A chart master forecasts bitcoin’s coming price corrections, how much it can pull back, and how high it can rally
The perfect storm has converged, leading to a rally for bitcoin and the broader crypto market. And while no one can be sure how this rally will play out, many look to bitcoin’s historical behavior to predict its coming price action. Bitcoin’s price rally comes as no surprise to its enthusiasts, who anticipate a rally…
Spotify Wrapped was a flop for some music listeners this year
Spotify Wrapped 2024 debuted this week with some new features — and not everyone loved the results. Spotify Wrapped came out Wednesday, and some of the platform’s users are already eager to put it behind them. The streaming company’s year-end recap gives people insight into their listening habits each year, via stats like their top…
Stock market today: Indexes end lower as traders look to jobs report for clues on Fed policy
NYSE traders Indexes ended lower on Thursday as traders’ attention remained fixed on the upcoming November jobs report due Friday morning. The major averages ended slightly lower, while bond yields were little changed. The 10-year Treasury yield was about flat at 4.178% Economists polled by FactSet expect the jobs data to show that US employers…
TikTok’s plan to bring social shopping to the US is really starting to pay off
TikTok Shop crossed $100 million in US sales on Black Friday. Social platforms have spent years trying to get Americans to buy stuff from videos, posts, and livestreams. That bet seems to finally be paying off. The 2024 holiday sales from social media — driven by TikTok Shop and influencer affiliates, among other factors —…
Trump picks David Sacks as the White House’s AI and crypto czar
David Sacks was named Trump’s AI and crypto czar on Thursday. President-elect Donald Trump has named David Sacks as his White House artificial intelligence and crypto czar. “David will focus on making America the clear global leader in both areas. He will safeguard Free Speech online, and steer us away from Big Tech bias and…
OpenAI rolls out the full version of o1, its hot reasoning model
OpenAI CEO Sam Altman. On Thursday, OpenAI released the full version of its hot new reasoning model as part of the company’s 12-day sprint of product launches and demos. The model, known as o1, was released in a preview mode in September. OpenAI CEO Sam Altman said during day one of the company’s livestream that…
Cameo’s CEO says the platform is for everyone — even controversial politicians
Cameo CEO Steven Galanis told B-17 that, failed politician or not, the social platform is a marketplace for the notable. Days after former Florida Rep. Matt Gaetz withdrew his consideration to be Donald Trump’s US attorney general in late November, the lawmaker made a move that’s becoming increasingly familiar for controversial figures on the Hill.…
Amazon cloud executives share their latest AI strategies, and why choice matters more than owning the top model
AWS CEO Matt Garman Amazon believes AI models are not in a winner-take-all market. The company drilled down on this message during this week’s re:Invent, the annual extravaganza for its Amazon Web Services cloud unit. Even after unveiling a new series of homegrown AI models called Nova, which, by some measures, are as powerful as…
China’s cheap goods are threatening to undermine its influence in the developing world
Cheap Chinese goods, including electronic vehicles, textiles, and steel, are flooding countries such as Indonesia. China is seeking to portray itself as the champion of the world’s so-called “Global South” of non-Western rising economies. But in its quest for influence, it’s running up against an obstacle — a rising backlash to its trade practices. From…
