Stocks edged higher on Monday after President Donald Trump said US-China trade negotiations were progressing positively, helping lift investor sentiment ahead of a pivotal Federal Reserve meeting this week. The S&P 500 climbed 0.4% to reach another all-time high, while the Nasdaq Composite also advanced 0.6%, marking a fresh record. The Dow Jones Industrial Average, […]
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The S&P 500 edged higher on Tuesday, reaching a new record as the Federal Reserve’s two-day policy meeting began. The index rose 0.1% to an intraday high of 6,624.13, while the Nasdaq Composite advanced 0.2%. The Dow Jones Industrial Average was little changed. Oracle shares gained 4% after CBS News reported that the company is […]
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Elon Musk and his social media company, X Corp, have reportedly reached a tentative deal to settle a lawsuit from former Twitter employees seeking $500 million in severance. The dispute goes back to Elon Musk’s 2022 takeover of Twitter, now rebranded as X when roughly 6,000 employees were let go. Those former workers later argued […]
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A busy night in global affairs saw Beijing sharpen its rhetoric ahead of hosting world leaders, Nvidia forced to pause a key chip rollout under Chinese scrutiny, and Elon Musk making an unlikely approach to Mark Zuckerberg in his pursuit of OpenAI. Here’s your one-stop stand to catch up on all the headlines you may […]
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Ex Populus, an Ethereum gaming firm, is taking Elon Musk-founded artificial intelligence company xAI to court over trademark infringement. According to the complaint filed in the Northern District of California last week, the blockchain gaming network alleges that Musk’s xAI has caused “widespread confusion in the marketplace,” damaging Ex Populus’ Xai brand and eroding trust […]
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October has generally been a bullish month for Bitcoin, but this year has been different. Bitcoin hit an all-time high of $126k earlier this month but has underperformed since then. The leading cryptocurrency dropped below $105k on Friday but is now showing signs of a strong recovery. It is now trading above $111k and could […]
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Bitcoin extended its gains today, reclaiming the key support level above $110,000 as easing macroeconomic tensions brought renewed momentum to the market. The total cryptocurrency market capitalisation rose by over 2% at the time of writing, stabilising above $3.85 trillion alongside a sharp uptick in trading activity. Bitcoin’s trading volume jumped more than 55% in […]
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Elon Musk’s SpaceX has made headlines again, this time not for a rocket launch, but for a major Bitcoin (BTC) transfer. The space exploration company has moved around 2,495 Bitcoin, worth roughly $268 million, to new digital addresses, marking its first significant cryptocurrency activity in three months. The transaction has caught the attention of both […]
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Ripple – the company behind the XRP token – made headlines on Wednesday after securing a $40 billion valuation through a strategic funding round. The said $500 million round was backed by major institutional names, including Citadel Securities, Galaxy Digital, and Brevan Howard. Ripple has expanded aggressively this year into custody, stablecoins, and prime brokerage […]
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Paramount Skydance is escalating its pursuit of Warner Bros. Discovery (WBD), urging the company’s board to accept its $23.50-per-share acquisition proposal, which it argues offers superior value to shareholders, reported CNBC, citing sources. The move comes as WBD explores a range of strategic options, including splitting into two entities or selling assets, with a formal […]
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