Apple stock has fallen roughly 18% from its record close in December, shedding more than $700 billion off of the iPhone maker’s market cap as investors scrutinize the company’s AI play.
Dip buyers came out in spades last week, according to client fund flow data from Bank of America.
Shares of Stoke Therapeutics sank Tuesday as the drugmaker said its CEO Dr. Edward Kaye is stepping down from his role.
By using Bitcoin as collateral, qualifying Xapo Bank members can access USD funds without selling their assets.
Adobe on Tuesday said it is rolling out artificial intelligence "agents" that brands can use to help consumers navigate their websites. Adobe is known for consumer apps such as Photoshop but also sells a suite of business-to-business software tools used in online marketing, which made up a quarter of Adobe's $21.5 billion in sales in its most recent fiscal year. The new tools use AI technology to help brands target marketing messages to different users based on their online activity.
The Federal Open Market Committee meeting started Tuesday and will culminate with a written policy statement and press conference Wednesday—but don't expect much clarity on where interest rates are headed.
86% of institutional investors surveyed said they had exposure to digital assets or planned to make allocations to crypto in 2025.
(Bloomberg) -- A pioneer of the $100 billion derivatives-powered ETF market has filed for more than 70 new funds in one go, in a bet that amped-up investment products will boom anew despite fears of industry overcrowding and investor exhaustion.Most Read from BloombergHow Britain’s Most Bike-Friendly New Town Got BuiltThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressNYC Plans for Flood Protection Without Federal FundsA Malibu Model for Resid
Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 6.3% in the morning session after the EV battle in China continued to heat up as BYD announced its new "Super e-Platform," a technology it claimed could charge electric vehicles in just five minutes. The company added that the new technology had a peak charging speed of 1,000 kilowatts. To put it in perspective, Tesla's latest superchargers maxed out at 500 kilowatts (at the time BYD announced the Super e-Platform), so BYD's tech would
U.S. equities tumbled at midday on a range of factors, including worries about tech stocks, the Fed meeting, and more fighting in the Middle East.
