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News
On the Chain: Bitcoin holds near US$77,000 as crypto braces for Fed rate hike
7+ hour, 35+ min ago (662+ words) Bitcoin is holding around US$77,000 as cryptocurrency markets head into a potentially decisive week, with traders increasingly convinced the US Federal Reserve will raise interest rates on Wednesday. The world's largest cryptocurrency was trading at roughly US$77,000-US$77,200 on Monday…...
AI giants hit the brakes as frontier models trigger new safety fears
7+ hour, 47+ min ago (637+ words) Some of the biggest names in artificial intelligence are calling for the industry to slow the development of its most powerful models, marking a striking change in tone after years of relentless competition to push AI capabilities higher. Anthropic chief…...
Riversgold clears key haul-road hurdle at Northern Zone Gold Project | ASX:RGL, OTC:RVSGF
9+ hour, 11+ min ago (421+ words) Riversgold Limited (Riversgold Ltd (ASX:RGL, OTC:RVSGF)) has cleared a major hurdle at its Northern Zone Gold Project near Kalgoorlie after reaching an agreement to remove the remaining objections to two haul-road licences, paving the way for the applications…...
Market movers: Apple, Macy's, Designer Brands, 1-800 Flowers...
3+ day, 14+ hour ago (336+ words) American Eagle Outfitters Inc. (NYSE:AEO) shares fell nearly 16% Thursday after mixed second-quarter results, with revenue modestly above consensus even as reported earnings got a significant boost from tariff refunds. Consolidated sales rose 8% to $1.38 billion, with comparable sales up 6%, led…...
Dow closes lower as Wall Street falls for fourth straight day
3+ day, 12+ hour ago (829+ words) Wall Street closed lower for a fourth straight session on Thursday as investors digested fresh wholesale inflation data and continued to grapple with rising bond yields and oil prices above $100 a barrel. The Dow Jones Industrial Average fell 317 points, or…...
Dow falls as Treasury yields jump to highest level since 2023
3+ day, 17+ hour ago (564+ words) As the conflict with Iran drags on longer than many expected, LPL's Jeffrey Roach said that inflation pressures are becoming increasingly entrenched, leaving investors in search of a catalyst strong enough to change the inflation narrative. "At this rate, a…...
1-800-Flowers.com posts wider fourth-quarter loss, issues weak profit forecast for fiscal 2027
3+ day, 17+ hour ago (194+ words) 1-800-Flowers.com (NASDAQ:FLWS) reported a bigger-than-expected loss for its fiscal fourth quarter and issued a downbeat profit forecast for fiscal 2027, sending shares down 9.3%. Revenue for the quarter came in at $293.1 million, missing estimates of $294 million and marking a 12.9% decline…...
Nasdaq futures drop as inflation meets expectations
3+ day, 19+ hour ago (217+ words) US producer prices rose 0.4% in August, in line with expectations, while the annual PPI rate accelerated to 5.4%, slightly above forecasts of 5.3%. Core PPI increased 0.2% on the month, below the 0.3% forecast, while the annual core rate matched expectations at 4.6%. Meanwhile, initial…...
HIVE Digital Technologies adds senior VP of revenue as daily revenue tops $1M | TSX:HIVE, NASDAQ:HIVE, BVC:HIVECO
3+ day, 20+ hour ago (271+ words) HIVE Digital Technologies Ltd (TSX:HIVE, NASDAQ:HIVE, FRA:YO0, BVC:HIVECO) has appointed Mark Volk as senior vice president, revenue at its subsidiary BUZZ High Performance Computing, as the company said combined revenue from hashrate services and GPU cloud services…...
Deutsche Bank expects European consumer staples to underperform as structural pressures mount
4+ day, 19+ hour ago (255+ words) European consumer staples stocks are trading at 18-year lows relative to the broader market, yet Deutsche Bank expects the sector to continue to underperform as consumer spending fails to keep pace with nominal economic growth. Analyst Tom Sykes said the…...