Business News
Arthur Hayes Predicts Your Crypto Will Rise With Trump or Harris -- Bitcoin to Go 'Very, Very High'
Bitcoin.com - 8 Aug 2024 01:17
Bitmex cofounder and former CEO Arthur Hayes has predicted cryptocurrency prices will rise under both the Donald Trump and Kamala Harris administrations due to increased money printing. He added that bitcoin’s price co...
Take-Two reports flat bookings of $1.2B for June quarter
Venture Beat - 8 Aug 2024 22:15
Take-Two Interactive Software reported that its bookings in the June quarter were $1.22 billion, or flat compared to $1.20 billion a year ago.
Samsung recalls over 1 million electric ranges for stovetops after fires and injuries
Fast Company - 8 Aug 2024 19:30
To date, Samsung has received more than 300 reports of the knobs activating unintentionally since 2013, the CPSC noted, and the now-recalled ranges have been involved in about 250 fires. Samsung is recalling more than 1....
Black Desert Console cools off with Mountain of Eternal Winter
Venture Beat - 8 Aug 2024 15:00
Xbox and PlayStation players can explore Black Desert Console's new region, Mountain of Eternal Winter, starting today.
Nasdaq to Tighten Listing Rules for Penny Stocks
Wall Street Journal - 8 Aug 2024 15:00
The exchange has come under pressure for allowing risky companies to remain listed through reverse stock splits.
Chicago-based cannabis giant Cresco Labs loss widens on $61 million charge for taxes
Market Watch - 8 Aug 2024 14:59Under Armour stock climbs on Q1 top and bottom-line beat, raised outlook
Market Watch - 8 Aug 2024 14:50Restaurant Brands revenue tops estimates, fueled by Tim Hortons
CNBC - 8 Aug 2024 13:38
Canadian coffee chain Tim Hortons was the restaurant company's strongest performer during the quarter.
JPMorgan's Jamie Dimon thinks people overreact too much about market fluctuations
Business Insider - 8 Aug 2024 02:22Robinhood earnings top expectations, following revival of meme stocks and crypto
Market Watch - 8 Aug 2024 02:08Monster Beverages' stock is sinking. Executives are blaming convenience stores.
Market Watch - 8 Aug 2024 02:04Warner Bros. Discovery writes down value of TV assets by $9B: 'Final nail in the coffin'
New York Post - 8 Aug 2024 01:43
An impairment charge, stemming from a reassessment of the assets' value since the merger of WarnerMedia and Discovery, contributed to a $10 billion net loss for the quarter.
Sequoia invests in Reflection AI, a startup founded by Google DeepMind alum, at $100 million valuation, sources say
Business Insider - 8 Aug 2024 00:47
Former Google DeepMind AI researchers Misha Laskin and Ioannis Antonoglou founded Reflection AI.
Intel's stock is down 38% in a week -- and it just got downgraded again
Market Watch - 8 Aug 2024 00:23Alibaba claims no. 1 spot in AI math models with Qwen2-Math
Venture Beat - 8 Aug 2024 23:59
They outperform all others in the world -- including the vaunted OpenAI GPT-4o, Anthropic Claude 3.5 Sonnet, and even Google.
Paramount Global to cut 15% of its US workforce before Skydance merger
The Guardian - 8 Aug 2024 23:56
Company behind Paramount Pictures, Nickelodeon and CBS writes down value of its cable networks by nearly $6bn The entertainment conglomerate behind Paramount Pictures is to cut about 2,000 jobs in a bid to reduce costs a...
Palantir stock climbs on AI partnership with Microsoft
Market Watch - 8 Aug 2024 23:52
Shares of Palantir Technologies jumped after the company said it has partnered with Microsoft to sell artificial-intelligence-based data-analytics products to U.S. government agencies.
Delta Air says it'll take $380 million 'direct' revenue hit from CrowdStrike outage
Market Watch - 8 Aug 2024 23:48How short-lived advanced grenade launchers tried — and failed — to field a high-tech version of the conventional rifle attachment
Business Insider - 8 Aug 2024 23:46Following Court Ruling, XRP Price Skyrockets as South Korea Leads the Charge
Bitcoin.com - 8 Aug 2024 23:45
On Aug. 8, following the imposition of a $125 million civil penalty on Ripple Labs by a district judge, the firm’s executives and community celebrated the outcome as a “victory.” This led to an uptick in XRP’s tr...
Green Dot's earnings and revenue beat analysts' estimates
American Banker - 8 Aug 2024 23:44
The prepaid card company reported strong results following a government settlement over alleged unfair business practices.