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Topic: Crypto (946)

Tesla's AI and Robotics Efforts Get Top Pick Status From Morgan Stanley, Boosting Shares. Δ1.61

Tesla shares rose 2% on Monday after Morgan Stanley reinstated the electric-vehicle maker as its top U.S. auto pick, saying the company's artificial intelligence and robotics efforts could power growth even as the mainstay car business stumbles. The note dated Sunday was the latest from analyst Adam Jonas, a longtime Tesla bull who has praised the company's push beyond autos as sales face pressure from high U.S. borrowing costs and fierce Chinese competition. Industry data showed Tesla sales fell 45% in Europe in January while overall EV sales jumped 37% in the region.

Dogecoin, Shiba Inu, and Cardano Experience Extreme Volatility Following Trump's Comments on U.S. Strategic Crypto Reserve Δ1.75

The recent comments from President Donald Trump about a potential U.S. strategic crypto reserve have sent shockwaves through the cryptocurrency market, with meme tokens Dogecoin and Shiba Inu experiencing significant price swings in response to the news. Meanwhile, Cardano has seen its price surge by over 51% in the last 24 hours, leading to extreme volatility in the sector. The lack of clarity on which cryptocurrencies will be included in the reserve has left investors uncertain about the potential impact of a U.S. strategic crypto reserve.

Intel's Divisions in Spotlight as TSMC, Broadcom Circle Δ1.63

Intel is under scrutiny as its rival chipmakers, Taiwan Semiconductor Manufacturing Co and Broadcom, explore potential deals that could split the American chip giant. Intel's three main segments - products division, foundry, and others - are being examined by these companies, which design their own chips or offer custom chipmaking services to external customers. The divisions face challenges from fierce competition and shifting spending priorities in the cloud industry.

Intel's Divisions in Spotlight as TSMC, Broadcom Circle. Δ1.61

Intel is facing potential deals from its biggest rivals Taiwan Semiconductor Manufacturing Co and Broadcom that could split the company into separate divisions. Intel has three main segments: PRODUCTS DIVISION, which designs chips and faces fierce competition; INTEL FOUNDRY, a manufacturing business that offers custom chip-making services to both products and external customers; and ALL OTHER, which includes standalone businesses such as Altera and Mobileye Global.

Shipping Giant Sees Uncertainty Ahead Despite Record Year Δ1.60

CMA CGM, the world's third-largest liner operator, reported a strong financial performance in 2024, with revenue and earnings improving due to geopolitical stresses such as Red Sea diversions and tariff fears. The company's full-year revenue reached $55.5 billion, up 18% year-over-year, while its net income grew by 2.07%. CMA CGM's logistics business also performed well, driven by strategic investments made in recent years.

Tariffs Imposed on Canada and Mexico Signal End of Negotiations Δ1.61

US stocks plummeted on Monday afternoon as selling accelerated after President Trump indicated there was "no room left" for tariff negotiations with Canada and Mexico, with levies against both countries set to go into effect tomorrow. The S&P 500 fell more than 2% while the tech-heavy Nasdaq Composite dropped 3%. The Dow Jones Industrial Average fell 1.8%, as the major US indexes came off a volatile week and a losing February. Investors are bracing for tariffs, the monthly jobs report, and key retail earnings.

US Stocks Plummet Amid Trump's Tariff Threats Δ1.63

US stocks plummeted on Monday afternoon, with selling accelerating in the last hour of trading after President Trump indicated there was "no room left" for tariff negotiations with Canada and Mexico. The S&P 500 (^GSPC) fell 1.7%, posting its worst day of 2025, while the tech-heavy Nasdaq Composite (^IXIC) dropped 2.6%. Tech led the sell-off, with shares of Nvidia (NVDA) tanking more than 8%.

US SEC Drops Lawsuit Against Cryptocurrency Exchange Kraken Δ1.67

Kraken, one of the world's largest cryptocurrency exchanges, has secured a dismissal of a civil lawsuit accusing it of operating illegally as an unregistered securities exchange. The US Securities and Exchange Commission had filed the case in November 2023, alleging that Kraken had turned a "blind eye" to securities laws since 2018. However, after a turning point was reached with new leadership at the White House and the SEC, the commission agreed in principle to dismiss the lawsuit.

US Stocks Plummet Amid Trump-Announced Tariffs Δ1.60

US stocks plummeted on Monday afternoon, with selling accelerating in the last hour of trading after President Trump indicated there was "no room left" for tariff negotiations with Canada and Mexico. The S&P 500 (^GSPC) fell 1.7%, posting its worst day of 2025, while the tech-heavy Nasdaq Composite (^IXIC) dropped 2.6%. The Dow Jones Industrial Average (^DJI) fell nearly 650 points, or almost 1.5%.

US Export Controls Fail to Stop Nvidia Chips From Reaching China Δ1.61

Buyers in approved countries like Taiwan and Malaysia are buying Nvidia Blackwell chips and selling a portion of them to Chinese companies, highlighting the challenges of upholding export controls on semiconductor chips made in the US. The loopholes in the system allow for anonymous traders to acquire and resell these resources to companies in China, bypassing the restrictions imposed by the US government. Despite efforts to restrict exports, Nvidia claims that unauthorized diversion of its products is being investigated and addressed.

US Businesses Are Falling Behind When It Comes To Digital Transformation. Δ1.61

US businesses are currently trailing behind the global average in digital transformation maturity, with many organizations still in the early stages of this crucial shift. Significant barriers such as inadequate tools, insufficient employee training, and security vulnerabilities hinder progress, with a majority of companies relying on manual processes rather than automation. The financial implications are stark, as underutilized technology could lead to an estimated $104 million in losses in 2024, highlighting the urgent need for effective digital adoption strategies.

Intel Shares Climb as Nvidia, Broadcom Test Advanced Chip Process Δ1.62

Intel's shares saw a significant increase of approximately 5.7% following reports that Nvidia and Broadcom are assessing its 18A manufacturing process for potential large-scale contracts. This evaluation could lead to substantial financial agreements, potentially worth hundreds of millions of dollars, which would provide a much-needed boost to Intel's contract manufacturing operations. Despite previous testing by Broadcom falling short, the renewed interest from major players in the semiconductor industry indicates a strategic pivot for Intel as it positions itself as a competitor to Taiwan Semiconductor Manufacturing.

Government Backs Billions In Contracts For Elon Musk Businesses Δ1.62

A recent Washington Post analysis found that Elon Musk's companies have received at least $38 billion in government contracts, loans, subsidies, and tax credits over the past two decades. While Musk has often pushed for cutting government spending, his businesses have benefited enormously from taxpayer money. Nearly two-thirds of the funds Musk's businesses received came in just the last five years.

Eutelsat Secures European Space Connectivity Lead as Investors Bet on Oneweb Δ1.60

Eutelsat has reaffirmed its commitment to boosting Europe's autonomy in space-based connectivity, following a nearly 50% surge in its shares amid growing investor interest in its OneWeb satellites. The company's strategy to supply internet access to war-torn Ukraine and other regions has gained significant traction, driven by concerns over Starlink's sales momentum in Europe. As the European satellite operator gains ground on rival providers like SpaceX, Eutelsat is poised to capitalize on the growing demand for reliable space-based connectivity solutions.

NYT Connections Hints and Answers for Tuesday, March 4 (Game #632). Δ1.61

The New York Times has provided hints and answers for its Connections puzzle, which challenges players to categorize words into specific groups. Today's puzzle features a range of words, with hints suggesting potential categories including descriptors for skin and characters from Dickens novels. As players engage with the puzzle, they navigate through clues and answers, reflecting on their strategies and experiences.

Quordle Puzzles Are Stumping Even Experts. Δ1.60

The Quordle puzzle continues to challenge players with its increasingly difficult word sequences, as seen in yesterday's game #1134, where answers FRILL, KAYAK, REBAR, and WORDY were presented. The daily puzzle is now pushing solvers to their limits, with the recent game #1135 featuring an unusual combination of letters, including Z and J. As experts struggle to crack the code, it raises questions about the complexity of modern word games.

Palantir's Government Contracts Boost Amid Pentagon Cuts Δ1.62

Palantir has announced a significant contract win with the U.S. government, marking a major victory for the company in a period of reduced defense spending. The recent selloff in Palantir stock was misguided due to the company's "unique software value proposition," according to analysts, who predict that initiatives by Elon Musk's Department of Government Efficiency will actually boost demand for Palantir's services. With many existing contracts at high priority and not at risk of getting cut, Palantir stands to gain from the Trump administration's focus on AI.

Trump Relieves Crypto Slump with New Promises About US Reserve Δ1.73

Donald Trump was able to reverse the first slump in digital assets since he took office with some new promises about a US strategic reserve of cryptocurrencies. The president said Sunday in a social media post on Truth Social that such a reserve would include bitcoin, ether, XRP, solana, and cardano. He had not previously spelled out which digital assets would be included.

Jim Cramer Discusses Market Selloffs and Palantir Technologies Δ1.61

Jim Cramer expressed his frustration over deliberate late-day market selloffs, suggesting they are orchestrated attempts to drive stock prices down artificially. He highlighted that such maneuvers coincide with the cessation of company buybacks, implying a tactical advantage for those wanting to lower market valuations. Cramer also touched on the underperformance of major tech stocks, indicating that market dynamics are being influenced by broader trading strategies and institutional behaviors.

Distilling AI Models Costs Less, Raises Revenue Questions Δ1.62

Developers can access AI model capabilities at a fraction of the price thanks to distillation, allowing app developers to run AI models quickly on devices such as laptops and smartphones. The technique uses a "teacher" LLM to train smaller AI systems, with companies like OpenAI and IBM Research adopting the method to create cheaper models. However, experts note that distilled models have limitations in terms of capability.

Palantir Gains Premarket as Wedbush Sees Government Contract Momentum Δ1.62

Palantir Technologies is gaining momentum after analysts at Wedbush Securities reiterated its Outperform rating, citing potential gains in government contracts and IT budget allocations. The company's expertise in artificial intelligence-driven technologies has aligned well with the efficiency-driven projects of the U.S. Department of Defense. Palantir's involvement in high-priority military programs less likely to be subject to budget cuts positions the business to grab a bigger portion of IT contracts.

Why Tesla Stock Still Has a Fan in Cathie Wood Δ1.60

Tesla bull Cathie Wood is sticking with the electric vehicle maker after a rough February. The big valuation unlock, in her view, is Tesla releasing robotaxis across the country. Tesla shares are down 27% year to date and are the worst-performing component of the "Magnificent Seven" stocks — which also include Apple (AAPL), Amazon (AMZN), Nvidia (NVDA), Google (GOOG), Microsoft (MSFT), and Meta (META).

Skype's Encryption Legacy Lives On as It Shuts Down Δ1.62

In 2003, Skype pioneered end-to-end encryption in the internet phone-calling app space, offering users unprecedented privacy. The company's early emphasis on secure communication helped to fuel global adoption and sparked anger among law enforcement agencies worldwide. Today, the legacy of Skype's encryption can be seen in the widespread use of similar technologies by popular messaging apps like iMessage, Signal, and WhatsApp.

Top 10 Things to Watch in the Stock Market Monday Including Bitcoin and Tesla Δ1.72

Stocks are poised for a higher open Monday, building off Friday's rally as investors watch for President Donald Trump's tariffs on Mexican and Canadian imports set to go into effect tomorrow. The announcement is receiving some pushback for not solely being a bitcoin fund, with analysts praising the inclusion of XRP and ether in the strategic crypto reserve. Shares of Tesla added around 3% this morning following Morgan Stanley's upgrade of the stock to top pick in U.S. autos.

Ramp Secures $13 Billion Valuation in Deal Allowing Employees and Investors to Sell Shares Δ1.64

The recent deal allowing some employees and early investors to cash out shares values Ramp at $13 billion, marking a significant increase from its peak valuation of $8.1 billion in 2022. The financing round, which included Khosla Ventures, Thrive Capital, and General Catalyst, demonstrates renewed investor appetite for high-growth startups despite higher interest rates. By selling shares, employees and investors can reduce their need to raise new capital, potentially alleviating pressure on companies to go public.

Speculators Mount Record Bet on Rising Japanese Yen, Eyeing Further Rate Hikes Δ1.63

Speculators have mounted their biggest ever wager that the Japanese yen will continue to rise as they position for further Bank of Japan interest rate hikes, an abrupt reversal from huge bets against the currency last year. The yen has strengthened by 4% this year as stronger inflation data has pointed to more rate hikes, calling into question the once hugely popular yen carry trade. Growing expectations that the Bank of Japan will keep hiking interest rates have been boosted by stronger-than-expected inflation data and comments from BOJ officials.

Rising Japanese Yen Sees Record Bet From Speculators Δ1.61

Speculators have mounted their biggest ever wager that the Japanese yen will continue to rise as they position for further Bank of Japan interest rate hikes, an abrupt reversal from huge bets against the currency last year. The yen has strengthened by 4% this year as stronger inflation data has pointed to more rate hikes, calling into question the once hugely popular yen carry trade. Growing expectations that the BOJ will keep hiking interest rates have been boosted by stronger-than-expected inflation data and comments from BOJ officials.

Ukraine International Bonds Tumble After Trump-Zelenskiy Clash Δ1.61

Ukraine's international bonds tumbled to their lowest level in more than a month on Monday after the clash between Ukrainian President Volodymyr Zelenskiy and U.S. President Donald Trump last week doused hopes of Kyiv securing Washington's backing. The 2036 maturity saw the biggest decline, down 4.5 cents to be bid at 60.775 cents to the dollar, its lowest in a month, Tradeweb data showed. Bonds where the size of future payments was linked to economic performance suffered the sharpest declines, and trading has been very active, according to one trader.

The Music Industry Is Making Big Deals on MUSIC CATALOGS. Δ1.61

Reservoir Media, a music publisher, record label, and management company, has been at the forefront of these investments, with a deal recently worth $100 million for hip-hop and electronic label Tommy Boy. The company's approach to licensing and managing intellectual property (IP) has allowed it to profit from songs being played on streaming platforms, with its market cap standing at around $510 million. As music lovers continue to support their favorite artists through streaming services, the value of music catalogs is becoming increasingly apparent.

Jolla Unveils Private AI Assistant to Disrupt Cloud Giants Δ1.61

Jolla, a privacy-centric AI business, has unveiled an AI assistant designed to provide a fully private alternative to data-mining cloud giants. The AI assistant integrates with apps and provides users with a conversational power tool that can surface information but also perform actions on the user's behalf. The AI assistant software is part of a broader vision for decentralized AI operating system development.

Here Are Monday's Biggest Analyst Calls: Apple, Nvidia, Tesla, Chipotle, Deere, Wingstop, Anheuser-Busch Δ1.65

Analysts have issued significant ratings on several high-profile companies, including Apple, Nvidia, and Tesla, reflecting both optimism and caution in the technology and consumer sectors. Notably, Apple received a bullish outlook as demand for its products remains strong, while Nvidia's stock is buoyed by its dominance in AI technology. In contrast, Chipotle and Wingstop face mixed sentiments from analysts due to concerns over pricing strategies and competition in the fast-casual dining market.

Stocks Making the Biggest Moves Pre-Market: Tesla, Southwest Airlines, Coinbase, Capri and More Δ1.65

Tesla's stock price is surging after a strong earnings report, with some analysts predicting that the company's electric vehicle sales will continue to drive growth. The company's focus on sustainable energy solutions has also been credited with its success in navigating the challenges of the rapidly changing automotive industry. As a result, investors are optimistic about Tesla's prospects for long-term growth.

US Government Cuts Key Software Division without Warning. Δ1.61

The US government's General Services Administration department has dissolved its 18F unit, a software and procurement group responsible for building crucial login services like Login.gov. This move follows an ongoing campaign by Elon Musk's Department of Government Efficiency to slash government spending. The effects of the cuts will be felt across various departments, as 18F collaborated with many agencies on IT projects.

CrowdStrike Earnings: What To Look For From CRWD Δ1.61

CrowdStrike is set to announce its earnings results, with analysts expecting a year-on-year revenue growth of 22.3% to $1.03 billion. The company's recent performance has been mixed, having beaten revenue expectations last quarter, yet it has missed Wall Street estimates three times in the past two years. As the cybersecurity sector grapples with varying results, CrowdStrike's performance will be closely watched to gauge its position in a competitive market.

Washington Drops $500 Billion Demand As Ukraine Minerals Pact Takes Shape Δ1.61

A resources deal between Washington and Kyiv is nearing completion, though differences remain in how each side portrays the arrangement. President Donald Trump struck an upbeat tone Wednesday, claiming victory with a finalized agreement. “We’ve been able to make a deal where we’re going to get our money back and a lot of money in the future,” he told reporters. Ukraine President Volodymyr Zelenskyy‘s assessment proved far more measured. At a Kyiv press conference, he described the potential pact as a “big success” while explicitly rejecting any notion of debt repayment.

Tesla Reinstated as Top Pick; Analysts Predict 50% Upside Potential Δ1.61

Morgan Stanley has designated Tesla as its top automotive pick, projecting a price target of $430 that suggests a potential upside of over 50% for investors. The firm emphasizes Tesla's transition from traditional vehicle manufacturing to a broader focus on artificial intelligence and robotics, highlighting the substantial market growth opportunities in these sectors. Analysts believe that Tesla's innovations, particularly in humanoid robotics and energy solutions, position the company for significant long-term success despite projected declines in its Chinese market share.

Cloudsmith Raises $23M to Improve Software Supply Chain Security Δ1.65

Cloudsmith has successfully raised $23 million in a Series B financing round led by TCV, aiming to enhance security within the software supply chain, where 81% of codebases reportedly contain critical vulnerabilities. The Belfast-based startup offers a cloud-native artifact management platform that provides a secure registry for software packages, ensuring developers have reliable access to necessary components while scanning for vulnerabilities and other issues. With plans to expand its workforce and invest in new AI applications, Cloudsmith is positioning itself as a leader in addressing the complex challenges of software supply chain security.

Intel Stock Jumps as Nvidia and Broadcom Test Advanced 18A Process Δ1.61

Intel's shares surged more than 6% ahead of the opening bell on Monday following news that technology industry leaders Nvidia and Broadcom have started testing Intel's 18A process manufacturing capabilities. Technical evaluations indicate a future expansion of major production orders to potentially bring vital revenue to Intel's foundry business, which has been struggling. The tests are seen as an initial demonstration of faith in Intel's next-generation production technologies among competing companies.

Bitcoin Jumps Nearly $14,000 in Three Days on Trump's Crypto Reserve Announcement Δ1.71

Bitcoin's value surged nearly $14,000 in three days after President Donald Trump teased new details about a strategic bitcoin reserve, sparking hope among investors that the U.S. administration will adopt crypto-friendly policies. The announcement of the reserve, which includes multiple cryptocurrencies beyond bitcoin, led to a rally in cryptocurrency prices, with some smaller coins experiencing double-digit gains. Investors are now waiting for further details on the reserve plans, which may determine how long the price increase will last.

Private API Keys and Passwords Found in AI Training Dataset - Nearly 12,000 Details Leaked Δ1.62

Truffle Security found thousands of pieces of private info in Common Crawl dataset.Common Crawl is a nonprofit organization that provides a freely accessible archive of web data, collected through large-scale web crawling. The researchers notified the vendors and helped fix the problemCybersecurity researchers have uncovered thousands of login credentials and other secrets in the Common Crawl dataset, compromising the security of various popular services like AWS, MailChimp, and WalkScore.

XPANCEO Unveils Smart Contact Lens Prototypes for Future Vision Health. Δ1.60

XPANCEO has introduced three innovative smart contact lens prototypes at MWC 2025, showcasing advancements in remote power transfer, biosensing capabilities, and glaucoma management. Each prototype aims to integrate cutting-edge technology, potentially transforming how vision health is monitored and managed through non-invasive methods. While these prototypes are still years away from commercial production, they represent a significant leap toward a future where everyday items can enhance health monitoring.

Stock Market Today: Dow, S&P 500, Nasdaq Sink as Nvidia Plummets 7%, Trump Tariffs Stalk Markets Δ1.65

US stock indices faced declines as Nvidia shares dropped 7%, raising concerns amid impending tariffs from President Trump. The S&P 500 fell 1% and the Nasdaq dropped 1.5%, reflecting investor anxiety over economic growth forecasts and ongoing supply chain issues. Market participants are particularly focused on upcoming jobs reports and retail earnings, which could provide insights into consumer resilience in the face of economic uncertainty.

Risky Trades: Leveraged and Inverse ETFs Bet Big on Hot Tech Stocks Δ1.66

Leveraged and inverse Exchange-Traded Funds (ETFs) have become a significant share of the market, with many investors and day-traders taking large bets on hot tech stocks like Nvidia, Tesla, and Palantir. These ETFs offer explosive upside but equally big losses, making it essential for investors to understand the risks involved. The trend began with Wall Street firms offering double- and triple-leveraged and inverse sector and index ETFs, allowing investors to trade the market in the short term around news events.

4 Great Free Movies With Over 85% on Rotten Tomatoes to Stream on Tubi, Pluto TV, Plex and More. Δ1.63

This week’s selection of free films highlights a variety of gripping genres, including sci-fi thrillers and true crime, all available on platforms like Tubi, Pluto TV, and Plex. Notable titles include David Fincher's "Zodiac," which explores the obsessive hunt for the Zodiac Killer, and Rian Johnson's "Looper," a time-travel narrative that combines heart with action. The curated list emphasizes the diversity of storytelling and the artistic merit found in lesser-known films, proving that engaging cinema doesn't always come with a price tag.

Intel Stocks Leap On Report Tied To Nvidia And Broadcom Δ1.61

Intel stock has added more than $20 billion in market value over the past month. Intel shares powered higher in early Monday trading following reports that both Nvidia and Broadcom are looking to test the chipmaker's advanced AI production techniques in what could be an early and important endorsement of its nascent turnaround plans. Intel's plan to separate its foundry division from its chip-design unit appears to have won the support of President Donald Trump, whose administration is reportedly working to bring Taiwan Semiconductor Manufacturing Co TSMC into a joint venture that would keep IFS based in the United States.

EU Leaders Prepare ‘Concrete’ Measures on Defense Financing Δ1.61

The European Union is expected to announce "concrete" measures on boosting defense financing this week, as Europe and the U.S. clash over support for Ukraine. The 27 EU leaders will gather in Brussels on Thursday for a meeting dedicated to defense and support for Ukraine, amid rising tensions between Russia and Ukraine. European leaders are trying not to alienate President Donald Trump after he criticized Ukrainian President Zelenskyy for "gambling" over a potential World War III.

Passing the iPhone King: Nvidia, Microsoft, Alphabet Ready to Take Over Δ1.61

Nvidia (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) are set to surpass Apple's valuation in five years due to their growth projections. The trio has consistently posted double-digit growth, with Microsoft's projected 13% revenue increase in FY 2025 and Alphabet's 11% in the same period. If these growth rates continue, Nvidia, Microsoft, and Alphabet will outperform Apple in terms of profit production by 2029.

Big Food's Growth Slows as Shoppers Flock to Smaller Brands Δ1.60

Shoppers are increasingly turning to smaller food brands, seeking more affordable and less processed options, which is threatening the growth of billion-dollar products from conglomerates such as Unilever. As a result, companies like Unilever and Procter & Gamble (P&G) are facing declining profits due to reduced sales volume. The shift in consumer behavior is driven by growing demand for healthier and more sustainable food options.

Reddit Co-Founder Alexis Ohanian Joins Frank McCourt’s Bid for TikTok Δ1.60

Alexis Ohanian has joined Frank McCourt's bid to acquire TikTok's U.S. operations as a strategic adviser, promoting the "People's Bid" project that aims to give users data control and run the app on technology that lets users control how their data will be used and shared. The former Reddit co-founder brings his broad portfolio of experience in social media and tech companies to the project, which McCourt believes has sophisticated technology at its core but requires validation and socialization. Ohanian's involvement underscores the importance of data control and user-centric approaches in the development of social media platforms.

Best Money Market Account Rates Today: March 3, 2025 (Earn Up to 4.51% APY) Δ1.63

Money market account (MMA) interest rates have reached levels above historical averages, offering consumers attractive options for saving. While the rates have seen fluctuations due to Federal Reserve actions, many online banks and credit unions now provide competitive rates of 4% to 4.51% APY. It is essential for consumers to consider factors such as minimum balance requirements and fees while selecting the right MMA for their financial goals.