Category: Markets

OpenAI is reportedly shifting its first AI hardware project to Foxconn Technology Group, also known as Hon Hai Precision Industry Co., Ltd (OTC:HNHAF), as it accelerates plans to launch a Jony Ive–designed consumer device. OpenAI Shifts Manufacturing Away From China OpenAI has moved production of its first AI-powered consumer device from Luxshare to Foxconn, largely…

Investors with a lot of money to spend have taken a bearish stance on NVIDIA (NASDAQ:NVDA). And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don’t know. But when something…

Gold Spot U.S. Dollar surged to a new record high this week, trading at $4,497.82 per ounce and testing the psychological $4,500 barrier, triggering a significant quantitative breakout for three prominent gold-linked stocks. Breaking Into The Top Decile Alamos Gold Inc. (NYSE:AGI), OR Royalties Inc. (NYSE:OR), and Wheaton Precious Metals Corp. (NYSE:WPM) have all surged…

Bridgewater Associates founder Ray Dalio warns that Bitcoin (CRYPTO: BTC) could be “cracked and controlled” by governments—a vulnerability he says doesn’t exist with gold. Dalio Questions Bitcoin’s Security Premise In a preview of the upcoming “WTF is Finance” podcast, Dalio said that Bitcoin’s transaction transparency creates a fatal flaw. “One can monitor what the transactions…

Whales with a lot of money to spend have taken a noticeably bullish stance on JPMorgan Chase. Looking at options history for JPMorgan Chase (NYSE:JPM) we detected 20 trades. If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 40% with…

In today’s rapidly evolving and fiercely competitive business landscape, it is crucial for investors and industry analysts to conduct comprehensive company evaluations. In this article, we will undertake an in-depth industry comparison, assessing Meta Platforms (NASDAQ:META) alongside its primary competitors in the Interactive Media & Services industry. By meticulously examining crucial financial indicators, market positioning,…

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk says that the automaker will receive a regulatory boost from Chinese authorities next year amid the EV giant’s autonomous push. Check out the current price of TSLA here. FSD Could Receive Full Approval Next Year Musk, during Tesla’s annual shareholder meeting on Thursday, shared that he expects Chinese regulators…

Tesla Inc. (NASDAQ:TSLA) has reportedly agreed to a $2 billion deal with South Korea’s Samsung SDI. Check out the current price of TSLA here. $2 Billion Deal Over 3 Years The EV giant will pay Samsung SDI $2 billion over the next three years to supply energy storage system (ESS) batteries, Reuters reported on Monday,…

MediciNova Inc. (NASDAQ:MNOV) shares surged 87.39% to $2.23 in after-hours trading on Thursday. Check out the current price of MNOV stock here.  Publication Announcement The California-based biopharmaceutical company said on Thursday that its research was published in the Journal of Atherosclerosis and Thrombosis, the official publication of the Japan Atherosclerosis Society and the Asian Pacific…

The Official Trump (CRYPTO: TRUMP) coin has jumped over 35% in a week after breaking above a long-term descending trendline. The move comes as optimism over a potential U.S.–China trade deal lifted sentiment across risk assets. Trump Organization’s $802M Crypto Boom Adds Momentum A Reuters investigation estimated the Trump Organization earned $802 million from cryptocurrency…