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Bloomberg

Tech Selloff in Korea Continues in US Trading

A global rout in tech stocks began in Asia where a selloff in Korean chipmakers stoked concerns about the sustainability of the artificial-intelligence driven rally. Bloomberg's Carmen Reinicke reports.

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Tech Selloff in Korea Continues in US Trading
Bloomberg

SpaceX Slides Amid Tech Selloff; AMC Tumbles on Share Sale | Stock Movers

On this episode of Stock Movers with Nathan Hager: - SpaceX (SPCX) is heading towards its fourth day of losses, and is currently above its lowest trading price ($149.34 on its IPO) as it continues to approaching that figure. - IBM (IBM) shares are climbing on news that the company and OpenAI are bringing AI to cyber defense. - AMC Entertainment (AMC) shares are lower after the movie theater operator entered into a definitive agreement with institutional investors to sell 95.25 million shares of its common stock for gross proceeds of around $200 million.

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SpaceX Slides Amid Tech Selloff; AMC Tumbles on Share Sale | Stock Movers

Insights

Grafa

The Boomer gold rock is back

For the better part of a decade, the gilded youth of the financial world — the "crypto-native" generation — dismissed gold as a "boomer rock." 

To them, the heavy, yellow metal was an analog relic, a petrous souvenir of an era before the lightning-fast efficiency of the blockchain. 

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Grafa

The chokehold on the world

For decades, the Strait of Hormuz has existed in the global consciousness as a geopolitical abstraction — a narrow, jagged ribbon of blue on a map that experts warned was the "jugular vein" of the modern world. 

But as the closure of the Strait enters its second month, that abstraction has curdled into a cold, suffocating reality. 

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The chokehold on the world
Grafa

Why Wall Street just pulled the plug on crypto

For a fleeting moment last autumn, it appeared that the long-running friction between the frantic world of cryptocurrency and the buttoned-down halls of global finance had finally reached a grand synthesis. 

With the debut of spot exchange-traded funds (ETFs) and Bitcoin scaling heights near $126,000, the industry’s boosters declared that "digital gold" had finally arrived as a permanent fixture of the modern portfolio.

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Why Wall Street just pulled the plug on crypto
Grafa

Can Bitcoin bring down the global financial system?

Bitcoin has vaporised more than US$800 billion in its latest crash and sucked US$1 trillion out of the broader crypto market.

With nearly US$2 trillion in market value and rising allocations from Wall Street firms, ETFs, pension funds, and insurers, Bitcoin is increasingly woven into traditional finance.

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Can Bitcoin bring down the global financial system?

Economy

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