Bitcoin dropped below $77,000 as rising U.S. Treasury yields and higher oil prices pressured risk assets. The 30-year Treasury yield hit its highest close since 2007, reducing the appeal of non-yielding assets like bitcoin. Despite this, long-term holders remain confident, with nearly 60% of bitcoin inactive for over a year and exchange balances at six-year lows. Investors are watching upcoming events like Nvidia earnings and U.S. inflation data that could impact market sentiment and crypto volatility.
Anthony Scaramucci criticized the US decision to grant China permanent trade relations and WTO membership, saying it allowed China to protect its economy while exporting freely to the US. He argued that China used this advantage to take US technology...
European stock markets are expected to open lower following U.S. President Donald Trump's stern warning to Iran to quickly agree on peace terms or face severe consequences. The FTSE 100, DAX, CAC 40, and FTSE MIB indexes are all projected to decline ...
Novo Nordisk is preparing to launch its Wegovy weight-loss pill outside the U.S. later this year, targeting major international markets like the UK, Germany, and Denmark. The company sees a significant opportunity to expand globally, leveraging teleh...
Sohu.com Limited reported Q1 2026 revenues of $141 million, up 4% year-over-year, driven mainly by a 6% increase in online game revenues to $125 million. However, marketing services revenue declined 8% year-over-year. The company posted a GAAP net lo...
HIVE Digital Technologies' subsidiary BUZZ is investing about CAD 3.5 billion to build one of Canada's largest AI gigafactories in the Greater Toronto Area, targeting completion in late 2027. The facility will have 320 MW of power capacity and host o...
