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Bitcoin, Ethereum fall sharply as crypto sell-off resumes
Bitcoin and Ethereum fell on Monday, as the recent sell-off in cryptocurrencies resumed. Bitcoin tumbled sharply and was last seen around $86,553 at 8:18 a.m. in London on Monday, a slide of about 5.3%. Ethereum dropped around 6.4% in early trade, to reach $2,836. Solana had fallen over 7%, and was last seen around $127, […]
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CNBC Daily Open: AI firms are getting money while their stocks are losing value
Several AI applications can be seen on a smartphone screen, including ChatGPT, Claude, Gemini, Perplexity, Microsoft Copilot, Meta AI, Grok and DeepSeek. Philip Dulian | Picture Alliance | Getty Images Money keeps flowing into artificial intelligence companies but out of AI stocks. In what looks like — once again — a scenario of the left […]
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CNBC Daily Open: The flow of money in AI appears one-way at this point
The Anthropic website on Friday, Aug. 22, 2025. Gabby Jones | Bloomberg | Getty Images Money keeps flowing into artificial intelligence companies but out of AI stocks. In what looks like — once again — a scenario of the left hand scratching the right, Microsoft and Nvidia will be investing a combined $15 billion into […]
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CNBC Daily Open: Even a Supreme Court ruling might not spell the end of tariffs
The US Supreme Court in Washington, DC, US, on Monday, Oct. 6, 2025. Graeme Sloan | Bloomberg | Getty Images The U.S. Supreme Court on Wednesday heard a case on the Trump administration’s “reciprocal” tariffs, and both liberal and conservative judges appeared skeptical of the legal basis of those tariffs. Following the hearing, traders on […]
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CNBC Daily Open: Have Trump’s strikes on Iran bolstered or eroded his credibility?
U.S. and Israeli flags projected on the historic walls of the Old City near Hebron Gate in Jerusalem, Israel, on June 22, 2025. Gazi Samad | Anadolu | Getty Images United States on Saturday conducted air strikes on three of Iran’s nuclear sites, entering Israel’s war against Tehran. The timing was unexpected. On Thursday, U.S. […]
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Trump’s Truth Social takes step toward launching bitcoin ETF with NYSE Arca filing
Anna Barclay | Getty Images President Donald Trump’s Truth Social platform moved a step closer to having a bitcoin exchange-traded fund available to everyday investors. NYSE Arca, the all-electronic arm of the New York Stock Exchange that handles most ETF trading, filed on Tuesday to list a bitcoin fund linked to the president’s media company, […]
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David Sacks sold $200 million in crypto-related holdings before taking White House job, ethics memo says
U.S. President Donald Trump sits next to Crypto czar David Sacks at the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025. Evelyn Hockstein | Reuters David Sacks, the Trump administration’s AI and crypto czar, sold over $200 million worth of digital asset-related investments personally and through his firm, […]
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Fintech stocks plummet as Wall Street worries about consumer spending, credit
People wait in line for T-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an initial public offering earlier in the day on July 29, 2021 in New York City. Spencer Platt | Getty Images It was a bad day for tech stocks, and a […]
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Trump’s first White House Crypto Summit has VIPs pushing for favorable laws
Brian Armstrong, CEO of Coinbase, slammed the U.S. Securities and Exchange Commission. He also said the cryptocurrency exchange is looking to invest more outside of the U.S. Carlos Jasso | Bloomberg | Getty Images Now that President Trump has announced plans for a Strategic Bitcoin Reserve, crypto industry leaders can focus on what else they […]
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Pro-Trump techies enraged by president’s crypto reserve announcement, causing early rift
David Sacks, U.S. President Donald Trump’s “AI and Crypto Czar”, speaks to President Trump as he signs a series of executive orders in the Oval Office of the White House on Jan. 23, 2025 in Washington, DC. Anna Moneymaker | Getty Images The Trump-tech alliance is showing its first real sign of distress. And it’s […]
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