Sunil Sahil
Just days after a federal judge ruled that the government had the right to punish the co-founders of the virtual currency mixer Tornado Cash, U.S. government officials on Wednesday began taking action. Roman Semenov, a Russian citizen and one of the three co-founders of Tornado Cash, was sanctioned by Treasury’s Office of Foreign Assets Control … Read more
Reuters, NEW YORK, August 23 – The U.S. dollar depreciated against a basket of currencies on Wednesday as statistics revealed that the large service sector’s desire for new business fell and that U.S. economic activity nearly reached a point of standstill in August. The manufacturing and service sectors are monitored by S&P Global’s flash U.S. … Read more
According to those acquainted with the process who requested anonymity, the preliminary talks involve high officials from both countries, including Venezuela’s congressman and president Jorge Rodriguez. In an effort to convince President Nicolás Maduro’s government to stage a competitive presidential election in 2024 and release political prisoners, Washington has proposed lifting sanctions. Even though they … Read more
For Kidoz, Q2 2023 was yet another quarter with record sales, according to Jason Williams, CEO of the company. Two business pillars that demonstrated noticeable improvement and helped the company reach new heights were operations and technology, which both received ongoing investment. First, by investing in the software development of our programmatic technology, we were … Read more
White House (Reuters) – A number of regulation amendments aimed at the nation’s funds industry were approved by the U.S. Securities and Exchange Commission on Wednesday, which is headed by chair Gary Gensler. The modifications represent the largest industry transformation in recent memory. These are the key points: Hedge fund and private equity fees The … Read more
Reuters: Hong Kong, Singapore, and Washington. Up until 2018, China attempted to hire top scientists with advanced degrees from outside as part of a lavishly funded programme that Washington saw as a threat to American interests and technological dominance. According to three sources with knowledge of the matter and a Reuters review of more than … Read more
The Australian dollar, which had been suffering due to indicators of China’s slowdown and the U.S. economy’s resilience, increased 0.9% on Wednesday as U.S. manufacturing and services PMIs fell short of forecasts. It maintained those gains on Thursday, just like the New Zealand dollar, the Japanese yen, and, for the most part, Asian emerging market … Read more
The manufacturing and service sectors are monitored by S&P Global’s flash U.S. Composite PMI index, which registered a reading of 50.4 in August from 52 in July, marking the largest decline since November 2022. According to Michael Brown, a market analyst at Trader X, the data “rather threatens the ‘U.S. exceptionalism’ narrative that the market … Read more
From $656 million, or 26 cents per share, a year earlier, net income increased to $6.19 billion, or $2.48 per share. Strong sales and a positive outlook for Nvidia highlight how essential the company’s graphics processing units (GPUs) have become to the rise of generative AI. Building and running artificial intelligence (AI) applications like OpenAI’s … Read more
23 August (Reuters) The major Wall Street indexes increased on Wednesday as Nvidia stock surged on expectations of another positive forecast from the chip maker, which would rekindle an artificial intelligence-driven rally in megacap growth firms. On Tuesday, increasing wagers that Nvidia’s sales target will exceed Wall Street projections sent the chip designer’s shares to … Read more
