is proving its strength once again. Even with new warnings from big banks and heavy selling pressures, the premier crypto asset refuses to back down. JPMorgan (JPM) has just issued a warning, saying that banks are moving away from the likes of Bitcoin blockchain to private networks. Bitcoin price, however, has just rallied past $64,000,…
One of the more interesting AI stories right now is a coffee company. Starbucks is going all in on AI, and not the way you would expect. They are not buying chips or building data centers. They are writing their own software to replace the expensive programs they rent from Microsoft and IBM. The company…
US stocks rose modestly on Friday as SK Hynix’s (SKHYV) US listing tested the AI memory trade and investors monitored ceasefire talks between the US and Iran. The Dow Jones Industrial Average (^DJI) gained 0.3%, while the S&P 500 (^GSPC) also rose 0.3%. The tech-heavy Nasdaq Composite (^IXIC) added 0.2% following a winning day on…
By Hyunjoo Jin SEOUL, July 10 (Reuters) – When South Korean billionaire Chey Tae-won rang the Nasdaq’s opening bell for SK Hynix’s $26.5 billion listing on Friday, it marked the ultimate payoff of a bet many once considered risky: buying a loss-making chipmaker that has since become an AI powerhouse. SK Group’s 2012 acquisition of…
China has set out a five-year strategy to overhaul its retail sector as part of broader efforts to strengthen domestic demand and generate employment. Under the new guideline, authorities aim to build a modern retail system and develop several globally competitive retail enterprises by 2030. The envisaged system is expected to combine quality goods, better…
September S&P 500 E-Mini futures (ESU26) are down -0.11%, and September Nasdaq 100 E-Mini futures (NQU26) are down -0.41% this morning, taking a breather after a chip-led rally in the prior session, with all eyes on the U.S. trading debut of SK Hynix. Chip and AI infrastructure stocks slipped in pre-market trading as investors turned cautious…
By Anna Szymanski July 10 (Reuters) – From the Editor Hello Morning Bid readers! The Strait of Hormuz briefly faded from the spotlight in recent weeks amid chip stock ructions, World Cup drama, and heat waves, but another round of tit-for-tat strikes between the U.S. and Iran this week put the narrow waterway back at…
Despite the tentative recovery of oil flows through the Strait of Hormuz and the first build-up in global stocks since the war began, this week’s re-escalation of the U.S.-Iran hostilities could flip the outlook for an oil market surplus for next year, the International Energy Agency said on Friday. Oil prices have plunged since the…
Market Overview The crypto market capitalisation has reached $2.2T, rising again after a brief pause. This steady increase has formed a smooth upward trend since 8 July, which appears to be part of a broader rebound from the lows seen at the end of June. The top performers among the most actively traded coins over…
Canadian Pacific Kansas City had been on Sniper Alpha’s radar for several days, and a position was established before the latest breakout expansion. After reclaiming the 119.85 area, CP continued to improve its structure through a series of higher lows. Price then formed a tighter base beneath the breakout trigger near 127, creating a clear…
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