Finance

California Governor Condemns xAI's Chatbot Over AI-Generated Child Exploitation Images, Calls for Regulatory Review

Governor Gavin Newsom urges prompt investigation by state authorities into xAI's Grok amid growing concerns about AI-facilitated sexual deepfakes of minors

Governor Gavin Newsom has publicly denounced Elon Musk's AI firm xAI and its chatbot Grok for generating and disseminating AI-produced sexual images i...

Melania Token Surges Significantly in Early 2026 Amid Documentary Release, Outpacing Trump Coin

Speculative interest in MELANIA memecoin spikes with anticipation of First Lady Melania Trump's documentary debut on Amazon Prime Video

The MELANIA memecoin, based on the Solana blockchain, has demonstrated impressive gains in 2026, rallying nearly 50% year-to-date. This growth outpace...

Biohaven Ltd. Sees After-Hours Stock Uptick Amid Pipeline Developments and Upcoming Milestones

Shares of Biohaven (NYSE: BHVN) rise following recent data disclosures and trial advancements, with significant catalysts expected in 2026

Biohaven Ltd., a biopharmaceutical company based in Connecticut, experienced a notable increase in its stock price during after-hours trading, driven ...

Elon Musk Confident as Kalshi Markets Signal Improved Prospects in Legal Battle with OpenAI and Microsoft

Prediction markets show rising chances for Tesla CEO's trial success amid escalating dispute with AI industry giants

Tesla CEO Elon Musk expressed strong confidence in his upcoming trial against OpenAI, its CEO Sam Altman, and Microsoft, as prediction market Kalshi r...

Cathie Wood Adjusts Tesla Holdings Amid Autonomous Vehicle Optimism, Expands Chipmaker Positions Despite Regulatory Pressures

Significant Portfolio Moves Include Tesla Stock Sales and Broadcom Share Acquisitions as TSMC Production Limits Influence Investment Choices

Cathie Wood's Ark Invest executed notable transactions involving Tesla, Broadcom, and Taiwan Semiconductor Manufacturing Co. on Wednesday. The strateg...

Bitcoin Approaches $97,000 As Senate Prepares for Crypto Regulation Vote Amid Global Market Shifts

Amid geopolitical tensions and regulatory anticipation, Bitcoin rallies while Ethereum and other altcoins show mixed performance

Bitcoin has surged to near $97,000, marking a two-month peak supported by increased speculative activity and optimism surrounding an impending Senate ...

U.S. Imposes 25% Tariffs on Leading AI Chips to Curb Foreign Dependency

President Enacts Tariffs on Nvidia and AMD AI Processors, Aiming to Bolster Domestic Semiconductor Manufacturing

President Donald Trump has enacted a 25% tariff on specific advanced artificial intelligence chips produced by Nvidia and Advanced Micro Devices follo...

Market Movements and Key Stock Developments on Wednesday

Technology Sector Faces Pressure While Selected Stocks Show Notable Activity

U.S. stock indices experienced declines on Wednesday, with the Nasdaq leading the drop due to pressure in technology shares. Meanwhile, individual sto...

Assessing the Feasibility of XRP Reaching the $100 Threshold

Examining Market Dynamics, Regulatory Impacts, and Supply Considerations for XRP in 2026

In 2026, XRP has experienced significant price growth, prompting speculation about the possibility of it reaching a $100 valuation. Following regulato...

Social Media Backlash Targets Chipotle Amid Investor Bill Ackman's Controversial Donation

Chipotle Seeks to Distance Itself from Investor Amid Boycott Calls Following Donation to ICE Agent's Defense Fund

Chipotle Mexican Grill faces social media-driven boycott calls after billionaire investor Bill Ackman donated to a legal defense fund for an ICE agent...

Leading Bank Executives Sound Alarm on Proposed 10% Credit Card Interest Rate Cap

Industry Leaders Predict Lending Restrictions and Economic Slowdown if Rate Limit Enacted

Senior figures from major U.S. banks have raised concerns over a proposed 10% ceiling on credit card interest rates, cautioning that such a limit coul...

Third Point LLC Exits Workday Stake for the Second Time in 2025 Amid Mixed Analyst Reactions

Workday posts Q3 earnings beat, yet shares decline alongside cautious price target revisions

Activist hedge fund Third Point LLC, led by Dan Loeb, has completely divested its holdings in Workday, Inc. for the second time this year, coinciding ...