China aims to have electric and hybrid vehicles account for as much as 70% of all passenger car sales by 2030, in a massive transport shift set to further dent oil demand for road fuels. As of the end of last year, the share of the so-called new energy vehicles was 54% of all passenger…
US-based Positron AI has raised $875m in a Series C financing round, bringing the company’s post-money valuation to $5bn. The AI hardware firm is developing products aimed at making AI inference more cost effective and energy efficient. The latest funding round saw participation from NEA, Valor Equity Partners, Atreides Management, Dylan Patel’s SemiAnalysis Capital, Andra…
Crude oil prices could top $120 per barrel of Brent crude by the end of the year if fighting in the Middle East continues, RBC Capital Markets’ Helima Croft has warned, as quoted by Reuters. “Maritime traffic through the Bab el-Mandeb is gravely imperiled by the Houthi advances,” the analyst said. The comments follow news…
A $350,000 account could be exhausted in just a few years if both members of a couple required semi-private rooms in skilled nursing facilities. However, that’s not necessarily what would happen. For one thing, most people don’t run up nursing home bills of that magnitude. Also, you may be able to get government assistance to…
On Sep. 8, a federal jury in Alexandria, Virginia, convicted Jihoon Park for his role in an investment fraud scheme and defrauding a bankruptcy court. Park used his personal relationships and his previous affiliation with a large financial institution to convince members of his community to let him invest their life savings and retirement money…
HIVE Digital Technologies, a Canada-based Bitcoin miner and data center operator that trades on the Nasdaq and Toronto Stock Exchange, has appointed Mark Volk as Senior Vice President of Revenue at BUZZ HPC, its wholly owned AI cloud and high-performance computing subsidiary. Volk’s mandate is to build BUZZ HPC’s revenue engine and scale it globally….
U.S. President Donald Trump has undertaken the most aggressive federal intervention in the critical minerals and rare earth sectors ever since he returned to the Oval Office, announcing a flurry of deals as Washington desperately tries to counter China’s dominance in minerals that are powering the energy transition and AI boom. The deals included a…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Marvell Technology Inc. stock edged higher Wednesday in premarket trading as semiconductor stocks held steady. Nasdaq futures gained 0.05%, while S&P 500 futures were little changed. Data Centers Power Marvell’s Revenue Surge While no new company-specific announcement surfaced…
Mexico’s government is slashing financial assistance for the state energy major by as much as 70% despite Pemex’s continued struggle to pay down debt and boost production. The decision rests on expectations that the company will benefit from the oil and gas price rally spurred by the U.S. and Israeli war against Iran. Per a…
Apple Apple AAPL $ 335.39 $8.82 2.7% 52% IBD Stock Analysis Apple stock has risen above its 50-day moving average line Shares snapped a three-day losing streak and short downtrend Apple stock is in a flat base with a 344.57 buy point IBD Composite Rating 98/99 Industry Group Ranking 10/197 Emerging Pattern Flat Base Flat…
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