Microsoft wants the feds to view its relationship with OpenAI as more of a frenemies (friends and enemies) situation than a real partnership, judging by a report filed with the SEC in July. In the filing, a form 10-K periodic financial performance and conditions report, Microsoft declared OpenAI as its rival in several passages while also […]
Stocks had a rough week, topped off with a pummeling Friday after the July jobs data came in weaker than expected. The Nasdaq led the way down, losing 3.35% on the week, followed by the Dow Jones Industrial’s decline of 2.1%, and the S&P 500′s 2.06% drop. It was a dramatic shift in sentiment that […]
Cryptocurrency markets are trading lower in sync with other financial markets as of 8/2/24 Friday afternoon 5pm. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $62,672 -1.1% Ethereum (CRYPTO: ETH) $3,013 -3.8% Solana (CRYPTO: SOL) $151.3 -6.8% Dogecoin (CRYPTO: DOGE) $0.1127 -2.3% Shiba Inu (CRYPTO: SHIB) $0.00001485 -2.2 Notable Statistics: Top Losers: Cryptocurrency Price Gains +/– Maker (CRYPTO: MKR) $2,465.1 -9.8% Beam (CRYPTO: BEAM) $0.01561 -8.5% Helium (CRYPTO: HNT) $4.57 -8.3% […]
Rich Dad Poor Dad author Robert Kiyosaki has declared that the stock market crash has arrived and “losses are substantial.” He stressed that the crash presents a lucrative opportunity for investors to buy assets at lower prices. Kiyosaki advised people to consider this downturn as a chance to get richer, predicting significant future gains in gold, […]
Strategists on Friday urged investors to take a cautious approach to a global stock market sell-off, warning it may be too early to buy the dip given that shares “look vulnerable to further falls.” U.S. stocks kicked off August sharply lower as fresh data prompted fears of a worsening economic outlook. Initial jobless claims rose […]
LONDON — European stocks extended losses on Friday amid a global downturn, as weak U.S. economic data sparked fears of a recession. The regional Stoxx 600 index was down 1.8% at 11:11 a.m. U.K. time. Technology stocks dropped 4.17%, as U.S. giant Intel fell more than 21% in premarket trade after reporting a big earnings […]
The crypto market has recently faced increased volatility, particularly due to decisions made by the United States Federal Reserve (Fed). The price of bitcoin (BTC) hit a two-week low, despite speculation about a potential interest rate cut. Bitcoin’s Mixed Reaction to Fed Announcements The latest session of the Federal Reserve resulted in no changes to […]
Traders and market analysts are divided over Bitcoin’s next potential macro top, which could reach $120,000 according to more bullish estimates. Can Bitcoin get a weekly close above the $71,500 mark? Can Bitcoin’s price top surpass $120k? Bitcoin’s price could be on track to the next leg up in the bull cycle, which could see […]
Microsoft shares fell as much as 7% in extended trading on Tuesday as investors looked past better-than-expected earnings and revenue and focused instead on disappointing cloud results. But executives provided a dose of optimism when they predicted a cloud growth speed-up in the first half of 2025. Here’s how the company did, compared with the LSEG […]
Meta agreed to pay a record $1.4 billion to settle a lawsuit by the state of Texas over the Facebook owner’s unauthorized use of biometric data by users, Texas Attorney General Ken Paxton said Tuesday. The suit, filed by Paxton in February 2022, accused Meta of capturing and using the biometric data of millions of […]
U.S. Senator Cynthia Lummis’s plan for a new Strategic Bitcoin Reserve would finance purchases of the cryptocurrency partly by revaluing gold certificates held by the Federal Reserve System, according to a draft of the legislation obtained by CoinDesk. Lummis, a Wyoming Republican who is known for her Bitcoin-friendly policy stance, announced her intention to propose […]
Bitcoin traders may have finally grown tired of Mt. Gox Bitcoin “FUD,” with markets barely reacting to a new $3 billion transfer from a Mt. Gox-affiliated wallet. On July 30, Mt. Gox moved around 47,229 Bitcoin to three “unknown wallets” over a three-hour period, according to Lookonchain. Over the period, Bitcoin stayed above $66,000 but briefly […]
