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Nvidia has been making waves in the stock market, with its shares seeing a 1.8% increase following KeyBanc’s optimistic price target hike to $180. This move implies a significant 40% upside from Monday’s close. The firm’s positive outlook is based on the strong demand for Nvidia’s H100 chip, which has remained robust despite the impending
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The U.S. stock index futures have been going through a period of growth, with semiconductor and megacap technology stocks leading the way in the recent rally. The S&P 500 and Nasdaq have reached record highs, showcasing the ongoing positive sentiment in the equity market. The Philadelphia semiconductor index saw a significant rise, indicating the strong
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The year 2024 has seen a significant increase in cryptocurrency theft, with hackers more than doubling their spoils compared to the previous year. According to a report by blockchain research firm TRM Labs, a total of $1.38 billion worth of crypto was stolen between January 1 and June 24, which is more than twice the
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China’s new yuan loans are expected to more than double in June compared to May, as per a Reuters poll. Chinese banks are predicted to have issued 2.25 trillion yuan in new loans last month, up from 950 billion yuan in May. This surge is attributed to the central bank’s continuous policy support for the
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Australia’s commitment to boosting investment in Pacific Island countries in support of their financial systems comes at a crucial time. The banking sector in the region is experiencing a significant withdrawal of correspondent banking services, particularly in U.S. dollar-denominated transactions. This has raised concerns about the ability of Pacific nations to engage with the global
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Recent reports indicate that Germany’s government has been actively selling significant amounts of bitcoin, resulting in a notable sell-off in the cryptocurrency market. The German Federal Criminal Police Office, commonly known as the Bundeskriminalamt (BKA), initiated the sale by disposing of 900 bitcoins in June and followed it up with the sale of an additional
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A rally in chip stocks lifted the Nasdaq and S&P 500 to record highs on Monday as investors awaited fresh inflation data, commentary from Federal Reserve Chair Jerome Powell and the start of quarterly earnings season. This surge was led by companies such as Nvidia (NASDAQ:NVDA), Super Micro Computer (NASDAQ:SMCI), and Intel (NASDAQ:INTC). The market
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A New Era for Paramount The recent $8 billion takeover of Paramount by Skydance has stirred a sense of relief in Hollywood. Many stakeholders see this acquisition as a positive development, ensuring that a renowned motion picture studio and entertainment conglomerate will continue to thrive. This outcome differs significantly from what could have happened if
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