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Canaan (CAN) introduces Avalon Q, a professional-grade bitcoin mining machine specifically designed for home users. The company said, “This breakthrough product combines institutional-level computing power with household power compatibility and whisper-quiet operation, making professional Bitcoin mining accessible to everyday enthusiasts. The Avalon Q offers up to 90 TH/s hash power with adjustable consumption, making it adaptable to standard home electrical systems. This flexibility allows home miners to optimize their operation based on electricity costs and mining profitability. The Avalon Q is also the first professional-grade Bitcoin miner to support 110V home power worldwide.” The Avalon Q is available for preorder…

When Netflix created The Queen’s Gambit in 2020, it likely didn’t expect what it would do for the little-appreciated game of chess all the way in Pakistan. Five years on, the flurry of interest the hit series initially roused may have faded away, but its enduring impact on the popularity of the game, particularly among women, shows up in subtle ways. Sometimes, even on national television. For cricket-obsessed Pakistanis, chess has never really gained mainstream attention. And maybe understandably so because, let’s be honest, the game does have a PR problem. It’s not telegenic, nor does it give you the…

Consumer confidence in where the economy is headed hit a 12-year low this week, according to the Conference Board. A fresh reading out of University of Michigan today also showed a deterioration in overall sentiment with a 12% drop from February, marking the third month of decline.Despite Americans’ concerns about the economy, they seem to be spending more. Roughly one in five Americans are shopping out of fear of future price hikes, which some experts refer to as doom spending.Doom spending means making impulsive purchases largely driven out of fear over what the future may bring. In some cases, it’s…

Bitcoin has been relatively stable this week, trading around $80,000. While there hasn’t been anything too exciting, some analysts believe a big move is on the horizon. Arthur Hayes, former CEO of BitMEX, shared his prediction on X, stating, “I bet Bitcoin hits $110,000 before it retests $76,500.” Hayes attributes this potential rise to the Fed shifting from quantitative tightening (QT) to quantitative easing (QE) for Treasuries. He also speculates that if Bitcoin does hit $110,000 first, we could see a rapid surge toward $250,000. That’s an extremely bullish take, and while I remain cautious, I’ll gladly take it! Robinhood…

New York CNN  —  President Donald Trump’s auto tariffs could send the cost of a new car soaring. Fixing the car you already have will likely get more costly, too. Trump said Wednesday he is imposing 25% tariffs on car parts coming into the US, in addition to fully assembled vehicles. The tariffs on vehicles are set to take effect on April 3, while the tariffs on parts are set to go into effect no later than May 3, according to the proclamation signed by Trump. While specific price increases are uncertain, a sweeping 25% tariff on car parts could…

In early March of this year, President Donald Trump announced plans for a crypto strategic reserve that would include five cryptocurrencies: bitcoin, ether, XRP, solana and cardano. Federal reserves are held so that the government can tap into them in emergencies. For instance, the government has reserves of military equipment and medical equipment. Of course, probably the most famous federal reserve is its stockpile of gold. And while some have referred to bitcoin as “digital gold,” there are differences. As Eswar Prasad, a professor of trade policy at Cornell University, told NPR, as opposed to digital assets like crypto, gold…

KABUL: Afghanistan Women’s National Team (AWNT) players in exile urged athletes worldwide to stand in solidarity with them as they fight for their right to compete after being excluded from World Cup qualifying competitions since the Taliban takeover in 2021. Many players from the Afghanistan women’s team fled the country at the time for fear of persecution after the Taliban took control of the Afghan government. The women’s team has since been unable to compete internationally as FIFA rules require recognition by a national federation, with the Taliban-controlled Afghan Football Federation banning women’s sports. The Taliban say they respect women’s…

Barry RitholtzBarry RitholtzBarry Ritholtz had a hard time writing his first book, “Bailout Nation.”Drafted in the midst of the 2008 financial crisis, the biggest challenge, he said, was that a different company “would blow up” every week.It felt as if the writing “was never over,” said Ritholtz, the chairman and chief investment officer of Ritholtz Wealth Management, an investment advisory firm that manages more than $5 billion of assets.By comparison, the new book was a “joy” to write, largely due to the benefit hindsight, said Ritholtz, who is also a prolific blogger and creator of the long-running finance podcast “Masters…

CNN  —  Americans increased their spending last month after taking a breather in January, while inflation was a mixed bag, new Commerce Department data showed Friday. As it stood in February, America’s economic foundation remained fairly solid. However, the latest data doesn’t include the elephant in the room: President Donald Trump’s aggressive trade policy. Recently imposed tariffs on auto imports and a looming slew of other levies stand to ding America’s economic engine and drive prices higher, economists warn. The Personal Consumption Expenditures price index rose 2.5% in February from the year before, holding steady with what was seen in…

NAPIER: After a gap of more than seven years, Pakistan play a One-day International in New Zealand when both the teams clash in the first game of a five-match ODI series in Napier on Saturday. The Mohammad Rizwan-captained tourists will look to turn the tables after the country’s T20 side suffered a 4-1 loss in the preceding series. The Green shirts last played an ODI in New Zealand in 2018 at Wellington. This game was part of a five-match series in which the Sarfraz Ahmed-led tourists were whitewashed. Looking at the head-to-head ODI record during the past two years, both…