Category: Markets

SoftBank Group subsidiary Arm Holdings (NASDAQ:ARM) CEO Rene Haas believes that analysts have underestimated the pace at which artificial intelligence is advancing. What Happened: Haas made these comments during an interview with Yahoo Finance’s Market Domination Overtime on Monday. He pointed out that AI will significantly change people’s lives and that 70% of the world’s…

Solana (CRYPTO: SOL) defied the slump in blue-chip currencies to emerge as the best-performing large-cap cryptocurrency in the last 24 hours. What Happened: The fifth-largest coin by market valuation jumped more than 8% on a day where Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) bled significantly. SOL’s trading volume surged 156% to $3.5 billion, catapulting…

Netflix Inc. (NASDAQ:NFLX) has updated its famous “keeper test” in its culture memo, a tool used to identify and remove underperforming employees. What Happened: The “keeper test” is a method used by Netflix managers to determine whether they would fight to retain an employee. If the answer is no, the employee is let go. This…

Novo Nordisk A/S (NYSE:NVO) is set to invest $4.1 billion in expanding its U.S. manufacturing operations to meet the increasing demand for its weight loss drugs. What Happened: The Danish pharmaceutical company plans to build a new 1.4 million square foot manufacturing plant near Raleigh, North Carolina, doubling its size, the company said in a…

Memecoins turned out to be the saviors of a besieged cryptocurrency market Monday, as dogwifhat, Floki, and Bonk defied the broader market sell-offs to emerge as the biggest gainers.  What Happened: A searing rally saw Solana (CRYPTO: SOL)-based WIF and BONK, along with Ethereum (CRYPTO: ETH)-based FLOKI, pump dramatically during the day, reversing the week-long…