Day: August 24, 2025
Ether rises to a fresh record, bitcoin erases gains from Jackson Hole rally
Jakub Porzycki | NurPhoto | Getty Images Ether rose to a new record over the weekend, after hitting an all-time high Friday for the first time since 2021. The price of the second largest cryptocurrency rose as high as $4,954.81 on Sunday afternoon. It was last higher by less than 1% at $4,776.46. Meanwhile, bitcoin […]
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Stock futures are little changed after Dow’s record close, as traders await Nvidia earnings: Live updates
A trader reacts on the floor at the New York Stock Exchange in New York City, U.S., August 22, 2025. Brendan McDermid | Reuters U.S. equity futures were flat on Sunday night after the Dow Jones Industrial Average catapulted to new intraday and closing records and as investors looked ahead to Nvidia earnings. Futures tied […]
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Solar executives warn that Trump attack on renewables will lead to power crunch that spikes electricity prices
Witthaya Prasongsin | Moment | Getty Images President Donald Trump’s attack on solar and wind projects threatens to raise energy prices for consumers and undermine a stretched electric grid that’s already straining to meet rapidly growing demand, renewable energy executives warn. Trump has long said wind power turbines are unattractive and endanger birds, and that […]
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Putin and Zelenskyy have ‘no meeting planned,’ Russian official Lavrov says
Russia’s Foreign Minister Sergey Lavrov speaks during a joint press conference with Iranian Foreign Minister Abbas Araghchi in Tehran, Iran, February 25, 2025. Majid Asgaripour | Via Reuters Russian foreign minister Sergey Lavrov threw cold water on the possibility of an imminent meeting taking place between President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy, saying that no […]
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How the U.S. space industry became dependent on SpaceX
SpaceX is valued at around $400 billion and is critical for U.S. space access, but it wasn’t always the powerhouse that it is today. Elon Musk founded SpaceX in 2002. Using money that he made from the sale of PayPal, Musk and his new company developed their first rocket, the Falcon 1, to challenge existing […]
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Eli Lilly’s obesity pill remains a viable rival to Novo’s oral Wegovy despite data that underwhelmed investors
A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024. Scott Olson | Getty Images Eli Lilly‘s stock is still recovering after the drugmaker released trial data earlier this month on its closely watched obesity pill that underwhelmed Wall Street. In a key late-stage trial, […]
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Vietnam plans mass evacuation, China’s Sanya shuts as Typhoon Kajiki intensifies
Citizens ride on the road amid heavy rain as Typhoon Kajiki approaches on August 24, 2025 in Qionghai, Hainan Province of China. Vcg | Visual China Group | Getty Images Vietnam plans to evacuate more than half a million people and has ordered boats to stay ashore, while the southern Chinese city of Sanya closed […]
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BOJ’s Ueda expects tightening job market to push up wages
Kazuo Ueda, governor of the Bank of Japan (BOJ), speaks during a conference hosted by the bank’s Institute for Monetary and Economic Studies in Tokyo, Japan, on Tuesday, May 27, 2025. Kiyoshi Ota | Bloomberg | Getty Images Bank of Japan Governor Kazuo Ueda said wage hikes are spreading beyond large firms and likely to […]
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Spotify flags price rises as it introduces new services, FT reports
A screen displays the logo of Spotify on the floor at the New York Stock Exchange on Dec. 4, 2023. Brendan Mcdermid | Reuters Spotify will raise prices as it invests in new features and targets 1 billion users, the Financial Times reported on Sunday citing the music streaming provider’s Co-President and Chief Business Officer […]
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