Technology stocks tumbled sharply Friday as the Nasdaq headed for its worst week in a year. Nasdaq Inc. shed nearly 2% in afternoon trades, as Nvidia, Micron and Sandisk fell. Tech behemoths like Amazon and Google edged lower.
Technology stocks tumbled sharply Friday as the Nasdaq headed for its worst week in a year. Nasdaq Inc. shed nearly 2% in afternoon trades, as Nvidia, Micron and Sandisk fell. Tech behemoths like Amazon and Google edged lower.
Meta Platforms ( META ) traded lower in late Friday action after it was reported by FT that the company is considering raising tens of billions of dollars in a stock sale. The need for Meta ( META ) to raise funds is not a shocker after Meta ( META ) disclosed that it now expects to spend up to $145B on capital expenditures in 2026, with the vast majority aimed at AI and data-center infrastructure...
Meta Platforms ( META ) traded lower in late Friday action after it was reported by FT that the company is considering raising tens of billions of dollars in a stock sale. The need for Meta ( META ) to raise funds is not a shocker after Meta ( META ) disclosed that it now expects to spend up to $145B on capital expenditures in 2026, with the vast majority aimed at AI and data-center infrastructure. The capex tally represents roughly a doubling of 2025 capex and has become a central point of debate on the stock. Shares of Meta Platforms ( META ) were down 6.6% at 2:22 p.m. and were swapping hands as low as $584.95. The 52-week high for META is $796.25. More on Meta Meta's Rerating Path Remains Clouded (Rating Downgrade) Meta Platforms: The Market Is Missing What Nvidia Just Confirmed Meta: The 'Zuckerberg Discount' May Soon Turn Into A Premium Meta delays Muse Spark AI API release due to bugs, infrastructure issues: WSJ Meta Platforms launches Business Agent across messaging apps
In October 2025, Bitcoin (CRYPTO: BTC) reached an all-time high of $126K after rallying 716% from its 2022 low near $15,500. Today, it trades around $60K, roughly 52% below that peak, with spot Bitcoin ETFs bleeding capital for 13 straight trading days and the broader crypto market in full retreat. So did that October 2025 ... Will 2027 Be a Bad Year for Bitcoin?
In October 2025, Bitcoin (CRYPTO: BTC) reached an all-time high of $126K after rallying 716% from its 2022 low near $15,500. Today, it trades around $60K, roughly 52% below that peak, with spot Bitcoin ETFs bleeding capital for 13 straight trading days and the broader crypto market in full retreat. So did that October 2025 ... Will 2027 Be a Bad Year for Bitcoin?
Meta is considering raising tens of billions of dollars in a stock offering as it seeks new sources of capital to fund the company's AI ambitions, the Financial Times reported on Friday.
Meta is considering raising tens of billions of dollars in a stock offering as it seeks new sources of capital to fund the company's AI ambitions, the Financial Times reported on Friday.
Trump administration has asked DC circuit court of appeals to reverse lower court decision which blocked construction of $400m ballroom No court has the authority to halt construction of Donald Trump’s White House ballroom and a secure underground facility, a Department of Justice lawyer has argued, suggesting only US Congress had the power to stop the project. The Trump administration has asked t...
Trump administration has asked DC circuit court of appeals to reverse lower court decision which blocked construction of $400m ballroom No court has the authority to halt construction of Donald Trump’s White House ballroom and a secure underground facility, a Department of Justice lawyer has argued, suggesting only US Congress had the power to stop the project. The Trump administration has asked the Washington DC circuit court of appeals to reverse a lower court decision which blocked construction of a $400m ballroom on the site of the White House’s demolished East Wing. Construction of a secure bunker for staff underground at the site was allowed to proceed while the dispute between Washington DC preservationists and the White House continues. Continue reading...
Nvidia (NASDAQ: NVDA) has been one of the best-performing stocks in the artificial intelligence (AI) era, which isn't surprising, as its chips have been instrumental in the training of large language models (LLMs) over the years. An investment of $1,000 made in Nvidia stock three years ago is now worth more than $5,400. The good news for Nvidia investors is that its growth continues to accelerate....
Nvidia (NASDAQ: NVDA) has been one of the best-performing stocks in the artificial intelligence (AI) era, which isn't surprising, as its chips have been instrumental in the training of large language models (LLMs) over the years. An investment of $1,000 made in Nvidia stock three years ago is now worth more than $5,400. The good news for Nvidia investors is that its growth continues to accelerate. This was evident from Nvidia's latest quarterly report . However, the stock's returns have been lukewarm so far this year, with shares gaining just 14% despite the consistently solid growth that Nvidia has been clocking. There are a few reasons this may be the case, such as rising competition in AI chips and concerns about Nvidia's ability to deliver further upside after becoming the largest company in the world. However, the market may be making a big mistake by viewing Nvidia's AI prospects in isolation. It has been expanding its wings in AI by investing in other companies that are playing a critical role in this space. Continue reading
One of the world's biggest data center projects was designed to be nearly three times the size of Manhattan, stretching across multiple Utah sites. But intense local backlash in Box Elder County has now pushed the developer to cut the project plans in half before construction starts. Residents' top concern was the Stratos data center project draining local waters, and they were willing to pay to p...
One of the world's biggest data center projects was designed to be nearly three times the size of Manhattan, stretching across multiple Utah sites. But intense local backlash in Box Elder County has now pushed the developer to cut the project plans in half before construction starts. Residents' top concern was the Stratos data center project draining local waters, and they were willing to pay to protect them, most especially the vulnerable Great Salt Lake. Many locals paid a $15 fee to register comments to block the transfer of 1,900 acre-feet of water from a ranch to the hyperscale data center. Other concerns include electricity bills rising and potential risks to air quality, local wildlife, and land. Venture capitalist Kevin O'Leary, chair of O'Leary Digital and Shark Tank investor, is behind the construction of the project. He told a local ABC affiliate that he regrets not working with state officials to be more transparent about the project from the beginning. Read full article Comments
Pouria Zeraati of Iran International TV was stabbed three times outside his London home in attempt to ‘silence’ him Two men have been found guilty of involvement in a targeted knife attack on an Iranian journalist in London said to have been carried out on behalf of the regime in Tehran. Pouria Zeraati, a British journalist of Iranian origin, was working for Iran International, a Farsi-language di...
Pouria Zeraati of Iran International TV was stabbed three times outside his London home in attempt to ‘silence’ him Two men have been found guilty of involvement in a targeted knife attack on an Iranian journalist in London said to have been carried out on behalf of the regime in Tehran. Pouria Zeraati, a British journalist of Iranian origin, was working for Iran International, a Farsi-language dissident broadcaster, when he was stabbed in the leg outside his west London home in 2024. Continue reading...
Good news is bad news again, and Wall Street is having one of those days. A blowout jobs report landed Friday morning, and stocks responded by doing the opposite of what you might expect. The Nasdaq Composite (NASDAQINDEX: ^IXIC) index dropped nearly 3% by 1:18 p.m. ET, the S&P 500 (SNPINDEX: ^GSPC) fell 1.8%, and even the stodgy Dow Jones Industrial Average (DJINDICES: ^DJI) slipped 0.8%. The tec...
Good news is bad news again, and Wall Street is having one of those days. A blowout jobs report landed Friday morning, and stocks responded by doing the opposite of what you might expect. The Nasdaq Composite (NASDAQINDEX: ^IXIC) index dropped nearly 3% by 1:18 p.m. ET, the S&P 500 (SNPINDEX: ^GSPC) fell 1.8%, and even the stodgy Dow Jones Industrial Average (DJINDICES: ^DJI) slipped 0.8%. The technology sector bore the brunt of the damage, dropping 4.3%, while defensive sectors including consumer staples, healthcare, and utilities posted gains. 172,000 new jobs is the kind of economic strength that makes investors nervous. Continue reading
Happy Friday. It’s Liana Baker, Paula Sambo and Mathieu Dion bringing you the highlights from a finance conference from the Paris of North America this week. Plus, we have more SpaceX IPO news ahead of the hotly anticipated listing next week. Today’s top stories SpaceX IPO draws more orders than shares available. Chinese investors barred from buying into SpaceX IPO. LS Power nears deal for EDF’s A...
Happy Friday. It’s Liana Baker, Paula Sambo and Mathieu Dion bringing you the highlights from a finance conference from the Paris of North America this week. Plus, we have more SpaceX IPO news ahead of the hotly anticipated listing next week. Today’s top stories SpaceX IPO draws more orders than shares available. Chinese investors barred from buying into SpaceX IPO. LS Power nears deal for EDF’s American renewables arm. Anthropic president cites high computing costs as IPO driver. Hillhouse close to buying minority stake in UK’s LRQA. Making money in Montreal In 1993, a 29-year-old Wall Street trader named Ira Sohn died of cancer. His friends and family decided they didn’t want to honor his legacy with just another fundraising dinner so they came up with something new: Investors would pitch trades in punchy 15 minute “ best idea ” presentations and the audience would pay to listen. The sessions could help attendees make money while also raising funds for childhood cancer. The concept struck a chord and over the past 30 years, the organization has raised more than $150 million globally from New York to Hong Kong. Last year, Aaron Stern, the founder and CIO of Converium Capital, a hedge fund focused on distressed situations, decided to bring the conference to his hometown of Montreal. Stern, who started his career in Credit Suisse’s levfin group before running non-US activist campaigns at Fir Tree, had been a serial presenter at editions since 2016, when Oasis Management’s CIO Seth Fischer first invited him to present. This year’s event, taking place on Thursday in downtown Montreal, raised C$1.4 million ($1 million)—up from C$1.27 million last year—for local pediatric hospitals. “Both years we had a capacity room, couldn’t have any more,” Stern said in an interview on the sidelines. “What we try to do each year is have a variety of speakers from different backgrounds, different places and different styles.” Ira’s brother, Evan Sohn, kicked off the agenda in the morni...