Apple shares slid nearly 3% on Friday after the company trimmed its stock buyback program by $10 billion, and warned of an estimated $900 million in additional costs for the current quarter due to trade tariffs imposed under US President Donald Trump’s administration. Chief Executive Tim Cook said the company is bracing for a significant […]
Coinbase’s decision to delist the MOVE token on May 15 has intensified concerns around Movement Labs, the company behind the token. The delisting follows a wave of controversy stemming from a $38 million USDT sell-off linked to a terminated market maker, leaked chats, and allegations of mismanagement. Coinbase Assets 🛡️ @CoinbaseAssets ·Follow We regularly monitor […]
US stocks surged on Friday after a stronger-than-expected April jobs report eased recession concerns and bolstered confidence in the economy. The Dow Jones Industrial Average gained 384 points, or 0.9%, while the S&P 500 climbed 0.9%, extending its rally and putting the benchmark index on track for its longest winning streak in over two decades. […]
Reddit Inc. (NASDAQ: RDDT) is strongly positioned to extend its gains further over the next few weeks, according to JPMorgan senior analyst Doug Anmuth. Reddit shares have already rallied some 40% since early April, but an upbeat quarterly release the forum social media platform posted this week will sustain momentum moving forward, Anmuth says. In […]
Jeff Bezos, the founder and former chief executive of Amazon, has disclosed plans to sell up to $4.75 billion worth of shares in the e-commerce giant over the next 12 months, according to regulatory filings released Friday. The planned sale of up to 25 million shares, set under a pre-arranged trading plan, will run through […]
Chinese electric vehicle manufacturers posted diverging sales trajectories in April, with Xpeng marking the strongest year-on-year growth among major players. The company delivered 35,045 EVs last month, a 273% surge from April 2023, extending its streak of monthly deliveries above 30,000 units. Meanwhile, industry heavyweight BYD led the market in terms of volume, selling over […]
Both Rigetti Computing Inc (NASDAQ: RGTI) and IonQ Inc (NYSE: IONQ) have soared about 50% over the past month as investors ran into the quantum computing stocks in hopes they’ll emerge as the next goldmines after AI in 2025. According to some experts, quantum technology’s transformative influence on industries across the board could prove even […]
Trade tensions between the United States and China are throwing a spanner in billions of dollars worth of acquisitions and initial public offerings, dealing a fresh blow to a dealmaking market that was already slow to recover this year. Prevailing tensions between the two nations have reportedly stalled Bunge Global SA’s $8.2 billion acquisition of […]
The Trump administration on Friday officially designated two of Haiti’s most powerful gang networks, Viv Ansanm and Gran Grif, foreign terrorist organizations (FTOs) and specially designated global terrorists (SDGTs). The move is aimed at disrupting the gangs’ operations and supporting efforts to restore order in the troubled Caribbean nation. The announcement was made in a […]
A new report warns that NATO is unprepared for modern digital warfare. Without stronger leadership, especially from the U.S., the alliance could face serious security risks. The Center for European Policy Analysis (CEPA) released a study showing that many NATO members are failing to modernize their military data systems. Although NATO leaders talk about the […]