News

GameStop Corp. (GME) reported mixed results for its fourth quarter, falling short of revenue expectations but exceeding earnings estimates. While total revenue of $1.283 billion missed the $1.48 billion consensus, adjusted earnings per share came in at 30 cents, surpassing the 8-cent analyst estimate.

AMD CEO Lisa Su sees DeepSeek's innovative approach to AI as a global influence, while acknowledging the need for new solutions in the face of slowing silicon advancements. Su emphasizes AMD's investments in chiplet architecture, 3D stacking, and next-gen packaging to optimize performance beyond just silicon.

The cryptocurrency market is experiencing flat trading despite GameStop's Bitcoin acquisition, with increased large transactions and active addresses suggesting potential investor activity. However, liquidations and exchange netflows indicate a shift away from selling pressure, while whale accumulation and technical analysis point towards a potential bull market continuation.

XRP has defied the downward trend of other major cryptocurrencies in 2023, surging 17% year-to-date and becoming the third-largest cryptocurrency by market capitalization. This impressive performance is attributed to factors such as the retirement of former SEC Chair Gary Gensler, the potential inclusion of XRP in a U.S. digital asset stockpile, and the end of the SEC's enforcement action against Ripple Labs.

PIMCO, a global investment management firm, predicts a 30-35% chance of a recession in the U.S. economy in 2025, despite the ongoing tariff battle and the Federal Reserve's projections of higher inflation and lower growth. However, the firm believes any recession would be mild and short-lived, and that stagflation is unlikely.