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Nvidia tumbled 9.5% on Tuesday in the deepest ever single-day decline in market value for a U.S. company, as investors softened their optimism about artificial intelligence in a broad market selloff following tepid economic data. Nvidia lost $279 billion in market capitalization, a major indication that investors are becoming more cautious about emerging AI technology that has fueled much of this year's stock market gains.

Wall Street posted its worst day since the Aug. 5 rout, as weak US data and falling oil prices raised concerns about the health of the global economy. Japan led the slump, with the Nikkei 225 down over 3%. Shares also fell in Australia and South Korea, while futures pointed to losses in Hong Kong. US contracts edged lower in early Asian trading after the S&P 500 fell more than 2%, with Nvidia Corp. driving a plunge in tech stocks.

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United States may not be on the brink of recession as being claimed by major economists as per latest revelation by popular economist Adam Posen, who has claimed that the scares of an imminent recession may actually be far away. His view has opposed the concept of many other economists who have raised the alarm of a major US recession.

Popular layer 1 Ethereum rival Cardano ($ADA) has stumbled to $0.32 after absorbing overnight losses of around 1%, capping a 7-day depreciation of 10%.

Maharashtra government and Indian Navy trade charges over the collapse of Chhatrapati Shivaji Maharaj's statue in Sindhudurg on August 26, defence sources told ET that a detailed maintenance schedule was shared with state authorities for its general upkeep. According to the sources, the Navy handed over the statue to the Maharashtra government in April, but it suspects that periodic checks were not carried out by the authorities. «As per initial assessment, rusting happened at the joints near nuts and bolts. Had the maintenance schedule shared by the Navy been followed by local authorities, rusting could have been fixed and the statue might not have collapsed,» a source told ET.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

The latest round of earnings has turned Bank of Nova Scotia’s analysts and portfolio strategists optimistic on the outlook for Canadian bank stocks.

Losses from bitcoin (BTCUSD) ATM scams soared above $110 million in 2023, a nearly tenfold increase in just three years, new data from the Federal Trade Commission (FTC) shows.

Sam is a financial journalist with a focus on cryptocurrency market news, based in London. With a Master’s Degree in Development Management from the London School of Economics, Sam’s passion for...

employment-linked incentive scheme announced in the Budget. The ministry is firming up the three employment-linked incentive schemes, which will be implemented through the Employees’ Provident Fund Organisation, and has already sought views from the trade unions on the scheme. Representatives from the Confederation of Indian Industry (CII), Federation of Indian Chamnber of Commerce and Industry (Ficci), Assocham, PHDCCI, All India Organisation of Employers (AIOE), Laghu Udyog Bharati, Indian Council of Small Industries (ICSI), Federation of Association of Small Industries of India (FASII), All India Association of Industries (AIAI), All India Manufacturers’ Organization (AIMO), Standing Conference of Public Enterprises (SCOPE) and Employers Federation of India (EFI) attended the meeting.

When the Bank of Canada eases monetary policy and the economy slows, money managers usually brace for a weaker loonie.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Michael Graw is an experienced freelance finance and tech writer, specializing in cryptocurrencies, decentralized finance, and Web 3.0 since 2018. His work has been featured on various financial news...

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

As market dynamics shift in the crypto landscape, a notable PEPE meme coin whale has made headlines with a bold $1.34 million reinvestment, signaling renewed confidence in the market. Amid this volatility, DigiHorse (DIGI) continues to gain momentum, attracting investors looking for innovative opportunities in blockchain gaming.

The Shiba Inu price has gained by 2% today, rising to $0.00001358 as the cryptocurrency market as a whole posts a 1% return in 24 hours.

Foreign direct investment in India jumped 47.8 per cent to USD 16.17 billion in April-June this fiscal on healthy inflows in services, computer, telecom and pharma sectors, according to government data. FDI inflows were at USD 10.94 billion in April-June 2023-24. The data showed that overseas inflows in May rose to USD 5.85 billion and in June to USD 5.41 billion from USD 2.67 billion and USD 3.16 billion, respectively, in the year-ago period. In April, FDI inflows were down marginally at USD 4.91 billion against USD 5.1 billion in April 2023.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Binance CEO Richard Teng discussed key commitments including prioritizing users, supporting global regulatory frameworks, and partnering with global entities.

BTCC is excited to announce a comprehensive upgrade to its copy trading feature in celebration of surpassing 600,000 users since its launch. With over $420M in profits generated from 220M successful copy trades, BTCC continues to lead the crypto industry, boasting over 15,000 lead traders and more than 600,000 copy traders.