The leading cryptocurrency saw a modest recovery after a brutal quarter marked by a 14% price drop and record-breaking outflows from U.S. spot ETFs, as investors grapple with a hawkish Federal Reserve.
The cryptocurrency recovered to over $60,000 on Wednesday, but the move follows a difficult quarter marked by a 14% decline, record outflows from spot ETFs, and persistent macroeconomic pressures.
Colombia's benchmark COLCAP index closed up 0.65% on Friday, lifted by positive performance in the industrial, services, and agriculture sectors. The rise in equities occurred alongside a strengthening of the Colombian peso against the U.S. dollar.
A U.S. bankruptcy judge has ruled that California cannot pursue monetary damages against Chrome Holding Co, the successor to 23andMe, over the 2023 data breach. The decision is a setback for the state's attorney general, who sought millions in civil fines.
A new analysis by Reuters revealed that Meta Platforms' AI image detection tool failed to identify over half of its own AI-generated images after they were cropped, highlighting a key vulnerability in efforts to combat deepfakes.
An internal memo reveals Meta Platforms plans to start manufacturing its custom AI chip in September as part of an aggressive push to double its computing capacity and reduce reliance on external suppliers like Nvidia.
Oil prices are on track for a significant weekly increase, with Brent crude set to gain 6%, as renewed military strikes between the United States and Iran heighten concerns over potential supply disruptions through the Strait of Hormuz.
A series of tit-for-tat military strikes between the U.S. and Iran has roiled the strategic Strait of Hormuz, halting some tanker traffic and causing oil price volatility. Investors are weighing the risk of further escalation against signs that a wider conflict may be avoided.
The central bank lowered its benchmark rate for the second consecutive time, bringing borrowing costs to their lowest since late 2022 amid pressure to curb currency appreciation hurting exporters.
