Art

The cryptocurrency market experienced significant volatility as Bitcoin dropped below $50,000 for the first time since February. This led to a ripple effect on bitcoin-related companies, with names like Robinhood, MicroStrategy, Coinbase, and Marathon Digital all facing losses. Robinhood plummeted more than 10%, while MicroStrategy plunged more than 8%. This highlights how closely tied these
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The widening of U.S. junk bond spreads over yields on risk-free Treasuries on Monday indicated that financial markets were perceiving more risk. This came after the biggest daily point surge since March 2023, with stocks seeing a sharp decline as investors sought the safety of U.S. government debt. The ICE/BofA U.S. high yield index option
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The U.S. Commerce Department is reportedly considering a proposal to prohibit Chinese software in autonomous and connected vehicles, a move that could have far-reaching implications for the automotive industry. According to sources familiar with the matter, the Biden administration is expected to introduce a rule that would ban Chinese software in vehicles with Level 3
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The indie/arthouse market is currently experiencing a period of diverse offerings that cater to a wide range of audiences. Films like Kneecap, CatVidoFest, Didi, and Sing Sing are proving to be successful, despite their limited release on screens. This success is particularly noteworthy in the face of more mainstream, wide releases and tentpole movies dominating
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One of the top stock picks recommended by Wall Street analysts is Google parent Alphabet (GOOGL). This tech giant recently reported its second-quarter results, revealing the strength in its Search and Cloud businesses. However, the growth in YouTube advertising revenue slowed down in the quarter and missed analysts’ expectations. Despite this, BMO Capital analyst Brian
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In the last quarter, Berkshire Hathaway’s cash pile swelled to a record $276.9 billion, marking a significant increase from the previous record of $189 billion set in the first quarter of 2024. This surge came as Warren Buffett, the Oracle of Omaha, sold off large portions of stock holdings, including a significant portion of his
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