. Since Trump's win, Musk's net worth has skyrocketed. He used his social media platform, Twitter, to promote Trump, despite spreading misinforma...
In the 2024 U. S. election, crypto billionaires spent a staggering $245 million, making up nearly half of all corporate money. They targeted candidates who supported crypto and attacked those who didn't. This helped flip Senate seats and secure a record number of pro-crypto lawmakers. Ohio's Bernie Moreno, a former car salesman, benefited from this strategy. He defea...
In the days following the U. S. presidential election, Bitcoin has seen a significant surge. This is partly due to promises made by President-elect Donald Trump to support cryptocurrency. One major player in this space is MicroStrategy, which has been on a Bitcoin buying spree. In early November, MicroStrategy announced it had purchased around 27, 200 Bitcoins. This...
Sunday saw a surge in violence as Israeli airstrikes hit Lebanon and northern Gaza, causing dozens of deaths, including children. This comes amid global attention to the U. S. election's potential impact on conflicts with Iranian-backed groups like Hamas and Hezbollah. Israeli Prime Minister Benjamin Netanyahu has been in close contact with U. S. President Donald Tru...
Late-night host Jimmy Kimmel struggled to hold back tears as he discussed Donald Trump’s 2024 presidential election victory during his show. Kimmel, a Democrat, listed several groups he believed would be negatively impacted by Trump’s second term. He mentioned women, children, immigrants, healthcare, climate, science, journalism, justice, poor people, the middle clas...
It was a tough day for many celebrities who backed Vice President Kamala Harris. When the election results rolled in, they took to social media to express their disappointment and frustration. Some were shocked that Harris didn't perform as well as President Joe Biden had in 2020. Singer Billie Eilish called it "a war on women, " while actor Ben Platt shared a post b...
Bitcoin and other cryptocurrencies saw a rise in prices on Tuesday. This happened as investors waited for the results of the U. S. presidential election. Bitcoin, the most well-known cryptocurrency, climbed to over $70, 000. Other cryptocurrencies like Ether, Solana, and XRP also saw gains. Even memecoins like Dogecoin and Shiba Inu increased by 12% and 8%, respectiv...
As the third winter of the war approaches, Ukrainian President Volodymyr Zelensky is steering his country through challenging times. The mood in Kyiv and Washington is grim, with fears growing about Russia's full-scale invasion. The war in the Donetsk region has seen both sides face losses, but Russia's advances are causing concern. Power outages are a real threat, w...
In a few days, China will unveil its fiscal plans during a significant meeting of its parliament. Experts believe the scale of these plans may depend on who wins the upcoming U. S. presidential election. Both candidates, Donald Trump and Kamala Harris, have different policies towards China. Trump has threatened higher tariffs, while Harris hasn't shown a major shift ...