Author: Fernanda T

Bitcoin and cryptocurrencies rebound after positive economic data and ETFs impact Bitcoin’s price (COIN:BTCUSD) reached a peak of $61,720 during Asian trading before retreating to just over $60,220 within 24 hours. This recovery followed lower-than-expected jobless claims, calming investors and leading to a market-wide rebound after Monday’s sharp decline. Additionally, the recovery mirrored the positive…

U.S. stock futures advanced in pre-market trading on Friday, extending the recovery seen on Thursday after Monday’s selloff. Despite recent gains, the S&P 500, Nasdaq, and Dow are still down for the week. At 5:07 AM ET, Dow Jones futures (DOWI:DJI) rose 70 points or 0.18%. S&P 500 futures gained 0.34%, and Nasdaq-100 futures advanced…

Sweetgreen (NYSE:SG) – The healthy restaurant chain reported second-quarter revenue of $184.6 million, up 21% year-over-year, above the $180.8 million expected. The company reduced its net loss to $14.5 million and raised its annual revenue forecast to $670-680 million. Same-store sales are expected to grow 5% to 7%. Shares rose 22.2% in pre-market trading. Doximity…

Crypto market rises with US unemployment improvement In the last 24 hours, Bitcoin’s price (COIN:BTCUSD) surged 8.1% to $59,475 on Thursday, driven by better-than-expected US unemployment data. Initial jobless claims were 233,000, below forecasts, boosting economic optimism and easing recession fears. Ethereum (COIN:ETHUSD) rose 10.8% to $2,588, while Solana (COIN:SOLUSD) (8.6%), Binance Coin (COIN:BNBUSD) (6.7%),…

U.S. index futures fell in pre-market trading on Thursday, signaling persistent market volatility. Following a tumultuous Wednesday, these movements suggest that economic and geopolitical concerns will continue to keep investors cautious in the coming months. At 4:43 AM ET, Dow Jones futures (DOWI:DJI) fell 95 points or 0.24%. S&P 500 futures lost 0.20%, and Nasdaq-100…

Bumble (NASDAQ:BMBL) – The dating and networking app reported a Q2 profit of $37.7 million (22 cents per share), beating the expected 15 cents, but its revenue was $268.6 million, below the $273 million forecast. For 2024, the company projects revenue growth of 1% to 2%, below the previous expectations of 8% to 11%. Shares…

Grayscale launches new crypto funds: Bittensor and Sui Grayscale Investments has launched two new funds: Grayscale Bittensor Trust and Grayscale Sui Trust, focusing on decentralized AI and scalable blockchain, respectively. Bittensor Trust invests in the TAO token linked to the Bittensor protocol (COIN:TAOBUST), while Sui Trust is dedicated to the SUI token (COIN:SUIUSD) of the…

US index futures rose in pre-market trading on Wednesday following a recovery that ended a three-day losing streak. Analysts question the sustainability of this rebound, predicting continued volatility but highlighting opportunities in the earnings season, with major reports from companies like Disney and CVS Health on the horizon. At 4:42 AM, Dow Jones futures (DOWI:DJI)…