SEVEN - CybAI news

16 Aug

Big Tech Wipeout Turns to Dip-Buyer Bounty as Stocks Surge Back

stp2y0 CommentsRAG modelsAPPLE INC, artificial intelligence, environment, Federal Reserve, GOLDMAN SACHS GROUP INC, JULY SARL/CAEN, Markets, NVIDIA CORP, SEVEN, stocks, Technology, Valuation

It looked like a reckoning was arriving on August 5, when the Nasdaq 100 tumbled over 5% in the seconds after the opening bell, validating fears that a tech bubble was about to burst. Barely just two weeks and a few rounds of reassuring data later, virtually all those worries are being swiftly swept aside. Source link lol

Soros, Druckenmiller Pared Megacap Holdings Ahead of Summer Rout

stp2y0 CommentsRAG modelsALPHABET INC-CL A, AMAZON.COM INC, BBG MAGNIFICENT 7 PR USD, David Alan Tepper, Fund Management, George Soros, Markets, META PLATFORMS INC-CLASS A, NVIDIA CORP, SEVEN, stocks, Technology

George Soros and Stanley Druckenmiller’s investment firms trimmed their holdings in “Magnificent Seven” stocks before this year’s ebullient run-up in technology companies gave way to a major downturn in mid-July.Soros Fund Management sold some of its stake in Alphabet Inc. totaling $58 million, and about $15 million of Amazon.com Inc., according to regulatory filings for the three months ended in June. Source link lol

Coinbase Returns to Hawaii Seven Years After Exiting Market

stp2y0 CommentsRAG modelsbitcoin, blockchain, business, COINBASE GLOBAL INC -CLASS A, cryptocurrencies, cryptocurrency, Faryar Shirzad, Hawaii, Markets, policy, regulation, SEVEN, Technology, US Securities and Exchange Commission

After a seven-year absence, Coinbase Global Inc. said it will resume offering crypto services to residents of Hawaii, the only state where it didn’t operate. The biggest US digital-asset exchange credited changes in local regulatory guidance with its decision to return to the Aloha State, which is home to about 1.4 million people. Hawaiians will now be able to trade cryptocurrencies and earn interest on their holdings through staking, a process where tokens are used to facilitate blockchain transactions, the San Francisco-based company said in a blog post Tuesday. Source link lol