Category: Include on Menu
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Meta brings in Apple AI executive to boost Superintelligence Labs
Meta Platforms Inc (NASDAQ:META) is reportedly hiring a top artificial intelligence executive from Apple Inc (NASDAQ:AAPL) as the company plans to slow overall hiring, according to Bloomberg sources familiar with the matter. Frank Chu, who has previously led Apple AI teams specializing in cloud infrastructure, AI training, and search, is set to join Meta’s Superintelligence…
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Nvidia pauses H20 chip production amid Beijing scrutiny; shares dip
NVIDIA Corporation (NASDAQ:NVDA) has reportedly instructed some of its suppliers to suspend production of the H20 AI chip designed for the Chinese market, following heightened scrutiny from Chinese authorities, according to The Information. Shares of the semiconductor giant fell 1.2% in premarket trading on Friday at 04:14 ET (08:14 GMT). Earlier this month, Chinese regulators…
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Tesla hikes Cybertruck Cyberbeast price by $15K with new Luxe Package
Tesla (NASDAQ:TSLA) has increased the cost of its premium Cybertruck variant, the Cyberbeast, by $15,000, according to its website. The updated pricing sets the Cyberbeast at $114,990, up from the previous $99,990. The boost coincides with the introduction of a “Luxe Package,” which combines Tesla’s supervised Full Self-Driving features with complimentary access to the company’s…
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Bitcoin dips below $113k as investors brace for Powell speech
Bitcoin (COIN:BTCUSD) slipped to $112,943 on Friday, continuing a week-long downtrend as doubts over U.S. interest rate cuts weighed on risk sentiment ahead of Federal Reserve Chair Jerome Powell’s address. The cryptocurrency has lost nearly 4% this week, following a wave of profit-taking after mid-August record highs. Other major cryptocurrencies also fell, signaling broader weekly…
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Oil Edges Lower, Still Set for Weekly Gains as Russia-Ukraine Peace Talks Stall
Oil prices dipped modestly in Asian trading on Friday, as investors exercised caution ahead of Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Symposium, where markets hope for clues on U.S. monetary policy. Despite the minor pullback, crude was heading for a positive weekly performance, driven by renewed concerns over stalled peace negotiations…
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Gold Prices Retreat as Rate-Cut Bets Lose Momentum Ahead of Powell
Gold slipped in Asian markets on Friday, pressured by a stronger U.S. dollar as investors scaled back expectations for further Federal Reserve rate cuts ahead of Chair Jerome Powell’s highly anticipated speech. Other precious metals also eased, reflecting the greenback’s resilience, which is positioned for solid weekly gains. Spot gold declined 0.3% to $3,328.37 an…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Markets Eye Powell, Nvidia Chips, and Meta-Google Deal
U.S. stock futures drifted lower Friday as investors awaited Federal Reserve Chair Jerome Powell’s keynote at the Jackson Hole symposium, the central event of the week. Meanwhile, Nvidia faces production challenges for its key H20 chips, and Meta announced a major cloud computing deal with Google. Powell Speech in Focus Powell is set to speak…
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Crypto Reporting Enters the Global Stage: What DAC8 and CARF Will Mean by 2026–2027 – Chainwire
Dubai, United Arab Emirates, August 5th, 2025, Chainwire With international regulatory changes approaching full implementation, Eastern Region Group is advising digital asset stakeholders to begin preparations for compliance with the EU’s DAC8 Directive and the OECD’s Crypto-Asset Reporting Framework (CARF). These frameworks are set to bring crypto-assets under formal tax reporting requirements in over 67…
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S&P 500 Extends Losing Streak To Five Days As Powell Speech Looms
Stocks fluctuated early in the session on Thursday before mostly lower over the course of the trading day. The major averages all moved to the downside on the day, with the S&P 500 closing lower for the fifth consecutive session. The major averages finished the day off their worst levels but still in negative territory.…
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NHTSA opens inquiry into Tesla over late crash notifications
The National Highway Traffic Safety Administration (NHTSA) revealed on Thursday that it has initiated an investigation into Tesla (NASDAQ:TSLA) over potential delays in reporting crashes involving the company’s semi-autonomous or self-driving vehicles. According to the agency, several incident reports submitted by Tesla were filed months after the crashes took place, raising concerns that the automaker…