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Asian markets mixed as traders weigh Fed; bitcoin above $90,000
Asian markets diverged Thursday as investors digested US inflation data that supported the case for another interest rate cut next month but worries over the next Trump administration continued to cloud optimism. The figure lifted hopes that the Federal Reserve will cut rates again next month, though officials at the bank trod a careful road.
Buy now, pay later: Latin America pressured by Chinese online shops
Isidora Olave opens a package containing a T-shirt, a skirt and a handful of glitter stickers shipped to her front door in Santiago, Chile, all the way from China almost 20,000 kilometers (11,800 miles) away. "I bought it from Shein because I needed it for a specific occasion and it was cheaper than buying it here in Chile," Olave told AFP in Santiago of her latest online acquisition.
Trump victory signals golden era for crypto industry
Donald Trump's triumphant return to the White House signals a potential golden era for cryptocurrencies, whose influential backers heavily supported his presidential bid.
'First Buddy': Musk takes unusual star role with Trump
As Donald Trump prepares his return to the White House, one of his most omnipresent confidants has been not his running mate or wife but a fellow brash billionaire, Elon Musk. The turning point, according to a Wall Street Journal report, was when Biden invited automaker executives to the White House but snubbed Musk because Tesla, unlike the Detroit Big Three, is not unionized.
Workers stage walkout at US maker of Fallout video game
Hundreds of US workers at the video game giant behind Fallout staged a one-day strike Wednesday over outsourcing and remote work policies, their labor union said.
Tech's green wave hits choppy waters
Tech entrepreneurs have spent years selling the dream that we can save the planet without changing our ways, but the current focus of innovation is dividing experts and investors.
Markets stall, inflation and bitcoin rise amid Trump fears
Global equities stalled Wednesday while bitcoin hit a fresh high as traders fret over the impact of Donald Trump's presidency on the Chinese and global economies amid fears his policies may reignite US inflation, which rose on latest data.
US consumer inflation rises in October on higher housing costs
US consumer inflation edged higher last month spurred by an increase in housing costs, according to government data published Wednesday, complicating the US Federal Reserve's plans to cut interest rates. The October increase puts a slight spanner in the works of the Federal Reserve, which recently began lowering interest rates in response to easing inflation.
UK's The Guardian stops posting on 'toxic media platform' X
Britain's The Guardian newspaper announced Wednesday it would no longer post content from its official accounts on Elon Musk's X, branding it a "toxic media platform" home to "often disturbing content".
AFP
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