This week just got worse for Bitcoin () investors. Bitcoin suffered a flash crash that pushed the BTC price below $60,000. It was the first time since October 2024 that the BTC price fell below the $60,000 level. This price drop sent waves of panic across the Bitcoin market. Bitcoin price quickly rallied above this…
What happened: Memory and storage stocks rallied on Thursday. Shares of Sandisk (SNDK) and Western Digital (WDC) gained 21% and 4%, respectively, while chipmaker Qualcomm (QCOM) and machine manufacturer Applied Materials (AMAT) also rose. What’s behind the move: The iShares Semiconductor ETF (SOXX) ticked up by more than 3% after Micron Technology’s (MU) blowout quarterly results…
What happened: IBM (IBM) shares erased earlier gains to slip into negative territory on Thursday. What’s behind the move: The enterprise information technology company unveiled what it called the world’s first sub-1-nanometer (nm) chip technology. “IBM’s new sub-1 nm chip packs nearly 100 billion transistors onto a chip the size of a fingernail, nearly twice the density…
Everybody already knows this stock for one thing, and that is the whole opportunity. Say the name Eli Lilly, ticker LLY, and people picture one thing. Weight-loss drugs. The shots everybody is talking about, the obesity boom, the reason the stock went vertical over the last couple of years. That label is not wrong. It…
By Nick Carey and Divya Rajagopal WUHU, China/TORONTO, June 25 – Just two weeks after Canadian Prime Minister Mark Carney announced in January he would allow limited electric-vehicle imports from China, that country’s biggest auto exporter, Chery, held its first meetings in Canada with car dealers. China’s national champion BYD, now the world’s largest EV…
Tertiary Minerals (AIM:TYM) managing director Richard Belcher joined Proactive’s Stephen Gunnion to discuss the company’s largest drilling programme in Zambia to date and next steps at its Mushima North project. Belcher explained that the 4,000-metre campaign aims to support delineation of a formal mineral resource at the Target A1 prospect by year-end, while also testing…
This story was originally published on Supply Chain Dive. To receive daily news and insights, subscribe to our free daily Supply Chain Dive newsletter. FedEx will begin passing refunds on now-defunct tariffs back to customers that originally paid them starting in August, EVP and Chief Customer Officer Brie Carere said in an earnings call Tuesday….
(Corrects paragraph 18 to fix formatting) By Laurie Chen BEIJING, June 25 (Reuters) – Chinese AI startup Z.ai said on Thursday it plans to use domestic listing proceeds to fund a quest for artificial general intelligence, after its latest model scored close to leading U.S. models from Anthropic and OpenAI on public benchmarks. Z.ai’s flagship…
The crypto market has fallen 1.4% over the past 24 hours, retreating to $2.12T as it continues its gradual return to the lows seen at the start of June. Notably, this time, cryptocurrencies were in no hurry to rebound alongside the stock market, preferring to wait for a more confident recovery to take shape. Over…
Silver (XAGUSD) remains in a strong bearish trend after a sharp impulsive decline. Price is now consolidating inside a symmetrical triangle, which appears to be a continuation pattern rather than a reversal. As long as price remains below the descending trendline and the invalidation level, the bias stays bearish. A confirmed breakdown from the triangle…
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