Category: Latest News
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Bitcoin Pulls Back After Failing to Hold Above $79K; Vegas Summit in Spotlight
Bitcoin retreated toward the $77,000 level on Monday after an early advance lost momentum, with higher oil prices and ongoing geopolitical uncertainty dampening broader risk sentiment. The leading cryptocurrency was last down 0.7% at $77,581.7 by 03:04 ET (07:04 GMT), having earlier reached an intraday peak of $79,461.7. The asset continues to encounter firm resistance…
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U.S.-Iran Deadlock Weighs on Futures as Earnings Season Kicks Off: Dow Jones, S&P, Nasdaq, Wall Street
U.S. equity futures traded lower early Monday after Donald Trump halted plans to send negotiators for renewed talks with Iran, prolonging tensions between Washington and Tehran. The continued closure of the Strait of Hormuz is keeping pressure on global oil prices. At the same time, Verizon Communications Inc. (NYSE:VZ) is set to begin a packed…
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AI funding pressures ease as cash flow growth outpaces spending: JPMorgan
The financial strain tied to the tech sector’s heavy investment in artificial intelligence appears less severe than previously expected, as rising cash flows continue to outstrip capital expenditure growth, according to strategists at JPMorgan. A team led by Nikolaos Panigirtzoglou estimates that the sector is on track to deliver cash flow growth of about 25%…
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Gulf Oil Output Slumps 57% From Pre-War Levels, Goldman Says
Crude production in the Gulf has dropped by an estimated 14.5 million barrels per day—around 57% below pre-conflict levels—according to Goldman Sachs, which cautions that a full recovery may take longer than markets anticipate even after the Strait of Hormuz reopens. In a note to clients, analyst Daan Struyven said output could largely rebound within…
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AI adoption expands but remains concentrated in select sectors, says Wolfe Research
The use of artificial intelligence is growing across the U.S. economy, but it continues to be largely concentrated in a limited number of industries, according to new findings from Wolfe Research. Data from the U.S. Census Bureau’s Business Trends and Outlook Survey shows that just 19% of companies currently use AI in the production of…
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Semiconductor Surge Lifts S&P 500 and Nasdaq to Fresh Records
U.S. stocks finished the week on a split note Friday as a powerful rally in semiconductor shares propelled the S&P 500 and the Nasdaq Composite to new all-time highs, while the Dow slipped modestly. Intel’s blowout first-quarter earnings report was the catalyst, triggering a broad-based buying spree across the chip sector that extended the Philadelphia…
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Citius Pharmaceuticals Secures $5M Through Equity Offering
Citius Pharmaceuticals Inc. (NASDAQ:CTXR) announced it has entered into a definitive agreement to raise approximately $5 million via a registered direct offering alongside a concurrent private placement. Offering Structure The company will issue 5,076,143 shares of common stock at $0.985 per share in an at-the-market priced transaction under Nasdaq rules. In parallel, Citius will grant…
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K-Tech Shifts Strategy to Hunting Gear, Targets $60M Revenue by 2027
K-Tech Solutions Company Limited (NASDAQ:KMRK) announced a strategic pivot away from educational toys toward hunting and outdoor sporting equipment, as it looks to accelerate growth in new markets. Ambitious Revenue Target The Hong Kong-based group said it is aiming for annual revenue of $60 million by fiscal 2027, which would represent a more than threefold…
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Scinai Raises $2.61M to Support CDMO Expansion
Scinai Immunotherapeutics Ltd. (NASDAQ:SCNI) announced it has secured approximately $2.61 million through a private placement and warrant inducement transaction, as the company looks to strengthen its manufacturing platform and advance its pipeline. Details of the Fundraising The company agreed to issue 5,208,333 American Depositary Shares at $0.48 per ADS to a life sciences institutional investor…
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WiMi Hologram Cloud Posts Strong Profit Growth and Improved Balance Sheet in 2025 Filing
WiMi Hologram Cloud Inc. (NASDAQ:WIMI), a Beijing-based provider of holographic augmented reality technologies, reported a sharp increase in profitability and stronger financial positioning in its latest annual filing. 2025 Results Highlight Profit Surge On April 24, 2026, the company announced the filing of its Form 20-F for the year ended December 31, 2025, revealing net…