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Nvidia's (NASDAQ:NVDA) stock soared on Thursday after the chipmaker reported better-than-expected first-quarter earnings, beating analysts’ expectations regarding earnings and revenue. The...
Goldman Sachs strategists said in a note that artificial intelligence (AI) could boost US net profit margins by nearly 400 basis points over a decade, Bloomberg reported on Wednesday. On the other...
Following a disappointing earnings report from Home Depot (NYSE:HD) on Tuesday, which analysts said was widely expected, investors were concerned that Target (NYSE:TGT) would also feel the heat from a...
The US dollar is likely too entrenched to be seriously evicted from GRC status.The de-dollarization threat looms as the Chinese yuan assumes a more active role in international payments and as the...
With $229.1 billion in total assets at the time of closure, First Republic Bank (NYSE:FRC) has become the second-largest bank failure in American history.On Monday, the Federal Deposit Insurance...
The latest trigger for Bitcoin’s rally comes from the First Republic Bank (NYSE:FRC) earnings report and rumors of federal seizure.For a long time, after Bitcoin launched, it was commonplace to...
A new report from crypto research firm K33 Research suggests that Bitcoin could hit the $45,000 mark by May. The report argues that BTC’s current drawdown and recovery cycle is very similar to...
Ether did not face significant selling pressure following its latest blockchain upgrade.Ethereum finalized its transition to the proof-of-stake (PoS) mechanism after completing the...
The total cryptocurrency marketcap surged to $1.2T in 2023.One day before Ethereum’s Shapella upgrade, Bitcoin broke the $30,000 psychological threshold. While the total crypto market cap is 84%...
Bitcoin surged 20% as the interbank borrowing rate climbed to 60bps, the third-highest since the Global Financial Crisis.Bitcoin has passed its first significant liquidity stress event, meaning the...
Entertainment giant Walt Disney Company (NYSE:DIS) is eliminating its metaverse division as part of broader layoffs that will impact as many as 7,000 employees. The announcement follows similar moves...
Bitcoin dominance surged above 47% in March in the wake of the current chaos roiling the global banking system.Bitcoin dominance, the ratio of Bitcoin’s market cap to the overall crypto market,...
Ahead of the next FOMC meeting, here's a recap of what's actually behind the financial uncertainty.On March 22, the Federal Reserve will announce its next interest rate move at the Federal Open Market...
Swiss central bank went to great lengths to cut short a major contagion in the making.Despite a string of multiple bad calls and scandals over the last five years, Credit Suisse (NYSE:CS) was among...
Despite recovering throughout the day, First Republic Bank’s shares reentered a sharp decline after the markets closed.After a pre-market collapse, and multiple trade halts due to volatility,...
Shares of Credit Suisse (NYSE:CS) on the New York Stock Exchange (NYSE) fell over 28% at a fresh all-time low of $1.78 after Saudi National Bank (SNB) said it would stop providing further financial...
After hitting an all-time low of around $0.8774 on Saturday, USD Coin quickly started recovering, surging to above $0.91.The catastrophic collapse of Silicon Valley Bank, one of the largest lenders in...