Stocks fell broadly on Thursday, with the S&P 500 logging its fifth straight decline as technology names continued to face selling pressure and Walmart shares retreated after its quarterly results. The Dow Jones Industrial Average dropped 216 points, or 0.5%. The S&P 500 slipped 0.4%, while the Nasdaq Composite also shed 0.4%. Walmart shares slid […]
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US stocks gained on Friday ahead of Federal Reserve Chair Jerome Powell’s closely watched speech at the Jackson Hole policy symposium, with investors awaiting signals on the path of interest rates. The Dow Jones Industrial Average rose 297 points, or 0.7%, while the S&P 500 added 0.3%. The Nasdaq Composite was little changed, hovering near […]
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The Trump administration is broadening its search for partners to build the Golden Dome missile defence system, reaching out to Amazon.com’s Project Kuiper and major defence contractors as tensions with Elon Musk cast doubt over SpaceX’s continued dominance in the program, as per a Reuters report. The pivot marks a strategic shift away from reliance […]
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A fresh report has surfaced in the latest tender offer from Elon Musk’s SpaceX, suggesting that the billionaire entrepreneur may re-engage in US political advisory roles in the future, reported Bloomberg. According to documents reviewed by Bloomberg and sources familiar with the contents, SpaceX included new language indicating that Musk may again serve in political […]
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For the first time in three years, Elon Musk’s SpaceX has moved a significant portion of its Bitcoin holdings, sparking speculation across the crypto community. The transaction has raised questions about the company’s intentions and the broader implications for the digital asset market. SpaceX sends $153M in Bitcoin to a new address According to a […]
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London-based Nscale, backed by Nvidia, has struck a deal worth up to $14 billion with Microsoft to deploy roughly 200,000 Nvidia GB300 chips, marking one of the largest GPU infrastructure agreements in the global AI race. The partnership cements Nscale’s position as one of Europe’s fastest-growing data centre providers and strengthens its plans to go […]
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Bitcoin prices continued to slide under renewed macroeconomic pressure, despite dovish signals from the US Federal Reserve pointing to potential rate cuts later this year. The flagship cryptocurrency remained locked in a narrow trading band between $110,781 and $113,537, as the market held a cautiously optimistic tone. Across the broader market, total crypto capitalization struggled […]
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The crypto market crash that started on Friday accelerated this week, with top coins being in the red. Bittensor (TAO) price plunged by 14%, while Aster, Immutable, Zcash, PancakeSwap, and DoubleZero being the top laggards. This article explains some of the top reasons why the crypto crash is happening. Crypto market crash happened after last […]
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The World Economic Forum’s president, Børge Brende, has raised the alarm on three potentially dangerous financial bubbles that could reshape global markets in the coming months. Speaking in Brazil’s financial hub São Paulo this week, Brende warned that crypto assets, artificial intelligence investments, and mounting government debt levels each pose significant risks to economic stability. […]
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US stocks were little changed on Wednesday as investors grappled with renewed valuation concerns surrounding the artificial intelligence trade, following mixed quarterly results from several leading technology companies. The Nasdaq Composite and the S&P 500 hovered near the flatline shortly after the opening bell, while the Dow Jones Industrial Average rose 62 points, or 0.1%. […]
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