Byron Allen is putting his broadcast TV stations up for sale. Allen Media Group said on Monday it has retained investment bank Moelis & Co. to sell its group of 28 owned and operated broadcast TV stations, which are affiliated with ABC, NBC, CBS and Fox in 21 markets across…
The EUR/USD exchange rate will be in the spotlight this week as the European Central Bank (ECB) delivers its interest rate decision and as the US publishes its nonfarm payrolls (NFP) data on Friday. It was trading at 1.1371 on Monday, 1.6% below the highest point this year.ECB decision and…
Shaun Maguire, partner at Sequoia Capital, has expressed resounding confidence in SpaceX, calling it a once-in-a-generation company that is pushing the boundaries of what’s possible in aerospace.In a recent conversation with CNBC, Maguire reflected on Sequoia’s high-conviction investment in Elon Musk’s space venture and emphasized its transformative impact on the…
Wedbush analyst Dan Ives believes the AI boom will charge ahead at full throttle in the back half of 2025.Trump tariffs and their potential impact on the global economy have sparked concerns of a potential artificial intelligence slowdown in recent months.However, Ives remains convinced that tariffs will fail at stopping…
Bitcoin (BTC) maintained its position above the $105,000 mark as the Asian business week commenced, demonstrating relative stability over the weekend with minimal price movement and compressed trading volumes. While the broader market sentiment remains bullish, a new report from on-chain analytics firm CryptoQuant suggests certain metrics are indicating the…
European stock markets commenced the trading week on a weaker footing Monday, retreating from recent gains as fresh tariff pronouncements from US President Donald Trump threatened to reignite global trade tensions. The cautious sentiment permeated most sectors, with particular pressure on steel and automotive stocks, while investors also looked ahead…
Social media platform X, under the ownership of Elon Musk, is introducing a new messaging feature dubbed ‘XChat’, which Musk claims will incorporate “Bitcoin-style encryption.” This development, alongside a forthcoming payments feature called X Money, signals X’s continued ambition to evolve into an “everything app,” though Musk’s specific technical claims…
Nvidia Corp (NASDAQ: NVDA) has been in a sharp uptrend ever since the White House agreed to a 90-day trade truce with China.Plus, the artificial intelligence behemoth recently reported its financial results for the first quarter that topped Street estimates and issued upbeat guidance for the future, further boosting confidence…
Wedbush senior analyst Dan Ives says Waymo isn’t the best name for exposure to the global race towards autonomous vehicles.Despite the buzz around Alphabet’s self-driving unit, Ives argues that Tesla Inc (NASDAQ: TSLA) scale, engineering depth, and Musk’s renewed focus make it the better long-term investment than Waymo.TSLA chief executive…
A wave of apprehension swept through most Asia-Pacific financial markets on Monday, with major indices closing predominantly lower after US President Donald Trump announced a significant escalation in trade protectionism by declaring he would double tariffs on steel imports to 50%. This move, effective from Wednesday, reignited concerns about global…