Ripple CEO, Brad Garlinghouse, voices his opinion at the Ripple Swell event in Dubai, accusing the SEC of losing sight of their mission to protect investors. A U.S. judge’s recent ruling deemed XRP was not a security, marking a pivotal victory for Ripple. The company continues to pursue the next steps in the case, hoping …
Stocks with significant movements during midday trading include Wynn Resorts, whose stock dropped 7.3% due to EBDITAR focus, Diageo, whose shares slid 13.7% after the company made forecasts of a challenging environment, and Illumina, whose stock dropped 13.6% due to a decrease in adjusted earnings guidance. Analysts reported unsteadiness in the market due to concerns …
U.S. chipmaking giant Nvidia has reportedly found a way to sell high-end chips to Chinese companies — while remaining compliant with U.S. restrictions. Nvidia is set to deliver in coming days three new chips to domestic manufacturers, Chinese financial media Cailian Press said Thursday, citing sources. Nvidia, the U.S. Department of Commerce and the Bureau …
The clean-energy industry is currently experiencing its worst downturn in years, resulting in a significant decline in its overall value and posing a serious threat to America’s environmental objectives. Major auto manufacturers such as General Motors (GM) and Ford Motor (F) have postponed their plans to introduce electric vehicles. Offshore wind developers are also canceling …
Take-Two Interactive CEO Strauss Zelnick discussed the potential impact of generative AI on gaming in an interview with CNBC’s Jim Cramer. Take-Two shares rose 5% following the announcement of an upcoming new Grand Theft Auto game. During a recent interview with CNBC’s Jim Cramer, Take-Two Interactive CEO, Strauss Zelnick, expressed his belief in the significant …
7 Hours Ago October Sees Decline in China’s Consumer Prices In October, China’s consumer prices decreased, reflecting the ongoing struggle of the world’s second-largest economy with an uneven post-Covid recovery. Data from China’s National Bureau of Statistics revealed that the consumer price index slipped 0.2% year-on-year. This decline was greater than the expected 0.1% decline …
5 Hours Ago China’s consumer prices decline in October A decline in China’s consumer prices was reported in October as the country’s economy continued its uneven post-Covid recovery. Data from China’s National Bureau of Statistics revealed a 0.2% year-on-year drop in the consumer price index, surpassing the 0.1% decline anticipated by economists surveyed by Reuters. …
Get ready for some big news from Disney as they are about to report their earnings following the bell. Meanwhile, Microsoft shares have reached an all-time high and Democrats are celebrating significant wins on Election Day. Investors are set to begin their trading day following important developments in the market. The Nasdaq and the S&P …
New Zealand’s inflation expectations have dropped to a two-year low according to a Reserve Bank of New Zealand survey.The RBNZ’s two-year inflation expectations fell to 2.76% from 2.83%, and annual price increases for a year ahead were expected to cool to 3.60%, down from 4.17%. The survey also highlighted that the central bank’s interest rate …
Business Sentiment in Japan Improves According to Reuters Tankan Survey Japan Business Sentiment Improves as Reuters Tankan Survey Shows Rise in November According to the recent Reuters Tankan survey, there has been an uptick in confidence among large Japanese manufacturers in November. This marked the first time that the index has improved since August, while …