Bitcoin dropped 2% to around $64,200 as major companies that once supported cryptocurrency are now shifting their focus to artificial intelligence (AI). This shift is causing institutional investors to sell bitcoin to free up liquidity or invest in AI-related trades, leading to a broader market decline of 2% and more coins falling than rising. The move by firms like Strategy and miners such as MARA, which have rebranded around AI, reduces corporate enthusiasm for bitcoin, potentially accelerating liquidations in the coming weeks. Bitcoin currently hovers just above its 50-day moving average, indicating a balance between sellers and buyers, with future price direction hinging on whether this support holds.
Palantir's stock surged from a 52-week low of $106.37 to over $200, driven by strong Q2 earnings and growing demand for sovereign AI. Analysts remain divided, with a 24/7 Wall St. price target of $186, suggesting limited upside after a recent 60% ral...
Columbus McKinnon Corporation has successfully repriced its $1.453 billion Term Loan B and $500 million Revolving Credit Facility, reducing the interest rate margin by 50 basis points. This adjustment lowers the Term Loan B interest rate to SOFR plus...
Eco Wave Power's CEO Inna Braverman will speak at the Futures: Ocean Forum in Rhode Island, highlighting the company's wave energy technology and its potential role in clean energy. The event gathers leaders to discuss ocean innovation and the blue e...
Homerun Resources announced a patent application for a new antimony-free soda-lime-silica glass designed for photovoltaic solar panels and other high-transparency industrial uses. This glass uses a proprietary high-purity silica process and replaces ...
Alex Levy, Chief Information Security Officer at BNSF Railway, has been named the first-ever TIME + Commvault CISO of the Year. Selected from over 200 nominees, Levy was recognized for his innovative leadership in cybersecurity and enterprise resilie...
