Bitcoin saw an unprecedented surge in Asia trade, reaching a staggering record high as investors began to factor the possibility of Donald Trump emerging victorious in the U.S. presidential election. With a notable increase of 7%, the cryptocurrency climbed to $75,060, surpassing its previous peak from March. This rally is…...

Perplexity, a California-based search startup, is on the verge of securing a new round of investment that could value the company at an impressive $9 billion. This surge in valuation comes amid growing investor enthusiasm for artificial intelligence (AI) companies. The startup is looking to raise $500 million in a…...

On Election Day 2024, Lambert Strether of Corrente initiated a live blog to provide updates and insights on the unfolding events. Recognizing that much has already been said about the election, he aimed for brevity while offering essential information. The anticipation among voters grew as they awaited results from key…...

On Election Day, Vice President Kamala Harris made a determined effort to secure support among Black voters while former President Donald Trump attempted to quell fears of potential violence from his supporters. Tensions ran high as Americans went to the polls for what could be one of the closest elections…...

In Lambert Strether’s Election Eve Live Blog, he sets the stage for an engaging and insightful commentary on the day leading to the elections. The blog begins with a quirky introduction, featuring “Bird Song of the Day,” highlighting the Northern Mockingbird – scientifically known as Mimus polyglottos. This nod to…...

In the current market landscape, Elf Beauty is poised to report robust revenue growth of approximately 33% for the second quarter, a significant anomaly amidst declining sales trends faced by many well-established cosmetics brands. This contrast highlights a remarkable performance from Elf, fueled by its affordable product range that appears…...

As the 2024 presidential election approaches, Wall Street analysts are urging investors to prepare for potential market volatility, especially due to the uncertain outcome of the election. The S&P 500 has shown remarkable performance this year, increasing by 21% as of October, marking the best election year since 1936. However,…...

Thomas Neuburger’s commentary on Ryan Grim’s election predictions raises significant concerns about the tangible implications for the U.S. political landscape depending on whether Kamala Harris or Donald Trump wins the upcoming election. Both scenarios present distinct challenges and potential consequences, especially as they pertain to governing efficacy and international relations.…...

In recent developments, a prominent Republican lawmaker, Michael McCaul, who chairs the House Foreign Affairs Committee, has expressed serious concerns regarding the Biden administration’s response to the growing capabilities of China’s Semiconductor Manufacturing International Corp (SMIC). McCaul has urged the U.S. Commerce Department to take more assertive measures, including visiting…...

Yves argues that, contrary to the claims of many Western governments, industrial policy is indeed a reality through various forms of financial support such as subsidies, tax incentives, and borrowing guarantees. This covert industrial policy typically favors certain sectors that are deemed critical for national growth and security, such as…...

Summary of Recent Global Events Recent reports highlight a diverse array of global events ranging from notable scientific developments to political upheavals and environmental challenges. One intriguing scientific finding reveals that certain worms reproduce by injecting sperm directly into their own heads, illustrating an unusual biological process. Meanwhile, the environmental…...