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
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
A volatile week for precious metals is ending on a slightly positive note, with gold and silver logging small gains. Simmering geopolitical tensions and increasing safe-haven demand boosted gold prices on Friday. Meanwhile, oil prices saw a modest increase on Friday, following reports from Iran’s foreign minister indicating that discussions between Iran and the US
Markets remained on edge through the week, with Big Tech spending fears, central-bank signals, and a sharp crypto rebound colliding in a volatile session. Amazon shares slid on alarm over massive AI capital spending, while India’s central bank stood pat on rates, striking a steady tone on growth. Wall Street also digested Goldman Sachs’ push
The Dow exploded higher on Friday, surging roughly 1,000 points as a targeted rebound in chipmakers eased a bruising week for US markets. After several sessions of sharp tech-led selling, investors stepped back into large-cap semiconductors and cyclical names. The rebound lifted the Dow to one of its strongest single-day advances this year and pushed