Category: Latest News
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Nvidia’s China-Focused AI Chip Faces Tepid Demand as Firms Await H20 and B30A Approvals
Nvidia’s (NASDAQ:NVDA) latest AI chip for the Chinese market, the RTX6000D, has seen only limited uptake since its release, with some major tech companies holding off on purchases, Reuters reported Tuesday, citing sources familiar with procurement talks. The RTX6000D, designed mainly for AI inference applications, carries a price tag of roughly 50,000 yuan ($7,000). Industry…
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Disney to Take Minority Stake in Webtoon Entertainment
Shares of Webtoon Entertainment (NASDAQ:WBTN) surged by up to 64% in early trading on Tuesday after Walt Disney (NYSE:DIS) revealed plans to acquire a 2% ownership stake in the digital comics company. Under the new collaboration, Disney will work with Webtoon to feature its popular comic titles on a revamped digital platform and companion app.…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Markets Await Fed; Trump Blocked from Removing Fed Governor, TikTok Deal in Focus
U.S. equity futures showed modest gains on Tuesday as traders awaited key economic data and a Federal Reserve interest rate decision later this week. August retail sales are expected to offer clues about consumer resilience amid ongoing concerns over tariffs imposed by President Donald Trump. On the regulatory front, a federal appeals court blocked Trump’s…
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Gold Climbs Toward $3,700/oz Ahead of Fed Policy Decision
Gold prices edged higher in Asian trading on Tuesday, nearing $3,700 per ounce, as markets priced in a likely Federal Reserve interest rate cut later this week. Investor demand for the safe-haven metal was also supported by ongoing concerns about the central bank’s independence. Spot gold rose 0.1% to $3,681.20 per ounce by 01:42 ET…
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Oil Prices Climb on Supply Worries Amid Russia-Ukraine Conflict; Fed Policy in Focus
Oil prices rose in Asian trading on Tuesday, extending recent gains as ongoing attacks on Russian energy infrastructure by Ukraine heightened concerns over potential supply disruptions. The escalation comes after Russian forces launched a major offensive in southeastern Ukraine, including the city of Zaporizhzhia, following several weeks of Ukrainian strikes targeting Russian oil facilities. Market…
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Nasdaq, S&P 500 Climb To New Record Closing Highs
Stocks moved mostly higher during trading on Monday, adding to the strong gains posted last week. With the continued upward move, the Nasdaq and the S&P 500 reached new record closing highs. The Nasdaq jumped 207.65 points or 0.9 percent to 22,348.75 and the S&P 500 (SPI:SP500) climbed 30.99 points or 0.5 percent to 6,615.28.…
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Becoming the largest conflict-free tungsten supplier in the world
If you’ve been following critical minerals, here’s why tungsten, and Almonty Industries (NASDAQ: ALM, TSX: AII, ASX:AII), should be on your watchlist. This article is being disseminated on behalf of Almonty Industries, a third-party issuer and is intended for informational purposes only. 1. A Critical national security metal Tungsten is officially classified as a critical mineral by…
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U.S. crypto ETFs drew over $2 billion in inflows last week
Last week, U.S. spot Bitcoin ETFs recorded five consecutive days of net inflows, totaling $2.323 billion. This brought assets under management (AUM) to $15.318 billion. The inflows were led by BlackRock’s ETF (NASDAQ:IBIT), which received $1.036 billion, followed by Fidelity’s ETF (AMEX:FBTC) with $849 million. Meanwhile, spot Ethereum ETFs also showed strength, attracting $637 million…
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Forward Industries launches billion-dollar Solana plan
Forward Industries (NASDAQ:FORD) announced the purchase of 6.82 million Solana tokens (COIN:SOLUSD) at an average price of $232 per token, spending approximately $1.58 billion. The funding came from a recently completed $1.65 billion PIPE financing, led by Galaxy Digital, Jump Crypto, and Multicoin Capital. The transaction is considered the largest treasury raise focused exclusively on…
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Strategy expands Bitcoin position with new $60 million purchase
Strategy (NASDAQ:MSTR), formerly known as MicroStrategy, has strengthened its Bitcoin (COIN:BTCUSD) treasury by acquiring an additional 525 BTC in a transaction valued at approximately $60.2 million, according to a filing with the SEC. The average price paid per coin was around $114,562. This acquisition marks the company’s seventh consecutive week of Bitcoin purchases. Under Michael…