[NEW:]SpaceX and T-Mobile receive approval to introduce direct-to-phone connectivity, but are delaying the power enhancement.

The Federal Communications Commission (FCC) has approved SpaceX to use its Starlink broadband satellites to provide direct-to-phone service for T-Mobile customers. This marks the first collaboration between a satellite operator and a wireless carrier to receive FCC approval for supplemental cell coverage from space.“The Commission recognized that satellite-to-device connectivity can support critical public interest benefits, … Read more

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Gold edged lower in early Asian trade. The precious metal’s bullish momentum has stalled, as markets come to terms with a more gradual pace of the Fed’s rate-cut cycle in 2025, OCBC said.

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Japanese stocks were lower in early trade, dragged by falls in retail stocks, as uncertainty over the pace of the Bank of Japan’s rate increases continues.

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The president-elect’s new SEC chair will likely withdraw from lawsuits aimed at forcing crypto to follow Wall Street rules.