Samsung Electronics reported a decline in fourth-quarter operating profit compared to the previous quarter, despite posting revenue that exceeded market expectations. The decline was attributed to higher research and development (R&D) expenses in its semiconductor division. Following the earnings announcement, shares of the Korean giant slipped around 2% on Friday.…
The US Securities and Exchange Commission (SEC) has approved a key part of an application for a new exchange-traded fund (ETF) that would track Bitcoin and Ethereum, the two largest cryptocurrencies. Bitwise Asset Management’s Bitcoin and Ethereum ETF aims to provide investors with exposure to both digital assets, weighted by…
Cryptos endured a flash crash early this week as Bitcoin plunged below $98K following DeepSeek’s impulsive popularity. The Chinese AI chatbot dominated trends due to its affordability, threatening demand for United States chips like Nvidia. The news saw the crypto space tumbling, with tokens tied to artificial intelligence suffering the…
From school and college romances with late-night landline calls to relationships blossoming on apps that break the barriers of location and time, dating in India has come a long way. Its evolution has also mirrored changing societal norms and gender dynamics. The trend of using dating apps to meet a…
DeepSeek’s artificial intelligence announcement triggered a sizable sell-off in bitcoin miners this week. One of the hardest hit among them was Core Scientific Inc. In just the last five days, the Core Scientific stock has slumped down around 25%. The stock currently trades at around $12. But the Chinese startup…
The FTSE 100 index has started the year well as it surged to a record high. It moved to a high of £8,645, up by over 75% from its lowest level in 2020 and by 15% in the last 12 months. The next few weeks will be important for the…
The US Commerce Department is investigating DeepSeek, a Chinese artificial intelligence company, over allegations that it may have used advanced AI chips that are prohibited from being exported to China, as per a Reuters report. DeepSeek recently launched an AI assistant that quickly gained traction, becoming the most downloaded app…
Charter Communications’ stock price remains under pressure as the cable industry faces major challenges amid cord-cutting. On Thursday, the CHTR stock closed at $336, down about 60% from its highest level in 2021. This decline has brought its market cap down to about $60 billion as the focus shifts to…
Europe’s economy is struggling. Growth has slowed, businesses are weighed down by regulations, and inflation remains unpredictable. To turn things around, the European Central Bank is easing its monetary policy, while the European Commission is pushing for deregulation and industrial policy changes. The question is whether this will be enough.…
Despite recent market setbacks, Norway’s $1.8 trillion sovereign wealth fund, the world’s largest, remains committed to investing in renewable energy assets and will seek opportunities in both listed and private markets, Reuters reported on Thursday. In 2024, renewable energy assets, including previously favored stocks like Danish offshore wind developer Orsted,…