Evening digest: Bitcoin steadies, Goldman Sachs to start layoffs in April

On Thursday, Bitcoin traded around $69,000-$70,000.  Goldman Sachs is reportedly looking to start job cuts in April, while OpenAI announced it will acquire Astral, and Uber announceda  partnership with Rivian. Bitcoin holds steady amid broader market selloff Bitcoin drifted between $69,000 and $70,000 as escalating tensions in Iran and across the Middle East rattled global […]

Figma stock falls as Google AI Stitch sparks design software fears

Figma shares extended their decline this week as investor concerns over artificial intelligence competition intensified following the launch of a new design-focused product from Google. The stock dropped 8% on Wednesday and fell more than 4% on Thursday, taking its losses to about 35% for the year. The selloff reflects broader pressure across the software […]

Republicans balk at going it alone on Iran war funding

Congressional Republicans are confronting serious doubts they can pass Iran war funding on their own, especially as the potential price tag balloons into the hundreds of billions of dollars. The alternative — relying on a handful of Democrats to push it through the Senate — doesn’t look any more likely as Middle East hostilities expand, […]

European bulletin: central banks turn hawkish, Lamborghini profits fall

European markets faced broad pressure on Thursday as escalating geopolitical tensions in the Middle East rattled investor sentiment, pushed energy prices higher, and complicated the outlook for inflation and monetary policy. Central banks across Europe signaled increasing caution, Lamborghini’s profit declined while HSBC announced layoffs. European markets slide on geopolitical and inflation fears European shares […]

AI data center boom drives lithium demand as supply risks grow

The rapid expansion of artificial intelligence infrastructure is reshaping global lithium demand, with energy storage systems emerging as a key growth driver alongside electric vehicles. Last year, data centers powering chatbots and other AI applications drove a sharp rise in demand for lithium-iron phosphate batteries, which provide stable and reliable energy supply. These batteries are […]

Congress moves to scrutinize AI use in federal court

A group of lawmakers are set to introduce legislation Thursday to examine the use of artificial intelligence in federal courts, according to bill text obtained by POLITICO. Sens. Roger Wicker (R-Miss.) and Peter Welch (D-Vt.), along with Rep. Harriet Hageman (R-Wyo.), are preparing to unveil the bipartisan, bicameral Research and Oversight of Artificial Intelligence in […]

Micron stock slips 5% after earnings: should you buy the dip?

Shares of Micron Technology fell about 5% on Thursday, even after the chipmaker reported stronger-than-expected fiscal second-quarter results. The company nearly tripled its revenue in the latest quarter, driven by robust demand for memory chips used in artificial intelligence systems. Heavy spending plans weigh on sentiment Investor reaction was tempered by Micron’s outlook for significantly […]

Is it too late to invest in Cheniere stock as it hits all-time high?

Cheniere Energy (NYSE: LNG) climbed to an all-time high of nearly $297 on Thursday morning, following reports of missile strikes targeting Qatar’s “Ras Laffan” industrial complex. Year-to-date, the Houston-headquartered firm is now up some 50% amidst a perfect storm of geopolitical supply chain disruptions and robust long-term contract expansions. While record prices often trigger profit-taking, […]