Crypto ETF flows: Bitcoin bleeds $195M; XRP and Solana hold steady
Cryptocurrencies remained downbeat on Friday, December 5, with sentiment deteriorating across leading assets. Meanwhile, the latest ETF flow stats confirm this weakness, with Bitcoin and Ethereum exchange-traded products struggling as new products attracted fresh funds. BTC ETFs suffer broad-based outflows Bitcoin’s figures
Ocado shares jump after Kroger agrees $350M payment for warehouse closures
Shares in Ocado rose more than 9.5% on Friday, placing the stock among the top gainers on the FTSE 250, after the British online grocer and technology firm said it would receive a one-off $350 million cash payment from long-time
Baidu eyes Hong Kong listing for Kunlunxin as China pushes AI chip independence
Baidu is exploring a Hong Kong listing for its Kunlunxin AI chip arm, as per a Bloomberg report. The move comes at a time when Beijing is intensifying efforts to reduce its reliance on US hardware, and companies across the
Tesla rolls out cheaper Model 3 in Europe as EV competition grows
Tesla has introduced a lower priced Model 3 Standard in Europe, expanding its range at a time when buyers are seeking more affordable electric vehicles. The update appeared on the company’s website on Friday, only a few months after the
DeepNode raises $5M as demand shifts toward decentralised AI infrastructure
DeepNode’s latest funding reveals how investor interest is shifting toward decentralised artificial intelligence infrastructure that rewards practical model performance rather than raw compute. The project has secured $5 million across two rounds and plans to build a network where AI developers,
Cristiano Ronaldo invests in Perplexity to tap the fast-growing AI search boom
Cristiano Ronaldo has entered the artificial intelligence sector through a new stake in Perplexity AI. The move links one of the world’s most recognisable sports figures with a rapidly expanding search company that is positioning itself as a major challenger in
EU hits Elon Musk’s X with $140M fine in first-ever Digital Services Act enforcement
The European Union’s first penalty under its online content law has placed new pressure on Elon Musk’s X platform as regulators move to shape how major tech firms operate in Europe. The €120 million ($140 million) fine, announced on Friday, has
Netflix says it plans to buy Warner Bros studio and streaming business
Netflix has agreed to acquire the studios and streaming businesses of Warner Bros Discovery (WBD) in a deal valued at $83 billion, marking one of the most consequential consolidation moves in Hollywood’s modern era. The massive takeover will position the
Interview: AI won’t take over travel agencies, it will boost standards, says CoTrav’s Sah
With hybrid and other flexible work models becoming a defining feature of India’s corporate landscape, business travel is emerging as more indispensable than ever. A Deloitte report projects the corporate travel market to grow at a 10.1% CAGR, doubling to US$20.8
US stocks advance as S&P 500, Nasdaq, Dow rally before high-stakes PCE reading
US stocks posted modest gains Friday as traders held their breath ahead of critical inflation data that could reshape the Fed’s rate-cut calculus. The S&P 500 rose 0.3%, the Nasdaq Composite climbed 0.4%, and the Dow Jones Industrial Average ticked up