-- Most Asian stocks kept to a tight range on Monday, tracking weakness in Wall Street as stronger-than-expected inflation data fueled more fears of higher-for-longer U.S. interest rates. Wall Street indexes fell on Friday after data showed U.S. producer price index inflation grew more than expected in January. The reading, which came just days after...
Jack Dorsey’s payments company Block has shifted its focus from designing chips to developing a full Bitcoin mining system. In a recent blog post, Block unveiled its accomplishment of designing a standalone three-nanometer (3nm) Bitcoin mining chip and disclosed that it is currently collaborating with a leading global semiconductor foundry to finalize the chip’s design. However,...
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The increase in the UK unemployment rate and the marginal slowdown in wage growth in the three months to February suggest an easing of pressure in the labor market. The ILO jobless rate rose to 4.2 percent from 3.9 percent in three months to January, the Office for National Statistics reported Tuesday. The rate was...
As Bitcoin (BTC/USD) hovers above the $62,000 mark, showing a 1.50% increase on Saturday, the cryptocurrency landscape is abuzz with anticipation. This pivotal moment makes 99% of Bitcoin addresses profitable, sparking a debate on the future trajectory of this digital asset. Analysts, including the renowned PlanB, suggest we are on the cusp of a bull...
The Russian crypto mining hotspot of Irkutsk appears to be cracking down on illegal and quasi-legal miners. Per a Telegram post from the Irkutsk Prosecution Service, an unnamed crypto miner, aged 35, will “stand trial for stealing electricity” in the town of Cheremkhovo. Irkutsk: Russian Crypto Mining Hotspot Hopes to Avoid Power Drain The move...
Bitcoin (BTC) remains under pressure around the $66,396 level, with recent trading hitting an intra-day low of $65,400. This forecast comes as the market reacts to the U.S. government’s transfer of $2 billion worth of Bitcoin, which has led to a 3.8% price drop and increased market volatility. Investors are closely watching key price levels...
The Switzerland market ended slightly up on Thursday after spending much of the day\'s session fairly well above the flat line. Investors assessed the latest batch of European economic data, reacted to earnings and other corporate updates. The benchmark SMI, which advanced to 12,016.03 around mid afternoon, ended with a small gain of 8.08 points...
Shares of McCormick & Co. Inc. were gaining around 5 percent in the pre-market activity on the NYSE after the seasonings and spices maker increased its fiscal 2024 outlook for earnings after reporting higher third-quarter earnings, above market. The company further reaffirmed its sales and operating profit growth outlook for the year on a constant...
By Jonathan Stempel (Reuters) - Nvidia, whose chips power artificial intelligence, has been sued by three authors who said it used their copyrighted books without permission to train its NeMo AI platform. Brian Keene, Abdi Nazemian and Stewart O\'Nan said their works were part of a dataset of about 196,640 books that helped train NeMo...