In November, China’s consumer inflation dropped to a five-month low, rising 0.2% year-on-year, below expectations, according to data from the National Bureau of Statistics released Monday. Analysts surveyed by Reuters had predicted a slight increase in retail inflation to 0.5% in November from a year earlier, up from 0.3% in October. Core inflation, excluding volatile … Read more
Jeff Bezos showered Donald Trump with praise on Wednesday, stirring controversy ahead of the 2024 election by blocking The Washington Post, which he owns, from endorsing Kamala Harris. “I’m proud of the decision we made, and it was far from cowardly, because we knew there would be blowback, and we did the right thing anyway,” … Read more
On Thursday, Bitcoin surpassed $100,000 as investors anticipated a positive regulatory change in the U.S., while Asian stocks remained steady following record highs on Wall Street, fueled by increasing optimism over potential U.S. interest rate cuts. Bitcoin reached $100,000 in the morning in Asia, later rising to $103,400. “At the end of the day, it’s … Read more
A federal judge plans to issue a ruling in Google’s antitrust case by August 2025, as reported by The New York Times. This comes after the judge determined earlier this month that Google had exploited its monopoly power in the search industry. Judge Amit P. Mehta outlined the schedule for the remedies phase of Google’s … Read more
Leonid Radvinsky, the owner of OnlyFans, paid himself $631 million (£480 million) over nearly two years as traffic on the online platform continued to rise. Fenix International, the company behind the platform used by sex workers, musicians, and celebrities, reported pre-tax profits of $658 million for the year ending November 2023, according to recently filed … Read more