US stocks declined on Wednesday as investors reacted to a surge in Treasury yields, which added to their existing concerns about the potential impact of recent data on interest rates.

lackRock is currently competing with Grayscale Investments to manage the largest amount of assets through exchange-traded funds (ETFs) that track bitcoin prices. Despite Grayscale’s initial dominance with approximately $24 billion in assets under management through its Grayscale Bitcoin Trust,

Shares of health insurers plummeted on Wednesday following a warning from the CEO of UnitedHealth Group regarding lower premium payments due to a decrease in Medicaid enrollment. During a conference in New York, CEO Andrew Witty expressed concerns about the impact of changes in Medicaid patient numbers on the health insurance industry.

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According to the Financial Times, ConocoPhillips is currently engaged in advanced discussions to acquire Marathon Oil in an all-stock transaction. The deal is expected to value Marathon Oil slightly above its market value of $15 billion

According to Winston Ma, an adjunct professor at NYU School of Law, China’s new third semiconductor fund will prioritize advanced chips for artificial intelligence (AI) and the development of the entire supply chain.

On Tuesday, Nvidia (NVDA) stock broke new ground, trading above $1,100 for the first time ever. This surge allowed shares to surpass their previous record closing high, with the day ending above $1,140.