Intel is effectively killing Falcon Shores, its next-generation GPU for high-performance computing and AI workloads. The move comes as Intel tries to correct course after a number of disappointing product launches and historic losses, while competitors like AMD and Nvidia gain ground. Intel co-CEO Michelle Johnston Holthaus said during the company’s fourth-quarter earnings call Thursday
Apple (AAPL) reported fiscal first-quarter earnings that topped estimates as its services revenue rose, though iPhone sales fell short. The iPhone maker’s revenue rose 4% year-over-year to a record $124.3 billion, roughly in-line with the analyst consensus from Visible Alpha. Earnings came in at $36.33 billion, an all-time high of $2.40 per share, compared to
Key Takeaways Microsoft, Meta, and IBM all highlighted healthy growth in their AI businesses in the last three months of 2024. Microsoft and Meta, which cumulatively expect to invest nearly $150 billion in infrastructure in their respective 2025 fiscal years, stood by their aggressive spending plans. Executives expressed confidence that Chinese start-up DeepSeek’s incredibly cost-efficient
Bitwise’s Bitcoin and Ethereum ETF clears first SEC hurdle Cointelegraph SEC Approves Bitwise Spot Bitcoin and Ethereum ETF CoinDesk US SEC Gives Initial Approval to Combined Bitcoin, Ether ETF Bloomberg SEC authorizes NYSE to trade Bitwise’s hybrid Bitcoin-Ethereum ETF Crypto Briefing US SEC approves Bitwise’s combined Bitcoin and Ethereum ETF The Block
The Australian Dollar recovers its daily losses as the US Dollar edges lower. The Australian Dollar faces challenges amid the increased likelihood of the RBA rate cut in February. Traders await US Personal Consumption Expenditures (PCE) data later on Friday. The Australian Dollar (AUD) attempts to halt its losing streak against the US Dollar (USD) on
Traders work at the New York Stock Exchange on Jan. 30, 2025. NYSE Stock futures edged higher Thursday night as investors analyzed earnings reports from Apple and other well-known companies ahead of the release of a closely followed inflation report. Futures tied to the S&P 500 ticked higher by 0.1%, while Nasdaq 100 futures gained
Major stock indexes rose Thursday in a broad-based rally as investors reacted to a barrage of earnings reports from major companies and important economic indicators. The Dow Jones Industrial Average and S&P 500 closed 0.4% and 0.5% higher, respectively, while the tech-heavy Nasdaq Composite added 0.3%. Stocks were coming off a down session on Wednesday, when the Federal Reserve
By PYMNTS | January 30, 2025 Deutsche Bank plans to continue cutting costs by reducing headcount, adding technology and possibly closing business units, executives said Thursday (Jan. 30). “We are determined to make this bank more efficient, and that means changing how we do things,” Deutsche Bank CEO Christian Sewing said in prepared remarks for
CNN — Salwan Momika, an Iraqi man who sparked outrage by staging Quran-burning protests in Sweden in 2023, has been shot dead, according to Swedish authorities. A spokesperson for Sweden’s prosecutor’s office confirmed to CNN that Momika was shot dead in capital city Stockholm on Wednesday. Stockholm police told CNN that five people had been
The senators who’ll make Trump sweat over RFK Jr. and Gabbard votes Axios Trump’s Cabinet nominees face sharpest bipartisan grilling to date and other takeaways from Thursday’s confirmation hearings CNN Five Takeaways from Tulsi Gabbard and Kash Patel hearings BBC.com Conspiracies, espionage, an enemies list: Takeaways from a wild day of confirmation hearings The Associated Press