Author: Fernanda T
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Match Group Soars 8% Amid Potential Sale Pressure; Deutsche Bank Anticipates 2Q Loss, and More
Match Group (NASDAQ:MTCH) – The activist investor Starboard, which holds more than 6.5% of Match, the owner of Tinder, is pushing for a sale of the company if the recovery does not occur, according to the Wall Street Journal. Starboard suggests improvements in Tinder, Match’s primary revenue source, and sees potential in Hinge. If changes…
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Bitcoin Surpasses $63K, Miners Accumulate, Exchanges Limit Brokerage Fee Discounts
Bitcoin overcomes obstacles and renews market optimism On July 15, Bitcoin (COIN:BTCUSD) surpassed the $63,000 mark, trading up 4.6% in the last 24 hours at $63,600. With a 14.11% increase over the last 7 days, Bitcoin has reignited hopes of a full return to the bull market after weeks of lateral movement marked by liquidations.…
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Market Rises Amid Trump Attack and Key Earnings Week
U.S. index futures are rising in pre-market trading on Monday as investors react to the attempted assassination of former President Donald Trump and prepare for a crucial week of important corporate earnings releases. At 5:57 AM, Dow Jones futures (DOWI:DJI) rose 191 points, or 0.47%. S&P 500 futures gained 0.42%, and Nasdaq-100 futures advanced 0.50%.…
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Alphabet Nears $23 Billion Wiz Acquisition, Trump Media Stock Soars 63% Pre-Market, and More
Alphabet (NASDAQ:GOOGL) – Alphabet is close to buying the cybersecurity startup Wiz for approximately $23 billion, marking its largest acquisition to date. Wiz, which offers AI-driven cloud security solutions, could close the deal soon. The stock rose 0.04% in pre-market trading. Trump Media (NASDAQ:DJT) – The shares of Trump Media & Technology Group Corp. surged…
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Bitfarms Calls Shareholder Meeting, Iris Energy Volatility, XRP Gains, FIL Declines
Bitfarms calls shareholder meeting in response to Riot Platforms’ acquisition attempt Bitfarms (NASDAQ:BITF), a cryptocurrency mining company, has scheduled a shareholder meeting for October 29 in response to a $950 million acquisition bid by Riot Platforms (NASDAQ:RIOT). Riot, which has already attempted to replace Bitfarms’ board members to advance its acquisition bid, faces resistance from…
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U.S. Index Futures Steady Ahead of Key Economic Data and Earnings Reports; Oil Prices Climb
U.S. index futures are little changed in pre-market trading this Friday, with traders focused on the imminent release of June’s producer price index results and the quarterly earnings reports from financial sector giants. As of 5:52 AM, Dow Jones (DOWI:DJI) futures were up 31 points, or 0.08%. S&P 500 futures gained 0.08%, while Nasdaq-100 futures…
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Ericsson Reports 14% Profit Increase, UBS Downgrades Tesla Shares, Ozempic Linked to Reduced Dementia Risk
Ericsson AB (NASDAQ:ERIC) – Ericsson AB exceeded analysts’ expectations in the second quarter, benefiting from cost-cutting measures amid a challenging market. The Swedish company reported a 14% increase in adjusted earnings before interest and taxes, reaching $307 million (3.23 billion Swedish kronor), excluding amortizations. Despite a 7% decline in net sales, revenues exceeded projections. The…
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SEC Closes Paxos Investigation, Trump Joins Bitcoin Conference, Ether ETFs Anticipation Soars
SEC closes investigation on Paxos without enforcement action The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Paxos Trust Company without taking any enforcement action. The investigation, which focused on the stablecoin Binance USD (COIN:BUSDUSD), was closed after a federal judge ruled that BUSD sales did not violate securities laws. Paxos, which…
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U.S. Futures Fall Ahead of CPI Report; Oil Prices Rise on Falling Inventories and Stronger Demand
U.S. index futures registered a decline in pre-market trading this Thursday, ahead of the release of an important inflation report, which could reinforce expectations of an interest rate cut as early as September. At 5:39 AM, Dow Jones futures (DOWI:DJI) fell 50 points, or 0.12%. S&P 500 futures retreated 0.11%, and Nasdaq-100 futures lost 0.10%.…
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Costco Hikes Membership Fees; ON Semiconductor Stock Drops 3%; WD-40 Soars 13% on Strong Q3 Earnings
Costco Wholesale (NASDAQ:COST) – Costco has increased its membership fees by $5 for annual members, while the top-tier plan sees a $10 increase. This is the first fee hike since 2017. Shares rose 2.90% in pre-market trading. ON Semiconductor (NASDAQ:ON), Microchip Technology (NASDAQ:MCHP) – Morgan Stanley analysts downgraded ON Semiconductor from “Equal Weight” to “Underweight,”…