Nvidia Dethrones Apple as World’s Top Company, Fueled by AI Chip Demand and Stock Surge

Oct 25, 2024 20:54 pm UTC| Technology Business

Nvidia has claimed the title of the worlds most valuable company, surpassing Apple with a $3.53 trillion market value. The AI chipmakers stock surged 18% in October, driven by strong demand for its supercomputing...

Digital Currency Revolution

80% of Spot Bitcoin ETF Demand Comes from Retail Investors as Inflows Reach $21.6B

Oct 25, 2024 20:39 pm UTC| Digital Currency Technology Business

Retail investors are responsible for nearly 80% of the demand for spot Bitcoin exchange-traded funds, per Binances latest research. With $21.6 billion in inflows since January, Bitcoin ETFs continue to see strong support...

Digital Currency Revolution

MOODENG Skyrockets 90% After Binance Launches 75x Leverage Futures Contract

Oct 25, 2024 20:24 pm UTC| Digital Currency Technology Business

MOODENG, a Solana-based meme coin, soared 90% on Friday after Binance launched a perpetual futures contract with up to 75x leverage. The announcement ignited trading activity, with volume spiking 141%, signaling heightened...

Digital Currency Revolution

Shiba Inu Burn Explodes 65,529% as Millions of SHIB Vanish in Just 24 Hours

Oct 25, 2024 20:08 pm UTC| Digital Currency Technology Business

Shiba Inus burn rate soared by an astounding 65,529% in the past 24 hours, wiping out over 2.6 million SHIB tokens, according to the Shibburn tracker. The massive burn failed to spark a price rally, raising questions about...

Mercedes-Benz Q3 Car Earnings Plunge 64% Amid China’s Luxury Market Slowdown

Oct 25, 2024 17:02 pm UTC| Technology Business

Mercedes-Benz saw its third-quarter earnings in the core car division plummet by 64%, significantly missing analysts expectations. The decline is attributed to shrinking demand for luxury vehicles in China, with the...

Wall Street Praises Tesla's Q3 Earnings: Margin Boost from FSD, Lower Costs, and Volume Leverage

Oct 25, 2024 16:59 pm UTC| Technology

Tesla surprised investors with a 16% surge in shares following its Q3 earnings report, surpassing expectations. Wall Street attributes the auto gross margin increase to factors like volume leverage, lower raw material...

White House Issues Sweeping Measures to Curb AI Misuse in Nuclear and Security Threats

Oct 25, 2024 16:54 pm UTC| Technology

The White House has announced significant new measures aimed at protecting U.S. national security from the misuse of artificial intelligence, particularly in nuclear and cybersecurity domains. The initiative will increase...