Month: May 2025
Bitcoin jumps to new all-time high, surpassing prior record in January
Jonathan Raa | Nurphoto | Getty Images Bitcoin rose to a new all-time high on Wednesday, breaking its January record. The price of the flagship cryptocurrency was last higher by 2% at $108,955.10, according to Coin Metrics. Earlier, it rose as high as $109,500. “Bitcoin’s new high has been concocted by an array of favorable […]
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Jensen Huang says U.S. chip restrictions have cut Nvidia’s China market share nearly in half
Nvidia CEO Jensen Huang said overnight that U.S. chip export controls are a “failure” and warned that the restrictions are doing more damage to American business than to China. Huang said in a press conference at Computex, an artificial intelligence exhibition in Taiwan, that the policies have cut the AI chip leader’s China market share […]
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Why Etihad Airways thinks it can weather the storm of Boeing delays
ABU DHABI, United Arab Emirates — Abu Dhabi’s Etihad Airways says it can navigate the turbulence surrounding Boeing ‘s delivery delays, even as it doubles down on a major wide-body order and a multibillion-dollar fleet overhaul. Speaking on CNBC’s “Access Middle East” on Wednesday, Etihad CEO Antonoaldo Neves said the airline is taking a more […]
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Canada Goose shares soar 20% as company beats estimates, pulls full-year guidance
Canada Goose jackets for sale inside a Nordstrom store in Toronto, Ontario, Canada, on Tuesday, March 21, 2023. Nordstrom will close its six Canadian department store locations and seven Nordstrom Rack shops, as CEO Erik Nordstrom said the company no longer sees a realistic path to profitability in the country, The Canadian Press reports. Photographer: […]
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A ‘fundamental regime shift’ could be underway as investors rethink U.S. assets, ECB says
Luis de Guindos, vice president of the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, Jan. 30, 2025. Alex Kraus/Bloomberg via Getty Images The European Central Bank on Wednesday said a “fundamental regime change” could be underway in financial markets as investors appear to be reassessing how risky […]
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Sergey Brin points to where Google Glasses failed — and what Android XR gets right
Google DeepMind Demis Hassabis and Google co-founder Sergey Brin sat for an interview at Google I/O. Jennifer Elias Google on Tuesday announced that it’s getting back into the smart glasses game, and co-founder Sergey Brin said that this time will be different. “I’ve learned a lot,” Brin said Tuesday at a fireside chat during the […]
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Democratic Rep. Gerry Connolly of Virginia dies after battling cancer
Congressman Gerry Connolly (D-VA) questions witnesses during a House Committee on Oversight and Government Reform hearing titled “A Hearing with Sanctuary City Mayors” in Washington, DC on March 5, 2025. Anadolu | Anadolu | Getty Images Democratic Rep. Gerry Connolly of Virginia has died at the age of 75 after a battle with esophageal cancer, […]
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Burger King targets families through movie partnerships in latest stage of turnaround
Burger King’s “How to Train Your Dragon” menu items include the Dragon Flame-Grilled Whopper, Fiery Dragon Mozzarella Fries, Soaring Strawberry Lemonade and the Viking’s Chocolate Sundae. Source: Burger King As Burger King enters the next phase of its turnaround efforts, the fast-food chain is trying to lure families back to its restaurants with colored Whopper […]
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Stocks making the biggest moves premarket: Target, Palo Alto Networks, Lowe’s, UnitedHealth and more
Check out the companies making headlines before the bell. Palo Alto Networks — Shares of the cybersecurity company dipped 3.7% after Palo Alto Network’s gross margin for the fiscal third quarter came out below estimates . The company still beat on earnings and revenue expectations, however. UnitedHealth — Shares dropped more than 6% after HSBC […]
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Lowe’s sticks by full-year forecast as sales from home professionals boost business
Lowe’s on Wednesday stood by its full-year forecast, as growing sales among home professionals helped offset slower demand from do-it-yourself customers. The home improvement retailer came in just shy of Wall Street’s expectations for quarterly sales, but beat earnings estimates. Shares of Lowe’s rose nearly 3% in premarket trading Wednesday. In the company’s news release, […]
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