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Topic: Crypto (1034)

Meta's Latest Limited Edition Ray-Ban Smart Glasses Are Here - and They're Fancy Δ1.61

These high-end smart glasses have a sleek translucent design, featuring the standard Ray-Ban Wayfarer frames with the Coperni logo in transparent black shade and gray mirror lenses. Meta is only producing 3,600 of these limited-edition glasses, which will be priced at $549. The glasses are available now at the Coperni, Meta, and Ray-Ban websites.

Novo Nordisk Shares Slide on CagriSema News Δ1.63

Novo Nordisk's stock fell over 8% following the release of new data from the Phase 3 trial of its next-generation GLP-1 drug, CagriSema, which showed comparable weight loss results to its existing products, Ozempic and Wegovy. The drug's complex manufacturing process and competition from Eli Lilly's more effective alternatives further complicate its commercial prospects. Analysts express skepticism about CagriSema's potential to significantly impact Novo's profitability or market share in the increasingly competitive obesity treatment landscape.

Top Bluetooth Chip Security Flaw Could Put a Billion Devices at Risk Worldwide Δ1.61

A "hidden feature" was found in a Chinese-made Bluetooth chip that allows malicious actors to run arbitrary commands, unlock additional functionalities, and extract sensitive information from millions of Internet of Things (IoT) devices worldwide. The ESP32 chip's affordability and widespread use have made it a prime target for cyber threats, putting the personal data of billions of users at risk. Cybersecurity researchers Tarlogic discovered the vulnerability, which they claim could be used to obtain confidential information, spy on citizens and companies, and execute more sophisticated attacks.

Raspberry Pi 5 Powers Cyberpunk Themed Brain Scanner Δ1.60

The Civitas Universe has developed a unique brain scanner called the Neuro Photonic R5 Flow Cyberdeck, which utilizes the Raspberry Pi 5 to interpret real-time brain waves for interactive use. This innovative project combines a used Muse 2 headset with a custom cyberpunk-themed housing, allowing users to control the brightness of a light bulb based on their mental focus and relaxation levels. By programming the headset with CircuitPython, the creator showcases the potential of integrating technology and mindfulness practices in an engaging manner.

Tech Sell-Off Gains Momentum as Nasdaq 100 Breaks 200-Day Moving Average Δ1.65

The tech sell-off has accelerated, with top performers like Amazon, Nvidia, and Tesla experiencing significant declines. The Nasdaq 100 (^NDX) has broken its key 200-day moving average for the first time in nearly two years, signaling a shift in investor sentiment towards more defensive sectors. The prolonged uptrend, which spanned 497 days, was marked by a 73% return, but the latest downturn raises concerns about the broader market's resilience.

DoorDash, TKO Group, Williams-Sonoma, and Expand Energy to Join S&P 500 Δ1.65

DoorDash, TKO Group Holdings, Williams-Sonoma, and Expand Energy will be added to the S&P 500 before the opening bell on March 24, replacing Borgwarner, Teleflex, Celanese, and FMC. The decisions were part of S&P Global's quarterly rebalancing of the index, aiming to make the list more representative of the large-cap market space. The inclusion of these companies in the prestigious list is expected to expose them to a wider group of investors and various index funds that track stocks added to the measure.

PC Insiders Weigh In On Tariffs: Expect Pain At The Cash Register Δ1.60

The imposition of tariffs on tech gear imported from China has led to significant price increases for laptops, desktop computers, and other electronics. As Falcon Northwest CEO Kelt Reeves noted, the PC industry is infamous for its low margins, making it difficult for businesses to absorb the 20% increase in costs. The tariffs have already caused a ripple effect, with stock shortages and skyrocketing prices on components.

The Best Defense Stocks to Buy According to Billionaires Δ1.62

The article highlights that defense stocks wobbled after a contentious meeting at the Oval Office and shares fell sharply due to President Trump's hints at cutting defense spending. European defense stocks, however, have rallied this year as governments faced pressures to increase military expenditure. The creation of DOGE is reshaping investors' views of the industry.

Stock Market Plunges Amid Economic Concerns and Trade Tensions Δ1.61

US stocks continued their downward trend, with the Dow Jones Industrial Average falling 0.8%, the S&P 500 dropping 1.3%, and the Nasdaq plummeting nearly 2% as investors digested concerns over the health of the US economy and President Trump's unpredictable trade policy. The market's woes were further exacerbated by worries about a potential recession, with Trump describing the economy as undergoing "a period of transition." As the political uncertainty persists, key economic data releases will be closely watched, including updates on inflation and corporate earnings.

QUALCOMM Incorporated (QCOM) CEO Cristiano Amon Highlights X85 Modem’s AI Edge Over Apple’s C1 Δ1.62

QUALCOMM Incorporated (NASDAQ:QCOM) is poised to capitalize on the growing demand for reliable and scalable power sources in the AI data center sector, thanks to its latest X85 modem's AI edge over competitors like Apple's C1. As AI data centers expand, the need for efficient power solutions becomes increasingly critical, with projections suggesting that AI could significantly impact U.S. power consumption by 2030. To address this growing demand, QUALCOMM Incorporated is focusing on developing innovative technologies that can meet the energy needs of AI-driven data centers.

AI-Powered Insurance Startup Nirvana Seeks to Weather Trucking Industry Storms Δ1.60

Nirvana, an AI-based insurance platform, has raised $80 million in new funding, valuing it at $830 million post-money, as the US trucking industry prepares for potential disruptions due to Trump's economic policies. The startup's platform uses real-time driving telematics and 20 billion miles of truck driving data to build and manage insurance policies for truckers, aiming to help them weather increased costs. With a growing market and high demand for its services, Nirvana is poised to capitalize on the challenges facing the industry.

Nvidia, Tesla Stocks Slip as 'Magnificent 7' Names Lead Markets Lower Δ1.64

The "Magnificent Seven" stocks experienced significant declines on Monday as investors took risk off the table amid concerns about inflation and economic uncertainty. Shares of Nvidia and Tesla dropped more than 2% before the market open, while Alphabet, Amazon, Meta, Apple, and Microsoft saw smaller losses. The tech-heavy Nasdaq Composite entered correction territory last week, and the S&P 500 fell 6% from its record high reached on February 19.

What Is Quantum Computing and How It Could Change the Tech World Δ1.61

Quantum computing is rapidly advancing as major technology companies like Amazon, Google, and Microsoft invest in developing their own quantum chips, promising transformative capabilities beyond classical computing. This new technology holds the potential to perform complex calculations in mere minutes that would take traditional computers thousands of years, opening doors to significant breakthroughs in fields such as material sciences, chemistry, and medicine. As quantum computing evolves, it could redefine computational limits and revolutionize industries by enabling scientists and researchers to tackle previously unattainable problems.

Worried About DeepSeek? Well, Google Gemini Collects Even More of Your Personal Data Δ1.64

Google Gemini stands out as the most data-hungry service, collecting 22 of these data types, including highly sensitive data like precise location, user content, the device's contacts list, browsing history, and more. The analysis also found that 30% of the analyzed chatbots share user data with third parties, potentially leading to targeted advertising or spam calls. DeepSeek, while not the worst offender, collects only 11 unique types of data, including user input like chat history, raising concerns under GDPR rules.

The Goodyear Tire & Rubber Company (GT): A Bull Case Theory Δ1.61

The Goodyear Tire & Rubber Company's share has been trading at $9.79 as of March 7th, with a trailing P/E of 40.79 and forward P/E of 6.61. The company generated nearly $5 billion in revenue in Q4 2024 but delivered under $500 million in EBITDA and only $72 million in GAAP net income. Despite efficiency issues and management's skeptical views on its ability to drive long-term value, the company's financial stability provides support for a potential turnaround.

Dell Technologies Inc. (DELL): A Bull Case Theory Δ1.61

Dell Technologies Inc. (DELL)'s share was trading at $91.46 as of March 7th, presenting an undervalued opportunity in the current market turbulence. The company has demonstrated solid fundamentals despite facing macroeconomic headwinds and a sell-off driven by economic uncertainty and shifting investor sentiment. DELL delivered a strong fiscal 2025 performance, meeting expectations with 8% revenue growth and a solid 15% operating margin.

Stock Market Today: Dow, S&P 500, Nasdaq Futures Sink After S&P's Worst Week Since September Δ1.64

US stock futures are continuing their downward trend, reflecting investor anxiety about the US economy amidst ongoing trade policy uncertainties. The major indexes, including the Dow, S&P 500, and Nasdaq, have seen significant declines, with futures indicating further losses as inflation reports loom. As President Trump addresses recession concerns, the market grapples with the implications of rising tariffs and shifting economic indicators.

Pitney Bowes Inc. (PBI): A Bull Case Theory Δ1.63

Pitney Bowes Inc. (PBI) has defied market trends, rallying on its February earnings announcement, driven by the benefits of activist involvement and an ambitious roadmap projecting nearly $500 million in EBITDA for 2025. Despite risks stemming from integration with the U.S. Postal Service and potential regulatory changes, management's confidence is reflected in a $150 million share repurchase program signaling undervaluation. The company's improving financials and potential for significant upside make PBI a compelling yet cautious investment.

New Fortress Energy Inc. (NFE): A Bull Case Theory Δ1.62

A bullish thesis on New Fortress Energy Inc. (NFE) emphasizes the company's strong growth potential, driven by increased production and strategic contracts in Puerto Rico, despite facing initial operational delays. The firm reported $331 million in EBITDA for the quarter, largely due to opportunistic cargo sales and the successful launch of FLNG1, which is already exceeding its capacity. NFE's recent restructuring of incentive payments and focus on securing long-term contracts positions it favorably to capitalize on the growing demand for natural gas in Puerto Rico.

Nulo Is Number One in 2024 Pet Food Industry Sales Growth Δ1.65

Nulo has emerged as the leader in the pet food industry for 2024, demonstrating notable sales and unit volume growth thanks to its strategic marketing campaign, "Fuel Incredible," which featured Olympic athletes as endorsers. The brand reported a 2.1% increase in sales volume, reaching $261.8 million, alongside a significant 13.4% rise in unit volume, in a market where only two other brands showed year-over-year growth. This achievement highlights Nulo's effective marketing and product innovation amidst a generally soft pet food market.

Households Near New Pylons to Get Hundreds Off Energy Bills Δ1.60

The UK government plans to offer households living near new or upgraded pylons discounts of up to £2,500 over ten years to alleviate opposition to essential energy infrastructure projects. This initiative, part of the upcoming Planning and Infrastructure Bill, aims to expedite the development of clean energy sources while providing financial benefits to affected communities. Critics argue that monetary compensation cannot adequately address the aesthetic and environmental impacts of such developments, suggesting alternative investments in local amenities may be more beneficial.

5 Things to Know Before the Stock Market Opens Δ1.65

U.S. stock futures are indicating a downward trend following a volatile trading week, influenced by President Donald Trump's comments about potential economic recession and ongoing tariff policies. Meanwhile, Oracle's shares are dipping ahead of its anticipated earnings report, while Redfin's stock has surged due to its acquisition by Rocket Companies for $1.75 billion. Investors are also keeping an eye on the fluctuating yields of Treasury notes and the mixed performance of commodity futures, indicating a complex market environment.

Hottest Trade in Bonds Gets Boost From German Spending Plan Δ1.62

The German government's plan to invest hundreds of billions of euros in defense and infrastructure is boosting a popular trade in bond market, known as a curve steepener, where investors bet that securities maturing in the more distant future will underperform shorter-term notes. The gap between two- and 10-year German yields has widened to its most in two years, with investors expecting higher government spending to result in increased bond issuance, faster growth, and possible inflation. This trade is gaining momentum as investors anticipate that Germany's parliament will pass the spending plan, despite a challenge from the Green party.

SciSparc-Clearmind Collaboration Leads to Publication of Patent Application for Cocaine Addiction Ps Δ1.64

The collaboration between SciSparc Ltd. and Clearmind Medicine Inc. has led to the publication of a patent application for a combination treatment using MEAI and PEA for treating cocaine addiction, based on preclinical trial results demonstrating significant reduction in cocaine-induced craving without impairing natural rewards. The study suggests that MEAI's effect on drug craving is specifically targeted at drug-related compulsions rather than the general reward system. This latest publication adds to multiple patent applications filed as part of their ongoing collaboration.

Crypto Slump Deepens as Macro Headwinds Offset Trump Push Δ1.71

Cryptocurrency prices have continued their downward trend due to escalating tariff war tensions and diminishing prospects of further Federal Reserve rate cuts, outweighing the pro-crypto announcements from President Donald Trump last week. The uncertainty surrounding these economic factors has led to a decrease in investor confidence, with Bitcoin falling as much as 3.7% early on Monday. Despite recent developments that have given investors a more bullish outlook, macroeconomic headwinds are still dominating the crypto market.

HSBC Downgrades US Stocks, Turns Bullish on European Equities Δ1.60

HSBC has downgraded its outlook on U.S. equities to "neutral" amid uncertainty surrounding the Trump administration's trade policies, while upgrading its rating on European stocks to "overweight". The brokerage believes a proposed $1.2 trillion European fiscal package and China's emergence as a tech leader are shifting investor capital away from the United States. The S&P 500 has pulled back 6.1% since its record high in February, with worries about trade war impacts on corporate profits and growth.

New Meme Coin Cocoro Launched By Dogecoin's IP Rights Holder Δ1.74

Cocoro (COCORO), the new meme coin launched by Own the DOGE, the group behind the original Doge meme's intellectual property, has made its debut on Base, the Ethereum layer-2 network developed by Coinbase. The coin's market cap surged past $80 million after its launch, but dropped to around $46 million with a token price near $0.046. COCORO's tokenomics feature 75% of the supply locked into liquidity pools, 20% distributed via airdrops to DOG and NEIRO holders.

Singapore Exchange to Roll Out Open-Ended Bitcoin Futures Listing Δ1.72

The Singapore Exchange plans to list bitcoin perpetual futures in the second half of 2025, targeting institutional clients and professional investors, in a move that could significantly expand market access for this asset class. The firm's offering is expected to bring retail customers into the picture, potentially creating a new level of volatility in the markets. However, no specific details have been provided on how the exchange intends to ensure regulatory compliance with existing laws and regulations.

EU Lawmakers Voice Doubts About Digital Euro After ECB Outage Δ1.63

European lawmakers are voicing fresh doubt about the European Central Bank’s ability to deliver its digital euro project following an outage in the ECB’s existing payment system. The breakdown in Target 2 (T2) caused delays for thousands of households and traders, raising concerns about the ECB's credibility. A successful digital euro would require restoring citizens' trust, with lawmakers emphasizing the need for improved systems and secure financial infrastructure.

Global Market Declines Amid Tariff Concerns and Economic Uncertainty Δ1.65

US stock index futures fell on Monday as worries persisted that tit-for-tat tariffs could affect the world's largest economy, while electric-vehicle maker Tesla declined following a bearish brokerage forecast. The decline in US-listed shares of Chinese companies also fell due to weak economic data, leading to a drop in crypto stocks. Companies such as Airbnb climbed on bullish brokerage ratings, providing some relief. Futures were down for the Dow, S&P 500, and Nasdaq.

U.S. Stock Market Woes Persist as Trump's Tariffs Loom Δ1.63

U.S. stock index futures fell on Monday as worries persisted that the Trump administration's tariff policies could affect the world's largest economy, while EV maker Tesla declined following a bearish brokerage forecast. The benchmark S&P 500 logged its biggest weekly drop since September on Friday and the tech-heavy Nasdaq fell more than 10% from its December record high on Thursday. Investors will be watching closely for data on inflation, job openings and consumer confidence later in the week.

Futures Decline as Tariff Concerns Persist; Tesla Falls Δ1.64

U.S. stock index futures have dropped amid ongoing fears that escalating tariffs may negatively impact the economy, with Tesla's stock declining following a bearish forecast from UBS. Major tech companies, including Nvidia, Meta, and Amazon, also experienced declines as investors shifted towards safer assets like Treasury bonds. The volatility in the market is exacerbated by uncertainty surrounding President Trump's trade policies, which have raised recession fears among economists.

Aspen Pharmacare Holdings' (JSE:APN) Soft Earnings Are Actually Better Than They Appear Δ1.62

Aspen Pharmacare Holdings Limited's ( JSE:APN ) stock was strong despite it releasing a soft earnings report last week. Our analysis suggests that investors may have noticed some promising signs beyond the statutory profit figures. The company's unusual items, which reduced its statutory profit by R1.9b, may not be repeated in the future, potentially leading to an improvement in its profit.

Nomura Sees Low Risk of S&P 500 Crash as Investors Cut Exposure Δ1.61

The odds of a wider market meltdown are decreasing as the S&P 500 Index's controlled decline reduces investor exposure, according to Nomura Securities cross-asset strategist Charlie McElligott. The latest choppiness in markets has been accompanied by "appropriate mechanical de-allocation, deleveraging and rebalancing trades that remove accelerant flows which then contribute to crash conditions," McElligott wrote in a note. With most assets under management remaining focused on tech leadership, the strategist expects volatility to decline in the coming weeks if an idiosyncratic shock is absent.

Gold Steadies as Firm Dollar Offsets Safe-Haven Demand Δ1.63

Gold steadied on Monday as a stronger U.S. dollar countered safe-haven demand amid trade war concerns, while investors looked to inflation data this week for clues on the Federal Reserve's next interest rate decision. Spot gold was at $2,913.09 an ounce at 0946 GMT, while U.S. gold futures firmed 0.2% to $2,920.10. The dollar index held above last week's four-month low, making gold more expensive for holders of other currencies.

X Platform Outage Appears to Ease, Downdetector Shows Δ1.62

An outage on Elon Musk's social media platform X appeared to ease after thousands of users in the U.S. and the UK reported glitches on Monday, according to outage-tracking website Downdetector.com. The number of reports in the U.S. dropped to 403 as of 6:24 a.m. ET from more than 21,000 incidents earlier, user-submitted data on Downdetector showed. Reports in the UK also decreased significantly, with around 200 incidents reported compared to 10,800 earlier.

HEDGE FLOW Hedge Funds Cut China Stocks for Fourth Week as DeepSeek Optimism Fades Δ1.64

Global hedge funds have reversed course, selling China equities for a fourth straight week as renewed enthusiasm for Chinese tech stocks ignited by low-cost artificial intelligence startup DeepSeek began to fade. The sell-off is attributed to decelerating trade growth and worsening deflationary pressures reflected in latest data. Hedge funds' net allocation to Chinese equities remains relatively light, ranking in the 37th percentile over the past five years.

Hedge Funds Cut China Stocks for Fourth Week as DeepSeek Optimism Fades Δ1.64

Global hedge funds have continued to sell China equities for a fourth straight week as renewed enthusiasm for Chinese tech stocks ignited by low-cost artificial intelligence startup DeepSeek began to fade. Hedge funds have reversed course since mid-February, cutting long positions and adding short bets, according to Goldman Sachs prime brokerage. The investment bank estimates that hedge fund positions on China remain relatively light, with net allocation ranking in the 37th percentile over the past five years.

Rupee Slumps on Strong Demand to Buy Dollars at Daily Fix, Weak Yuan Δ1.61

The Indian rupee weakened on Monday due to strong demand to buy dollars at the daily reference rate and a decline in the Chinese yuan amid worries about its economy and global trade war. The rupee declined 0.4% to 87.26 against the U.S. dollar as of 9:45 a.m. IST, with the reference rate quoting at a 1/1.20 paisa premium. The dollar index ticked up to 103.8, recovering from a four-month low hit last week.

Best Money Market Account Rates Today: March 10, 2025 (Earn Up to 4.51% APY) Δ1.63

Money market account interest rates have risen significantly, with some accounts offering returns as high as 4.51% APY, providing a compelling option for savers seeking liquidity and growth. Despite a recent downward trend following the Federal Reserve's rate cuts, many online banks and credit unions continue to offer competitive rates, making it essential for consumers to shop around for the best options. As interest rates have fluctuated in response to economic conditions, understanding the nuances of money market accounts, including fees and minimum balance requirements, remains crucial for maximizing savings.

DOGE Dividend: 4 Things You Should Do First If You Get Your $5,000 Payout Δ1.63

If you were lucky enough to receive a DOGE dividend payout of $5,000 from President Trump's Department of Government Efficiency (DOGE), consider prioritizing building an emergency fund to alleviate financial stress. A significant portion of Americans struggle with limited emergency funds, and the $5,000 check can help accelerate reaching this goal, especially for those who have little in savings. Applying a majority of the payout towards high-interest credit card debt can also be a wise move, as it can save you thousands of dollars in interest and accelerate achieving debt freedom.

What Is DeepSeek AI? Is It Safe? Here's Everything You Need to Know Δ1.60

Chinese AI startup DeepSeek is rapidly gaining attention for its open-source models, particularly R1, which competes favorably with established players like OpenAI. Despite its innovative capabilities and lower pricing structure, DeepSeek is facing scrutiny over security and privacy concerns, including undisclosed data practices and potential government oversight due to its origins. The juxtaposition of its technological advancements against safety and ethical challenges raises significant questions about the future of AI in the context of national security and user privacy.

DeepSeek Represents the Next Wave in the AI Race Δ1.62

DeepSeek has emerged as a significant player in the ongoing AI revolution, positioning itself as an open-source chatbot that competes with established entities like OpenAI. While its efficiency and lower operational costs promise to democratize AI, concerns around data privacy and potential biases in its training data raise critical questions for users and developers alike. As the technology landscape evolves, organizations must balance the rapid adoption of AI tools with the imperative for robust data governance and ethical considerations.

Oil Steady as Tariff Uncertainty Keeps Investors on Edge Δ1.61

Oil prices held steady on Monday as concern over the impact of U.S. tariff uncertainty and rising output from OPEC+ producers pressured prices while potential sanctions on Iranian oil exports provided some support. WTI and Brent benchmarks register multiple weekly declines, with Brent falling for a third consecutive week, while U.S. West Texas Intermediate crude was at $67.14, also up 10 cents. Investors view uncertainty over U.S. tariffs as negative, but possible sanctions against Iran and Russia could provide support in the short term.

Trump Says US Talking to Four Different Groups on Sale of TikTok Δ1.60

The U.S. government is engaged in negotiations with multiple parties regarding the potential sale of Chinese-owned social media platform TikTok, with all interested groups considered viable options. Trump's administration has been working to determine the best course of action for the platform, which has become a focal point in national security and regulatory debates. The fate of TikTok remains uncertain, with various stakeholders weighing the pros and cons of its sale or continued operation.

FTSE 100 LIVE: Stocks Head Lower as Traders Ramp Up Bets on Trump Recession Δ1.62

The FTSE 100 (^FTSE) and European stocks moved lower on Monday morning as traders and economists remained cautious about Donald Trump's tariffs on major trading partners and slashing the size of the Federal government, which may hurt growth. The American president said that the world's largest economy faces "a period of transition", echoing words used by Treasury Secretary Scott Bessent on Friday. Bond traders are now increasing their bets on a US recession as the trade war deepens.

Investors Flock to BSX as Medical Device Company Hits New Highs Δ1.61

Boston Scientific has nearly doubled the S&P 500's performance over the past five years, driven by its solid quarterly results and beaten expectations. The company's momentum is backed by a decade of organic revenue growth averaging 14.4% year-on-year, indicating its ability to expand quickly without relying on expensive acquisitions. Boston Scientific's expanding margins also provide optionality for long-term growth.

TSMC’s Sales Quicken in First Two Months, Upbeat Note for AI Δ1.63

TSMC's revenue climbed 39% in the first two months, outpacing previous growth and indicating resilient demand for Nvidia chips powering AI development. The company's robust performance signals a strong tailwind for the AI sector, with analysts projecting further growth of around 41% this quarter. As the manufacturer of most AI chips worldwide, TSMC's sales are closely watched by Wall Street and Silicon Valley.

The S&P 500's Downside Risk Looms as Growth Concerns Mount Δ1.61

US stocks are at risk of slumping another 5% on worries about the hit to corporate earnings from tariffs and lower fiscal spending, according to Morgan Stanley’s Michael Wilson. The strategist expects the S&P 500 (^GSPC) to hit a low of about 5,500 points in the first half of the year, before recovering to 6,500 by end-2025. His year-end target implies a rally of 13% from current levels.

Chinas Deflation Crisis Deepens as Retailers Try to Lure Customers with Discounts Period Δ1.64

China's deflationary economy is intensifying, with the country's consumer price index falling to -0.7% in February, sparking concerns about its impact on growth. As a result, retailers are becoming increasingly desperate to attract customers, with some stores offering flash sales four times a day, including the Wankelai store in Beijing, which sells clothing, snacks, and basic household products. The strategy is driven by consumers who are grappling with uncertainty about jobs and incomes, leading them to seek value-for-money purchases.