Nvidia CEO Jensen Huang dropped a bombshell at CES 2026: the company’s next-generation Vera Rubin AI platform is already in full production. During his Monday keynote, Huang announced that Rubin, a six-chip, extreme-codesigned system built to slash the costs of training and running AI models, is ready for partners this year. The move signals that
Shares of US oil companies surged on Monday, a jump spurred by the potential to gain access to Venezuela’s massive oil reserves. Shares of Chevron, the sole US major currently operating in Venezuela’s oil fields, saw a 6.5% jump in premarket trading, according to a Reuters report. Meanwhile, refiners such as Marathon Petroleum, Phillips 66,
Bitcoin miner Bitfarms is preparing to leave Latin America after agreeing to sell its remaining site in Paraguay, marking a decisive shift in its geographic and operational priorities. The move reflects a broader reassessment of where mining companies deploy capital as they balance volatile crypto prices with rising energy and infrastructure demands. By monetising assets
Luxury goods companies are facing renewed pressure on profitability after a sharp rise in discounting during 2025, as consumers increasingly question the value of high-end products following years of aggressive price increases. Industry data shows that as much as 40% of luxury goods were sold at discounted prices last year, undermining margins across the sector,
Shares of furniture retailers with significant exposure to US imports rose in premarket trading after President Donald Trump delayed planned tariff increases on several key home goods categories, offering temporary relief to a sector grappling with weak consumer demand and cost pressures. Late on Wednesday, Trump signed a proclamation postponing higher tariffs on upholstered furniture,
Looking ahead to 2026, Bitcoin price forecasts present a sharp divide between institutional optimism and cautionary signals from historical chart patterns. While major banks and crypto-native firms continue to predict higher prices driven by structural shifts in the market, technical indicators suggest the risk of a prolonged drawdown remains significant. Institutional forecasts temper optimism Following
US jobless applications fell to 199,000 in the week ending December 27, marking the lowest reading in weeks. The figure signals that employers remain reluctant to cut payrolls despite economic uncertainties approaching the year’s end. The unexpected decline, down 16,000 from the previous week’s revised 215,000, underscores a labor market characterised by minimal layoff activity,
The market performance of altcoins during 2025 followed Bitcoin because investors chose to invest in digital assets that operated under established frameworks and demonstrated practical applications. The TradingView data shows Bitcoin experienced a 7% year-to-date decline because of an early-October market downturn, which also caused altcoin market capitalization to drop by 46% from its highest
Bitcoin investors are looking ahead to the new year with cautious optimism after a volatile 2025. Despite recent turbulence, Cory Klippsten – the chief executive of Swan Bitcoin – believes the digital asset is poised for a sharp rally over the next 12 months. Speaking recently with CNBC, Klippsten argued that BTC’s adoption curve, institutional
India’s small-cap stocks had a year to forget in 2025. Even though India’s large caps managed to put up a decent showing, the small caps suffered after a strong run in the last 2 years. High valuations, earnings misses added to its woes. Most of the stocks are trading below their 52-week highs as well.