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Nvidia shares rose on Thursday after the chip giant’s revenue guidance reassured investors that AI demand will remain strong.Shares were last up 7.2% in premarket trading. Investor bullishness suggests Nvidia could buck the trend of its stock dropping the day after reporting earnings in all of the previous four quarters, despite meeting or beating estimates.Chip stocks rallied following Nvidia earnings. Micron rose 4.5%, Marvell 5.7%, Arm 4.7%, Intel 3% and AMD 1.7%. Shares of neocloud firms also rose, with Nebius and CoreWeave up around 7.5% and 6% in premarket trading, respectively.Nvidia CFO Colette Kress said on Wednesday that the company…

Burnham recognises rising energy bills are ‘difficult for people’Andy Burnham has said rising energy bills are “difficult” for people after Ofgem raised its price cap by 4% to a three-year high and analysts forecast a further 9% hike from January.Speaking to reporters from a supermarket in London, the prime minister said: double quotation markIt’s difficult for people and I recognise that. But it’s why, within days of taking office, I announced that we would remove VAT off electricity bills to give people that little bit of help. That kicks in from October. We know the price cap will have an…

The Bank of Thailand (BoT) has held rates as expected, while economists maintained their expectation that the bank would remain on an extended pause.Don Nakornthab, the secretary of the BoT’s monetary policy committee, said via a release today (August 26) that it had voted unanimously to keep its benchmark rate at 1%, a level at which it has been set since February. The move had been expected by all 24 economists polled by Bloomberg ahead of the decision.Nakornthab said the rate hold had been Only users who have a paid subscription or are part of a corporate subscription are able…

Despite the retreat, ADA still ranks among the 20 largest cryptocurrencies. Cardano’s native token has been on a tear over the past several days, but its rally stalled today (August 26) as the broader market pulled back a bit. While most analysts remain bullish on the asset, some believe a double-digit decline from the current levels could also be on the horizon. Bulls vs. Bears ADA has soared by 22% over the past two weeks, following the market’s revival prompted by the monetary changes announced by the US Treasury Department, among other factors. At one point, the asset rocketed…

Nike and Dick’s Sporting Goods are likely to struggle near term as the footwear market weakens, according to Truist Securities. The bank downgraded both the apparel giant and Foot Locker owner to hold from buy. It lowered its price target on Dick’s to $135 from $270, suggesting nearly 9% upside from Tuesday’s close. Truist also cut its target on Nike to $42 from $47, or 6% above the price at which shares last closed. “We were previously more optimistic … but we now see headwinds as too severe,” analyst Joseph Civello said Wednesday in a note to clients. The downgrades…

Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxRevolut has launched its first stablecoin as part of plans to expand its cryptocurrency services.The euro-denominated token, called EURR, is designed to maintain a value of €1.It is issued by payments infrastructure provider Bridge and integrated into the Revolut app.Eligible customers can use EURR across supported crypto services, external wallets and blockchain networks.The token offers a euro-based alternative to stablecoins pegged to the US dollar.Revolut will begin rolling out EURR in phases this month, starting with customers in Denmark, Poland and Portugal.The company plans to expand availability to…

Key PointsBoth Anthropic and OpenAI filed confidential S-1s in June, indicating that they’re planning IPOs in the not-too-distant future. OpenAI’s CFO recently indicated that its IPO won’t take place until 2027, as the company raised $122 billion in fresh capital earlier this year and isn’t in any hurry. On the other hand, Anthropic, the company behind the Claude AI tools, is reportedly targeting a public debut later this year, and at an eye-popping valuation. In fact, if the reports are accurate, Anthropic could surpass SpaceX as the largest IPO of all time.Missed Nvidia in 2009? This Rare Signal Is Flashing…

The S&P 500 Index ($SPX) (SPY) closed up by +0.32% on Tuesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed up by +0.30%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.64%.  E-mini S&P futures (ESU26) rose +0.30%, and September E-mini Nasdaq futures (NQU26) rose +0.63%.Stock indices settled higher on Tuesday, supported by weakness in crude oil prices, which sent bond yields lower.  WTI crude oil fell more than -3% on Tuesday, easing inflation expectations and knocking the 10-year T-note yield down by -6 bp to 4.64%.  Crude prices tumbled on Tuesday on a news report that the US would be returning…

A Boeing 737 MAX 10 fuselage is pictured during the opening ceremony for the company’s new North Line assembly line, which will produce 737 MAX aircraft, at the Boeing Everett Factory in Everett, Washington, on July 10, 2026. Jason Redmond | Afp | Getty ImagesIn August 2018, the then-president and now CEO of United Airlines Scott Kirby told a room of reporters at an aviation conference in Denver about the airline’s big plans for the new Boeing 737 Max 10: lie-flat, premium seats and a host of profitable, transcontinental routes.The plane was supposed to start flying in 2020.Hundreds of those…

Blockchain analytics firm Chainalysis said a global operation it led identified more than 7,700 suspect accounts linked to child sexual abuse material (CSAM).According to a Tuesday press release shared with Cointelegraph, Operation Lighthouse investigated 29,120 crypto addresses and digital identifiers connected to over 100 CSAM platforms, forums and distribution networks across the surface and dark web. The operation also generated 14,300 investigative leads across 11 crypto exchanges and payment services and flagged suspects across 125 countries. Among the suspects identified were 16 registered sex offenders.Tom McLouth, senior intelligence analyst at Chainalysis, said the suspect pool also included military personnel, law…