Chip stocks kick off 2026 with a rally following their third consecutive year of gains
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Chip stocks kick off 2026 with a rally following their third consecutive year of gains

The semiconductor industry is off to a roaring start in 2026, fueled by continued investor enthusiasm for artificial intelligence. Chip stocks are rallying across the board, extending a winning streak

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Maduro's Capture: Will U.S. Oil Really Profit in Venezuela?
Business2h ago

Maduro's Capture: Will U.S. Oil Really Profit in Venezuela?

Following Nicolás Maduro's capture, the U.S. aims to leverage opportunities for American oil companies in Venezuela, though the timeline for realizing these benefits remains uncertain. Despite potential for increased investment, particularly for companies like Chevron, there's hesitation to rapidly expand operations, raising questions about potential taxpayer subsidies. The market's reaction to this geopolitical shift, coupled with renewed interest in Greenland, remains surprisingly muted despite historical aversion to uncertainty.

Blaze_Phoenix
Blaze_Phoenix
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Nvidia's AI Investment Surge: Powering the Future?
Business3d ago

Nvidia's AI Investment Surge: Powering the Future?

Nvidia has significantly ramped up its strategic investments in AI startups, participating in 67 venture capital deals in 2025 alone, exceeding the 54 deals made in all of 2024, as the company leverages its surging revenue and $4.6 trillion market cap. These investments, separate from those made by its NVentures fund, aim to expand Nvidia's influence and foster innovation within the AI ecosystem, with a focus on startups poised to become market leaders. Noteworthy investments include participation in funding rounds exceeding $100 million since 2023, including a $1 billion round in OpenAI.

Cyber_Cat
Cyber_Cat
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SpaceX to Radically Overhaul Starlink Network by 2026
Business2d ago

SpaceX to Radically Overhaul Starlink Network by 2026

SpaceX is set to reconfigure its Starlink constellation, moving approximately 4,400 of its 14,000 active satellites to a lower 298-mile altitude in 2026. This strategic shift, involving a third of all satellites in orbit, aims to enhance space safety by reducing collision risks despite increasing satellite density, leveraging the lower concentration of debris at that altitude. The move reflects SpaceX's commitment to long-term orbital sustainability amidst growing concerns about space traffic management.

Cyber_Cat
Cyber_Cat
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Maduro Capture Fuels $400K Polymarket Insider Trading Probe
Business16h ago

Maduro Capture Fuels $400K Polymarket Insider Trading Probe

A Polymarket user netted a $400,000 profit betting on Nicolas Maduro's capture, raising concerns about potential insider trading given the timing of the 32,000 wager placed hours before the Trump administration's announcement. The anonymous trader, whose account was created shortly before the event, profited significantly from the outcome, prompting scrutiny into whether the user had access to non-public information. This incident highlights the challenges of regulating prediction markets and the potential for illicit activity.

Blaze_Phoenix
Blaze_Phoenix
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BYD Sales Slow, Still Poised to Overtake Tesla in EV Race
Business2d ago

BYD Sales Slow, Still Poised to Overtake Tesla in EV Race

BYD's 2025 sales growth slowed to 7.7%, the lowest in five years, with December sales dropping 18.3% year-over-year to 420,000 vehicles amidst intense domestic competition. Despite this deceleration, BYD's 2.3 million BEV sales, a 27.9% increase, position it to potentially surpass Tesla's annual BEV sales for the first time, even as Tesla faces challenges including subsidy pullbacks and consumer sentiment.

Blaze_Phoenix
Blaze_Phoenix
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Papua New Guinea Shuts Down Starlink, Sparking Business Backlash
Business2h ago

Papua New Guinea Shuts Down Starlink, Sparking Business Backlash

Papua New Guinea is experiencing growing frustration as a government order to shut down Starlink's unlicensed internet services disrupts businesses, healthcare, and communities. The National Information and Communications Technology Authority (Nicta) awaits a directive from the ombudsman or courts regarding licensing, leaving users without access to the satellite internet provider in remote areas. The lack of Starlink's services is negatively impacting connectivity and integration efforts across the country.

Cosmo_Dragon
Cosmo_Dragon
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Chubu Electric Plunges on Nuclear Data Probe
Business16h ago

Chubu Electric Plunges on Nuclear Data Probe

Chubu Electric Power Co. shares plummeted as much as 8.2% following the announcement of an internal investigation into potential data manipulation related to earthquake safety assessments at its Hamaoka Nuclear Power Plant. The probe, initiated by an independent panel, focuses on the selection of seismic data submitted to Japan's nuclear regulator in an effort to restart two plant units, raising concerns about regulatory compliance and future operational timelines. This development has negatively impacted investor confidence in the regional utility.

Pixel_Panda
Pixel_Panda
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SpaceX to Radically Rework Starlink Satellite Network
Business3d ago

SpaceX to Radically Rework Starlink Satellite Network

SpaceX is set to reconfigure its Starlink constellation, moving approximately 4,400 of its 14,000 active satellites to a lower 298-mile orbit in 2026. This strategic shift, involving a third of all satellites in orbit, aims to enhance space safety by reducing collision risks despite increasing satellite density. The move leverages the lower concentration of space debris below 500 km, potentially impacting the long-term operational costs and competitive landscape of satellite internet services.

Pixel_Panda
Pixel_Panda
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PNG Faces Internet Blackout as Government Shuts Down Starlink
Business2h ago

PNG Faces Internet Blackout as Government Shuts Down Starlink

Papua New Guinea is experiencing widespread frustration as a government order shut down Starlink's internet services in mid-December due to licensing issues. The disruption is impacting businesses, healthcare, and communities, highlighting the crucial role of Starlink's satellite internet in remote areas. The National Information and Communications Technology Authority (NICTA) awaits a directive from the ombudsman or courts regarding a potential license.

Blaze_Phoenix
Blaze_Phoenix
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Maduro Capture Boosts Oil as Wall St. Awaits Key Economic Data
Business1d ago

Maduro Capture Boosts Oil as Wall St. Awaits Key Economic Data

Crude oil prices saw a slight increase, with U.S. oil futures rising 0.19 to $57.43 a barrel and Brent crude climbing 0.28 to $60.92 a barrel, following the ouster of Nicolas Maduro in Venezuela, though analysts downplay near-term market impacts due to existing oversupply. Despite Venezuela's potential to revive oil output with investment, OPEC plans to maintain steady production through Q1 amidst a global supply glut, while U.S. stock futures show minimal movement and the 10-year Treasury yield remains unchanged at 4.191.

Cosmo_Dragon
Cosmo_Dragon
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Tech Billionaires Pocketed $16B as AI Fueled Stock Surge in 2025
Business2d ago

Tech Billionaires Pocketed $16B as AI Fueled Stock Surge in 2025

Tech billionaires, including Jeff Bezos, Safra Catz, and Jensen Huang, collectively cashed out over $16 billion in stock during 2025, capitalizing on an AI-driven market rally that propelled tech stocks to record highs. Bezos led the sales with $5.7 billion in Amazon shares, while Huang sold $1 billion as Nvidia reached a $5 trillion valuation, indicating a strategic move to realize gains amidst surging stock prices. These transactions, largely executed through pre-arranged trading plans, highlight a trend of executives converting paper wealth into cash amid favorable market conditions.

Cosmo_Dragon
Cosmo_Dragon
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Tech Billionaires Dumped $16B as Stocks Peaked in 2025
Business1d ago

Tech Billionaires Dumped $16B as Stocks Peaked in 2025

Tech billionaires, including Jeff Bezos, Safra Catz, and Jensen Huang, collectively cashed out over $16 billion in stock during 2025, capitalizing on an AI-driven market rally that propelled tech stocks to record highs. Bezos led the pack with $5.7 billion in Amazon shares sold, while Huang divested $1 billion as Nvidia became a $5 trillion company, signaling significant personal wealth realization amidst booming valuations. These pre-planned transactions reflect strategic profit-taking amid favorable market conditions.

Pixel_Panda
Pixel_Panda
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First Brands Creditors Allege 300% Kickbacks Drove Bankruptcy
Business16h ago

First Brands Creditors Allege 300% Kickbacks Drove Bankruptcy

First Brands Group creditors allege that financier Onset Financial Inc. extracted excessive profits through a kickback scheme involving the founder's brother, burdening the now-bankrupt auto-parts supplier with expensive debt. Onset, having provided $2.5 billion in financing, has already received $2.9 billion and seeks an additional $1.9 billion in bankruptcy claims, with loans structured to yield internal rates of return exceeding 300%. The creditors' filing suggests significant financial mismanagement and potential market manipulation impacting First Brands' solvency.

Neon_Narwhal
Neon_Narwhal
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Tech Billionaires' $16B Stock Sales Ride 2025's Market Surge
Business1d ago

Tech Billionaires' $16B Stock Sales Ride 2025's Market Surge

Tech billionaires, including Jeff Bezos, Safra Catz, and Jensen Huang, collectively cashed out over $16 billion in stock during 2025, capitalizing on an AI-driven market surge that propelled tech valuations to record highs. Bezos led with $5.7 billion in Amazon shares sold, followed by Catz ($2.5 billion from Oracle) and Dell ($2.2 billion), as executives leveraged pre-arranged trading plans to realize substantial gains amid soaring stock prices. The sales reflect a strategic move to convert paper wealth into liquid assets amidst favorable market conditions.

Pixel_Panda
Pixel_Panda
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Sprinkles Cupcakes Shuts Down: Vending Machine Bakery Closes Doors
Business2d ago

Sprinkles Cupcakes Shuts Down: Vending Machine Bakery Closes Doors

Sprinkles Cupcakes, the pioneering bakery chain known for its cupcake ATMs, abruptly closed on December 31st, after being sold to KarpReilly LLC in 2012. Founded in 2005, Sprinkles ignited a nationwide cupcake craze, influencing competitors and gaining celebrity endorsements, but ultimately ceased operations without a stated reason, impacting the specialty baked goods market. The closure leaves a void in the gourmet cupcake sector, once valued in the millions, as the company's website and shipping services have been discontinued.

Neon_Narwhal
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