Author: Fernanda T

Tesla (NASDAQ:TSLA) – Tesla reported adjusted earnings per share of 52 cents, below the expected 62 cents. Revenue was $25.50 billion, surpassing the forecast of $24.77 billion. Automotive sales fell 7%, totaling $19.9 billion. Tesla projects lower growth for 2024 and a focus on cost reduction. Shares fell 7.3% pre-market. Alphabet (NASDAQ:GOOGL) – Alphabet exceeded…

Ethereum spot ETFs debut with high demand and impressive volume Launched on July 23, the new Ethereum Spot ETFs attracted significant interest, with an impressive volume of $120 million in just 15 minutes and $361 million in the first 90 minutes. The Grayscale Ethereum Trust ETF (AMEX:ETHE) led with $147.8 million, followed by BlackRock’s ETF…

U.S. index futures slightly retreated in pre-market trading on Tuesday as investors prepare for the release of earnings reports from major companies. At 6:17 AM, Dow Jones futures (DOWI:DJI) fell 4 points, or 0.01%. S&P 500 futures lost 0.15%, and Nasdaq-100 futures dropped 0.29%. The 10-year Treasury yield stood at 4.232%. In the commodities market,…

SAP (NYSE:SAP) – The enterprise software developer for management and business processes reported second-quarter revenue of €8.29 billion, above analysts’ estimates of €8.24 billion from LSEG. Adjusted earnings per share were €1.10, slightly above the €1.09 forecast. For the year, SAP reiterated its forecast for adjusted operating profit between €7.6 billion and €7.9 billion. Shares…

Ethereum celebrates 10th anniversary of its initial coin offering The global blockchain industry is celebrating the tenth anniversary of Ethereum’s initial coin offering (ICO). This occasion marks a decade since Ethereum (COIN:ETHUSD) raised over $18 million in Ether, paid in Bitcoin, following co-founder Vitalik Buterin introducing the project in 2014. The celebration of this milestone…

US index futures advanced in pre-market trading on Monday, driven by investor attention to the US political landscape and Verizon’s quarterly results. At 4:56 AM, Dow Jones futures rose 60 points, or 0.15%. S&P 500 futures gained 0.32%, and Nasdaq-100 futures advanced 0.54%. The yield on 10-year Treasury bonds stood at 4.232%. In the commodities…

Cryptocurrency market recovers despite stock market downturn While the U.S. stock market faced losses on Friday, Bitcoin (COIN:BTCUSD) regained its upward momentum, reaching its highest value in nearly a month, peaking at $66,874.39. This increase coincided with a global IT shutdown and was driven by robust trading volume in BlackRock’s (NASDAQ:IBIT) spot Bitcoin ETF. A…

U.S. stock futures are trending down in pre-market trading this Friday, as investors monitor Netflix‘s results and service disruptions at Microsoft (NASDAQ:MSFT) and CrowdStrike (NASDAQ:CRWD). Other factors influencing the market include the recent rotation favoring indices like the Dow and Russell 2000, but penalizing major tech stocks, affecting the S&P 500 and Nasdaq. Additionally, the…