Bears Prowl Wall Street As Magnificent 7 Tumble; Bitcoin Sinks After Record High: What’s Driving Markets Tuesday?

Published by
Benzinga

Volatility knocked on the doors of Wall Street on Tuesday, with major indices all in the red during midday trading as mega-cap tech stocks plunged simultaneously. All the Magnificent Seven names experienced losses. Tesla Inc. (NASDAQ:TSLA) nosedived over 4%, while Apple Inc. (NASDAQ AAPL) shed 2.7%, marking its fifth consecutive session of losses. This decline followed a report indicating a 24% drop in iPhone sales in China during the first six weeks of 2024. On the data front, signals were mixed. The ISM Services PMI reported a lower-than-expected expansion in February, and factory orders sha… Read More “Bears Prowl Wall Street As Magnificent 7 Tumble; Bitcoin Sinks After Record High: What’s Driving Markets Tuesday?”

How To Buy Bitcoin As It Makes History: Step-By-Step Guide To Purchase Your First Crypto Safely

Published by
Benzinga

Bitcoin (CRYPTO: BTC) is once again dominating headlines, edging past its previous all-time high on Tuesday and reigniting the curiosity of potential investors. While the prospect of joining the Bitcoin revolution is enticing, navigating the purchase process can seem daunting for newcomers. Fear not, for this comprehensive guide will equip you with the knowledge and confidence to buy your first Bitcoin amid this exciting surge. Understanding The LandscapeUnlike traditional stocks or bonds, Bitcoin doesn’t exist as a physical asset. It’s a decentralized digital currency secured on a blockchain,… Read More “How To Buy Bitcoin As It Makes History: Step-By-Step Guide To Purchase Your First Crypto Safely”

AWS to invest $5.3 to build data centers in Saudi Arabia to bolster tech in the region

Published by
CIO

Amazon Web Services (AWS) is the latest high-tech giant to announce a major stake in Saudi Arabia’s burgeoning technology industry, unveiling a plan this week to invest more than $5.3 billion in the Middle East kingdom to build data centers and a significant cloud presence in the region. Specifically, AWS will launch what it’s calling an AWS infrastructure Region in Saudi Arabia in 2026 to give technology developers, existing businesses, and startups and entrepreneurs a comprehensive, in-country data-center infrastructure for running their cloud-based technology solutions, according to a relea… Read More “AWS to invest $5.3 to build data centers in Saudi Arabia to bolster tech in the region”

Three predictions for AI and automation business adoption

Published by
CIO

AI’s honeymoon with the enterprise is coming to an end. It’s time to get to business. That’s one of the main themes from IDC’s recent predictions report, “IDC FutureScape: Worldwide Artificial Intelligence and Automation 2024 Top 10 Predictions”. But even though IT decision-makers will be scrutinizing AI and automation investments, you can rest assured they will invest. In 2023, enterprises worldwide spent $166 billion on AI solutions (AI software, hardware, and services), but that spending is expected to grow 27% per year to $423 billion by 2027, according to IDC’s report. With FutureIT Los A… Read More “Three predictions for AI and automation business adoption”

Revolutionary AI platform “A-SOiD” predicts behavior from video, opening new frontiers in research

Published by
PsyPost (CA)

In a groundbreaking study published in Nature Methods, researchers from Carnegie Mellon University, the University Hospital Bonn, and the University of Bonn have developed a novel open-source platform named A-SOiD, which stands out for its ability to learn and predict user-defined behaviors solely from video data. This innovative tool has demonstrated impressive versatility, capable of classifying a wide array of animal and human behaviors, and even showing potential applications in analyzing patterns in stock markets, earthquakes, and proteomics. What sets A-SOiD apart is its non-traditional … Read More “Revolutionary AI platform “A-SOiD” predicts behavior from video, opening new frontiers in research”

Revolutionary AI platform “A-SOiD” predicts behavior from video, opening new frontiers in research

Published by
PsyPost (UK)

In a groundbreaking study published in Nature Methods, researchers from Carnegie Mellon University, the University Hospital Bonn, and the University of Bonn have developed a novel open-source platform named A-SOiD, which stands out for its ability to learn and predict user-defined behaviors solely from video data. This innovative tool has demonstrated impressive versatility, capable of classifying a wide array of animal and human behaviors, and even showing potential applications in analyzing patterns in stock markets, earthquakes, and proteomics. What sets A-SOiD apart is its non-traditional … Read More “Revolutionary AI platform “A-SOiD” predicts behavior from video, opening new frontiers in research”

Bitcoin Set For Worst Day In 16 Months After Major Reversal From All-Time High: Chart Shows 2 Bearish Signals

Published by
Benzinga

Tuesday witnessed a Bitcoin-style rollercoaster, with the cryptocurrency initially soaring to new all-time highs surpassing $69,000, only to tumble by 10% at 3:00 p.m. ET, on track for its steepest daily decline since November 2022. Among the swirling speculations surrounding this dramatic downturn—flash crash, market illiquidity, fat fingers, profit-taking behaviors, and more—no definitive explanation has emerged in the crypto community. Yet, it’s possible that the truth is far more straightforward than the speculation indicates. Bitcoin has been and will always be a high-risk investment, dra… Read More “Bitcoin Set For Worst Day In 16 Months After Major Reversal From All-Time High: Chart Shows 2 Bearish Signals”

Technology Stocks Retreat and Drag the Overall Market Lower

Published by
Barchart

The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -1.02%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -1.04%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.80%. Stock indexes retreated Tuesday, with the S&P 500, Dow Jones Industrials, and Nasdaq 100 falling to 1-1/2 week lows. Weakness in technology stocks weighed on the overall market as some negative corporate news undercut tech stocks. Apple closed down more than -2% after figures from Counterpoint Research showed iPhone sales in China fell by -24% in the first six weeks of this year. Also, Tesla closed down more t… Read More “Technology Stocks Retreat and Drag the Overall Market Lower”

Could This Big Multistate Cannabis Company Take Over The Massachusetts Cannabis Market? Latest Acquisition Hints At Intentions

Published by
Benzinga

John Hartmann, CEO of Ascend Wellness Holdings Inc (OTC:AAWH), is gearing up to share his industry expertise at the Benzinga Cannabis Capital Conference on April 16 and 17. He will delve into optimizing retail experiences to align with cannabis consumers’ dynamic expectations, emphasizing the critical role of data and innovation in charting a successful course in the market. Hartmann’s presentation is expected to reflect AWH’s strategic objectives and adept navigation of the complex cannabis landscape. Bridging Innovation with ExpansionThis focus on innovation and market adaptation sets the st… Read More “Could This Big Multistate Cannabis Company Take Over The Massachusetts Cannabis Market? Latest Acquisition Hints At Intentions”

New York Man Pimp, Inspired By ‘Dexter,’ Guilty Of Cutting Up Woman With Saw For Insurance

Published by
Tampa Free Press

A federal jury in New York returned a guilty verdict against a man on all counts of a superseding indictment charging him with murder-for-hire, murder-for-hire conspiracy, wire fraud conspiracy, aggravated identity theft, and fraudulent use of identification relating to a scheme to fraudulently obtain life insurance policies in the name of a woman, murder her and collect the insurance proceeds. The verdict followed a two-week trial. Cory Martin faces a mandatory sentence of life imprisonment. “It is fitting that that Martin faces a mandatory sentence to spend the rest of his life in prison for… Read More “New York Man Pimp, Inspired By ‘Dexter,’ Guilty Of Cutting Up Woman With Saw For Insurance”