Month: October 2024
XRP slides 9% after SEC appeals decision in landmark Ripple case
In this photo illustration, a visual representation of the digital Cryptocurrency Ripple is displayed on January 30, 2018 in Paris, France. Chesnot | Getty Images The price of the XRP token tumbled Thursday, a day after the Securities and Exchange Commission filed to appeal a 2023 court ruling that determined XRP is not considered a […]
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OpenAI gets $4 billion revolving credit line, giving it more than $10 billion in liquidity
OpenAI has a $4 billion revolving line of credit, bringing its total liquidity to more than $10 billion, CNBC has learned. It follows news on Wednesday that OpenAI closed its recent funding round at a valuation of $157 billion, including the $6.6 billion the company raised from an extensive roster of investment firms and big […]
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Nvidia CEO Jensen Huang says demand for next-generation Blackwell AI chip is ‘insane’
Nvidia CEO Jensen Huang said in an interview with CNBC’s “Closing Bell Overtime” that demand for the company’s next-generation artificial intelligence chip Blackwell is “insane.” “Everybody wants to have the most and everybody wants to be first,” Huang said during the interview, which aired on Wednesday. Shares of Nvidia were up about 3% on Thursday […]
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Melania Trump backs abortion rights: ‘No room for compromise’ on women’s freedom
Outgoing First Lady Melania Trump listens as her husband Outgoing US President Donald Trump addresses guests at Joint Base Andrews in Maryland on January 20, 2021. Alex Edelman | Afp | Getty Images Republican former first lady Melania Trump on Thursday appeared to express strong support for abortion rights, potentially exposing a stark division with […]
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Sterling plunges more than 1% against the dollar, euro after Bank of England governor’s comments on rates
Andrew Bailey, Governor of the Bank of England, gestures as he addresses the media during a press conference at the Bank of England in London on Aug. 1, 2024. Alberto Pezzali | Via Reuters LONDON — The British pound tumbled more than 1% against the U.S. dollar and euro on Thursday after Bank of England […]
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QVC to add USA Pickleball to its home shopping experience
Thomas Wilson prepares to hit a shot from Ross Whittaker and Christopher Haworth during the first round of the Pro Mens Doubles at the 2023 BioFreeze USA Pickleball National Championships held at the Brookhaven Country Club on November 8, 2023 in Dallas, Texas. Bruce Yeung | Getty Images Sport | Getty Images QVC, the owner […]
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Digital bank Revolut slams Meta over approach to scams, says tech giant should compensate victims
Key Points A day after Meta announced a partnership with U.K. banks NatWest and Metro Bank on a data-sharing framework to help them prevent customers from falling prey to fraud schemes, Revolut said that the tech company was not doing enough. The fintech firm said that Meta and other social media platforms should do their […]
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Stocks making the biggest moves premarket: Nvidia, Levi Strauss, EVgo and more
Check out the companies making headlines before the bell. Wolfspeed – The semiconductor stock fell nearly 5% following a downgrade to underperform from neutral at Mizuho. The firm sees pricing for silicon carbide – a semiconductor material used in electric vehicles – being down about 10% to 20% year-over-year in 2025. Mizuho also cited lower […]
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Oil market faces a rude awakening if Iran’s energy infrastructure is targeted, analysts say
A general view of Isfahan Refinery, one of the largest refineries in Iran and is considered as the first refinery in the country in terms of diversity of petroleum products in Isfahan, Iran on November 08, 2023. Anadolu | Anadolu | Getty Images Oil markets are being too complacent given the risk of major supply disruptions in the Middle East, […]
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Tesla to recall over 27,000 Cybertruck vehicles over rear-view image delay
New Tesla Cybertruck vehicles parked at a logistics drop zone in Seattle, Washington, US, on Thursday, Aug. 22, 2024. M. Scott Brauer | Bloomberg | Getty Images Tesla said on Thursday it would recall most Cybertrucks in the U.S. due to delayed rear-view camera images that could impair driver visibility and increase crash risks, adding […]
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