Key Takeaways Arm Holdings shares will likely remain on investors’ radar screens after surging 16% Wednesday following news that the chip design company will be a technology partner in the $500 billion Stargate AI Infrastructure project The stock broke out from a six-month symmetrical triangle on Tuesday, with gains accelerating today, potentially paving the way
Key Takeaways The S&P 500 advanced 0.6% on Wednesday, Jan. 22, 2025, following the announcement of major AI investments and a string of positive earnings releases. Netflix shares took off after the video streamer topped quarterly estimates and reported strong subscriber additions. The uncertain outlook for renewable energy under the new presidential administration weighed on
In 2018, Bill Hinman, a former SEC Director of the Division of Corporation Finance, declared bitcoin (BTC) and Ethereum (ETH) not securities. EO claimed that Hinman received millions of dollars from his former employer, legal firm Simpson Thacher while working with the SEC on crypto regulations. Simpson Thacher is part of a group that promotes
SEC Task Force Signals New Era for Crypto ETFs The Securities and Exchange Commission announced a new crypto task force dedicated to developing clear regulatory frameworks, marking a shift away from its previous enforcement-focused approach to digital assets. The initiative, announced by acting SEC Chairman Mark T. Uyeda and led by Commissioner Hester Peirce, arrives
Bitwise, the crypto asset management firm, has submitted an application for a Dogecoin ETF through a Delaware trust. This step is limited to registering the trust and still requires a formal filing with the SEC for approval. Meme Coin ETFs Are Gaining Attention A surge in ETF filings has emerged since Gary Gensler stepped down
Netflix, Oracle and other technology stocks lifted U.S. indexes as their profits pile higher and excitement builds around the moneymaking prospects of artificial intelligence. The S&P 500 rose 0.6% Wednesday and closed just shy of the record it set in early December. The Dow Jones Industrial Average rose 0.3%, and the Nasdaq composite climbed 1.3%.
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NAWA, Syria (AP) — As insurgents raced across Syria in a surprise offensive launched in the country’s northwest late last year, officials from several countries backing either the rebels or Syria’s government met in Qatar on what to do. According to people briefed on the Dec. 7 meeting, officials from Turkey, Russia, Iran and a
TOKYO (AP) — A solitary sunfish at an aquarium in southwestern Japan lost its appetite, began banging into the side of the fish tank and appeared unwell days after the facility closed last month for renovations. As a last-ditch measure to save the popular fish, its keepers hung their uniforms and set up human cutouts
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