Friday’s employment report got the weekend off to a bad start, and now most global markets appear to be trying to shake off the effects of a major hangover on Monday. Add global socio-political conflict in the Middle East and weak earnings among tech and consumer-facing companies into the mix, and you have a full-blown […]
Pundit Glenn Carell works his post on the floor of the New York Stock Exchange on Monday as financial markets fell around the world. (Richard Drew / Associated Press) Exciting times are brewing on Wall Street. Stocks had been falling at alarming rates for several days, but things turned from alarming to alarming on Monday.
(Bloomberg) — Shares of Palantir Technologies Inc. jumped in extended trading after the company raised its annual outlook, citing continuing demand for its artificial intelligence software. Most Read from Bloomberg Palantir Chief Executive Alex Karp said on a call with analysts that the earnings report was a “historic” report for the company, which provides data
Can the U.S. economy survive interest rates hovering at their highest levels in two decades? That’s a question that’s been echoing through financial markets after July’s weak jobs report and the subsequent global sell-off in stocks. The Federal Reserve kept interest rates steady between 5.25% and 5.5% after its meeting last week. The July jobs
Lumen Creates Private Networks Division to Meet New Demand DENVER, August 5, 2024 /PRNewswire/ — Lumen Technologies (NYSE: LUMN) today, 5 billion dollars New business driven by huge demand for AI-powered connectivity. Large companies across industry sectors are rapidly securing fiber capacity as this resource becomes increasingly valuable and potentially limited due to increasing AI
Bitcoin (BTC) has long been a cornerstone of the cryptocurrency market, celebrated for its pioneering role in the digital asset space. As the first cryptocurrency, Bitcoin (BTC) has proven itself as a store of value and a hedge against economic uncertainty. Historically, BTC has exhibited significant volatility, with significant price increases and decreases that have
Ethereum (ETH) continues to be at the forefront of blockchain innovation, known for its smart contract capabilities and decentralized applications. The new cryptocurrency making waves, Mpeppe (MPEPE), leverages Ethereum (ETH)’s robust blockchain to deliver a unique value proposition. By leveraging Ethereum (ETH)’s technology, Mpeppe (MPEPE) provides a secure and scalable platform for its operations. This
Bitcoin (BTC), the leading cryptocurrency and digital asset investment staple, has recently seen a significant price decline. This decline has been exacerbated by geopolitical developments, most notably Iran’s growing influence on the global stage. As investors reassess their positions in light of these changes, Bitcoin’s (BTC) volatility raises questions about its future stability and performance.
New York State’s long-discussed, long-planned public campaign finance program is finally in full effect, but as the November elections approach, it appears the program is still a work in progress. This new $100 million system for matching private political contributions with taxpayer dollars has reportedly benefited 316 candidates running in 213 state legislative races. Its
Bitcoin is facing intense market turmoil as the token recently hit a new crypto price low. BTC is currently trading at $53,000, down from its previous price threshold of $65,000. In turn, the altcoin market has also witnessed a bloodbath in pricing. Leading cryptocurrencies like Ethereum, Cardano, and Solana are all trading in bearish territory,