Bitcoin and Altcoins Erase Year's Profits as Prices Fall 20% From October Peak
The Crash It took just over a month for cryptocurrencies to erase almost all of 2025's gains. Total crypto market value peaked at nearly $4.4 trillion on October 6. A 20% decline since then leaves the asset class up a modest 2.5% for the year, according to CoinGecko. The downturn began with sudden liquidation of […]
Google Announces Ironwood - Its Most Powerful AI Chip Yet - With 4x Speed Boost
The New Chip Google unveiled Ironwood Thursday - its most powerful AI chip yet. The seventh-generation Tensor Processing Unit will be widely available in coming weeks. Ironwood is designed for the heaviest AI workloads, from training large models to powering real-time chatbots and AI agents. Google says it's more than four times faster than its […]
Americans' Confidence Crashes to Lowest Since 2022 as Government Shutdown Drags On
The Plunge Consumer sentiment crashed in November. The University of Michigan's Index of Consumer Sentiment hit 50.3 - down 6.2% from October's 53.6 and about 30% below a year ago. Economists expected 53.0. The actual reading came in well below that forecast. Sentiment hasn't been this low since June 2022, when inflation hovered around its […]
SoftBank Plunges Again as AI Bubble Fears Send Tech Stocks Tumbling Globally
The Selloff SoftBank shares plunged over 8% Friday, extending a brutal week for the Japanese tech investor. The company faces roughly $53 billion in market cap losses if Friday's decline holds. SoftBank had already dropped 10% Wednesday - its worst day since April - before gaining nearly 3% Thursday. Friday's slide erased that brief recovery. […]
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