Jimmy Lai, the billionaire media tycoon and prominent pro-democracy activist, has been sentenced to 20 years in prison in Hong Kong in the most high-profile national security case since Beijing imposed sweeping security laws on the territory. The 78-year-old British citizen was convicted in December on charges of sedition and conspiracy to collude with foreign
The S&P 500 Index and its top ETFs like VOO and SPY staged a strong comeback on Friday as investors bought the dip in technology stocks after big companies revealed their AI spending details. Top American companies like Microsoft, Google, Meta Platforms plan to spend over $660 billion in the AI industry this year, a
Lyft has launched teen ride accounts across the USA, rolling out a feature that allows passengers aged 13 to 17 to book rides independently while giving parents greater oversight. The move comes as Lyft looks to narrow the gap with rival Uber and strengthen its position in a ride-hailing market where safety features are becoming
The so-called whales were busy during Bitcoin’s crash to a 15-month low of $60,000 as the large investors stepped in to buy the dip. The recovery lifted the cryptocurrency by roughly 17% in a matter of days, and the top cryptocurrency was trading at $69,165 during the time of writing. Data shows the rally followed
Applied Materials stock price has rebounded in the past two consecutive days, moving from a low of $288 on February 4 to the current $322. It is approaching the all-time high of $345 as traders watch for the upcoming financial results. Applied Materials stock is benefiting from the AI boom AMAT is a top company
Bitcoin treasury company Strategy (formerly MicroStrategy) has added to its already sizable cryptocurrency holdings, acquiring an additional 1,142 Bitcoin for approximately $90 million, according to a regulatory filing released on Monday. In an 8-K filing with the Securities and Exchange Commission, Strategy said the purchases were made between February 2 and February 8 at an
Novo Nordisk’s Denmark-listed shares climbed more than 7%, while the stock gained close to 6% in US premarket trading after telehealth company Hims & Hers said it would stop offering its newly launched oral obesity pill copycat following regulatory scrutiny. Hims & Hers, by contrast, fell nearly 20% in premarket trading. Additionally, Novo Nordisk also
QuantumScape (NASDAQ: QS) shares are electrified today, surging more than 7% in early trading as the company officially inaugurated its much-anticipated “Eagle Line.” This highly automated pilot production facility in San Jose represents what CEO Dr Siva Sivaram has called the company’s “Kitty Hawk moment” – the point where lab innovation finally translates into a
US equities traded lower on Monday as investors turned cautious ahead of a series of closely watched economic releases and another round of corporate earnings, following a volatile week that ended with the Dow Jones Industrial Average reaching a historic milestone. The Dow Jones Industrial Average fell 128 points, or about 0.2%, in early trading.
The top cryptocurrency news in LATAM this week includes: XDC Network crosses $100 million in tokenized assets in Brazil, Argentina introduces its first public Bitcoin treasury model, and Brazilian investors express increasing interest in “digital gold” in light of the metal’s recent surge. Argentina’s first public Bitcoin Treasury model Argentina’s public Bitcoin treasury represents a