Nvidia Stock Rises and Leads Chip Makers Higher After AMD’s Strong Earnings

Nvidia Stock Rises and Leads Chip Makers Higher After AMD’s Strong Earnings

First American News LLC: Raleigh, NC: Nvidia was leading fellow chip makers higher early Wednesday following fourth-quarter earnings and a forecast from Advanced Micro Devices that smashed analysts’ expectations. Nvidia (ticker: NVDA) was rising 5.3% to $259.52 in premarket trading Wednesday, Qualcomm (QCOM) was up 3.1%, and Micron Technology (MU) gained 2%. AMD’s chief rival, […]

Musk Says His Tweet About Taking Tesla Private Was ‘Entirely Truthful’

Musk Says His Tweet About Taking Tesla Private Was ‘Entirely Truthful’

First American News LLC: Raleigh, NC: Elon Musk says his 2018 tweet about planning to take Tesla Inc. private was “entirely truthful” and that investors who claim the missive was fraudulent are wrong. Lawyers for the billionaire chief executive officer of the electric-car maker said in a court filing Tuesday that Saudi Arabia’s sovereign wealth […]

Alpine Woods’s Sarah Hunt Says Buy the Dip on Some Technology Stocks

Alpine Woods’s Sarah Hunt Says Buy the Dip on Some Technology Stocks

First American News LLC, Raleigh, NC: The decline in technology shares after the Federal Reserve’s hawkish pivot provides a chance for investors to pick up some bargains, said Sarah Hunt, portfolio manager at Alpine Woods Capital Investors. Get New York Times Digital Subscription “There’s a lot of opportunity in some of the tech stocks that […]

IMF Urges El Salvador to Ditch Bitcoin’s Legal Tender Status

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First American News LLC, Raleigh NC: After adopting bitcoin as the national currency, Central American country plans to issue bonds backed by bitcoin as negotiations with the IMF stall. The International Monetary Fund urged El Salvador to strip bitcoin of its status as legal tender because of its large risks to financial stability, the latest […]

‘Crypto Winter’ Fears Chill the Battered Bitcoin Faithful

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First American News LLC, Raleigh, NC: Bitcoin’s price plunged by more than 80% to as low as $3,100 from the end of 2017 through December of the following year, a period characterized by the boom-and-bust of initial coin offerings and several big banks shelving their plans to start cryptocurrency trading desks. Bitcoin wouldn’t reach a new […]

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