Gold and other traditional safe-haven assets are surging amid a softening US dollar, yet Bitcoin continues to falter. This week, gold pushed past the $5,000 mark, setting fresh all-time highs and building on its strong momentum. Silver also joined the rally, climbing above $120 per ounce. However, and in stark contrast, Bitcoin continued to struggle.
Teladoc stock price crashed to a record low as demand for its services waned after the pandemic. It plunged to a low of $5.74, down sharply from the all-time high of $308, with its market capitalization falling from a high of $46 billion to the current $1 billion. This crash may continue as the stock
The Dow Jones Index Futures rose and is nearing the all-time high as investors waited for key earnings from its constituent companies, the Federal Reserve interest rate decision, and the potential government shutdown. It rose to $49,412, a few points below the all-time high of $49,630. Dow Jones Index waits for key corporate earnings The
The UK government is stepping up its push to build sovereign artificial intelligence capabilities, announcing a new partnership with Meta to develop open-source AI tools for transport, public safety, and defence. The initiative, as reported by Reuters, reflects a broader effort to embed AI directly into government operations while keeping control of data, systems, and
Binance Coin (BNB) is currently testing a critical resistance zone near $915. The cryptocurrency, which is the native token within the Binance ecosystem, has seen modest gains over the past 24 hours, trading around $880.18. The altcoin’s price has risen by 0.8% in a day, reflecting cautious optimism among traders. The 24-hour trading range has fluctuated
Pinterest Inc (NYSE: PINS) is in focus this morning after the social media platform said it will lay off nearly 15% of its workforce and downsize office space considerably to “reallocate resources”. The visual search engine believes these cuts will be completed by late September, and result in up to $45 million of pre-tax restructuring
Winter Storm Fern hammered the US this weekend, and Rystad Energy has warned that the deep freeze will continue to wreak havoc on US onshore oil and gas production. “Natural gas supply outages have emerged across the US in the wake of Winter Storm Fern, with an initial loss of 2 billion cubic feet per
Micron stock (NASDAQ: MU) has already been one of the biggest winners of the AI boom as demand for advanced memory chips exploded. Yet a growing group of analysts now argues the real surprise may still lie ahead. Their thesis is based on Micron’s sudden clout in high-bandwidth memory (HBM), the specialist memory chips that
Ripple, the global blockchain and digital payment company, has announced a strategic partnership with Jeel, the innovation arm of Riyad Bank in Saudi Arabia. Reece Merrick @reece_merrick ·Follow More big news from the Middle East! @Ripple is partnering with @Jeelmovement, the innovation arm of @RiyadBank, to advance Saudi Arabia’s financial future through blockchain innovation 🇸🇦
Seagate Technology stock price has gone parabolic in the past few months, helped by the ongoing demand for memory devices as the artificial intelligence industry (AI) boom accelerates. It jumped to a high of $350, up by 452% from its lowest level in April last year. This article explores what to expect ahead of its