The price of bitcoin fell during late afternoon trading Tuesday following a false social media post from the X account of the U.S. Securities and Exchange Commission that stated the agency had approved bitcoin exchange-traded funds for trading.The SEC later deleted the post and said its account on X was…

U.S. and coalition forces under Operation Prosperity Guardian responded Tuesday in the Red Sea to what American officials said was the largest attack to date on merchant vessels by Iranian-backed Houthis.”We are aware of the reports of the incident in the Red Sea,” said a senior Defense Department official, who…

I initiated coverage of Tesla (NASDAQ:TSLA) in March 2023 with a buy-rated article titled Tesla: Electrifying The Earth. Tesla has outperformed the S&P by 10% since then. I followed that up with two articles, one about price cuts and another about Tesla’s ecosystem. Since the ecosystem article, Tesla has outperformed…

BEIJING — Despite pockets of strong growth, China’s investment story has been overshadowed in the last year by longer-term problems and tensions with the U.S.Those uncertainties remain as 2024 kicks off. The country is also navigating new territory as it starts to settle into a lower growth range following the…

Samsung Electronics on Tuesday said it expects to post a 35% drop in operating profit in the fourth quarter of 2023, missing expectations by a wide margin as a rebound in semiconductor prices likely narrowed losses in the South Korean company’s biggest profit-driving segment.Samsung said that for the October-December quarter,…

Over the past year, one of the best-performing names in the market has been Snowflake Inc. (NYSE:SNOW). The cloud-based data platform has seen shares rise by more than 55% as investors have returned to favoring high growth names thanks to interest rates no longer on the rise. However, the huge…

Audacy, the radio and podcast giant, said Sunday it filed plans for Chapter 11 bankruptcy protection in Texas to reduce its debt.The restructuring agreement will allow Audacy to slash its total debt load by 80% to about $350 million from around $1.9 billion, the company said.”Over the past few years,…

Nintendo is likely to release a new Switch console this year, analysts told CNBC, as the Japanese gaming giant looks to capitalize on the interest in its characters ranging from Mario to Zelda.The Nintendo Switch first launched in March 2017 and marked a new type of hybrid console where gamers…

Almost as if a switch was pressed, the NASDAQ Composite (COMP.IND) – which encapsulates almost all Nasdaq-listed stocks – collapsed 1.63% on the first day of trading from the highs of 2023. This was the 4th-worst start to a new year since 1972 and only the 5th time that a…

The Federal Aviation Administration on Saturday ordered a temporary grounding of dozens of Boeing 737 Max 9 aircraft for inspections, a day after a piece of the aircraft blew out in the middle of an Alaska Airlines flight.Images and video of Alaska Airlines Flight 1282 that were shared on social…