News

News

Intel Stocks Soar Post AI-Processor Launch

ESSENTIAL NOTES As the company unveiled its most recent chips, which are best suited for handling workloads involving artificial intelligence (AI), Intel Corp.’s stock price surged on Thursday. Some new laptops from partners like Dell Inc., HP Inc., Microsoft Corp.’s Surface, and Alphabet Inc.’s Google Chromebook are available with the new line of Intel Core …

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Stock Market News

BTC And XLM Supporters Are Looking Into A Promising New Cryptocurrency

Amidst the ever-evolving landscape of the cryptocurrency market, supporters of Bitcoin (BTC) and Stellar (XLM) are shifting their focus toward an emerging star with tremendous potential in the decentralized finance (DeFi) arena. This new DeFi gem has garnered significant attention within the crypto community as it ascends the ranks to join the list of top …

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Stock News

AMD stock rises when the company unveils an AI processor to compete with Nvidia.

Major points The CEO of AMD, Lisa Su, spoke on Wednesday about the previously disclosed Instinct MI300X, a sizable graphics processor intended for servers focused on artificial intelligence, and how Microsoft and Meta had committed to using the chip.   The increase in AMD stock prices on Thursday indicates that investors think the company can …

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AI Stock

AI Stocks (ChatGPT): Best Artificial Intelligence Stocks To Watch in 2024

In the midst of growing investor enthusiasm for artificial intelligence, numerous companies are now highlighting their AI product plans. However, identifying legitimate AI stocks with existing revenue streams from generative AI, such as Microsoft (MSFT) and Nvidia (NVDA), poses a significant challenge for investors. Even tech giants like Google-parent Alphabet (GOOGL) face both risks and …

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Hong Kong

Hong Kong Stocks Plummet Over 2%, Leading Losses in Asia-Pacific After China Data Release

Hong Kong, October 13, 2023 — Hong Kong stocks nosedived by more than 2% today, marking a significant decline and leading losses across the Asia-Pacific region. This sharp drop in the stock market came in the wake of the release of economic data from China, Hong Kong’s main trading partner, raising concerns among investors about …

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GBP/USD

GBP/USD, GBP/AUD attempt tepid recovery ahead of inflation data

The BoE may have an even more difficult time if UK inflation figures come in strongly. GBP/USD stays muted ahead of UK inflation data; GBP/AUD continues its downward movement following China and Australia data that strengthen the Australian currency.   BOE expectations and UK inflation  GBP/AUD The Bank of England (BoE) faces a greater difficulty …

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Rupee

Intra-day update: rupee strengthens further against US dollar

September 20, 2023 1:20 pm In advance of the Federal Reserve meeting on Wednesday, the Indian Rupee began the day strongly versus the greenback. On Wednesday, the local currency gained five pence to start at Rs 83.22 versus the US dollar. In response to rising crude oil prices, it had Monday’s closing rate versus the …

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Oil Prices

Oil prices tick up as markets zoom in on supply tightness

Following a brief decline, oil prices increased on Thursday, propelled by fresh worries over a potential shortage of petroleum in 2023. WTI rose by 19 cents to $88.71, while Brent futures climbed 17 cents to $92.05 a barrel. According to the IEA, the prolonged output cutbacks by Saudi Arabia and Russia indicated a market deficit …

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SEC

SEC Delays Spot Bitcoin ETF Decision for All Applicants Including BlackRock, Fidelity

According to agency filings on Thursday, the U.S. Securities and Exchange Commission (SEC) has postponed making a decision on all spot bitcoin exchange-traded fund (ETF) applications until October. The applicants include BlackRock, WisdomTree, Invesco Galaxy, Wise Origin, VanEck, Bitwise, and Valkyrie Digital Assets.   Bitcoin (BTC), which had already dropped significantly for the day, lost …

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