News
![General Motors (GM) confirmed on Wednesday that more than 1,700 workers are being laid off across its manufacturing operations in Michigan and Ohio, according to The Detroit News. The company said the decision was tied to a slowdown in demand for electric vehicles and a change in the policy environment that previously supported those sales. […]](https://www.cryptopolitan.com/wp-content/uploads/2025/10/GM-lays-off-more-than-1700-at-sites-in-Michigan-Ohio-citing-EV-challenges.webp)
Gold steadies ahead of Fed decision as traders position for dovish outcome
Gold price recovers some ground on Wednesday after hitting a three-week low of $3,886 the previous day as traders await the Federal Reserve (Fed) decision later in the day. XAU/USD trades at $3,998, snapping three consecutive days of losses.
Key PointsCriteo reported stronger-than-expected third-quarter results, beating analyst estimates.The company also announced plans to move its corporate headquarters from Paris to
Bank of America raised its price target on Apple to $320 ahead of the company’s Thursday earnings release, according to a note from the bank. Analyst Wamsi Mohan reaffirmed his buy rating while moving the previous $270 target to the higher level, which reflects a 19% upside from where the stock is trading right now. […]
Key PointsExtreme Networks beat analyst expectations across the board for the first quarter of fiscal 2026.Revenue grew by 15%, but gross margin trended lower.Revenue growth will s
The Ethereum Foundation announced the creation of an institutional portal, aiming to onboard businesses and financial companies with promises of security, privacy, and scalability.
Key PointsGarmin upped earnings guidance, but not enough for some investors.Sales jumped 12%, but that was lower than the 20% increase reported in Q2. Garmin stock had been up more
Key PointsAdded 4,306,363 Teva shares, an estimated $75.64 million trade based on the average quarterly price for Q3 2025Transaction represents a 0.68% increase in reportable U.S.
XRP locked escrow tokens have long been perceived as untouchable, yet recent statements from Ripple CTO David Schwartz have stirred debate about what “locked” truly means. Questions around whether Ripple could sell or transfer these tokens have spread across the crypto community, sparking further discussions about market supply, institutional strategies, and potential market impact. XRP […]
Crypto analyst Adez has revealed what most traders are missing following the Bitcoin price rally to $116,000 earlier this week. The analyst suggested there is no reason to be bullish right now, as
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Key PointsCamping World reported better-than-expected results in its third-quarter earnings report.The company issued a correction to accounting misstatements from a year ago.It al
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Key PointsNvidia just became the first company in history to reach a $5 trillion market cap. Recent gains have been powered by trade developments and a new supercomputer partnershi
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Sammy Altman is preparing to take OpenAI public by 2027, following a tense back-and-forth with California officials that nearly ended in a lawsuit. The agreement that clears the way for the IPO was finalized Monday evening, according to The Wall Street Journal, and locks in a new corporate structure for OpenAI, keeps the company in […]
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Amazon has launched its AI compute cluster project Rainier, which will use more than one million Trainium2 chips to power Anthropic’s Claude model by the end of 2025.
QuantumScape (NYSE: QS) continues to surprise the market with groundbreaking solid-state battery technology and a key partnership with Volkswagen's PowerCo. With liquidity secured
Tether Gold (XAU₮), a tokenized Gold asset from Tether, the company behind USDT, the world's leading stablecoin, surged past the $2 billion valuation threshold last week, driven by surging demand for real-world assets (RWAs).
AST SpaceMobile (NASDAQ: ASTS) is on a mission to eliminate dead zones through direct-to-smartphone satellite technology. Its partnerships with telecom giants like AT&T and Vodafon
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Alphabet (NASDAQ: GOOGL) remains a pillar in tech, powered by its massive advertising engine, YouTube reach, and rapidly growing cloud business. But OpenAI's ChatGPT Atlas may chan
In today's video, I discuss recent updates affecting Microsoft (NASDAQ: MSFT), Meta Platforms (NASDAQ: META), and other AI stocks. To learn more, check out the short video, conside
Key PointsInvestors have been worried about a slowdown in AI adoption. Nvidia dispelled some of those fears at the company's annual GTC conference. Positive sentiment from Wall St
