Business

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Business

Why Nvidia stock is up around 2% on Friday

Nvidia stock (NVDA) traded higher on Friday as investors looked past reports that one of the company’s largest customers is stepping up development of its own artificial intelligence processors. The stock was up about 2.3% at around $207 at the time of writing after trading lower in premarket activity. Meta advances custom AI chip efforts

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Business

Kresus launches crypto inheritance service for self-custody wallet users

Kresus, a self-custody cryptocurrency wallet provider, has announced the launch of Kresus Inheritance, a service that allows users to create a succession plan for their digital asset holdings. According to the company, the service does not require users to share private keys or use complex recovery procedures. While self-custody gives users direct control over their

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Business

MARA stock soars on a major AI announcement

MARA Holdings (MARA) shares are ripping higher on Thursday after the company announced a major acquisition that meaningfully accelerates its pivot into the AI and data center infrastructure space. Before the market opened on July 9th, MARA said it has agreed to acquire a “1,200-acre” powered land site in Matagorda County from HIF USA. This

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Business

PepsiCo beats revenue estimates but warns North America demand remains under pressure

PepsiCo beat Wall Street expectations for second-quarter revenue and profit on Thursday, but investors focused on the company’s warning that inflationary pressures continue to weigh on consumer spending in North America, sending its shares slightly lower in premarket trading. The snacks and beverages giant reaffirmed its full-year outlook, as it continues to benefit from resilient

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Business

Smart money loves a bad market

Bull markets are liars. When everything’s pumping, a coin backed by nothing outruns a protocol with real users and revenue. Everyone’s a genius and every founder a visionary. Then the market turns, and the truth bubbles up. 2026 has been that kind of year. Bitcoin started above $90,000 and face-planted to a 21-month low near

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Business

Micron to invest up to $3B in US chip supply chain, stock jumps on AI optimism

Micron Technology shares surged 6% in premarket trading on Thursday after the memory-chip maker announced plans to invest up to $3 billion to strengthen the US semiconductor supply chain. The bullish analyst commentary and improving sentiment toward AI-related memory demand further supported the stock. Micron announces $3 billion US supply chain investment Micron Technology said

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Business

Bitcoin Cash price outlook: Can BCH build on Bitcoin-led gains?

Bitcoin Cash (BCH) traded at $236.38 at the time of writing, posting a 1.5% gain over the past 24 hours. The move comes as the broader cryptocurrency market recorded modest gains, with Bitcoin (BTC) also moving higher during the same period. While BCH has outperformed the wider market slightly, recent price action suggests that the

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Business

Gold recovers as strong US labor data offsets earlier pressure from higher oil prices

Gold prices moved higher on Thursday, recovering above the $4,100 mark after stronger-than-expected US lalabourbour market data boosted investor sentiment. The gains came after the precious metal traded lower earlier in the day as rising oil prices fueled concerns that inflation could remain elevated and delay potential interest rate cuts. Spot gold climbed to an

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Business

Dow Jones slips even as chip stocks offset renewed US-Iran tensions

US stocks opened higher on Thursday as gains in semiconductor shares helped offset renewed geopolitical concerns after fresh exchanges of attacks between the United States and Iran threatened to prolong the conflict and keep investors on edge. The Dow Jones Industrial Average fell 28 points, or 0.05%, while the S&P 500 gained 0.11%. Nasdaq Composite

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Business

US jobless claims declined last week as labour market holds steady

The number of Americans filing new applications for unemployment benefits declined last week, pointing to continued resilience in the US labour market even as hiring slowed sharply in June. Initial claims for state unemployment benefits fell by 2,000 to a seasonally adjusted 215,000 in the week ended July 4, the Labor Department said on Thursday.

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