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News
Fineqia's Matteo Greco: Investors 'stopped waiting' as crypto ETPs jump 27% in August | CSE:FNQ
3+ day, 19+ hour ago (197+ words) Greco said crypto ETP assets under management jumped 27% in August, outperforming the wider crypto market's 21% rise, driven by both rising prices and renewed inflows, with particularly strong US demand late in the month. "The main change was that with this…...
Fineqia's Matteo Greco: Investors 'stopped waiting' as crypto ETPs jump 27% in August
3+ day, 19+ hour ago (197+ words) Greco said crypto ETP assets under management jumped 27% in August, outperforming the wider crypto market's 21% rise, driven by both rising prices and renewed inflows, with particularly strong US demand late in the month. "The main change was that with this…...
Dow closes sharply lower as oil surge fuels inflation fears | NYSE:NVS
5+ day, 12+ hour ago (661+ words) US stocks closed sharply lower on Tuesday as surging oil prices revived inflation worries and pushed investors to reassess the outlook for interest rates. The Dow Jones Industrial Average led the selloff, dropping 628 points, or 1.2%, to 52,786. The S&P 500 fell…...
Dow slides as oil nears $100, US-Canada trade tensions escalate
5+ day, 18+ hour ago (253+ words) The Dow Jones led Wall Street lower at the open on Tuesday as rising oil prices and an escalating US-Canada trade dispute added to inflation concerns at the start of the holiday-shortened week. The Dow fell 588 points, or 1.1%, to 52,826, while…...
Dow climbs as oil, inflation concerns keep Wall Street on edge
1+ week, 4+ day ago (420+ words) Wall Street was mixed Wednesday morning as investors weighed escalating US-Iran tensions, elevated oil prices and fresh signs of weakness in the US labor market. The Dow Jones Industrial Average rose 283 points, or 0.5%, to 53,050, while the S&P 500 added 14 points,…...
Retail inflation's return hands grocers an unlikely lift
1+ week, 5+ day ago (349+ words) A renewed rise in shop prices would normally spell trouble for shoppers, but Shore Capital, the broker, reads August's pick-up as a welcome positive for Britain's supermarket shares. The monthly BRC-NIQ Shop Price Index, an industry measure of prices across…...
Market movers: GoPro, Apple, Hims & Hers, Rezolve AI...
1+ week, 5+ day ago (378+ words) Dell Technologies Inc (NASDAQ:DELL) shares jumped 10% in after-hours trading Wednesday after the company posted second-quarter results that blew past Wall Street estimates and raised its full-year outlook, fueled by surging demand for AI-optimized servers. The company reported fiscal second-quarter…...
UBS says a new 'physical AI' era favours the makers of robot parts, not the robots themselves
1+ week, 5+ day ago (305+ words) Robots are learning to handle the physical world in a fundamentally new way, and investors should look at the companies supplying their parts, according to a note from UBS, the Swiss bank. The note, from the bank's wealth management chief…...
OpenAI's ChatGPT ad business hits $1 billion run rate in six months
1+ week, 6+ day ago (167+ words) OpenAI (Unlisted:OPAI) said its ChatGPT Ads business has reached a $1 billion annualized revenue run rate just six months after launch, as it works to showcase a diversified revenue base ahead of an expected initial public offering. The advertising unit,…...
Week ahead: Wall Street heads into September with jobs, AI and Tesla in focus
1+ week, 6+ day ago (405+ words) Wall Street heads into September with investors facing a busy week of economic data, technology earnings and a closely watched Tesla event, with Friday’s August jobs report likely to be the biggest market catalyst. The employment report is expected to…...