Nvidia's CEO Jensen Huang revealed that the company's revenue in China was slashed in half due to export controls, shedding light on the significant impact of trade restrictions on the tech giant's business operations in the Chinese market.
Amid escalating trade tensions and concerns about slowing growth, a rare inversion of the yield curve, with long-term rates dipping below short-term rates, has flashed a warning signal about a potential recession, though solid economic data suggests it may not be imminent.
Markets were rattled as stocks and bitcoin plummeted due to fears surrounding President Trump's tariff plans, his aggressive cost-cutting mission, declining consumer confidence stemming from inflation worries, and the increasing alignment of cryptocurrency markets with traditional markets.
Consumer confidence plummeted in February to its lowest level since mid-2024, with the Expectations Index signaling recession fears as Americans grew increasingly pessimistic about the economic outlook, citing concerns over slowing growth and surging inflation.
Perplexity AI, a pioneering AI venture firm, has unveiled an ambitious $50 million fund to catalyze the burgeoning AI startup ecosystem, poised to serve as an anchor investor for promising pre-seed and seed-stage AI companies across the United States, with seasoned investors Kelly Graziadei and Joanna Lee Shevelenko at the …
In a stunning $93M hacking scheme, Russian tech exec Vladislav Klyushin was arrested, convicted, and later swapped in a prisoner exchange after hacking financial firms for insider trading.
In a shocking blow to the crypto world, hackers pulled off the largest digital heist ever, siphoning a staggering $1.5 billion worth of cryptocurrencies from Bybit exchange's ultra-secure cold wallet, swiftly dispersing the stolen funds across numerous wallets and platforms.