Bitcoin bounces above $62,000, Solana leads cryptocurrencies higher
Economy

Bitcoin bounces above $62,000, Solana leads cryptocurrencies higher

Cryptocurrencies rose broadly, a day after bitcoin slumped to under $60,000 for the first time since early May, leading to a broad sell-off in crypto assets. Bitcoin advanced more than 3% on Tuesday to $62,103.90, according to Coin Metrics. The move coincided with a rebound in Nvidia and the Nasdaq Compositeboth of which in the […]

U.S. auto sales are expected to slow during the second half of 2024
Economy

U.S. auto sales are expected to slow during the second half of 2024

Cars sit on a Chevrolet dealership’s lot on June 20, 2024 in Chicago, Illinois. A cyber attack on CDK Global, a software provider that helps dealerships manage sales and service, has crippled the workflow at approximately 15,000 dealerships across the United States and Canada. Scott Olson | Getty Images DETROIT — U.S. auto sales through […]

Nvidia’s half-a-trillion dollar wipeout leaves global chip stocks volatile
Economy

Nvidia’s half-a-trillion dollar wipeout leaves global chip stocks volatile

The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan, May 30, 2017. Tyrone Siu | Reuters Global semiconductor stocks saw volatile trading Tuesday after a slump in shares of Nvidia during the previous session. Shares of chip firms in Europe and Asia fell in early trade as investors reacted to […]

Neeva, co-founded by a former Google exec, to shut down its consumer search product and focus on A.I.
Economy

Neeva, co-founded by a former Google exec, to shut down its consumer search product and focus on A.I.

Sridhar RamaswamyKrisztian Bocsi | Bloomberg | Getty ImagesNeeva, the privacy-focused search company co-founded by former Google executive Sridhar Ramaswamy, announced Saturday that it is shutting down its consumer search engine and will focus on exploring use cases for artificial intelligence.In a blog post on the company’s website, Ramaswamy and Vivek Raghunathan, another Neeva co-founder, wrote… […]

Investor behind top tech fund warns mega-cap rally is running on fumes
Economy

Investor behind top tech fund warns mega-cap rally is running on fumes

The investor behind a top 10 global ETF sees a bearish trend in the Big Tech rally.Anna Paglia, who oversees the tech-heavy Invesco QQQ Trust, sees signs investors are starting to take a defensive approach to the group.”If you look at the flows that are flattish year to date, that indicates there’s really not a… […]

Bitcoin tumbles back to $60,000 to start the week
Economy

Bitcoin tumbles back to $60,000 to start the week

A photo illustration depicting the cryptocurrency bitcoin. Jakub Porzycki | NurPhoto via Getty Images Bitcoin continued its descent on Monday, sliding below $60,000 for the first time since May 3. The price of the flagship cryptocurrency was last down 7% at $59,562.54, according to Coin Metrics. Earlier, it fell as low as $59,021.42, about 19% […]