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Xiaomi, the renowned Chinese smartphone manufacturer, officially introduced its highly anticipated electric vehicle, the Xiaomi Speed Ultra 7 Electric Car (SU7) sedan, during a launch event in Beijing on Thursday evening. Leading the unveiling was Lei Jun, the company's founder and CEO, who had teased the launch earlier in the week, expressing Xiao…

Seth Meyers Trump Truth Social Valuation, host of Late Night, humorously dissected the recent multi-billion-dollar valuation of Donald Trump's Truth Social during his "A Closer Look" segment. Meyers, known for his comedic commentary, quipped about Trump's purported financial struggles, likening his efforts to raise funds to selling bibles on TV. De…

Recent Colorado's Jobs Data released by Colorado in March is under scrutiny due to concerns about its accuracy. Despite being touted as official figures, the U.S. Bureau of Labor Statistics (BLS) has cast doubt on the reliability of the data, highlighting discrepancies that make it more of an estimation rather than a precise reflection of employmen…

Larry Fink, Chairman and CEO of BlackRock, has added his voice to the chorus advocating for an increase in the Social Security retirement age. In his annual letter to investors, Fink expressed his belief that while individuals should not be compelled to work longer than desired, the notion of retirement at age 65, originating from the era of the Ot…

The renowned "Buffett Indicator," devised by billionaire investor Warren Buffett in 2001, is sounding the alarm as it reaches a two-year high. This measure, hailed by Buffett himself as one of the most reliable gauges of stock market valuation, compares the total market capitalization of publicly traded companies to the country's gross domestic pro…

On Wednesday morning, the Japanese yen plummeted to its lowest level against the US dollar in 34 years, sparking concerns among Japanese finance officials. This decline in the yen's value is attributed to a currency situation rather than an outright crisis, with the root cause lying in the differing interest rate policies between Japan and the Unit…

Former customers of the cryptocurrency exchange FTX Customers expressed dismay and frustration on Thursday following the sentencing of Sam Bankman-Fried, the exchange's former billionaire CEO, to 25 years in prison. The verdict was delivered by a New York judge, sparking outrage among those who had suffered significant losses due to FTX's sudden co…

Federal Reserve officials reaffirmed their commitment to cutting interest rates three times in 2024, despite ongoing concerns about elevated inflation levels. At their latest meeting, the officials opted to maintain the benchmark rate unchanged for the fifth consecutive time, fueling optimism in financial markets. The Fed's decision to maintain its…

The U.S. Federal Trade Commission (FTC) has issued recommendations urging policymakers to investigate stores Grocery Profits which have remained notably high since the onset of the pandemic. Additionally, the FTC has filed a lawsuit aimed at blocking Kroger's proposed acquisition of smaller rival Albertsons, citing concerns over potential price hi…

As Israel navigates through its current Economy challenges, the anticipation of the "day after" unveils a complex social and economic landscape that demands attention. Moody's recent announcement of downgrading Israel's credit rating to 2A, a first-time occurrence, along with a negative rating forecast, amplifies the economic hurdles ahead. This ec…