The US Justice Department is going to file another competition case against tech giant Alphabet, Bloomberg News Agency reports based on sources. Google’s parent company is accused of monopolizing the online advertising market. The case would be brought before a federal judge before the end of the week. Google has gained too much power, according to the US authorities, because …
U.S. consumer confidence in the economy continued to improve in January. This was revealed Friday by preliminary figures from the University of Michigan. The Consumer Confidence index improved from 59.7 to 64.6. On the current state of the economy, the respondents were even more positive. This sub-index rose from 59.4 to 68.6. The expectations index rose from 59.9 to 62.0. …
The US Department of Energy will this week come up with an “important scientific breakthrough” in the field of nuclear fusion. This weekend’s announcement follows earlier media reports of a major scientific milestone in nuclear fusion research. Presumably, scientists have succeeded in generating nuclear energy in which more energy is released than goes into it. Nuclear fusion is the fusion …
Chinese president Xi Jinping visited the Saudi capital Riyadh this week for a long-awaited three-day visit to his regional ally Prince Mohammed Bin Salman. Saudi Arabia has traditionally been an American ally, and Washington is watching the visit, which should lead to a “strategic agreement” between the two autocrats, with argumentative eyes. During his visit, Xi Jinping will meet more …
In February 1962, the United States under Democratic president J. F. Kennedy imposed a general embargo on all trade with the Caribbean country of Cuba. The ultimate goal was the fall of the revolutionary regime. Sixty years later, the anachronistic US sanctions policy is still in place, with the same goal in mind. A month ago, on November 3, 2022, …
Economic activity in industry in the United States declined slightly in October, while the service sector shrank harder. This was revealed on Monday by preliminary figures from S&P Global. The Purchasing Managers ‘ Index for the industry deteriorated from 52.0 to 49.9, falling to its lowest level in 28 months. The preliminary index for the services sector fell from 49.3 …
On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were trading at 1.00 U.S. dollars per troy ounce at the time of writing, down 1.94%. It was previously traded at a session low dollar per troy ounce. Gold would likely find support at $ 1,672.55 and resistance at $ 1,738. 70. Futures US Dollar …
TikTok is looking for partners to launch its live shopping offering in the US, the Financial Times reports. The company would be in talks with California-based TalkShopLive to offer live shopping features on TikTok. This technology allows brands to sell articles through videos on the platform. TalkShopLive takes a 10 percent commission from sellers for providing its services, and TikTok …
Governments have long been critical of cryptocurrencies, and despite the fact that the sentiment from many governments has become a lot more constructive, they are often still very cautious. But now the language from the government seems to be getting a little louder. The US Department of Defense has hired a think tank to investigate whether cryptocurrencies could pose a …
Republican governors of Southern states send buses and planes carrying asylum seekers to the Northeast. In the run-up to the mid-term elections, they are fueling the debate on migration. One limps a little, the other has his baseball cap upside down on his head so that you can see the letters USA in front. The guys – they don’t seem …
