Today's top news that you need to know! Crypto, Gold prices are low, and China has unveiled a new air balloon.
China's new air balloon, Ford $3.1 Billion battery factory, No Kids in restaurant, Twitter biggest Bug, Amazon Automated Car, Samsung Watch 5, Gold price down, Crypto $1 Trillion loss and others...
Feb 14, 2023
Tuesday
"The future belongs to those who believe in the beauty of their dreams." - Eleanor Roosevelt
Welcome to The News Channel! We understand that your time is precious, so we provide daily news that can be read in 30 seconds or less.
Here are today's top stories.
U.S.A
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Tim Scott to attend presidential forum alongside Haley
Tim Scott and Nikki Haley are set to take part in a presidential candidate forum next month in South Carolina, indicating that the two well-liked Palmetto State Republicans are likely to face off in the primary.
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China accuses the US of ‘illegally’ flying balloons across its airspace
China has accused the US of "illegally" sending high-altitude balloons into its airspace more than 10 times since January 2022. The White House immediately refuted this claim, as tensions between the two countries have escalated following the shooting down of a Chinese balloon that had crossed the continental US.
U.S. Defends Takedowns of Highflying Objects
Biden administration officials on Monday defended their decisions to shoot down unidentified flying objects over North America this weekend. They also disputed Beijing's claims that the U.S. violated Chinese airspace with high-altitude balloons.
BUSINESS
Ford will build a $3.5 billion battery factory in Michigan
The facility will be located at a greenfield site in Marshall City and is projected to create 2,500 jobs when it starts production in 2026. It will produce lithium iron phosphate (LFP) cells and nickel cobalt manganese (NCM) cells. These cells are cheaper to manufacture but have lower energy density than the NCM chemistry currently used in all of Ford's electric models.
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New Jersey restaurant bans kids under 10 over "crazy messes"
Nettie's, an upscale restaurant in New Jersey, has implemented a controversial policy: no children under 10 are allowed in the dining room. The restaurant cited high noise levels, lack of space for high chairs, and servers having to clean up "crazy messes" as reasons for the ban. Some may view this as heartless, while others may see it as common sense.
TECHNOLOGY
Amazon's Zoox tests robotaxi on public roads with employees as passengers
Amazon-owned self-driving startup Zoox has taken a major step forward in its ambitions to launch a fully autonomous ride-hail service. The company has been testing its self-driving cars on public roads in San Francisco, with employees as passengers. This marks the first time the company has allowed non-employees to ride in its vehicles.
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Twitter is just showing everyone all of Elon’s tweets now
Many of us have noticed that our Twitter "For You" feed is full of tweets and replies from Elon Musk. Not everyone is seeing this, but on Monday afternoon, some people noticed a change.
Samsung’s Galaxy Watch 5 will soon add temperature-based period tracking
Samsung has finally added temperature sensors to its Galaxy Watch 5 series smartwatches. The company is partnering with the fertility app Natural Cycles to bring temperature-based period tracking to the wrist. According to Samsung, this is primarily to help people view their cycles in an easy, convenient, and holistic manner. This includes retrospective ovulation estimates and period predictions.
Marne Levine to Depart Meta After 13 Years
Marne Levine, a leader at Meta for 13 years, is leaving. She held various roles, from COO to CSO, and was instrumental in driving the company's growth and shaping its culture. Her departure marks the end of an era for Meta, and the company wishes her all the best in her future endeavors.
CRYPTOCURRENCY
Gold and silver are down on position evening ahead of the U.S. CPI
Gold and silver prices are lower in midday U.S. trading Monday, with silver hitting a 2.5-month low and gold a five-week bottom. The near-term charts for both metals have deteriorated recently, prompting some technical selling pressure. Additionally, weak long liquidation in the gold and silver futures markets is likely occurring today, ahead of a key U.S. inflation report on Tuesday.
April gold is currently down $10.40 at $1,864.00 and March silver is down $0.175 at $21.90.
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The crypto market cap falls below $1 trillion after the BUSD halt, ahead of inflation data
The total market capitalization of the cryptocurrency market fell below $1 trillion on Monday afternoon, according to data from CoinMarketCap. This was its first drop below this threshold in three weeks.
Early Monday, stablecoin issuer Paxos said the New York Department of Financial Services (NYDFS) had ordered the company to stop creating new units for Binance's BUSD stablecoin. This is the latest regulatory action in what has already been a busy year for actions against crypto companies.
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Why You Won't See Crypto Commercials During Super Bowl LVII
Crypto has been gaining popularity, but won't be seen during Super Bowl LVII. The NFL is concerned about unregulated crypto and potentially fraudulent activities. Crypto ads have been blocked from airing during the game, and the NFL's stance won't change until the industry is better regulated and the risks are understood.
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