Kenneth Wilcox

Heavy machinery, including the largest crane on the Eastern Seaboard, is being assembled at the site of the collapsed Francis Scott Key Bridge in Baltimore to begin removing the wreckage caused by the collision between the cargo ship, the Dali, and the bridge. The Dali, weighing 213 million pounds, veered off course on March…

According to a report by the European Bank for Reconstruction and Development (EBRD), the invasion of Ukraine by Russia has resulted in a significant increase in borrowing costs for the European Union’s ten Eastern member states. This rise, estimated at around half a percentage point since the conflict began, can be seen as a…

According to recent developments, self-driving technology is making significant progress despite initial hype exceeding reality. While widespread implementation of autonomous technology is still expected to take several more years, experts believe that autonomous mobility has a promising future. The S&P Global Mobility analysis released in late 2023 suggests that autonomous technology will not be…

Following a major hack that drained $20 million from its decentralized lending protocol, Sonne Finance’s SONNE token plummeted by 60%, reducing its market cap to $20 million. The exploit, which occurred on Sonne’s platform on the Optimism blockchain, involved a “donation” attack that manipulated certain markets offered by the platform, allowing the attacker to…

The article reports that Chinese electric vehicle (EV) startup Aiways is set to go public through a merger with a US special purpose acquisition company (SPAC), called Hudson Acquisition Corp, with the deal expected to value the company at around $400m. This move provides a lifeline for Aiways, which halted production at its Shangrao…

According to the latest information provided, several central banks have recently adjusted their monetary policies in response to changing economic conditions. In Sweden, the Riksbank cut its policy rate by a quarter point to 3.75% and indicated that it could make two additional cuts in the second half of the year. This follows a…

The European Central Bank (ECB) has recognized the potential benefits of using artificial intelligence (AI) in finance, such as improved data processing and cybersecurity measures, but has warned that the technology requires close monitoring due to its nascent state. The ECB highlighted concerns including herding behavior, over-reliance on a small number of providers, and…

According to a research note by Kaiko, Bitcoin (BTC) miners may be forced to sell their coins due to decreasing revenues caused by the recent halving event. The halving, which occurred on April 19, reduced the number of new coins awarded to miners for adding new blocks to the blockchain, placing increased pressure on…

Based on the latest information provided, there are signs that the US government’s support for green hydrogen infrastructure may extend beyond Plug Power’s recently approved loan guarantee. This has led to renewed interest in hydrogen fuel cell stocks such as FuelCell Energy, Bloom Energy, and Clean Energy Fuels, as investors anticipate further government assistance.…

In light of surging demand for copper due to increasing requirements for electric vehicles, wind turbines, and power grids as part of the global shift towards decarbonization, copper prices have reached historic heights. The red metal, which serves as a reliable indicator of economic health, has climbed more than 25% this year, hitting a…