Economy
Finance, markets, investments, cryptocurrency and economic news
XRP dropped 6.3% to $1.54 as bitcoin's support breakdown triggered broad crypto selling. Technical support failure led to forced selling with heavy volume across altcoins.
Jensen Huang's direct response to OpenAI investment rumors reveals the complex dynamics shaping AI's most important partnership.
Japanese engineering giant IHI invests $128M in nuclear components as AI data centers drive unprecedented power demand. Is this nuclear power's second coming?
PRISM by Liabooks
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US stocks tumble as investors worry artificial intelligence will disrupt traditional software and analytics companies. Analysis of market reactions and future implications for the tech sector.
SpaceX acquires xAI in record-breaking M&A deal, promising orbital data centers. But can the most regulated industry safely adopt the least regulated product?
Bitcoin and major cryptocurrencies halt their Tuesday plunge after the U.S. House narrowly passes funding package to end government shutdown, though volatility remains high across digital asset markets.
A single Galaxy Digital client sold $9 billion in bitcoin, citing quantum computing threats. Early adopters are breaking from the HODLing philosophy as quantum fears become tangible.
PRISM by Liabooks
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Intel appoints new chief architect for GPU development as it challenges Nvidia's dominance in AI chips. Can the foundry business find its anchor customer?
China's central bank begins offering interest on digital yuan to boost adoption for cross-border transactions, marking a significant escalation in the challenge to dollar dominance in global finance.
Disney names Josh D'Amaro as next CEO but shares drop 2%. Wall Street calls leadership transition an 'overhang' on stock despite record theme park revenue of $10 billion.
An EU commissioner's call for technological control reveals Europe's strategic shift in the global tech power game and its implications for businesses worldwide.
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Blackstone's Chairman Steve Gray identifies AI disruption as the firm's primary investment concern. We examine what this means for markets, jobs, and the future of capital allocation.