The U.S. Consumer Product Safety Commission or CPSC has announced recalls including utility vehicles or UTVs and snowmobiles, as well as electric wall ovens, spin swivel chairs, toy pinwheels, and children\'s nightgowns citing various reasons. Augusta, Georgia-based Textron Specialized Vehicles is recalling Prowler Pro and Tracker UTVs citing fire risk, as well as Arctic Cat...
The National Transportation Safety Board or NTSB has opened an investigation into the recent crash and fire of a Tesla Inc. Semi truck in California. In the incident, the Tesla Semi ran off the road on Interstate 80 near Emigrant Gap, California in the early morning Monday. Though no one was injured in the accident,...
The latter is reportedly set to open a 500-rig crypto mining center in the historic city of Novgorod. Lawmakers have also spoken of the need to keep certain aspects of Russian crypto policy under wraps. They think that doing so will prevent the West from attempting to undermine new Russian state-backed crypto projects.
China\'s gross domestic product expanded 4.7 percent on year in the second quarter of 2024, the National Bureau of Statistics said on Monday. That was shy of expectations for an increase of 5.1 percent and down from 5.3 percent in the three months prior. On a seasonally adjusted quarterly basis, GDP rose 0.7 percent -...
ARK Invest CEO Cathie Wood believes El Salvador’s Bitcoin and AI adoption plan could see its GDP tenfold in the next 5 years. In an X thread, Cathie Wood praised El Salvador’s transitions into an “oasis” for Bitcoin and AI adoption under Nayib Bukele’s presidency. “President Bukele’s determination to turn El Salvador into an oasis...
JAKARTA - PT Mahakam Coal Terminal (MCT), a subsidiary of PT Ancara Logistic Indonesia Tbk (ALII), will pay off the remaining obligations earlier than the due date (voluntary prepayment) of US$20.82 billion. MCTs creditors are OCP Asia Fund IV (SF 1) Pte Limited and OCP Asia Fund V (SF 1) Pte Limited. Quoted from the...
Bank Central Asia Tbk (BBCA), the company with the highest market capitalisation in Indonesia, reported net profit of IDR 26.9 trillion in the first half (H1) of 2024, up 11.1% year-on-year (yoy) from the same period last year. BBCA’s net profit increase in H1 2024 is driven by its credit distribution rate that grew 15.5%...
The Commerce Department released a report on Wednesday showing a significant rebound by new residential construction in the U.S. in the month of June. The report said housing starts shot up by 3.0 percent to an annual rate of 1.353 million in June after plunging by 4.6 percent to a revised rate of 1.314 million...
The Bitcoin (BTC) price is set to end Monday with losses of close to 3%. The market is set to end the month on a sour note thanks to not as dovish as hoped-for commentary from US Federal Reserve Chairman Jerome Powell and jitters about Japan’s hawkish incoming PM. Powell’s speech indicated a preference towards...
Indian shares look set to open on a tepid note Friday, tracking mixed cues from global markets as investors await Fed Chair Jerome Powells Jackson Hole speech later in the day for greater clarity on the upcoming policy action by the U.S. central bank. Meanwhile, the monthly economic review for July released by the Finance...