Year: 2025
There’s a popular tech stock washout Monday as Palantir, Nvidia and Rigetti Computing drop
Dominika Zarzycka | Nurphoto | Getty Images Technology stocks popular with retail investors tumbled Monday as investors took profits on their 2024 winners and dumped the more speculative names in an environment of rising interest rates. Nvidia slumped 2%. Palantir dropped 4%, while quantum computing winner Rigetti Computing plunged about 33%. Last year’s Nasdaq winner […]
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Quantum computing stocks sell-off accelerates as Zuckerberg becomes latest tech CEO to temper sector enthusiasm
Meta CEO Mark Zuckerberg tries on Orion AR glasses at the Meta Connect annual event at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024. Manuel Orbegozo | Reuters Quantum computing stocks sold off Monday after Meta Platforms CEO Mark Zuckerberg cautioned that uses for computers with these capabilities remain years away. “I’m […]
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As TikTok faces potential U.S. ban, China’s RedNote tops Apple app store
U.S., Chinese flags, TikTok logo and gavel are seen in this illustration taken Jan. 8, 2025. Dado Ruvic | Reuters Chinese social media app RedNote has skyrocketed to the top of Apple’s app store, underscoring concerns that TikTok will soon be effectively banned in the U.S. RedNote, or Xiaohongshu as it’s known in China, is […]
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Trump Media shares jump more than 21% ahead of presidential inauguration
Jakub Porzycki | Nurphoto | Getty Images Shares of Trump Media jumped more than 21% in midday trading Monday, ahead of President-elect Donald Trump’s inauguration next week. The stock, which trades under the DJT ticker, is now on pace for its best day since Nov. 18, when shares surged 16.65% following news that the company […]
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Watch live: Biden delivers his final foreign policy speech
[The stream is slated to start at 2 p.m. ET. Please refresh the page if you do not see a player above at that time.] President Joe Biden is delivering an address aimed at highlighting his foreign policy achievements in office. The Democratic president’s speech at the State Department in Washington is billed as a […]
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Instagram head Mosseri says app will prioritize original content, with potential TikTok ban days away
Adam Mosseri, Facebook Beck Diefenbach | Reuters Adam Mosseri, head of Meta’s Instagram, said Monday that the app will focus on prioritizing original and creative content in its algorithmic rankings in 2025. His comments came in a video Mosseri posted outlining Instagram’s priorities for the year, which include improving social connections for users. “Instagram was […]
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Stocks making the biggest moves midday: Nvidia, quantum computing stocks, Moderna and more
Check out the companies making headlines in midday trading: Quantum stocks — Quantum computing stocks dropped after Meta Platforms CEO Mark Zuckerberg became the latest high-profile executive to ease expectations for the technology. Rigetti Computing dropped 27%, while D-Wave Quantum shed 32%. The Defiance Quantum ETF lost 2.5%. Nvidia , chip stocks — Popular semiconductor […]
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Jeff Bezos enables Trump’s threat to democracy, Washington Post columnist Rubin says as she quits
Jeff Bezos, founder and executive chairman of Amazon and owner of the Washington Post, takes the stage during the New York Times annual DealBook summit at Jazz at Lincoln Center on December 04, 2024 in New York City. Michael M. Santiago | Getty Images Amazon founder Jeff Bezos “and his cronies” are enabling “the most […]
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Investor Cliff Asness says bitcoin is a bubble unless uses besides speculation and criminality emerge
Key Points Cliff Asness, co-founder of AQR Capital Management, believes bitcoin is in a speculative bubble after the cryptocurrency’s swift rally carried it above $100,000 following the November presidential election. Asness said there are three uses for crypto that he has identified: speculation, use in war-torn countries and paying cyber ransom. Source
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Eli Lilly CEO expects new weight loss pill to be approved next year
David Ricks, CEO, Eli Lilly Scott Mlyn | CNBC Eli Lilly expects its experimental weight loss pill will get approved as soon as early next year, CEO David Ricks told Bloomberg TV on Monday. The company is set to release key late-stage trial data on the drug, orforglipron, by the middle of this year. Eli […]
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