Bitcoin Surges Past $97,000 Before Retreating as China Stimulus and Fed Signals Shake Markets
Bitcoin briefly crossed the $97,000 threshold on Wednesday, propelled by China’s sweeping liquidity injection and mounting speculation over possible shifts in U.S. Federal Reserve policy. The digital asset quickly corrected, settling around $96,000 as markets absorbed the implications of major global macroeconomic developments. This latest price movement comes amid growing investor optimism following the People’s […]
TRUMP INDICATES OPENNESS TO ANOTHER TIKTOK DEADLINE EXTENSION
U.S. President Donald Trump has signalled he’s open to extending the June 19 deadline for ByteDance, the China-based parent company of TikTok, to sell off its U.S. operations. The move comes amid ongoing tensions over trade and national security issues. Originally, ByteDance was supposed to divest TikTok’s American assets by January 19, as mandated by […]
AMD Faces $1.5 Billion Revenue Loss Due to U.S. Export Restrictions but Posts Strong Earnings Outlook
Advanced Micro Devices (AMD) has predicted a $1.5 billion revenue loss this year due to new U.S. restrictions on chip exports to China, which will require the company to secure a license for selling advanced artificial intelligence (AI) processors to the region. Despite the projected setback, AMD’s forecast for second-quarter revenue exceeded Wall Street expectations, […]
Meta Wins $168 Million Verdict Against NSO Group Over WhatsApp Spyware Case
Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, won a significant legal victory against Israeli surveillance firm NSO Group on Tuesday, concluding a six-year legal battle. The decision comes after Meta’s claims that NSO exploited a vulnerability in WhatsApp to install spyware on users’ phones, marking a pivotal moment in the ongoing fight […]
Amazon’s Zoox to Boost Robotaxi Production with New California Site
Amazon-backed autonomous vehicle company Zoox plans to ramp up production next year as it accelerates preparations for a commercial launch of its robotaxi service in the United States, according to a report by the Financial Times on Wednesday. Jesse Levinson, Zoox’s co-founder, revealed that the company will establish a new manufacturing site in California’s Bay […]
OpenAI to Halve Revenue Share with Microsoft as It Scales Back Restructuring Plans
OpenAI has informed investors of a significant shift in its financial partnership with Microsoft, revealing plans to reduce the share of revenue it allocates to the tech giant by at least half by the end of the decade. According to a report published by The Information on Tuesday, this adjustment comes amid a broader retreat […]
