A wave of caution swept across Asia-Pacific financial markets on Monday, with most major indices closing lower as investors digested a fresh batch of economic data from China and the implications of Moody’s recent downgrade of the US credit rating. This subdued sentiment cast a shadow over the region, leading to broad-based declines, including a […]
Qualcomm has unveiled plans to rejoin the data centre market by launching new custom CPUs optimised for AI workloads, in a move that positions it directly against rivals like Intel and AMD. The chips will be designed to connect seamlessly with Nvidia’s GPUs — a critical component in training large language models and powering advanced […]
Bitcoin Pepe has emerged as a standout contender in the 2025 meme coin rally, attracting millions in presale funding and a growing online following. Built on Bitcoin’s BRC-20 standard, the project introduces a new PEP-20 token format that merges internet meme culture with Bitcoin infrastructure. Since launch, it has raised more than $9.4 million, burned […]
Shares of Netflix fell over 2.3% in premarket trading Monday after JPMorgan downgraded the streaming giant to “neutral” from “overweight”, even as it raised its price target on the stock to $1,220 from $1,150. The new target implies a modest 2.38% upside from the company’s last close at $1,191.53. The company has also removed Netflix […]
US-listed spot Bitcoin exchange-traded funds (ETFs) recorded net inflows of $260.27 million, extending a trend of positive capital movement into digital asset products. However, open interest has now dropped 5% to $29.47 billion, marking a slowdown from recent weeks as Bitcoin’s price struggled to break key resistance levels. The pullback in inflows follows a month-long […]
US stocks fell sharply on Monday after Moody’s downgraded the country’s credit rating, triggering a surge in Treasury yields and renewed pressure on equity markets. The Dow Jones Industrial Average declined by 130 points, or 0.3%. The S&P 500 dropped 0.58%, while the Nasdaq Composite led the losses with a 0.74% slide. Moody’s cut the […]
Brokerage firm TD Cowen downgraded the recently under-fire UnitedHealth to a “hold” rating. The research firm also slashed the price target to $308 from $520. Why did the analysts downgrade UnitedHealth’s stock TD Cowen’s analyst, Ryan Langston, said the new V28 Medicare advantage model affects the company more than its competitors. UnitedHealth’s higher risk adjustment […]
Klarna is in focus this morning after reporting a rather steep year-on-year increase in its quarterly loss to $99 million. In Q1 of last year, the financial technology company had lost $47 million. Klarna’s first-quarter update arrives shortly after the buy now, pay later firm hit pause on its plans of going public in the […]
Nvidia has unveiled a major expansion to its AI hardware strategy with the launch of NVLink Fusion, a platform that allows third-party processors to work seamlessly alongside Nvidia GPUs. Previously restricted to Nvidia’s own chips, the NVLink interconnect technology will now support central processing units (CPUs) and application-specific integrated circuits (ASICs) from external vendors. The […]
President Donald Trump’s trade tariffs, announced in April, have sparked sharp reactions across global markets. While many interpret the move as protectionist, Cathie Wood, founder of ARK Investment Management, believes the policy shift may instead pave the way for more open and freer international trade. Speaking on Bloomberg Television on May 19, 2025, Wood suggested […]