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Palantir shares continued to decline on Thursday, extending a sharp sell-off. The stock fell nearly 9%, following Wednesday’s 10% drop, which marked its worst trading day since May. The sell-off came after shares briefly reached an all-time high earlier in the week, only to reverse sharply. Wednesday’s crash came following reports that Defense Secretary Pete […]
Microsoft announced a significant milestone in quantum computing with the unveiling of its Majorana 1 chip, a development that sent shares of quantum computing companies higher on Thursday. The breakthrough marks a key step in Microsoft’s 17-year research effort and aims to accelerate the path toward building large-scale quantum computers. According to Microsoft, the Majorana […]
Franklin Templeton has launched the Franklin Crypto Index ETF (EZPZ), an exchange-traded fund holding both spot Bitcoin and Ether, the asset manager announced on February 20. This marks the second cryptocurrency index ETF to hit the US market, following Hashdex’s Nasdaq Crypto Index US ETF (NCIQ), which launched on February 14. EZPZ tracks the US […]
Stocks fell on Thursday, but losses were pared after an early sell-off. The major averages remained in negative territory, though they recovered from their session lows. The S&P 500 dropped as much as 1% in early trading but finished the day down 26.63 points, or 0.4%, at 19,962.36. The index had hit record highs in […]
Asia-Pacific markets traded mixed on Friday as investors reacted to Japan’s inflation hitting a two-year high and weighed the potential impact of renewed tariff threats from US President Donald Trump. While some regional indexes posted gains, concerns over tightening monetary policy in Japan and global economic uncertainty kept sentiment in check. Japan’s Nikkei 225 slipped […]
Meta executives are set to receive significantly larger bonuses this year, even as the company implements layoffs affecting 5% of its workforce. According to a corporate filing on Thursday, Meta’s board approved an increase in the target bonus percentage for its executive compensation plan. Under the new structure, top executives can earn up to 200% […]
Alibaba shares soared in Hong Kong on Friday, climbing as much as 11% after the Chinese tech giant reported robust quarterly earnings. The strong performance was driven by growth in its cloud intelligence and e-commerce segments, signaling a broader recovery in China’s digital economy. The stock was last trading 9.18% higher, reflecting investor confidence in […]
Standard Chartered announced a $1.5 billion share buyback on Friday alongside an upgraded earnings target, following an 18% surge in annual profit, Reuters reported. The bank attributed the strong performance to record growth in its wealth management division and robust market activity. The London-based lender reported a pre-tax profit of $6 billion for 2024, marking […]
The cryptocurrency market saw mixed movements on February 21, with Bitcoin (BTC) crossing the $98,000 mark, while Ethereum (ETH) and Solana (SOL) posted modest gains. The total global crypto market capitalization stood at $3.23 trillion, rising nearly 1% from the previous day. Meanwhile, total market volume surged by 8% to $90.13 billion, highlighting heightened trading […]