ADVFN US – Market Content Editor

AI surpasses Bitcoin mining in energy consumption Recent research reveals that the energy consumed by artificial intelligence (AI) systems may be surpassing that used in Bitcoin mining. With the growing adoption of generative AI, it’s estimated that AI will consume 169 TWh in 2024 and 240 TWh by 2027, compared to 160 TWh for Bitcoin…

A highly anticipated report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased in line with estimates in the month of July. The Labor Department said its consumer price index rose by 0.2 percent in July after edging down by 0.1 percent in June. The modest increase by consumer prices…

The major U.S. index futures are currently pointing to a roughly flat open on Wall Street on Wednesday, with stocks likely to show a lack of direction following the rally seen in the previous session. The futures remained little changed even after the Labor Department released its highly anticipated report on consumer price inflation in…

U.S. stock index futures are little changed in pre-market trading on Wednesday after a strong recovery in stocks on Tuesday. The indices surpassed the levels seen on August 2, prior to the global sell-off on August 5. The rapid recovery has prompted caution among analysts, and today’s CPI report could influence the market, while concerns…

Following the lackluster performance seen in the previous session, stocks moved sharply higher over the course of the trading day on Tuesday. The major averages all showed strong moves to the upside after ending Monday’s trading narrowly mixed. The major averages saw continued strength going into the close, ending the day near their highs of…

Marathon Digital labels mined Bitcoin as “Made in USA” Marathon Digital Holdings (NASDAQ:MARA) will begin marking all U.S.-mined Bitcoin blocks with the “Made in USA” label. Fred Thiel, the company’s CEO, emphasized that this initiative reflects Marathon’s commitment to local production. The move follows comments from former President Donald Trump, advocating for Bitcoin to be…

U.S. index futures advanced in pre-market trading on Tuesday, signaling a recovery after a volatile week. Investors are eagerly awaiting inflation reports, which could provide clarity following recent market fluctuations. The Producer Price Index (PPI) will be released today, with the Consumer Price Index (CPI) scheduled for Wednesday. At 4:47 AM ET, Dow Jones futures…

Rumble Inc (NASDAQ:RUM) – Rumble, a video and digital content platform, reported a 27% sequential revenue growth, reaching $22.5 million in the second quarter of 2024. Monthly active users increased to 53 million, with ARPU rising 19% to $0.37. The company set new audience records, launched products, and expanded to Xbox, maintaining a strong cash…