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Finance

Don\'t jump into AI stocks on rebound, four preconditions before buying

U.S. technology stocks have rebounded, but it is still too early to rush into buying AI data centre-related shares, CNBC cited Jim Cramer as saying. He said a recent bounce in AI beneficiaries does not remove lingering technical and fundamental burdens. Cramer said four conditions must be met for the rally to continue: improved technical indicators, confirmation that big tech earnings support sustained AI investment, reduced uncertainty after the Nov. 3 U.S. midterm elections, and clarity from an Anthropic IPO, which could come as early as November.

Crypto

Vietnam to fine unlicensed crypto trading up to 2,810,000 won from Sept 1

Vietnam will fine individual investors up to 50 million dong for buying and selling cryptocurrencies on platforms not licensed by the finance ministry from Sept. 1. Fines rise to 100 million dong for trading cryptocurrencies allowed only for foreign investors. Operators running unlicensed crypto services or advertising without approval face penalties of up to 200 million dong. The rules also cover customer identity checks and account data handling, alongside a five-year pilot crypto market launched in September 2025.

Crypto

Bitcoin recovers $64,000 level, but trend reversal \'not yet\'

Bitcoin has broken above the $64,000 resistance level, but analysts say signals pointing to a long-term downtrend remain valid. Attention is focused on whether it can settle at the level after briefly rising to $65,511. Technical indicators are mixed, with the dead cross still in place, though trend strength measures suggest weakening bearish momentum. A softer U.S. PPI and lower Fed hike odds have supported risk assets, but caution persists in crypto markets.