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    How Intel lost the Sony PlayStation business

    by skolnes September 16, 2024
    September 16, 2024

    Intel (INTC) lost out on a contract to design and fabricate Sony’s (SONY) PlayStation 6 chip in 2022, which dealt a significant blow to its effort to build its fledgling …

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  • Cryptocurrency News

    Billionaires Are Selling Nvidia Stock and Buying This Supercharged AI Index Fund Instead

    by skolnes September 16, 2024
    September 16, 2024

    Nvidia has been a spectacular investment in recent years. The stock has skyrocketed more than 700% since January 2023 amid excitement surrounding artificial intelligence (AI). But excitement is a double-edged …

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  • Cryptocurrency News

    Hedge funds switch to buying banks, insurance and trading firms, says Goldman Sachs

    by skolnes September 16, 2024
    September 16, 2024

    LONDON (Reuters) – Banks, insurance and trading firms returned to favour as hedge funds last week snapped up these company stocks at the fastest pace since June 2023, a Goldman …

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  • Cryptocurrency News

    Bitcoin Slips at Start of Key Week for Markets Awaiting Fed Rate Cut

    by skolnes September 16, 2024
    September 16, 2024

    (Bloomberg) — Bitcoin retreated ahead of a widely expected interest-rate reduction by the Federal Reserve, a looming policy change due later this week that has global markets on edge. Most …

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  • Cryptocurrency News

    Why Fed rate cuts matter to world markets

    by skolnes September 16, 2024
    September 16, 2024

    LONDON (Reuters) – When the Federal Reserve delivers a widely-anticipated interest rate cut on Wednesday, its first in four years, the move will resonate well beyond the United States. The …

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  • Cryptocurrency News

    Asian stocks mixed amid weak China data after Wall Street closes the best week of 2024

    by skolnes September 16, 2024
    September 16, 2024

    HONG KONG (AP) — Asian stocks were mixed on Monday with several key markets closed for a holiday, after U.S. stocks finished their best week of the year and climbed …

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  • Cryptocurrency News

    Watch These Nvidia Price Levels After Stock’s Recent Price Swings

    by skolnes September 16, 2024
    September 16, 2024

    Shares Gained Nearly 16% Last Week Source: TradingView.com Key Takeaways Nvidia shares will likely remain on watchlists Monday after the AI investor darling surged last week as investors snapped up …

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  • Cryptocurrency News

    Chinese Stocks Fall in Hong Kong After Economic Data Disappoint

    by skolnes September 16, 2024
    September 16, 2024

    (Bloomberg) — A gauge of Chinese stocks listed in Hong Kong fell after broadly weaker macro data dashed optimism of a meaningful rebound in the economy in the absence of …

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  • Cryptocurrency News

    Chinese Stocks at Risk of More Losses as Economic Gloom Worsens

    by skolnes September 16, 2024
    September 16, 2024

    (Bloomberg) — Chinese stocks trading in Hong Kong look primed for losses on Monday following a poor set of economic data that’s deepened skepticism over any near-term market recovery. Most …

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  • Cryptocurrency News

    Asia Stages Cautious Open After Bleak Chinese Data: Markets Wrap

    by skolnes September 16, 2024
    September 16, 2024

    (Bloomberg) — A gauge of Asian stocks struggled to find direction on Monday as traders weighed the extent of slack in China’s economy after worse-than-expected activity data landed over the …

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