U.S. stocks closed higher on Friday with the Dow Jones rising 518 points (1%) and the S&P 500 and Nasdaq up 0.4%, but weekly losses ended three-week winning streaks amid Treasury market volatility. Treasury Secretary Scott Bessent's bond buyback expansion provided only brief relief as yields quickly returned to elevated levels, signaling ongoing market uncertainty. Bitcoin surged to $77,000, marking its strongest weekly gain in two years, as investors sought alternatives amid equity market weakness. Attention now shifts to Nvidia's upcoming earnings and the Federal Reserve's Jackson Hole Symposium for clues on future market direction.
Nvidia has surpassed Apple in the holdings of every S&P 500 index fund, reflecting a significant change in investment trends within these funds. This shift highlights growing investor confidence in Nvidia's growth potential and the tech sector's evol...
Micron has committed to investing $10 billion over the next decade to build a new research laboratory, with construction starting in 2027. This significant investment highlights Micron's focus on advancing technology and innovation in its field. The ...
Trinity Capital (TRIN) showed strong performance with a record $619 million in Q2 fundings and 36% growth in assets under management, supported by disciplined underwriting and low non-accruals indicating solid credit quality. The company offers a 12%...
The Sandbox identified and contained a vulnerability in its cross-chain bridge on Base and BNB Smart Chain that allowed an attacker to mint unbacked SAND tokens. The incident affected less than 0.01% of the total 3 billion SAND supply, with no user w...
During a Newsmax interview, Vice President JD Vance was asked about using XRP and other cryptocurrencies to offset the US national debt, which exceeds $40 trillion. Vance did not confirm any plans to use XRP or other digital assets for debt repayment...
