Gold

Gold
Gold

Why is Getty Images stock rocketing 120% today?

Getty Images has entered into a “display agreement” with OpenAI, marking a significant step toward integrating licensed visual content into artificial intelligence-driven search experiences. In a brief announcement on Sunday, Getty said its licensed image libraries will appear in “OpenAI search and discovery experiences within ChatGPT.” The agreement is expected to allow ChatGPT to use

Read More
Gold

Western Digital, Seagate, Sandisk stocks are bracing for a major Micron event

Sandisk, Western Digital, and Seagate stocks have been in a strong rally this year and are the top gainers in the S&P 500 and Nasdaq 100 indices. SNDK jumped by 800% this year, while Western Digital, Micron, and Seagate have soared by 320%, 285%, and 280%, respectively.  Sandisk, Western Digital, and Seagate face a major

Read More
Gold

Dow rises as US-Iran talks progress; investors await key inflation data

US stocks opened slightly higher on Monday as investors reacted to signs of progress in the latest round of US-Iran negotiations and looked ahead to a key inflation report that could shape the Federal Reserve’s next policy move. Officials from the United States and Iran made what mediators described as “encouraging progress” during the first

Read More
Gold

Nio, XPeng, Li Auto, BYD, Polestar: Why are China EV stocks tumbling?

China EV stocks are in a strong freefall this year as investors remain pessimistic about their growth prospects. Nio stock slipped to $5 on Friday, down nearly 30% from its May high, and is hovering at its lowest level since March 9.  Xpeng stock has tumbled to $13.21 in New York, down 53% from its

Read More
Gold

Chevron stock slips despite long-term Microsoft AI power agreement

Shares of Chevron Corporation CVX traded lower after the oil major announced a long-term agreement with Microsoft Corporation to supply electricity to a massive artificial intelligence data center in West Texas. Under the agreement, Chevron’s unit, Energy Forge One LLC, will build a 2.67-gigawatt natural gas power plant under Project Kilby, a development expected to

Read More
Gold

Fervo Energy stock jumps on Nvidia AI partnership despite wider-than-expected loss

Shares of Fervo Energy FRVO surged on Monday as investors looked past a wider-than-expected quarterly loss and instead focused on the geothermal company’s new artificial intelligence partnership with Nvidia. The Houston-based geothermal startup, backed by Bill Gates, was up about 15% after announcing an agreement with Nvidia and the Pacific Northwest National Laboratory (PNNL) to

Read More
Gold

Meta to acquire 20% stake in CRED through $900M investment

Meta Platforms Inc. is making a significant move into India’s fintech ecosystem with a $900 million investment in startup CRED. The deal gives Meta a roughly 20% stake in the company. According to the announcement, CRED will raise ₹8,550 crore ($900 million) in its Series H round, led by Meta. The round is structured through

Read More
Gold

Why Diageo, Heineken and Anheuser-Busch are battling falling alcohol demand?

Alcohol companies have had fewer reasons to say “cheers” in recent years. Volumes have been falling, and the entire business model is undergoing a structural shakeup as younger people drink less.  The downturn has been driven by a mix of structural and cyclical forces.  Younger consumers are drinking less, inflation has squeezed discretionary spending, and

Read More
Gold

Top crypto price predictions: Aerodrome, Jupiter, Aster

The crypto market remained in a consolidation mode on Sunday as demand waned following last week’s hawkish Fed decision. Bitcoin was trading at $64,400, up by 1% in the last 24 hours, while the market capitalization in the industry rose by 0.64% to $2.2 trillion. This article looks at key coins, including Aerodrome Finance (AERO),

Read More
Gold

USD/JPY: Here’s why the Japanese yen has slumped to a 40-year low

The USD/JPY exchange rate continued its strong rally last week, reaching its highest point since 1986. It peaked at 161.81, up by 15% from its lowest level in May last year, putting investors on edge as they wait for the next actions by the Bank of Japan (BoJ). USD/JPY jumps after the hawkish Fed The

Read More