Apple, Inc (NASDAQ:AAPL) briefly dipped below Thursday’s low on Friday following remarks by Federal Reserve chair Jerome Powell at the Jackson Hole Symposium, suggesting the central bank hasn’t ruled out further interest rate adjustments. During this trading activity, Apple exhibited the potential for a doji candlestick formation, hinting at the possibility of a higher low….
Alibaba Unveils Advanced AI Model for Image Understanding and Conversations Alibaba Group Holding Limited has introduced a cutting-edge artificial intelligence model that goes beyond its previous products in understanding images and engaging in complex conversations. The company is stepping up its game with two new open-source models, Qwen-VL and Qwen-VL-Chat, which are poised to challenge…
Nvidia Corp.’s (NASDAQ:NVDA) impressive second-quarter earnings release was met with a cautious market response, influenced by the anticipation of Federal Reserve Chair Jerome Powell’s imminent speech at the Jackson Hole event. Despite an intraday surge of 6.5%, Nvidia’s shares settled with a modest 0.10% gain, closing at $471.63. Key Takeaways from Q2: Nvidia’s…
In a twist that has reverberated through stock market and mining circles, the Drug Enforcement Administration (DEA) recently encountered an unexpected setback, leading to the loss of over $50,000 worth of cryptocurrency. This incident unfolded amidst a thorough three-year investigation into the potential use of virtual currency for laundering suspected drug proceeds. The…
In a recent X post by Robert Kiyosaki, the prominent entrepreneur, businessman, and author acclaimed for his groundbreaking book “Rich Dad, Poor Dad,” has ignited fervent discussions within the investment sphere with a daring proclamation concerning precious metals. Kiyosaki’s Insightful Perspective: Drawing attention to silver, Kiyosaki declared, “BIB: Biggest Investment Bargain.” He shed light…
Workday Inc (NASDAQ:WDAY) has unveiled impressive financial results for Q2 FY24, showcasing a remarkable revenue growth of 16.3% year-over-year, reaching a substantial $1.79 billion. This achievement has outperformed the consensus forecast of $1.77 billion. A significant highlight includes the remarkable growth in subscription revenues, which surged by 18.8% year-over-year to an impressive $1.62…
(Reuters) – Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they take action to comply with sanctions over the Ukraine conflict and respond to threats from the Kremlin that foreign-owned assets may be seized. Below are some of the companies by sector that have secured…
SHANGHAI (Reuters) -China’s central bank has stepped up efforts to support the yuan currency this week in the wake of renewed downside pressure amid Beijing’s underwhelming measures to stabilise a faltering economy and widening yield differentials with the United States. The People’s Bank of China (PBOC) has asked some domestic banks to scale back their…
By Jonathan Stempel (Reuters) -Whirlpool agreed to pay an $11.5 million civil fine to resolve U.S. Consumer Product Safety Commission charges that it failed to immediately report that its glass cooktops could turn on by themselves, posing burn and fire hazards. Thursday’s settlement covers 17 models of electric radiant heat cooktops under the JennAir, KitchenAid…
(Reuters) – Russian mercenary chief Yevgeny Prigozhin was believed dead after a private jet on which he was listed as a passenger crashed north of Moscow with no survivors. Prigozhin, 62, spearheaded a mutiny against Russia’s top army brass on June 23-24, which President Vladimir Putin said could have tipped Russia into civil war. Others…
