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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Grupo Aeroportuario del Sureste ASUR.MX, the Mexican airport operator, has jumped to the front of the field of bidders for Motiva Infraestrutura de Mobilidade’s airport portfolio, said a Reuters report citing two sources with direct knowledge of the matter. The purchase, if concluded, would complement Asur’s existing activities beyond Mexico and would be a significant step […]
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The Nasdaq 100 Index struggled as investors awaited Jerome Powell’s speech at the Jackson Hole Symposium. The hope among investors was that he would deliver a hawkish statement because of the recent inflation data. In his speech, he delivered a dovish tone that hinted towards interest rate cuts in the upcoming meeting, citing the worsening […]
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US equities eased on Monday as investors took a breather following last week’s rally and looked ahead to a series of key earnings and economic data. The Dow Jones Industrial Average slipped 89 points, or 0.2%, after surging to both intraday and closing records on Friday. The S&P 500 also fell 0.2%, while the Nasdaq […]
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Stocks were little changed on Wednesday as investors held their positions ahead of Nvidia’s earnings release, which many see as a decisive moment for the bull market. The Dow Jones Industrial Average added 25 points, or 0.1%, while the S&P 500 and Nasdaq Composite both slipped 0.1%. Gains were also capped as long-term Treasury yields […]
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Tesla Inc. investors have overwhelmingly approved Elon Musk’s $1 trillion compensation package, a record-setting deal that cements the billionaire’s grip over the electric-vehicle maker and signals renewed confidence in his leadership. Roughly 75% of votes cast supported the package at the company’s annual meeting on Thursday at its Texas gigafactory, according to chair Robyn Denholm. […]
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Tesla is exploring the idea of building its own semiconductor fabrication plant to meet rising demand for chips that power its artificial intelligence and robotics ambitions. Chief executive Elon Musk told investors at Tesla’s annual shareholders meeting on Thursday that the company is considering a “gigantic” facility, signalling its intention to take control of a […]
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Bittensor (TAO), Aster (ASTER), and PancakeSwap (CAKE) lead top losers across the 100 largest coins by market with 11%-15% dips in the past 24 hours. While tokens such as DeXe, Dash, and Tron traded in the green, Bitcoin (BTC) dipping to near $110,000 has most altcoins also showing weakness. The overall market cap has dropped […]
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