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 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 […]
Wall Street closed lower on Thursday as rising oil prices and escalating geopolitical tensions in the Middle East dampened investor sentiment and clouded the outlook for interest rate cuts. The S&P 500 fell 0.27% to 6,606.49, while the Nasdaq Composite slipped 0.28% to 22,090.69. The Dow Jones Industrial Average dropped 0.44%, or 203.72 points, to […]
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 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 […]
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 […]
SoundHound AI (NASDAQ: SOUN) opened in the red on Thursday after CFO Nitesh Sharan said he’s stepping down to join a quantum computing company on April 3rd. However, a senior D.A. Davidson analyst, Gil Luria, says the announcement is hardly any reason for long-term investors to trim their exposure to the voice artificial intelligence (AI) […]
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 […]
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 […]
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, […]