The Baltimore bridge collapse is set to disrupt global trade, including metals, fossil fuels and grains. The collapse of a major bridge in Baltimore on Tuesday is expected to halt the port’s coal exports for up to six weeks, potentially obstructing the transport of around 2.5 million tons

The Institute for the Study of War suggests that Russian President Vladimir Putin's efforts to revive the Russian economy are not solely about funding the country's war on Ukraine. According to a report by the ISW on Wednesday, several Russian financial, economic, and military indicators indicate

The Federal Reserve saw a net negative income of $114.3 billion in 2023, a record loss. Last year, the Federal Reserve reported a loss following a net income of $58.8 billion in 2022, according to audited figures released by the Fed. Despite the loss, the Fed emphasizes that

Global oil consumption is surging, surpassing expectations and raising doubts about when peak consumption will occur. At the CERAWeek by S&P Global conference in Houston, industry leaders expressed confidence in rising oil demand, despite the growth of electric vehicles and renewable energy. Many attendees believe that oil consumption

Fidelity Investments, which manages $4.5 trillion in assets, has filed an S-1 Form with the SEC for an Ethereum exchange-traded fund (ETF) that includes staking capabilities. After the success of bitcoin ETFs, many expected major players like Fidelity to offer an Ethereum ETF. The asset manager first filed for

Two Democrats have introduced the Shrinkflation Prevention Act to the House of Representatives. Today, Representatives Chris Deluzio (PA-17) and Marie Gluesenkamp Perez (WA-03) introduced the Shrinkflation Prevention Act, a bill aimed at preventing corporations from deceptively reducing the sizes of their products without lowering prices accordingly. Shrinkflation, which often goes

First human patient to receive a Neuralink brain implant used it to stay up all night playing Civilization 6, per IGN. The first human to receive a Neuralink brain implant has shared updates on his recovery and experience with the experimental technology, which has significantly enhanced his freedom and autonomy.

The price of cocoa has surpassed more than $9,000 a ton for the first time ever, making it more expensive than copper, per Bloomberg. Cocoa prices continued to soar, surpassing US$9,000 per ton for the first time ever, driven by a supply shortage and increasing demand from

Nvidia, $NVDA, CEO has said that we'll see fully AI-generated games in 5-10 years. This week's Nvidia GPU Technology Conference brought some exciting news, including the unveiling of Nvidia's next-generation Blackwell AI GPU, the B200. CEO Jensen participated in a Q&A session

NYC begins handing out prepaid debit cards to migrants, per NYP. The initial group of debit cards, reportedly intended for use by undocumented immigrants to buy food and baby essentials, was distributed Monday to a few migrant families in the city, as confirmed by New York City Mayor Eric Adams&

President Joe Biden announced that the federal government would cover the cost of rebuilding the Baltimore bridge, which collapsed after a cargo ship struck one of its support pillars early Tuesday morning. "We’re going to work with our partners in Congress to ensure the state receives the necessary

Nvidia, $NVDA, has announced AI-powered health care 'agents' that outperform nurses — and cost $9 an hour, per FOX. Nvidia, a leading chipmaker, has partnered with Hippocratic AI, an artificial intelligence healthcare company, to develop generative AI "agents" that not only surpass human nurses in video calls

In a significant change in the residential property market, private equity firms are increasingly acquiring a larger share of single-family homes, raising concerns about housing affordability and market competition. Recent data shows that in the third quarter of 2023, these financial entities accounted for 44% of single-family home purchases, surpassing

Cathie Wood says the price of bitcoin could head to $3.8 million. Cathie Wood, founder of Ark Invest, stated in an interview with former moderator Anthony Pompliano that her outlook on Bitcoin has significantly improved in recent months due to a surge in institutional adoption and the introduction of

The Federal Reserve's Survey of Consumer Finances provides insights into retirement savings across different age groups in the U.S. According to the latest survey from 2019: * The average retirement savings for those aged 65 to 74 is $426,000. * For those aged 75 and older, the average

California ranks dead last for job growth in US, the first time since 1993. California's job growth rate in 2023 was 0.87%, ranking it 51st among states and the District of Columbia. This is the first time since 1993 that California has been at the bottom of

U.S. Justice Department official does not rule out seeking breakup of Apple, $AAPL, says 'structural relief' a possibility. The Department of Justice filed a lawsuit against Apple on Thursday, alleging that its iPhone ecosystem has created a monopoly that has driven the company's valuation to

Russia now considers itself to be at war due to the West's intervention on Ukraine's side, according to the Kremlin. This marks a shift in the language used to describe the conflict, seemingly to prepare Russians for a longer and more challenging struggle. Kremlin spokesman Dmitry

Bitcoin to rally to $150,000 this year and could touch $250,000 in 2025, per Standard Chartered. Standard Chartered (STAN) has increased its year-end forecast for bitcoin's (BTC) price to $150,000, up from $100,000. The bank also projected that BTC will reach a cycle high

Nvidia's, $NVDA, management has described the digital transformation of the healthcare industry as one of the largest and most data-intensive opportunities in tech Last week, Nvidia revealed partnerships with Johnson & Johnson for the application of generative AI in surgery and with GE Healthcare to enhance medical imaging.

Web searches for VPNs swell 400% in Texas as Pornhub blocks access, per NYP. Searches for virtual private networking (VPN) software surged in Texas this week after Pornhub suspended its service in the state due to a law mandating adult websites to verify user ages or identities. The significant increase

The World Inequality Lab found that the wealth held by the richest 1% of India's population is at its highest level in six decades, with their share of income surpassing that of countries like Brazil and the United States. Since India opened its markets to foreign investment in

In a last-minute decision, a panel of state Appellate Division judges, all appointed by Democratic governors, ruled in favor of the former president, providing a major victory and relief. His attorneys had previously argued that coming up with the larger bond amount was practically impossible. The ruling also prevents the

Ron DeSantis signs bill requiring parental consent for kids under 16 to hold social media accounts. Florida Governor Ron DeSantis has signed a bill that will restrict children under 14 from using social media in the state. Those aged 14 or 15 will require parental consent to join a platform.

Chicago voters have rejected a tax increase on sales of properties over $1 million. The extra revenue would have gone toward addressing homelessness, per NYT. Chicago voters have turned down a proposed one-time real estate tax on properties over $1 million to fund services for homeless individuals. The defeat is