Donald Trump is the complete opposite of the prior president in terms of crypto support.
Metaplanet Plans $745 Million Fundraise for Bitcoin Investments
Japanese publicly traded company Metaplanet plans to raise approximately $745 million to purchase Bitcoin, intending to acquire 21,000 BTC by 2026.
U.S. Senate Approves Scott Bessent as New Treasury Secretary With Crypto Focus
The U.S. Senate has confirmed Scott Bessent as the new Treasury Secretary, succeeding Janet Yellen.
PACCAR (NASDAQ:PCAR) Misses Q4 Sales Targets
Trucking company PACCAR (NASDAQ:PCAR) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 14.3% year on year to $7.36 billion. Its GAAP profit of $1.66 per share was 1.5% below analysts’ consensus estimates.
DeepSeek sparked a market panic — but some think the sell-off is overblown
China's DeepSeek has panicked investors in top AI stocks after it said its new model was built with less computing power than would be expected.
Nvidia and other tech stocks are rebounding a day after the DeepSeek AI wipeout
Nvidia (NVDA) stock saw a slight turnaround Tuesday morning after the chipmaker suffered its biggest single-day market value loss because of an artificial intelligence chatbot challenger in China.
Nvidia, Other AI-Focused Stocks Rebound Somewhat After Monday's Selloff
Nvidia and other artificial intelligence stocks at the forefront of the AI revolution are rebounding somewhat in premarket trading Tuesday after a selloff triggered by Chinese startup DeepSeek’s launch of a cutting-edge model at a fraction of the cost of its U.S. rivals.
Commvault Systems (NASDAQ:CVLT) Delivers Strong Q4 Numbers, Full-Year Outlook Exceeds Expectations
Data backup provider Commvault (NASDAQ:CVLT) announced better-than-expected revenue in Q4 CY2024, with sales up 21.1% year on year to $262.6 million. On top of that, next quarter’s revenue guidance ($262 million at the midpoint) was surprisingly good and 4.3% above what analysts were expecting. Its non-GAAP profit of $0.94 per share was 7.6% above analysts’ consensus estimates.
Billionaire Oil Heirs Pivot to Luxury Property and Diamonds
(Bloomberg) -- The billionaire family behind one of Europe’s largest independent oil companies is boosting investments in high-end real estate, diamonds and clothing as it seeks to branch out from hydrocarbons. Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials Texas HOA Charged With Discrimination for Banning Section 8 RentersBudapest Mayor Aims to Block Orban’s Plans to Build ‘Mini Dubai’Vienna Embraces Heat Pumps to Ditch Russian GasNewsom Enlists Magic Johnson,
Tom Lee Calls Monday's Market Plunge a Great Buying Opportunity After AI, Crypto-Led Rout
On Monday, NVIDIA had the largest single-day market cap loss in history, erasing $465 billion in market cap.