FactoryTh BMI (a unit of Fitch Solutions) increased its 2024 copper price forecast from $9,200/tonne to $9,600/tonne, as prices continue to be led by investor sentiment that is tilted towards a rate cut by the U.S. Federal Reserve in the third quarter. Copper has pulled back since surging to aContinue Reading
Galeanu Mihai/iStock via Getty Images Large language models, or LLMs, already influence around 20% of Meta Platforms'(NASDAQ:META) content generation and monetization efforts, Needham noted citing some former employees of the social media company. Generative AI, or GenAI, today is already driving transformative advertising capabilities at Meta including the Advantage+ product,Continue Reading
BTIG has raised its price target for crypto miner Core Scientific Inc (NASDAQ:) to $15 from $10, citing new data center contracts and growth potential in the mining sector. BTIG’s BTC mining basket, comprising 14 companies, has an aggregate hash rate of about 138 EH, which represents 23% of theContinue Reading
Gajus United Parcel Service (NYSE:UPS) announced on Sunday that it has entered into an agreement to sell its Coyote Logistics business unit to RXO (NYSE:RXO) for $1.025 billion. The transaction is expected to close before the end of the year. “As UPS positions itself to become the premium small packageContinue Reading
