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What does it take to trigger a crash in the stock market? A once-in-a-century pandemic? The biggest war in Europe in 70 years? The US Federal Reserve instantaneously cutting off the supply of the opium of record liquidity and low interest rates? Multi-year high inflation? How about black magic? The Oxford Dictionary defines black magic as a type of magic that is believed to use the power of the devil in order to do evil. In a world where boring financial data, profit and loss statements, and complex macroeconomic events sway the everyday movement of stock prices and stock indices, one Rajkot-based stockbroker claimed last week that he spent more than Rs 8 crore to engineer a multi-day crash in the stock market with the help of esoteric black magic. Close “We are responsible to a great extent for today’s fall and the fall of the past few days in the market. You won’t believe it, but we have spent over Rs 8.5 crore today in kala jadu (black magic) to create … [Read more...] about A lone bear, black magic and a $235 billion stock market crash

Share to Twitter Share to Linkedin Topline A Russian soldier pleaded guilty Wednesday to killing an unarmed civilian during Ukraine’s first war crimes trial since Russia invaded the country in February, in what could be the first of many trials as Ukrainian authorities investigate claims that thousands of war crimes have been committed during the war. Key Facts Sgt. Vadim Shishimarin, 21, appeared at a court in Kyiv, where he was accused of killing a 62-year-old Ukrainian man in the Sumy region four days into the invasion. When asked if Shishimarin was guilty of the allegations, which include war crimes and premeditated murder, he said “Yes, fully yes,” multiple news outlets report. Shishimarin was charged with violating the laws and customs of war, and faces up to life in prison for shooting the man in the head with a rifle from an open window of a car. Ukraine’s Prosecutor General Iryna Venediktova said Shishimarin was … [Read more...] about Russian Soldier Pleads Guilty To Killing Unarmed Civilian In Ukraine’s First War Crimes Trial

Senator Nancy Binay. PHOTO FROM THE OFFICE OF SENATOR NANCY BINAY Five senators belonging to the Senate’s so-called “seatmates bloc” have been joined by four others, including “papa bear” and “mama bear,” in what appeared to be a formidable force forming in the upper chamber. They are now called the “seatmates plus,” Senator Nancy Binay said in an interview over DWIZ on Saturday. “Ako yung plus. Si Senator Loren (Legarda), si Senator (Richard) Gordon at saka si Senator (Cynthia) Villar,” Binay said. The original seatmates are composed of Senators JV Ejercito, Sonny Angara, Juan Miguel Zubiri, Sherwin Gatchalian and Joel Villanueva. Last Wednesday, Ejercito posted on social media his photo with other members of the seatmates bloc and Binay having dinner in an undisclosed location. Asked why they were incomplete in the photo, Binay said: “Oo kasi si Senator Cynthia, di nakasama noon… Mama bear e,” followed by a hearty laugh. (Yes, because Senator Cynthia wasn’t able … [Read more...] about Senate’s ‘seatmates bloc’ continues to expand

- A + A (May 18): Last month, after Elon Musk said he would acquire Twitter Inc, a Finnish cryptocurrency developer named Stani Kulechov tweeted a joke saying he was selected as Twitter’s interim chief executive officer. Then Twitter briefly suspended his account. On Wednesday, Kulechov will deliver his response: He built a rival social network based on blockchain technology, which will become available for anyone to access for the first time. The network, Lens Protocol, allows people to post and follow but differs from Twitter in a major way: Each piece of content is associated with nonfungible token, giving the creator ownership over their posts, said Kulechov, the founder and CEO of the London-based startup Aave. Musk and the Twitter co-founder Jack Dorsey have expressed interest in creating a more decentralized Twitter and open-sourcing its algorithm. Musk has also raised doubts about whether he will even go through with the acquisition, citing concerns about … [Read more...] about Twitter suspended his account. Then he launched a rival network

Black box data on crashed China Eastern 737 suggests possible “intentional nosedive” Investigators are now examining further if the crash of China Eastern Airlines 737-800 on March 21 was indeed due to “intentional action on the flight deck”. The early reports say that there is, so far, no evidence of a technical malfunction. The Wall Street Journal reported this week that flight data from one of the two “black boxes” on the Boeing jet indicated that “someone in the cockpit intentionally crashed the plane”. The comments were made by people the WSJ cited as “familiar with the preliminary assessment by US officials”. US National Transportation Safety Board officials have been working with engineers from Boeing and investigators from the Civil Aviation Administration of China since the crash. Boeing, the US manufacturer of the jet, has so far declined to comment on the early leaks and, instead, referred all questions to the Chinese regulators. At this stage, the CAAC, … [Read more...] about Thailand News Today | Crashed China eastern flight possible “intentional nosedive”

When a $70 million NFT sold at Christie’s last spring—a time before Bored Apes, Cool Cats, and Lazy Lions roamed the earth—some scoffed at the fortune spent on computer pixels that could be copy-pasted to your screen for free. But the lot wasn’t just a jpeg, it was the jpeg—and the money went to claim the original work, or the one we would call “authentic.” Take away that distinction, and yes, the file is worthless. advertisement advertisement It’s a high-stakes game that’s rife with fraud, abuse, and theft, and not even the biggest players are immune. But OpenSea, the planet’s largest NFT marketplace, might have a few tricks up its sleeve. This morning, it’s rolling out two products to safeguard the authenticity of collections on its platform. The first streamlines the verification of creator accounts, and the second banishes copymints, or spoofs of existing NFTs, using image recognition. Verified badges are among OpenSea’s so-called … [Read more...] about OpenSea is on a new quest to ban copymints, armed with AI, Twitter threads, and Discord chats

Share to Twitter Share to Linkedin Topline The stock market moved higher on Tuesday in an attempt to bounce back after six consecutive weeks of heavy losses, as investors digested the latest comments from Federal Reserve Chair Jerome Powell, who pledged to keep raising interest rates until inflation starts “coming down.” Key Facts Stocks widely rebounded, paring back some of the steep losses from last week: The Dow Jones Industrial Average rose 1.3%, over 400 points, while the S&P 500 jumped 2% and the tech-heavy Nasdaq Composite 2.8%. The market broadly moved higher—with ten out of eleven sectors in the S&P 500 posting gains, as shares of technology stocks and financials led Tuesday’s gains. Markets initially moved higher amid a solid retail sales report and news that China could soon be taking steps to ease lockdowns in cities such as Shanghai, with optimism about reopening helping boost prospects for global economic activity. … [Read more...] about Dow Jumps 400 Points After Powell Says Fed ‘Won’t Hesitate’ To Keep Raising Rates To Combat Inflation