GLOBAL NEWS
Bio
World News Updated
Short News upload
Technology News
Stories (129)
Filter by community
Gold prices plunge in biggest one-day drop in years. Is the record rally over.
**Gold Prices Fall for the First Time in a Day: Is the Record Rally Over? ** This week, gold prices underwent a stunning reversal, suffering their largest single-day decline in several years. The price of the precious metal fell by nearly 4% to approximately $3,280 after recently reaching an all-time high of more than $3,500 per ounce. Analysts and investors are wondering whether the historic gold rally is finally over or if this sudden drop is just a temporary correction. ### What Triggered the Drop?
By GLOBAL NEWS9 months ago in Lifehack
Dogecoin, Solana and Ethereum Spike as Bitcoin Hits Monthly High
Ethereum, Solana, and Dogecoin all rise as Bitcoin reaches its monthly high. This week, the cryptocurrency market saw a surge in momentum as Bitcoin rose to its highest level in a month. This caused major altcoins like Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE) to follow suit. After a time of consolidation and uncertainty, investor sentiment turned bullish, encouraging widespread optimism that the next big crypto rally may be underway. Bitcoin Is Leading the Way The largest and most influential cryptocurrency in the world, Bitcoin, recovered on Tuesday from a recent decline that had seen prices fall below $64,000 just a few weeks earlier to reach a monthly high of over $71,000. The upward momentum was driven by a combination of macroeconomic optimism, increasing institutional interest, and a decline in selling pressure.
By GLOBAL NEWS9 months ago in Lifehack
Bearish Dollar Bets Move Toward Levels That Raise Risk of Recoil
The risk of a sharp rebound is increased when bearish dollar bets reach extreme levels. April 22, 2025 The U.S. dollar is under mounting pressure as traders and investors continue to pile into bearish bets, driving the currency to multi-year lows. The crowded nature of these positions, on the other hand, is alarming financial analysts, who believe that the situation is ripe for a sudden and potentially sharp rebound—a scenario that is frequently referred to as a "short squeeze." The dollar's once-unchangeable status as the world's reserve currency is being challenged as the global financial community loses faith in U.S. economic policy and concerns about the Federal Reserve's independence grow. Yet paradoxically, a near-term rally may be sparked by this extreme bearish sentiment. Dollar drops to a low not seen in years The U.S. Dollar Index (DXY), which tracks the value of the dollar against a basket of major currencies, has dropped to its lowest level in over three years. The index has dropped nearly 9% since the beginning of 2025, indicating widespread dissatisfaction with the fiscal and monetary trajectory of the United States government. President Trump's increasingly protectionist stance, his public criticism of Federal Reserve Chair Jerome Powell, and investor concerns that the Fed's policy decisions are no longer immune from political influence are all major contributors to this decline. Global investors have moved away from the dollar and toward alternative assets like gold, the euro, and the Japanese yen as a result of these developments, which have created an atmosphere of economic uncertainty. Extremes of Bearish Sentiment Approach An unprecedented number of short positions have been created as a result of the dollar's weakness. The dollar's continued decline has been heavily bet on by institutional investors, asset managers, and hedge funds. The Commodity Futures Trading Commission (CFTC) recently released data that shows that net short positions in dollar futures have increased to their highest levels since 2020. Notably, companies like RBC BlueBay Asset Management have made their short positions public, citing a decline in investor confidence in the economic framework of the United States. Mark Dowding, BlueBay's Chief Investment Officer, stated, "The policy uncertainty in Washington is undermining the credibility of the U.S. dollar." "The dollar is no longer regarded as a safe haven." Even though the current fundamentals appear to support this overwhelming bearish consensus, seasoned traders are aware that when everyone is moving in the same direction, the risk of a countermove is greatly increased. Risks of Rebound on the horizon A sharp rebound in the dollar — even if only temporary — could be triggered by several factors. To begin, technical indicators indicate that the dollar is currently oversold. The DXY has recently experienced a false breakout and a descending triangle pattern, both of which are typically signs of reversals in technical analysis. Support levels at 95 and 90 are being closely watched, and in the event of a bounce, resistance is likely to emerge around 101 and 107. If the dollar begins to retrace, even modest upward momentum could force short sellers to cover their positions, sparking a rally.
By GLOBAL NEWS9 months ago in Earth
Tesla Stock Is Falling. Odometers, Low Priced Cars, Earnings Loom Over Shares.
Shares of Tesla fall as a result of delays, brand issues, and competition. As Tesla's stock continues its sharp decline in 2025, investors are increasing their scrutiny of the company, which was once the undisputed market leader in electric vehicles (EVs). The automaker is facing a variety of challenges, including delayed vehicle launches, reputational damage, and stiffening global competition, as well as a market capitalization loss exceeding $500 billion and shares down more than 40% year to date. Low-Cost EV's Delay in Launching The delay of Tesla's highly anticipated low-cost electric vehicle, which was originally scheduled for release in early 2025, is a major contributor to the company's current stock woes. The vehicle was positioned as Tesla's response to the increasingly crowded mass-market EV market and was expected to cost between $25,000 and $30,000. However, recent reports suggest that this model's production will not begin until late 2026. This delay occurs at a crucial moment when EV adoption is primarily driven by affordability and accessibility, particularly in cost-conscious markets. Investors, who had hoped that the model would revive demand and drive volume sales, are frustrated by Tesla's inability to deliver on this front. Concerns have been raised regarding the company's capacity to keep up with rapidly changing industry dynamics because it has provided very little in the way of a detailed roadmap. Earnings fall short, and margins are strained. Investors' concerns have not been alleviated by Tesla's financials. The company reported earnings of $0.66 per share in its most recent report, which were lower than the $1.05 per share it earned a year ago and significantly below the expectations of analysts. Even though revenues fell short of expectations, they increased by 9% to $23.35 billion. Tesla's profit margins are under a lot of stress. The company has aggressively cut prices on a number of its models in an effort to remain competitive in the face of decreasing demand. Although this strategy temporarily increased sales volume, it has also reduced profitability, particularly in markets with higher operating costs like the United States and Europe. This squeeze on margins comes at a time when Tesla needs money to finance its robotaxi initiative and AI-powered vehicle software. Political Debates and Damage to the Company's Image Reputational damage caused by CEO Elon Musk's personal involvement in politics is another issue that is affecting Tesla's stock. Parts of the customer base have criticized Musk for his public support of far-right figures and advisory role in Donald Trump's reelection campaign, particularly in progressive markets like Europe and California. The backlash has been evident, with public calls for boycotts and protest actions like vandalism in Tesla showrooms. Real business effects have resulted from this political alignment. In the first quarter of 2025, Tesla reported a 13% drop in vehicle deliveries—the lowest in nearly three years. Analysts have pointed to Musk's contentious public persona as a growing brand liability. JPMorgan recently reduced its outlook for Tesla's profit in a rare move, citing "unprecedented brand damage" as the primary reason. Wells Fargo went even further, stating that deteriorating fundamentals and waning investor confidence could cause Tesla stock to fall another 50%. Global competition growing External threats are getting worse while Tesla struggles with internal issues. The largest of these is BYD, a Chinese manufacturer of electric vehicles that recently surpassed Tesla as the company with the most customers worldwide. Because of its strong domestic base and vertically integrated manufacturing, BYD is able to offer a wide range of models at affordable prices. Nio, XPeng, and even older automakers like Volkswagen and Hyundai are rapidly gaining market share. In addition to offering pricing that is more competitive, these businesses are also making significant investments in software, battery technology, and design—areas in which Tesla once clearly dominated. Elon Musk has acknowledged the growing threat posed by Chinese automakers, stating that these businesses could "demolish" their global counterparts without trade protections. This comment contrasts sharply with previous years, when Tesla's market position appeared almost untouchable. Uncertain Future Among Bets on Innovation Tesla is betting heavily on the future, despite the obstacles. Full Self-Driving (FSD) software, which Musk claims will eventually power a fleet of autonomous robotaxis, is still being developed by the company. Additionally, there is talk of a new Model Y, enhancements to the Cybertruck, and an expansion of Tesla's energy business. However, these long-term bets will not alleviate investor anxiety in the immediate future. The deployment timeline for robotaxi is still a mystery, and regulatory obstacles persist. In the meantime, Tesla's rivals are moving quickly, frequently with funding that is supported by the state and aggressive pricing strategies that Tesla is unable to match without hurting its margins. Last Thoughts The slump that Tesla will experience in 2025 is not the result of a single mistake; rather, it is the culmination of multiple pressures coming together simultaneously. The electric vehicle giant is going through one of its toughest periods in its history, with issues like delayed products, low earnings, challenges with its brand, and threats to its competition. Tesla will need to offer more than just bold promises in order to regain investor confidence. For the company to get back on track, timely execution, clear communication, and a renewed focus on its core values—innovation, sustainability, and customer trust—will be crucial. The market will keep a close eye on the situation until then because the path ahead appears uncertain.
By GLOBAL NEWS9 months ago in Earth
Bitcoin Braced For ‘Apocalyptic’ Price Shock After White House Confirms Fed Bombshell
After the White House confirms the Fed's bombshell, Bitcoin is prepared for an "apocalyptic" price shock. The White House has confirmed a shocking move made by the Federal Reserve, a dramatic turn of events that has shaken financial markets. This move has the potential to shake the cryptocurrency industry, particularly Bitcoin. As the Fed's new strategy has an impact on global financial systems, analysts are already anticipating what some call an "apocalyptic" price shock. The Surprise Decision of the Fed The Federal Reserve has announced a significant rethinking of its monetary policy approach in response to mounting pressure to manage economic stability while simultaneously reducing persistent inflation. A double whammy that threatens to dry up the liquidity that has fueled much of the boom in risk assets over the past few years was confirmed by the White House as the Fed will aggressively accelerate interest rate hikes and reduce its balance sheet at an unprecedented rate. This change in policy comes at a time when inflation numbers haven't gone down, the job market is getting better, and fears of a recession are getting worse. The effects on speculative assets like Bitcoin could be significant, despite the fact that Fed officials maintain that these measures are required to stabilize the economy. Under Pressure Bitcoin One of its biggest tests is coming up for Bitcoin, which has been supported for a long time as a protection against inflation and government overreach. Investors lose interest in risk assets as interest rates rise and liquidity tightens. Bitcoin and other cryptocurrencies are particularly vulnerable because they are frequently influenced more by investor sentiment and liquidity than traditional financial fundamentals. Bitcoin has already shown signs of weakness, falling below key support levels over the past month. Some analysts warn that Bitcoin could plummet to levels not seen since the crypto winter of 2022 if macroeconomic conditions and investor sentiment continue to deteriorate. Playing out "Apocalyptic" scenarios Some analysts are speaking straight. Orion Finance senior crypto strategist Mark Elwood issued the following caution: "This could be the beginning of a crypto reckoning." Bitcoin could crash below $20,000 or worse in the event that the economy fails and the Federal Reserve continues its aggressive tightening. This is echoed by others, who identify the Fed's balance sheet reduction as the most undervalued threat. The process of the central bank's quantitative tightening (QT) effectively removes dollars from the financial system, which has a negative impact on asset prices everywhere. According to Global Macro Analytics chief economist Sarah Lin, "what we're seeing is a perfect storm: inflation is sticky, the Fed is hawkish, and liquidity is vanishing." "Bitcoin has never been thoroughly tested in a low-liquidity, high-rate environment. We might soon find out how long-lasting it is." The Reaction of Investors: Strategy and Fear Cryptocurrency investors have responded quickly but in varying degrees. Some are selling off holdings to lock in gains or minimize losses. Others are getting ready to "buy the dip" because they believe that Bitcoin's long-term value proposition is still valid. Jason Leung, an author and crypto investor, stated, "Short-term pain is inevitable." "However, this could be the buying opportunity of a lifetime if you believe in the fundamentals — decentralized finance, digital scarcity, and adoption trends." Meanwhile, institutional investors, who helped legitimize and amplify Bitcoin’s rally in recent years, are reportedly taking a more cautious approach. Numerous funds are reducing their exposure or shifting to safer havens like gold or cash in response to growing regulatory scrutiny and macroeconomic uncertainty. Implications for the Cryptocurrency Market as a Whole The fate of Bitcoin frequently sets the tone for the cryptocurrency market as a whole. It serves as both a psychological anchor and a bellwether because it is the dominant asset. Altcoins are likely to suffer even greater losses if Bitcoin crashes. If prices fall too quickly or too much, it could also threaten the stability of crypto-related businesses like exchanges, lenders, and DeFi platforms. Similar to what the industry experienced in 2022, this scenario could bring about a second wave of bankruptcies and mergers. Looking Ahead: Possibility or Chaos? Even though the situation is bad right now, some experts think that Bitcoin will be stronger in the long run. They argue that Bitcoin, like gold, may regain its appeal as a hedge once the Fed's tightening cycle is over. Elena Voss, a crypto economist, stated, "Every asset class goes through cycles." "Whether Bitcoin will evolve and adapt or fall behind is the question." For the time being, everyone is focused on the Fed's next move and how Bitcoin reacts in the coming weeks. One thing is certain: the cryptocurrency market is moving into uncharted territory, whether it comes in the form of a steep decline or an unexpected display of resilience.
By GLOBAL NEWS9 months ago in Earth
Google is in more danger than ever of being broken upGoogle will fight to keep its Chrome browser in a search antitrust trial starting Monday, after losing an ad-tech suit.
Google Faces Unprecedented Pressure Amid Antitrust Trials Google, one of the most powerful tech companies in the world, is facing perhaps its greatest legal challenge yet. As the company prepares to defend itself in a major antitrust trial over its Chrome browser and search dominance, it does so under the looming shadow of another recent setback—losing an important case tied to its advertising technology business. These legal battles, taken together, mark a turning point for the tech giant and could alter its business model significantly or even cause it to dissolve. A Legacy of Disputes in Court Antitrust authorities around the world have long targeted Google. In the European Union, the company has already faced billions in fines over its Android operating system, search practices, and online shopping services. However, the current wave of U.S.-based litigation is different—more direct, more aggressive, and potentially more damaging.
By GLOBAL NEWS9 months ago in Earth
Astronomers say they’ve found strongest ever ‘hints’ of life beyond our solar system
The strongest ever "Hints" of life beyond our solar system are discovered by astronomers. Astronomers have reported the strongest evidence yet suggesting the possibility of life beyond our solar system, in a groundbreaking development that has the potential to reshape our understanding of the cosmos. The discovery, made through the James Webb Space Telescope (JWST), focuses on the atmospheric analysis of a distant exoplanet where signs of potential biological activity have been detected.
By GLOBAL NEWS9 months ago in Earth
Trump again calls for Fed to cut rates, says Powell’s ‘termination cannot come fast enough’
Trump reiterates his attack on the Federal Reserve, demands immediate rate cuts, and demands Powell's ouster. On April 17, 2025, amid growing economic and political tensions, former President Donald Trump has rekindled his attacks on the Federal Reserve and its chairman, Jerome Powell, in a familiar return to a long-standing feud. Trump, who is currently the most likely Republican candidate for president in 2024, reiterated his call for an immediate decrease in interest rates and slammed Powell's leadership, stating that "his termination cannot come fast enough." The new criticism was voiced at a campaign rally in Ohio and later appeared in posts on Trump's Truth Social social media platform. Trump accused the Fed of "suffocating the economy" with what he labeled as “reckless and unnecessary” interest rate hikes that, in his view, are slowing economic growth and burdening American families.
By GLOBAL NEWS9 months ago in Earth
Microsoft Adds a Productivity-Boosting Feature to the Snipping Tool—And I Love It
Microsoft Adds a Productivity-Boosting Feature to the Snipping Tool—And I Love It In a world increasingly dependent on screenshots, annotations, and rapid sharing of visual information, Microsoft has taken a big step forward by enhancing its beloved Snipping Tool with a much-needed productivity boost. For years, this built-in Windows utility has been a staple for students, professionals, and casual users alike. And now, with its newest feature—optical character recognition (OCR)—the Snipping Tool has leveled up in a significant way.
By GLOBAL NEWS9 months ago in Lifehack
Apple details how it plans to improve its AI models by privately analyzing user data
Apple reveals a plan to improve AI by analyzing private user data. In a move that reinforces its longstanding commitment to user privacy, Apple has detailed how it plans to enhance its artificial intelligence (AI) capabilities by analyzing user data—without compromising personal privacy. As AI continues to dominate the tech landscape, Apple’s approach stands out in a world where most companies rely heavily on massive data collection. The giant from Cupertino claims that its method will still enable it to develop AI systems that are smarter, more responsive, and more aware of their context. Balancing Intelligence and Privacy
By GLOBAL NEWS9 months ago in Lifehack
The CEO of Microsoft AI Has Some ‘Sort of Obvious’ Advice for Young People Looking to Succeed
The CEO of Microsoft AI Has Some ‘Sort of Obvious’ Advice for Young People Looking to Succeed In a world where technology is evolving at a rapid pace and industries are constantly being reshaped by innovation, it can be overwhelming for young people to figure out how to succeed. Between conflicting career advice, shifting job markets, and the pressure to stand out, finding a clear path can seem nearly impossible. But according to Mustafa Suleyman, the newly appointed CEO of Microsoft AI, the key to success is not as mysterious as it may seem.
By GLOBAL NEWS9 months ago in Lifehack
