Meta Platforms (META) shares are in the spotlight on July 17th following reports that the tech giant is in preliminary discussions to lease out its computing infrastructure to AI research lab Anthropic. The blockbuster deal rumoured to be worth up to $10 billion arrives at a time when Meta sits firmly above its major moving
AST SpaceMobile (ASTS) shares are taking a hit this morning due to a combination of a massive new debt raise and delays in their commercial satellite launch timeline. The sell-off crashed ASTS relative strength index (RSI) further into the early 30s – indicating the stock is now approaching “oversold” territory that often triggers a relief
Crypto exchange Bitrue has launched an artificial intelligence-powered trading platform that lets users build and activate automated strategies without writing code, as demand for AI-linked markets accelerates among its customers. The product, called Bitrue AI, can generate a personalised strategy in about 10 seconds after a user selects an asset and preferred risk level, according
SpaceX stock (NASDAQ: SPCX) briefly looked unstoppable after the world’s largest initial public offering, but almost all the early excitement has now disappeared. Shares closed Tuesday at $136.08, only $1.08, or 0.8%, above the $135 offering price. The stock has fallen almost 40% from its June 16 intraday peak of $225.64, wiping an estimated $1.2
Bitcoin eased in early Asian trading and held around the mid-$87,000 area as market volatility continued to compress. Bitcoin investor and entrepreneur Anthony Pompliano said the absence of a year-end surge may reduce the risk of a major first-quarter selloff. Other analysts see deeper downside potential into 2026, while broader markets are buoyed by a
The rally in silver prices continued on Tuesday as prices breached the $70-per-ounce mark for the first time ever on robust physical and investment demand. Gold prices also hit a new record high, crossing the $4,500 per ounce mark on Tuesday on a weak dollar and geopolitical uncertainty. Meanwhile, oil prices fell slightly as oversupply
Eve, Embraer’s electric aircraft subsidiary, said on Friday that its full-scale electric “flying car” prototype has completed its first flight, marking a key step in the development of its electric vertical take-off and landing (eVTOL) aircraft. The flight took place at Embraer’s Gavião Peixoto facility in Brazil and formally launched Eve’s flight test campaign. According
Stocks advanced on Monday, recovering from a mixed and volatile stretch on Wall Street that saw investors aggressively rotate out of high-valuation technology names and into more attractively priced parts of the market. Traders also prepared for a wave of delayed US economic reports that are expected to steer sentiment through the week. The Dow
Bitcoin’s price remained stuck in a narrow range as a series of macroeconomic factors kept market activity constrained. The total crypto market cap edged slightly lower, with buying and selling pressure both subdued during a week filled with key macro developments. As of press time, overall market capitalisation hovered just above the $3 trillion mark.
Brazil’s economy entered the fourth quarter with a surprise contraction in October, adding to signs that activity is cooling under tight monetary policy. On Monday, data from the Central Bank revealed that the Economic Activity Index (IBC-Br), a reference indicator for gross domestic product (GDP), decreased 0.2% in October compared to September, in the seasonally