The House of Representatives’ recent passage of the Financial Innovation and Technology for the 21st Century Act (FIT21), colloquially dubbed the “crypto bill,” has experts cautiously optimistic about the bill’s potential to bring much-needed regulatory clarity. Still, questions remain about…
Shiba Inu (CRYPTO: SHIB) is benefiting from market optimism and a rising burn rate, prompting traders to foresee an upcoming price rally. What Happened: Shibburn data reported a burn rate of 434.6% in the past 24 hours, with more than…
A cryptocurrency heavily endorsed by social media giant Telegram turned out to be a dud in its opening week, leaving investors who bought into the hype with heavy losses. What Happened: Notcoin (CRYPTO: NOT) debuted on the Toncoin (CRYPTO: TON)…
Snowflake Inc (NYSE:SNOW) is negotiating to buy Reka AI for over $1 billion to enhance its generative AI capabilities. Reka AI, launched in 2022 by former Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google and Meta Platforms Inc (NASDAQ:META) researchers, specializes in large language models, which have applications…
U.S. stock futures were flat Wednesday morning as investors awaited a crucial report on consumer prices. The Consumer Price Index (CPI) for April is expected to significantly impact market direction due to its influence on Federal Reserve interest rates. Currently, the futures…
Shiba Inu (CRYPTO: SHIB) is seeing fundamental developments that might lead to a potential price breakout. What Happened: Crypto trader Javon Marks foresees Shiba Inu reaching and surpassing its all-time high of $0.000088598, which would imply a price appreciation of…
Advanced Micro Devices Inc (NASDAQ:AMD) increased its market share for client and server categories in the x86 processor market. Despite intense competition in the market, particularly between AMD and Intel Corp (NASDAQ:INTC), AMD continued to grow. Intel, however, made gains in the Internet…
Right after Berkshire Hathaway, Inc.’s (NYSE:BRK) (NYSE:BRK) annual shareholder meeting, Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk yet again indirectly urged Warren Buffett to invest some of his cash pile in the electric vehicle maker. However, Tesla investor and Future Fund Managing Partner Gary Black doesn’t see this as a possibility. What…
FMC Corporation (NYSE:FMC) is expected to release earnings results for its first quarter, after the closing bell on May 6. Analysts expect the company to report quarterly earnings at 33 cents per share, down from $1.77 per share in the…
Nvidia Corporation (NASDAQ:NVDA) shares closed higher on Thursday as semiconductor stocks recorded gains following strong quarterly results from Qualcomm (NASDAQ:QCOM). The Federal Open Market Committee (FOMC) did not intend to raise rates and is still open to lowering them before…
