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Bitcoin Retreats Near $67K as Geopolitical Tensions Rattle Crypto Markets
Bitcoin declined approximately 2% to near $66,700 Thursday, pressured by renewed Middle East tensions that boosted the dollar and oil. U.S. spot bitcoin ETFs recorded significant net outflows.
Gold Retreats as Dollar Gains on Geopolitical Tensions
Gold prices dropped sharply Thursday, erasing much of the prior day's rally, as a stronger U.S. dollar and surging oil prices shifted market focus back to inflation risks. Spot gold fell 2% to $4,660.95 an ounce.
Micron Retires $4.3B in Debt Amid AI-Driven Capital Expansion
Micron Technology has repurchased more than $4.3 billion of its outstanding debt through a tender offer, settling April 3. The move comes as the chipmaker significantly increases capital expenditures to capitalize on the artificial intelligence memory boom.
Nokia Secures Virgin Media O2 5G Contract as Ericsson Lands Larger UK Network Role
Nokia has been awarded a contract to supply 5G radio access network equipment to Virgin Media O2, though Ericsson secured a larger role as the operator's main RAN partner in a separate deal.
Ondas Expands ISR Capabilities with World View Acquisition
Ondas Holdings has finalized its purchase of World View Enterprises, enhancing its intelligence, surveillance, and reconnaissance network. The company's stock rose nearly 5% following the announcement.
Plug Power Secures Major Electrolyzer Contract for Quebec Green Hydrogen Project
Plug Power has been selected to provide a 275-megawatt electrolyzer system for Hy2gen Canada's Courant green hydrogen project in Quebec, sending its shares up 7%.
Markets Retreat as Trump's Iran Remarks Fuel Oil Spike, Airline Worries
U.S. equity markets reversed sharply lower Thursday after President Trump's prime-time address on Iran escalated military rhetoric, sending oil prices soaring and reigniting stagflation concerns. The Dow Jones Industrial Average dropped 565 points.
Snap Confronts Activist Demands for AI Focus, Cost Discipline
Activist investor Irenic Capital has taken a stake in Snap and is urging significant strategic changes, including cost reductions, a spin-off of its smart glasses unit, and increased AI investment. The company's stock gained following the news.
OpenAI Hits $852B Valuation, Expands Investor Access Ahead of Potential IPO
OpenAI has secured a $122 billion funding round, valuing the company at $852 billion, while raising over $3 billion from individual investors. The AI firm also announced its shares will be included in several ARK Invest ETFs prior to a potential public listing.