Bitcoin rebounded above $82,000 on Friday after stronger-than-expected US inflation data briefly pushed the cryptocurrency below a closely watched support level. BTC fell to approximately $79,800 following September’s Producer Price Index release before buyers stepped in. At the time of this report, Bitcoin is trading near $82,000, up 1.4% over the previous 24 hours. The
Cathie Wood bought into Wednesday’s ugly AI sell-off while cutting exposure to one of the sector’s biggest winners. ARK Invest purchased 188,665 CoreWeave shares worth about $12.4 million after CRWV plunged 15.46% to $65.78. At the same time, ARK sold 31,432 Palantir shares worth roughly $6.3 million. The sale was a trim, not an exit.
Lenovo Group’s share price has lost momentum since reaching its all-time high in September. The stock has fallen for three consecutive weeks to its lowest level since September 7, and it has moved into a correction after dropping 16% from this year’s peak. So, will the decline continue, or is this a good buy-the-dip opportunity?
Samsung Electronics, SK Hynix and SoftBank plunged on Tuesday as investors worried about rising Chinese competition. Weakening confidence in AI returns and higher financing costs added to the pressure. Samsung fell 8.8% and SK Hynix dropped 9.3% by 10:40 a.m. in Seoul, sending the KOSPI down more than 6%. SoftBank lost 8.1% as Tokyo reopened
US stocks closed mixed on Monday as investors assessed rising oil prices and geopolitical tensions ahead of a busy week of corporate earnings and inflation data that could influence the Federal Reserve’s interest rate outlook. The S&P 500 slipped 0.05% to 7,807.79, while the Dow Jones Industrial Average gained 0.38%, or 198.22 points, to close
Amazon is in talks to acquire Decart, a fast-growing artificial intelligence (AI) company. According to the WSJ, Amazon is planning to buy the company in a $7 billion deal, marking a big jump from its last funding round in May, which valued it at $4 billion. Neither side has confirmed the deal, and according to
Crude oil price held steady on Friday, with Brent ending the week at $104.5 and the West Texas Intermediate (WTI) hitting $93. Brent has jumped by nearly 10% from its lowest level this month, and this recovery may continue as the Middle East erupts. Houthi and Saudi Arabia crisis escalates Crude oil prices reacted mildly
AI investment is adding another layer of pressure to US borrowing costs, as technology companies raise more debt to finance infrastructure, and expectations of future productivity gains influence long-term interest rates. ING, in its October 1 report, estimates that artificial intelligence accounts for about 20% of the forces influencing long-dated rates, with productivity expectations representing
SpaceX chief Elon Musk’s years-long effort to bring its satellite internet service Starlink to India took a dramatic turn this week. Musk, whose company competes with Ambani’s Reliance Jio and Eutelsat’s OneWeb in India’s satellite communications market, on Thursday took to X, the social media platform he owns, to challenge the delay in Starlink’s commercial
US stocks rose on Friday as technology shares rebounded from a sell-off earlier in the week, helping Wall Street recover amid elevated Treasury yields, volatile oil prices, and concerns about artificial intelligence valuations. The Dow Jones Industrial Average gained 423 points, while investors looked ahead to third-quarter earnings and upcoming inflation data. The Dow rose