Foreign crypto miners could be spying on US bases: Elizabeth Warren
Senator Warren has lambasted foreign-owned crypto miners in the country, saying they’re loud and hot and “suck up a ton of electricity, which can crash the power grid.”
Senator Warren has lambasted foreign-owned crypto miners in the country, saying they’re loud and hot and “suck up a ton of electricity, which can crash the power grid.”
Republican Senator Roger Marshall has withdrawn as a cosponsor for an anti-crypto bill he co-created with Senator Elizabeth Warren in 2022.
The American labor union has been trying for 18 months to get a clause preventing publishers from making AI-generated versions of their actors’ work without their consent.
Interpol has issued red notices for Wong Ching-kit and his accomplice, Mok Tsun-ting, on charges of fraud, theft, and money laundering.
The spread between 10- and 2-year Treasury yields reached its least-negative level in two years on Wednesday, helped by traders’ expectations that the Federal Reserve needs to start cutting interest rates.
Citi highlighted the Japanese yen's major support level against the US dollar, noting that the USDJPY pair had maintained its position above the 152 mark. This level was...
The tech sector (XLK) has begun to see a sell-off after reaching record heights and, more recently, seeing disappointing quarterly results from tech giant Alphabet (GOOG, GOOGL). Should investors stay locked in or start to broaden out to other opportunities? Verdence Capital Advisors CIO Megan Horneman joins Morning Brief to give insight into the recent sell-off of AI stocks and what investors need to keep in mind for their portfolios moving forward. Horenman affirms: "I think right now the best thing to do is take a look at your portfolios. We think volatility is going to accelerate through the rest of this year. It's going to present some opportunities for investors to get back into areas of the market that have been unloved. You know, small caps. We could talk about that. Small and mid-caps have had a little bit of a rebound here lately. But from a relative attractiveness, they're very cheap compared to large cap." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
The Fed's hopes of a soft landing for the U.S. economy got a major boost this week.
Chip stocks continue their sector-wide slide, following a tech sell-off triggered by disappointing reports from some Magnificent 7 companies. Moor Insights & Strategy founder, CEO, and chief analyst Patrick Moorhead joins Morning Brief to discuss the semiconductor industry's current state. Moorhead observes that due to the chip sector's strong momentum over the past year, "any hiccup, any rumor of something" can trigger a stock decline. He suggests this downturn presents an opportunity for investors to identify potential high-growth companies beyond industry giants like Nvidia (NVDA), Broadcom (AVGO), and Intel (INTC). Moorhead advises investors to "look at a mid-term and even... long-term approach of where those stocks are going or could go," highlighting companies such as Qualcomm (QCOM). Regarding industry trends, Moorhead notes that many companies are pivoting towards AI, often at the expense of other initiatives. "They want their IT groups to pivot to generative AI. And a lot of this is about FOMO, it's the fear of missing out," he explains. This shift in focus is creating a divide in the market: "That's why you see companies that aren't engaged in the generative AI wave are seeing very mixed results." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
- The U.S. dollar slipped lower Thursday, the euro posted small gains while the Japanese yen climbed to multi-month highs ahead of next week's Bank of Japan...