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The last few years have seen the US stock market continue to embrace the growth of artificial intelligence. With this technology becoming the backbone of the tech sector, it has played a major role on Wall Street. This led many to wonder what Amazon’s (AMZN) AI startup reaching $1.4 billion in revenue means for the e-commerce stock. Amazon has been one of the clearest images of successful diversification for companies in 2025. It has continued to thrive in the e-commerce and digital advertising spaces for many years. However, its shift toward cloud computing and AI applications has made a popular investment for the foreseeable future. Source: Amazon Also Read: Buy Amazon (AMZN) Stock? Analysts Predict 30% Surgeᅳ Here’s Why Amazon AI Startup Surges: Can it Push AMZN in 2025? The US stock market finally reversed what had been a troubling few weeks on Wednesday. Among the reversals was Amazon, which was up more than 1% at the midway point in the day. The company has continued to thri...

Falling in line with President Joe Biden’s tax plan, which would increase the capital gains tax to 44.6% and the unrealized gains tax to 25%, Vice President Kamala Harris vowed to support the plan if elected. If adopted, the tax plan would bring $5 trillion in revenue over the next decade, allowing the U.S. government to address the growing deficit and potentially start reducing the ever-increasing debt, which recently surpassed the $35 trillion mark. Who will be affected by Harris’s unrealized gains tax? It’s worth noting that Biden’s proposed 25% tax on unrealized gains would solely affect individual taxpayers with over $100 million in net assets. Picks for you Top 3 AI cryptocurrencies to buy ahead of Nvidia earnings 44 mins ago Kei...

Binance US reportedly cut more than 200 jobs last year after it was dealt a ‘near-mortal blow’ when a Securities and Exchange Commission (SEC) lawsuit accused it of wash trading, diverting regulatory attention, and offering unregistered securities.  In the wake of the lawsuit, the company reportedly suffered a 75% plunge in revenue and is struggling to find new banking partners after losing two already. In addition, the exchange reportedly has fewer than five market makers after previously being partnered with 20.   The revelations were revealed in a deposition shared on Tuesday in which Christopher Blodgett, the COO of Binance.US arm BAM trading, is recorded giving witness statements. Blodgett admitted, “Our trading volumes and business more generally have imploded,” and claimed the SEC lawsuit has, “ At the highest level… dealt an almost near-mortal blow .”   NEW: In court filings released today, Binance US COO Christopher Blodgett said in a December deposition that ...

Analysts say the fast-approaching halving will likely cut miners’ USD value revenue to $500 million monthly. The fourth Bitcoin (BTC) halving , expected to happen on April 23, 2024, will likely bring miners’ revenue in the U.S. dollar back to the FTX crash epoch, slashing it by half. Bitcoin mining revenue in BTC vs USD | Source: Glassnode You might also like: Bitcoin halving : what it is and how it may affect the price According to calculations done by Glassnode, the value issued to Bitcoin miners via newly minted supply is currently standing at the $1 billion per month level. However, after the 2024 halving , it would be cut to around $500 million per month, a level last seen in late 2022, when miners generated nearly $450 million per month amid the FTX crash. In the meantime, the difficulty of Bitcoin mining on Nov. 13, 2023, increased by 3.55%, reaching its maximum at 64.68 T, according to BTC.com. The average hash rate since the previous value c...