Wall Street indices dipped modestly on Thursday as investors monitored the soaring valuations in artificial intelligence stocks alongside the Supreme Court’s hearing on the legality of Trump-era tariffs. The S&P 500 slipped 0.2%, the Nasdaq Composite dropped 0.3%, while the Dow Jones Industrial Average traded near unchanged. The market’s rebound from yesterday’s jitters was supported […]
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Three years ago, Cambodian Prime Minister Hun Sen presented a collection of locally crafted wristwatches to world leaders, including Joe Biden, Justin Trudeau and Anthony Albanese. Each watch bore the logo of Prince Holding Group, a conglomerate headed by Chen Zhi, a China-born entrepreneur who had reinvented himself as a Cambodian philanthropist and developer. The […]
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Fold Holdings, the publicly traded Bitcoin financial services company, has partnered with Steak ’n Shake to launch a new promotion that merges fast food with Bitcoin rewards. The campaign, which began on October 31, gives customers $5 in Bitcoin when they order the Bitcoin Burger or Bitcoin Meal at participating Steak ’n Shake locations across […]
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Duolingo stock price is collapsing. It initially jumped to $540 earlier this year and closed at $260 on Wednesday, a 52% plunge. This crash gained steam in the extended hours as it plunged by over 20% to $205. As a result, the market cap has plunged from a record high of $24.6 billion to below […]
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Warner Bros. Discovery Inc. shares gained slightly on Thursday after the entertainment conglomerate reported another quarterly loss, pressured by sharp declines in its traditional television business despite solid performances from its film studios and streaming units. The results underscored the company’s continued struggle to balance its legacy operations with its push into digital streaming amid […]
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Tesla’s board has warned that CEO Elon Musk could step down if his proposed $1 trillion pay package fails to win shareholder approval at the upcoming annual meeting. The warning, according to Reuters, was issued in a letter from chair Robyn Denholm. It marks a turning point for the world’s most valuable electric carmaker, which […]
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The USD/CAD exchange rate held steady and reached its highest level since April 11. It was trading at 1.4060, up by 3.87% from its lowest point this year as focus now shifts to the Canadian and US inflation data and Bank of Canada (BoC) and Fed decisions. Canada inflation data and BoC decision The USD/CAD […]
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The Russian ruble has rebounded this year, becoming one of the best-performing currencies. The USD/RUB exchange rate was trading at 81.05 on Friday, down by almost 30% from its highest point in January. Russian Ruble waits for central bank decision The Russian ruble will be in the spotlight this week as the country’s central bank […]
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Elon Musk has officially unveiled Grokipedia, his artificial intelligence-powered platform that aims to rival Wikipedia with a focus on “truth-based” content. The platform, launched on Monday, integrates with Musk’s Grok AI and claims to provide an open-source alternative to the community-edited encyclopedia. According to Musk, Grokipedia’s mission is to deliver “the truth, the whole truth […]
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Bill Winters, the CEO of Standard Chartered, believes the future of money will be fully digital and built on blockchain infrastructure. Speaking at the Hong Kong FinTech Week, reports CNBC, Winters said that “pretty much all transactions will settle on blockchains eventually,” signalling a radical shift in how global finance could operate. The statement reflects […]
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