Canaan reported a $88.7 million net loss for Q1, citing lower Bitcoin prices and Middle East conflict impacts on energy costs. Canaan Inc. reported a first-quarter net loss of $88.7 million, widening from an $85 million loss in the prior quarter, as revenue fell 68% to $62
Finance Minister Katayama signals readiness for currency action while BOJ acknowledges rising long-term rates and Middle East impact on prices. Japan’s Finance Minister Mira Katayama stated the government is prepared to take decisive action on foreign exchange markets amid
General Motors agrees to a $12.75 million penalty for illegally selling driver data, resolving a case that could have exposed broader risks. General Motors will pay $12.75 million to settle allegations it illegally sold driver data to brokers between 2020 and 2024. The set
Oil prices rise for a fourth day as geopolitical tensions ease slightly but supply concerns persist amid US-Iran standoff. West Texas Intermediate (WTI) crude trades at $103.20, up 1.16% on Tuesday, extending a four-day rally. The gain follows President Trump’s decision to
Wintermute Launches Armitage to Offer Vaults for “Hard-to-Custody” Collateral Wintermute, one of crypto’s leading market makers, has launched Armitage, a DeFi vault curation platform aimed at institutional onchain yield. Armitage lets curators design non-custodial vaults b
Apple's (AAPL) newly instituted Chief Hardware Officer Johny Srouji is implementing a major shakeup in an effort to improve and accelerate device development, Bloomberg reported. The changes are set to come this month, the news outlet added, citing people with Newsletters
The iShares Semiconductor ETF allocates nearly half its portfolio to Nvidia, AMD, Broadcom, Micron, and Intel as AI infrastructure spending surges. The iShares Semiconductor ETF (SOXX) has concentrated 40% of its holdings in five major chipmakers—Nvidia, AMD, Broadcom, Mic
AI-focused ETFs outperform the S&P 500 as hyperscalers boost investments in data centers and software solutions. The Global X Artificial Intelligence & Technology ETF has surged 19% year-to-date and 28% since April, outpacing the S&P 500’s 12% gain over the same period. Th
Rising 30-year Treasury yields above 5.18% signal structural inflation concerns, pressuring equities ahead of Kevin Warsh's Fed chair confirmation. The Dow Jones Industrial Average retreated from the 50K mark Tuesday, erasing gains from last week’s record run as Treasury y
Analysts cite cost inflation and valuation concerns after AU stock surged 110% in the past year. ABSA Securities downgraded AngloGold Ashanti (AU) to Underweight with a $100.82 price target, signaling caution after the stock climbed 110% over the past year. The move reflec
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