Author: GT

Bitcoin (BTC) is under significant pressure following President Donald Trump’s announcement of new trade tariffs, raising concerns among investors about a potential decline to $71,000. According to Charles Edwards, founder of Capriole Investments, the crypto is experiencing “very high risk” conditions due to these tariffs. On April 2, Bitcoin’s value dropped nearly 8.5% in response to the tariff announcement, contrasting sharply with the S&P 500, which managed a slight gain of 0.7% on the same day. Edwards highlighted that the uncertainty surrounding U.S. business expectations is reminiscent of previous economic downturns observed in 2000, 2008, and 2022. He noted that…

Apple lost more than $250 billion in market value Thursday, with shares down as much as 8.5% as a result of President Donald Trump’s tariff spree.  The iPhone maker took one of the biggest hits on Wall Street, where tech stocks dropped as investors shifted money away from volatile assets. Tesla, Nvidia, and Meta were down 6%, and Amazon shares fell by 7.2%.  Trump unveiled sweeping tariffs Wednesday afternoon of at least 10% across the board, and even higher for some countries — China’s total tariff rate soared to 54% — that will go into effect April 5. Wedbush Securities…

The U.S. Department of Energy said it has identified 16 federal sites, including storied nuclear research laboratories such as Los Alamos, where tech companies could build data centers in a push to accelerate commercial development of artificial intelligence technology.The sites are “uniquely positioned for rapid data center construction, including in-place energy infrastructure with the ability to fast-track permitting for new energy generation such as nuclear,” the agency said in a statement Thursday.The move follows an executive order signed in January by outgoing President Joe Biden that sought to remove hurdles for AI data center expansion in the U.S. while also…

Standard Chartered has released a report predicting significant price increases for Avalanche’s AVAX token, which could see a rise to $250 by the end of 2029.This projection suggests a staggering 1,326% increase from its current trading price of $18. In comparison, the bank anticipates that Bitcoin’s price will reach approximately $500,000, marking a nearly 500% increase from its current value of around $82,650. Geoff Kendrick, the global head of digital assets research at Standard Chartered, attributes Avalanche’s potential growth to its innovative approach to network scaling through dedicated layer-1 application networks, previously known as subnets. Kendrick noted that Avalanche’s smaller…

Altimeter Capital CEO Brad Gerstner said Thursday that he’s moving out of the “bomb shelter” with Nvidia and into a position of safety, expecting that the chipmaker is positioned to withstand President Donald Trump’s widespread tariffs. “The growth and the demand for GPUs is off the charts,” he told CNBC’s “Fast Money Halftime Report,” referring to Nvidia’s graphics processing units that are powering the artificial intelligence boom. He said investors just need to listen to commentary from OpenAI, Google and Elon Musk.President Trump announced an expansive and aggressive “reciprocal tariff” policy in a ceremony at the White House on Wednesday. The…

When OpenAI debuted its image-generation feature in ChatGPT last week, social media exploded when users realized that they could make AI-generated images that looked like something out of an animated film from Studio Ghibli. Fans hoped that Studio Ghibli mastermind Hayao Miyazaki would take a stand, but the 84-year-old animator has remained silent. In the Ghibli fan subreddit, however, fans are enforcing a long-standing ban against AI art. “I just noticed about a dozen different ‘BAN AI NOW’ posts here seemingly spurred on by an influx of AI Ghibli art on other sites,” a moderator posted to the Ghibli subreddit…

Since President Donald Trump’s reelection, the crypto market has been nothing but a wild ride. Cryptocurrencies soared to all-time highs and then plummeted. This volatility has left investors unsure of which digital currencies to invest in. Check Out: 13 Cheap Cryptocurrencies With the Highest Potential Upside for You Try This: 6 Hybrid Vehicles To Stay Away From in Retirement However, these four cryptocurrencies are showing strong potential and are worth adding to your portfolio this April. Bitcoin remains the undisputed king of crypto. With the increasing institutional adoption and Trump’s executive order to establish a strategic bitcoin reserve, bitcoin is…

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. 1. Stocks plunged Thursday morning in response to President Donald Trump ‘s new round of tariffs on American trading partners. The various duty rates facing imports from countries including China, Vietnam, and Cambodia are much higher than anticipated. Jim Cramer and Director of Portfolio Analysis Jeff Marks both agreed that labeling these “reciprocal tariffs” doesn’t quite capture the situation, given the formula that was used to calculate the duty levels. Jeff pointed out that the…

Sustaining the momentum with which the cryptocurrency market entered 2025 will be a challenge, according to a new report. The 2025 edition of GlobalData’s Cryptocurrencies report outlines that many expect new all-time highs for the cryptocurrency market this year, driven variously by regulatory, institutional and cyclical factors. It notes that regulatory clarity has been provided by the introduction of the EU’s “gold standard” Markets in Crypto Assets regulation, while the pro-crypto stance of the new Trump administration in the US has been embodied by deregulation, the appointment of a “crypto-friendly” Securities and Exchange Commission chair and the body’s formation of…

Tesla recorded 336,681 deliveries, its worst quarterly performance in more than two years as the brand suffers a backlash to CEO Elon Musk’s political maneuverings. The dip in sales comes as Musk continues leading DOGE, the “advisory body” that has laid off thousands of federal employees and attempted to eliminate entire agencies and programs. His involvement in the government has not only proven controversial, but also unpopular, leading many to wonder what effect it might have on Tesla’s sales.  Even one of Tesla’s top supporters on Wall Street recently beseeched Musk to spend less time on politics and more time…