Bitcoin entering a bear market? These 3 signals say so

Bitcoin’s three-year rally may be over, with signs pointing to the leading cryptocurrency entering a prolonged bear market. That’s according to blockchain data firm CryptoQuant, whose researchers said in a Friday report that investors should be prepared for the end of...

Nike Sinks After China Sales Plunge, Delaying Turnaround Effort

Nike Inc. shares fell after the company warned that sales will decline this quarter amid persistent weakness in China and at its Converse brand. The world’s largest sportswear company expects revenue to be down in the low-single digits in the three months that started...

Chinese AI Euphoria Masks Long-Term Technological Challenges

Moore Threads Technology Co.’s 425% first-day pop this month — China’s most successful initial public offering since 2019 — capped a year in which investors have grown increasingly excited about the prospects for the country’s AI chip advancement. That’s despite basic...

SpaceX Sets $800 Billion Valuation, Confirms 2026 IPO Plans

SpaceX is moving forward with an insider share sale that values Elon Musk’s rocket and satellite maker at about $800 billion, setting up what could be the largest initial public offering of all time. In a company message seen by Bloomberg on Friday, SpaceX said it’s...

Waymo recalls robotaxi software after school bus incidents

Waymo is hitting the brakes on its robotaxi software and issuing a voluntary recall after school bus safety concerns came to light earlier this year. The recall won’t necessarily pull cars from the road but will instead see them updated. It comes after an...

AI’s Future May Be Written in Railroads’ Past

The historian A.J.P. Taylor once quipped that the only thing people learn from the mistakes of the past is how to make new mistakes. But there are nevertheless many lessons to be learned if you look in the right places. Consider the extraordinary parallels between...