The signs of miner capitulation in the bitcoin market are becoming more apparent as the cryptocurrency struggles to maintain its position above the $70,000 mark. Recent data from CryptoQuant reveals that the flow of bitcoin leaving miners’ wallets for exchanges, typically indicating a selling event, hit a two-month high over the weekend. Moreover, miner selling
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In a market where interest rate cuts from the Federal Reserve are highly anticipated, Sallie Mae has made a bold move by increasing rates on its one-year certificates of deposit. Last week, the company raised the annual percentage yield for its 12-month CD by 10 basis points, bringing it up to 5.15%. This puts Sallie
One of the companies facing potential trouble in the market is Northrop Grumman, an aerospace and defense stock that has experienced a 9% pullback in 2024. Despite recent positive news such as being awarded a $119 million U.S. Navy contract and increasing its quarterly dividend by more than 10%, Northrop Grumman is closing in on
As the Artificial Intelligence (AI) industry continues to expand and evolve, we are witnessing a shift towards cloud-based solutions. This transformation has led to a surge in demand for cybersecurity services as companies strive to protect their data and infrastructure from potential threats. The recent frenzy around AI has created a ripple effect, benefiting various
Evercore ISI has identified a group of stocks that are leading the charge in the artificial intelligence revolution. At the forefront of this movement is Nvidia, a chip giant that has seen its stock soar to a $3 trillion valuation on the back of AI-related excitement. Evercore senior managing director Julian Emanuel describes Nvidia as