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South Korea Revives Its Crypto Tax Plan. Parliament Will Decide Whether It Survives
South Korea is once again preparing to tax cryptocurrency profits, setting up another political battle over investor protection, overseas trading and the future of digital asset regulation.The proposal would...
Samsung Says The AI Chip Boom Isn’t Slowing. It Expects Supply To Stay Tight Until 2028
Samsung Electronics says the artificial intelligence boom is far from reaching its peak, warning that tight supplies of advanced memory chips could persist until at least 2028 as technology...
The Dow Lost 1,000 Points In A Day On Thursday. Here’s How The Index Has Behaved After Throughout History
The Dow Jones Industrial Average suffered another dramatic selloff Wednesday, dropping more than 1,000 points after the Federal Reserve left interest rates unchanged while oil prices climbed toward $85...
Amazon’s Robotaxis Have Been Approved For Use. Zoox Will Now Begin Charging For Rides
Amazon's autonomous robotaxis can begin charging people for rides after gaining a series of approvals from the National Highway Traffic Safety Administration (NHTSA).The temporary exemptions granted by the NHTSA...
AI Star Leopold Aschenbrenner Built A $45 Billion Hedge Fund. Weeks Later It Has Been Forced To Unwind Bets
The hedge fund founded by former OpenAI researcher Leopold Aschenbrenner is rapidly unwinding many of its public stock positions after suffering steep losses tied to artificial intelligence investments and...
Chipmakers Are Soaring After a Days-Long Rout. Micron, Lam And Sandisk Jump
Chip stocks are soaring on Thursday as they rebound from a days-long rout, boosted by Microsoft's positive results.CNBC noted that Lam Research jumped 20% and is on track for...
Robinhood’s Prediction Market Had a Record Quarter. Its Stock Is Dropping Anyway After Its Earnings
Robinhood's stock is falling on Thursday even though the company reported rapid growth in its prediction market area.The company's shares are falling 2.67% at 10:53 a.m. ET. They have...
Microsoft’s Massive AI Spending Is Paying Off. Its Stock Is Soaring
Microsoft's massive investment in artificial intelligence infrastructure appears to be paying off, easing investor concerns that the tech giant was spending too aggressively without generating enough returns.The company reported...
Meta Is Building AI Faster Than Ever. Wall Street Is Skeptical About The Payoff And Its Stock Is Tanking
Meta Platforms is asking investors to look beyond today's cash flow and focus on what it believes will become one of the world's largest artificial intelligence businesses.The company raised...
Treasury Yields Stay Near Decades-High After Fed Pause. Long-Term Borrowing Costs Still Under Pressure
U.S. Treasury yields held near recent highs Thursday as investors digested the Federal Reserve's latest interest rate decision and awaited fresh inflation data that could shape expectations for the...
The Federal Reserve Just Changed How It Talks About The Economy. Here’s What’s Different Under Kevin Warsh
The Federal Reserve offered investors another glimpse into its new communication strategy on Wednesday, releasing the second Federal Open Market Committee statement under Chairman Kevin Warsh.While the central bank...
