Check out the companies making the biggest moves premarket: Cerebras — The semiconductor company dropped 11% after posting its first earnings report since going public in May. Cerebras reported a first-quarter loss of 22 cents on revenues of $193.4 million. The company also said core gross margin is expected to shrink to between 36% and…
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Michael Saylor, co-founder of Strategy, the world’s largest publicly listed bitcoin holder, has a new term for Wall Street’s most elite stocks and a congratulatory message for Elon Musk. Following SpaceX’s historic Nasdaq debut on Friday, the Strategy chairman took to X to congratulate Musk, noting that with SpaceX now public, 25% of what he…
An initiative to ban the U.S. Federal Reserve from issuing a government-run digital dollar has been approved in an overwhelmingly bipartisan 89-10 vote in the Senate, but it’s tucked inside a housing bill that may run into headwinds in the U.S. House of Representatives. The effort to outlaw a central bank digital currency (CBDC) has…
Train travel could soon become even better, with passengers able to savour their favourite delicacies from popular brands, right on board!Indian Railways has begun testing a revamped on-board catering model on selected trains, as the Indian Railway Catering and Tourism Corporation Ltd (IRCTC) looks to upgrade the quality and delivery of meals served to passengers….
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The United States will lose its leadership position in crypto to other countries, including China, if US lawmakers fail to pass the Digital Asset Market Clarity Act (CLARITY), a crypto market structure bill, according to Wyoming Senator Cynthia Lummis. Passing a comprehensive crypto regulatory framework would “ensure” that other countries “do not write the rules…
BENGALURU: As India pushes to build a stronger domestic semiconductor industry, Bengaluru-based AGNIT Semiconductors has opened a new testing laboratory at the Indian Institute of Science (IISc), aiming to speed up the development of specialised chips used in telecommunications and defence systems.The startup, incubated at IISc, has invested Rs 3 crore in the 350 sqft…
