Author: Fernanda T
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Costco Increases Dividend by 14%, Meta Introduces ‘Artemis’ AI Chip, and More News
Meta Platforms (NASDAQ:META) – Meta Platforms disclosed details on Wednesday about its upcoming generation of internal AI accelerator chip, named Artemis, aiming to lessen its dependence on Nvidia’s AI chips and energy costs. The MTIA chip delivers thrice the performance of its preceding generation. Furthermore, Instagram intends to trial features to blur messages containing nudity,…
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U.S. Futures Dip Ahead of PPI and Unemployment Claims, Oil Prices Slide
U.S. index futures are down in Thursday’s pre-market trading, extending the decline seen the previous day. This movement comes after the release of a Consumer Price Index (CPI) above expectations, intensifying speculation that the Federal Reserve (Fed) may keep interest rates at high levels for an extended period, while the minutes from the last meeting…
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Bitcoin Hits $68,000 on Wednesday, MetaMask’s New Daylight Integration, and More Crypto News
Bitcoin slides below $69,000 anticipating US inflation data Before the American inflation data release by the Bureau of Labor Statistics, Bitcoin (COIN:BTCUSD) dropped below $69,000 this Wednesday. The US CPI for March indicated inflation higher than expected, reaching 3.5% annually, surpassing the forecast of 3.4%. Despite intensified efforts by the Federal Reserve to control inflation,…
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U.S. Index Futures Show Mixed Trend Ahead of Key Inflation Data Release, Oil Prices Edge Higher
U.S. index futures are showing a mixed trend in Wednesday’s pre-market trading. Investors are eagerly awaiting fundamental US inflation data, which should provide crucial insights into the Federal Reserve’s future interest rate policy direction. As of 6:31 AM, Dow Jones futures (DOWI:DJI) rose by 37 points, or 0.09%. S&P 500 futures fell by 0.01%, and…
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Delta Generates US$37 Million Profit in Q1, Google and Intel Unveil Cutting-Edge AI Chips, and More News
Delta Air Lines (NYSE:DAL) – Delta Airlines reported a first-quarter profit of $37 million, a significant increase compared to the $363 million loss from the previous year. With adjusted revenue of $12.56 billion, the company surpassed Wall Street expectations, attributing the success to strong demand for leisure and business travel, according to CEO Ed Bastian.…
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Crypto: Toncoin Soars on Tuesday, Mango Markets Fraud Trial, and Latest News
Toncoin escalates in the market with innovations in the TON network and partnership with Telegram Toncoin (COIN:TONCOINUSD), the cryptocurrency of The Open Network, has advanced in the digital asset rankings, propelled by network innovations and collaboration with Telegram. TON, associated with the messaging app, announced a partnership with HumanCode for palm-reading identification. This development, coupled…
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U.S. Futures Show Mixed Movement, Crude Oil Prices Inch Up
U.S. index futures show mixed movement in pre-market trading this Tuesday, as Wall Street turns its attention to the imminent inflation data and corporate earnings results. At 06:01 AM, Dow Jones futures (DOWI:DJI) fell 11 points, or 0.03%. S&P 500 futures rose 0.07%, and Nasdaq-100 futures gained 0.15%. The yield rate of 10-year Treasury bonds…
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Tesla Resolves Autopilot Lawsuit, JPMorgan Unveils Potential CEO Successors, and More
Tesla (NASDAQ:TSLA) – Tesla settled a lawsuit regarding a fatal Autopilot accident before the high-profile trial. The company faces legal and reputational challenges amidst promoting autonomous driving technology. Despite Elon Musk’s optimism, critics question the feasibility of self-driving cars. In other news, Tesla founder Martin Eberhard expressed regret over the cancellation of plans for a…
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Crypto: Cardano Implements Critical Updates, dYdX Faces Disruption, and More
Cardano prepares for significant updates with Chang and Ouroboros Leios Charles Hoskinson, co-founder of Cardano (COIN:ADAUSD), expresses his excitement for two critical updates: the Chang hard fork and the Ouroboros Leios consensus mechanism, aimed at enhancing the network in response to community demands. The Chang hard fork is a step towards more community governance, granting…
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U.S. Futures Dip Ahead of Key Inflation Data and Q1 Earnings Season Kickoff, Oil Prices Decline
U.S. index futures are slightly down in Monday’s pre-market trading, marking the start of a week that is eagerly awaited due to the announcement of U.S. inflation data, as well as the beginning of the first quarter financial results season. At 06:26 AM, Dow Jones futures (DOWI:DJI) fell 18 points, or 0.05%. S&P 500 futures…