U.S. stock-index futures showed little change on Sunday, with Dow futures down about 0.1% and S&P 500 and Nasdaq futures falling slightly. This comes as Wall Street tries to continue its recent record-setting rally, driven largely by strong tech stock performance, with the S&P 500 gaining over 16% in the past two months. Meanwhile, Bitcoin traded around $74,000, down about 5% over the past week. Investors are watching closely to see if the momentum in stocks can sustain into June.
The US Department of Commerce has closed a loophole that allowed advanced AI chips from Nvidia and AMD to be exported to Chinese companies operating outside China, such as in Malaysia. This move strengthens US efforts to restrict China's access to cr...
Apple has postponed the release of its highly anticipated AI smart glasses to late 2027, pushing back from an earlier expected launch in early 2027. The delay is attributed to development challenges, despite strong support from outgoing CEO Tim Cook ...
This week saw increased volatility in crypto markets as Bitcoin pulled back and ETF outflows dampened sentiment. Investors grew cautious due to macroeconomic and geopolitical uncertainties, triggering heavy liquidations. Despite this, select altcoins...
Cango Inc. reported a net loss of $261.1 million in Q1 2026 due to Bitcoin price declines impacting asset values and mining equipment impairments. Revenue totaled $102 million, mainly from Bitcoin mining, but decreased 43% from the previous quarter a...
Meta, the parent company of Facebook and Instagram, has laid off more than 2,400 employees across its Menlo Park and Sunnyvale offices as part of a workforce reduction announced in April. The layoffs primarily affected software engineers working on A...
