Federal Reserve Chair Jerome Powell’s recent speech at the Jackson Hole Economic Symposium sent ripples through the financial markets with its significant dovish shift in the central bank’s stance on monetary policy. Powell’s remarks indicated a willingness to lower interest rates, aligning with the market’s expectations for a series of rate cuts. This shift highlights
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Disney/Pixar’s Inside Out 2 has made history by becoming the first animated film to surpass the $1 billion mark at the international box office. With a global total nearing $1.003 billion, the sequel has solidified its position as the highest grossing animated film of all time. This milestone places it among an elite group of
When it comes to taxation, the consequences of ignoring tax bills can be more severe than anticipated for travelers. The federal government has implemented a protocol where passports can be revoked or limited if an American has a “seriously delinquent tax debt.” The threshold for such debts is set at more than $62,000 in 2024,
Last week at the World Robot Conference in Beijing, Chinese companies made a strong showing with 27 humanoids making their debut at the event. This surge in humanlike robot development is reminiscent of China’s rush into electric cars just a few years ago. With total investment exceeding 100 billion yuan in the last decade, it
The weekend box office saw the debut of the serial killer thriller “Strange Darling” which raked in $1.14 million at 1,135 theaters. The movie, directed by JT Mollner, stars Willa Fitzgerald, Kyle Gallner, Ed Begley Jr., and Barbara Hershey in a chilling tale where a twisted one-night stand spirals into a serial killer’s vicious murder
Thailand’s central bank, despite differing views on certain issues, has expressed readiness to collaborate with the finance ministry under the new government. Prime Minister Paetongtarn Shinawatra, who recently took office, has raised concerns about central bank independence being an hindrance to economic growth. This is in contrast to the previous Prime Minister, Srettha Thavisin, who
In the recent quarterly reports from major Chinese companies, it is clear that the local market is presenting challenges for stock pickers. Lorraine Tan, director of Asia equity research at Morningstar, highlighted that there has been outperformance in certain companies, but overall, there is weakness reflecting macroeconomic trends. Many companies are providing cautious guidance, indicating
Pavel Durov, the billionaire founder and CEO of the popular messaging app Telegram, was arrested at the Bourget airport outside Paris. Telegram, known for its influence in Russia, Ukraine, and the former Soviet Union, ranks among the top social media platforms globally. Durov’s decision to leave Russia in 2014 after refusing government demands to shut
Evercore ISI analysts have recommended buying Nvidia stock due to the company’s strong demand for systems and chips. Despite worries about delays in the release of the Blackwell system, the investment bank believes that Nvidia is well-positioned to overcome any disruptions. The analysts mentioned that even if Blackwell faces delays, the demand for the current
Pavel Durov, the billionaire founder and CEO of the Telegram messaging app, was recently arrested at the Bourget airport outside Paris. The investigation surrounding his arrest is reportedly focused on a lack of moderators on Telegram, allowing criminal activity to thrive on the messaging platform. Durov, a Russian-born entrepreneur, is the founder and owner of