The US tech sector hit a speed bump this week as UBS experts lowered their view from “attractive” to “neutral”. While the broader market remains fixated on AI’s transformative potential, UBS sees the road ahead as fraught with concerns of massive infrastructure spending and the looming threat of industry adoption. Its analysts offered three big
Robinhood has launched a public testnet for Robinhood Chain, an Ethereum layer-2 built with Arbitrum, opening the network to developers ahead of a planned mainnet later this year. The company detailed the rollout at CoinDesk’s Consensus Hong Kong conference and in a release shared with Cointelegraph. The brokerage says the chain is built for financial-grade
Global markets and corporate developments offered a mixed picture on Wednesday as investors balanced resilient Asian equities against political tensions in Washington and mounting corporate upheaval across technology and media sectors. A rally in Asia came despite soft US consumer data and artificial-intelligence concerns on Wall Street, while Elon Musk’s artificial-intelligence startup lost key founders,
Gold and silver prices increased on Wednesday as US Treasury bond yields dropped after the release of data showing that retail sales growth had stalled in December. The stalled growth suggested a weakening economy, which precedes the release of key jobs data. Precious metals like gold tend to be supported by lower US yields. This
American consumers ended the year with a new record in credit card borrowing, as balances rose sharply in the final quarter. Data from the Federal Reserve Bank of New York shows credit card debt reached $1.28 trillion by the end of the fourth quarter. That marks a $44 billion increase over the previous three months.
Solana price continued its strong downward trend, even after Goldman Sachs announced a stake in SOL ETFs. SOL token retreated to $80, down sharply from the all-time high of $294. It has retreated for five consecutive weeks, erasing billions of dollars in value Goldman Sachs has invested in Solana Goldman Sachs, a top Wall Street
Hong Kong is accelerating efforts to build a regulated digital-asset ecosystem, advancing stablecoin licensing and expanding crypto market infrastructure even as mainland China maintains a strict ban on cryptocurrency activity. Authorities say the initiative is designed as a supervised framework for financial innovation rather than a reversal of Beijing’s policy. The developments were discussed across
Heineken has announced plans to cut up to 6,000 jobs globally as part of a new cost and productivity drive, after reporting solid but moderating profit growth in its 2025 full-year earnings. The Dutch brewer, the world’s second largest by market value, said it is adjusting its structure to operate more efficiently through the end
Braden John Karony, the former chief executive of defunct crypto platform SafeMoon, has been sentenced to 100 months in federal prison for his role in a sweeping fraud scheme that misled investors and siphoned millions from what was once touted as a revolutionary token. The sentence was handed down on Feb. 10 by US District
A White House-brokered meeting between banks and crypto firms aimed at resolving stablecoin provisions in a broader market structure bill ended without agreement, though participants described the session as productive. The dispute centres on whether stablecoin issuers and platforms should be allowed to offer yield or rewards. With bipartisan support in the Senate still uncertain