Super Micro Computer, one of the hottest AI plays alongside Nvidia, tumbles on share offering
Shares of Super Micro Computer have surged more than 900% over the past year as Wall Street looks for stocks to play the artificial intelligence trend.
Fed could cut rates fewer times than expected as economy keeps growing, according to CNBC survey
The average probability of a soft landing was 52%, up from 47% in the January CNBC Fed survey.
The Bank of Japan just made a historic rate pivot. Here’s what could happen next
The decision Tuesday sparked a sharp selloff in the Japanese yen, sinking to more than 150 yen to the dollar.
Bitcoin briefly slumps below $63,000 after topping a record $73,000 last week
The benchmark cryptocurrency extended its slide on Tuesday, dropping a total of more than $10,000 or almost 14% from its all-time high last week.
Ferrari boss promises ’emotion’ won’t be lost in EV engine roar
Ferrari CEO Benedetto Vigna promised that the luxury carmaker’s new EV will offer drivers the same “unique” experience as its historic combustion engines.
World’s largest pension fund explores bitcoin as an investment
Japan’s government pension fund said it is requesting information on “illiquidity assets” such as bitcoin as part of research into potential new investments.
Grayscale CEO says fees on its bitcoin ETF will drop over time after outflows hit $12 billion
Grayscale’s CEO said that fees on its flagship bitcoin ETF will come down over time, softening an earlier stance defending costlier than market average fees.
AstraZeneca bets on new cancer treatments with $2 billion Fusion Pharma purchase
The deal is AstraZeneca’s second this month after it agreed last week to buy Amolyt Pharma for $1.05 billion to shore up its rare disease portfolio.
‘Glitch’ at Ethiopia’s biggest bank sees customers withdraw millions that isn’t theirs
Ethiopia’s largest bank is struggling to recoup funds after a glitch over the weekend allowed customers to withdraw millions of dollars, according to local media reports.
Unilever to split off its ice cream unit including Ben & Jerry’s
Consumer goods giant Unilever said Tuesday that it is separating its ice cream unit as part of a restructuring plan that will affect 7,500 jobs.
