Bitcoin and crypto prices have crashed following their huge rally on the back of Donald Trump’s U.S. election victory (despite Elon Musk quietly confirming a crypto market game-changer). The bitcoin price has crashed toward $90,000 per bitcoin, down from almost $100,000 on Monday. The crypto price correction has wiped around $200 billion from the combined $3.2 trillion…
Dell Technologies (DELL) stock tumbled in early Wednesday, after the tech hardware company reported mixed fiscal third quarter results. Earnings beat estimates but Dell’s revenue and its sales outlook came up short, despite strong growth from AI-related server sales. Dell said late Tuesday that it earned an adjusted $2.15 per share on sales of $24.4 billion…
Bad weather threatens roads over the holiday, but airports had little trouble on Wednesday morning. Scott Arnould expected traffic and long lines when he arrived at Chicago O’Hare International Airport more than four hours before his flight home to Gulf Shores, Ala., on Tuesday, as experts warned of the busiest Thanksgiving travel week ever. But…
Key Points Griffin’s Citadel hedge fund made some big moves in the artificial intelligence (AI) arena during the September-ended quarter. This has been a busy month on the news front for Wall Street. Between Election Day, earnings season, and the October inflation report, investors haven’t been hurting for catalysts. But among these various data releases,…
Key Points Investor excitement for artificial intelligence (AI) might be overhyped today. The stock market can at times seem like a manic-depressive being, exaggerating any positive or negative developments with rapid share price swings. With AI stocks like Nvidia soaring tenfold in just a few years, it is possible these stocks will head into a correction, given…
It’s nearly impossible to read or listen to anything even remotely related to artificial intelligence (AI) and not find a reference to Nvidia. The company’s graphics processing unit (GPU) chipsets are perhaps the single most important piece of architecture used in generative AI. Don’t believe me? Industry research suggests that Nvidia held 98% of GPU shipments over the last two…
European stocks opened lower Tuesday as investors assess the global implications of U.S. President-elect Donald Trump’s plans to hike tariffs on China, Mexico and Canada. The regional Stoxx 600 was down 0.61% at 8:10 a.m. London time as all sectors bar telecoms retreated. Autos led losses, down 2.1%. The index had ended in the green for a third straight…
Macy’s reported stronger-than-expected sales for the third quarter and said it’s delaying the release of its full quarterly results after it discovered an employee intentionally hid up to $154 million of expenses over several years. The department store chain, which also operates Bloomingdale’s and Bluemercury cosmetics chain in addition to its namesakes stores, was expected…
President-elect Donald Trump has always been seen as something of a business-friendly president, yet despite that fact, American businesses are already threatening to increase their prices when Trump takes office again in January of 2025. The reason for this impending price hike? Tariffs. Tariffs are taxes on goods imported into the country from foreign nations and producers. Trump,…
Microsoft is releasing the first preview of its Recall AI feature for Copilot Plus PCs today. After a series of delays, Windows Insiders in the Dev Channel can now install a new build of Windows 11 that includes Recall and Click to Do — a feature that’s very similar to Google’s Circle to Search. Recall takes screenshots…
