With the transition of power following the 2024 election, the appointment of Chris Wright as head of the Department of Energy (DOE) marks a significant pivot in U.S. energy policy. As a prominent figure in the oil and gas sectors, his ascension reflects President-elect Donald Trump’s commitment to a particular vision of energy independence driven
Politics
In 2016, the cryptocurrency exchange Bitfinex faced one of the most significant hacks in digital currency history, resulting in the theft of nearly 120,000 bitcoin. The mastermind behind this colossal breach, Ilya Lichtenstein, would later find himself in the crosshairs of law enforcement for his shocking and elaborate money-laundering scheme. What was initially valued at
In a striking development in American politics, President-elect Donald Trump has nominated Florida Republican Congressman Matt Gaetz as U.S. Attorney General. This controversial choice has ignited discussions regarding loyalty, ethics, and the ramifications of Gaetz’s prior conduct and investigations. As Trump prepares for his second term, this nomination not only signals a departure from traditional
Elon Musk, the billionaire CEO of Tesla and SpaceX, has established a significant foothold in the political arena, particularly during the transition period following the recent elections. His recent interactions with President-elect Donald Trump underscore the growing convergence of technology and politics. By closely aligning himself with Trump and his administration, Musk not only amplifies
In a notable ruling delay, a New York judge has postponed the decision surrounding President-elect Donald Trump’s criminal case involving hush money payments. Initially set to address the matter on a Tuesday, Judge Juan Merchan’s decision has now been pushed back to November 19. This postponement emerged after the Manhattan district attorney’s office sought additional
As the political landscape shifts with the impending administration of President-elect Donald Trump, his recent cabinet appointments have stirred significant discussion, particularly in relation to environmental policy. The selection of Lee Zeldin as the head of the Environmental Protection Agency (EPA) and Elise Stefanik as the U.S. ambassador to the United Nations highlights a complex
Taiwan Semiconductor Manufacturing Company (TSMC) plays an integral role in the global semiconductor landscape, particularly within the domain of advanced chips utilized in artificial intelligence (AI) and graphics processing units (GPUs). As the world’s leading semiconductor manufacturer, TSMC facilitates innovations across various high-tech industries. However, recent developments concerning export regulations reflect a significant shift in
The Federal Reserve, widely known as the Fed, functions as the central bank of the United States, playing a pivotal role in shaping the nation’s monetary policy. Established with the intention of insulating economic decisions from political pressures, the Fed operates independently to foster stable economic growth, achieve low unemployment, and manage inflation. This independence
In a game-changing development for political forecasting, Polymarket, a leading online election betting platform, is set to re-establish its operations in the United States. This decision comes on the back of its noteworthy accuracy in predicting the election outcome of President-elect Donald Trump. At the forefront of this resurgence is Polymarket’s founder and CEO, Shayne
Germany, once hailed as Europe’s economic powerhouse, now finds itself grappling with precarious financial circumstances. Following a narrow escape from a technical recession in the third quarter of 2023—with a modest GDP growth of 0.2% after a contraction of 0.3%—the nation is facing a bleak economic outlook. The German Finance Ministry’s revised expectation of contraction