Investors are bailing on Archer Aviation Inc (NYSE: ACHR) this morning after the eVTOL firm reported disappointing financial results for its Q4.ACHR was broadly expected to generate up to $0.2 million in revenue in the fourth quarter.However, the flying robotaxi company not only failed to generate any revenue in the…
BlackRock, the world’s largest asset manager, is incorporating Bitcoin into its $150 billion model-portfolio universe. The firm is adding a 1% to 2% allocation of the iShares Bitcoin Trust ETF (IBIT) to its target allocation portfolios that allow for alternatives, as per a Bloomberg report. While this represents a small…
SoundHound AI Inc (NASDAQ: SOUN) earnings this morning reminded investors that it’s more than just an AI firm that once received a vote of confidence from Nvidia Corp (NASDAQ: NVDA).On Friday, the company based out of Santa Clara, CA said its revenue more than doubled in the fourth quarter, leading…
US stocks grappled with weakness this week after President Donald Trump confirmed tariffs on Canada and Mexico. Trump had proposed a 25% levy on both countries at the start of February.While the allies had secured a one-month delay to discuss and potentially reach a more permanent solution at the time,…
Microsoft has announced the official shutdown date for Skype, the once-revolutionary calling and messaging service that disrupted traditional telecoms. The 21-year-old platform will cease operations on May 5, with Microsoft urging users to transition to its Teams application.Skype, which gained prominence in the 2000s by offering free internet-based voice and…
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Inflation showed a modest decline in January, even as concerns grew over President Donald Trump’s proposed tariffs.The personal consumption expenditures (PCE) price index, which serves as the Federal Reserve’s preferred inflation gauge, rose 0.3% for the month and registered a 2.5% annual increase, according to data released by the Commerce…
Citigroup narrowly avoided what could have been one of the largest banking blunders in history after it mistakenly credited a client’s account with $81 trillion instead of the intended $280. The Financial Times reported that the error was detected only after two employees overlooked it, with a third employee catching…
The demand for precious metals like platinum and palladium is expected to decline if the proposed tariffs by President Donald Trump on US auto imports lead to a decrease in vehicle sales, according to a Reuters report. This potential decrease in demand is due to the fact that automakers would likely…
President Donald Trump’s meeting with Ukrainian President Volodymyr Zelenskyy on Friday quickly turned tense, as the two leaders clashed over the prospects of a US-brokered peace deal with Russia. Zelenskyy cast doubt on the likelihood of a lasting agreement, prompting an angry response from Trump and Vice President JD Vance,…