(Reuters) -Advanced Micro Devices hit a U.S. government roadblock in its efforts to sell an artificial intelligence chip tailored for the Chinese market, as part of Washington\'s crackdown on the export of advanced technologies to the country, Bloomberg News reported on Monday. AMD (NASDAQ:AMD) tried to gain a go-ahead from the U.S. Commerce Department to...
By Ankur Banerjee SINGAPORE (Reuters) - Bitcoin was perched at a two-year peak on Tuesday, breaking above $68,600 and stalking the all-time high as money keeps rushing into the largest cryptocurrency by market value. Bitcoin has gained 50% this year and most of the rise has come in the last few weeks when inflows into...
-- Most Asian stocks fell on Tuesday as investors collected recent profits in the technology sector, while China’s economic outlook and plans for the year spurred little improvement in sentiment towards the country. Regional markets tracked overnight losses in Wall Street, as record-high valuations and anticipation of more signals on U.S. interest rates also spurred...
-- Shares of Chinese electric vehicle makers fell on Tuesday, tracking an overnight slide in Tesla Inc (NASDAQ:TSLA) after the world’s most valuable EV firm clocked a sharp sales decline in China. Shares of BYD (SZ:002594) Co Ltd (HK:1211), NIO Inc (HK:9866), Xpeng Inc (HK:9868) and Li Auto (NASDAQ:LI) Inc (HK:2015) slid between 1% to...
Source: Pixabay / TamimTaban Forbes has released its latest “30 Under 30” list in Finance, featuring a significant number of leaders from the cryptocurrency and blockchain industries, highlighting their growing influence in the financial sector. The list includes innovators like the co-founders of Injective Labs, the co-founder of Fractal, the co-founders of Toku, and leaders...
Cathie Wood’s ARK Invest trims exposure to Coinbase while loading up on more Robinhood shares. Image by Tom, Adobe Stock. Cathie Wood’s ARK Invest continues to make moves in the crypto sector, trimming its Coinbase stake while adding to its Robinhood position. The asset management firm sold nearly $5.3 million worth of Coinbase shares on...
The Fed is expected to cut interest rates by over 100 basis points in 2024 as inflation rates fall, adopting a more dovish monetary policy stance. Image by Monster Ztudio, Adobe Stock. The U.S. Federal Reserve is likely to adopt a dovish monetary policy stance in 2024, according to projections published by Deutsche Bank on...
CALGARY - Enbridge Inc. (TSX: NYSE:ENB) (NYSE: ENB) reported that the Canada Energy Regulator (CER) has approved a negotiated settlement for the Mainline pipeline system\'s tolling structure, which will remain in effect until December 31, 2028. This settlement establishes the tariffs for the transportation of crude oil and liquids from Western Canada across the continent....
After-Hours Stock Movers: MicroStrategy (Nasdaq: MSTR) declined 5.5% after it announced plans to offer $600 million aggregate principal amount of convertible senior notes due 2030 in a private offering. MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional bitcoin and for general corporate purposes. GitLab Inc (GTLB) declined...
By Brendan Pierson (Reuters) -President Joe Biden\'s administration on Monday urged a U.S. appeals court to preserve a federal mandate that requires health insurers to cover preventive care services including HIV-preventing medication and cancer screenings at no extra cost to patients. \"These are preventive services provisions that are critical and life-saving to millions of Americans,\"...