Author: Fernanda T
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U.S. Index Futures Rise Ahead of Economic Data; Oil Prices Edge Higher
U.S. index futures are showing gains in pre-market trading this Wednesday, with investors expressing optimism while awaiting new economic data and assessing recent corporate earnings results. At 6:32 AM, Dow Jones futures (DOWI:DJI) rose 61 points, or 0.16%. S&P 500 futures advanced 0.23%, and Nasdaq-100 futures gained 0.47%. The 10-year Treasury yield stood at 4.342%.…
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Crypto: CoreWeave’s $1 Billion Bid for Core Scientific, Bitpanda and Deutsche Bank Form Strategic Banking Partnership, and More
Bitcoin nears record high after strong influx into BlackRock’s ETF The price of Bitcoin surged to a high of $71,108.90 on Tuesday, influenced by record inflows into BlackRock’s Bitcoin ETF (NASDAQ:IBIT). Currently, it is priced at $70,919, marking a 3.08% increase in 24 hours. Other cryptocurrencies, such as Ethereum (COIN:ETHUSD), Binance Coin (COIN:BNBUSD), Solana (COIN:SOLUSD),…
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Cryptocurrency Ownership Hits 6.8% Globally; Japanese Exchange Suffers $300 Million Theft, and More in Crypto
Cryptocurrency ownership jumps to $562 million globally in 2024 The number of cryptocurrency owners increased to 562 million in 2024, a 34% growth compared to the previous year. This advancement highlights the growing adoption of digital currencies, now held by 6.8% of the world’s population. South America saw the highest growth, closely followed by North…
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DJT Stock Falls 6% Post-Trump Conviction; UBS Restructures Senior Management for CEO Succession and More News
Trump Media & Technology Group (NASDAQ:DJT) – Trump Media & Technology Group’s stocks fell by 6.1% in pre-market trading after Donald Trump’s conviction for falsifying documents to silence a porn star before the 2016 elections. Sentencing is scheduled for July 11. UBS Group (NYSE:UBS) – UBS has reshuffled its senior management, splitting the wealth management…
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U.S. Index Futures Dip in Pre-Market Amid Earnings Assessments and Upcoming Inflation Report
U.S. index futures are down in pre-market trading on Friday as investors assess a series of corporate earnings ahead of a critical inflation report release. Despite a week of losses, Wall Street is on track to close out May with significant gains. At 7:02 AM, Dow Jones futures (DOWI:DJI) dropped 47 points, or 0.12%. S&P…
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Dell Shares Drop 15% in Pre-Market; Gap Soars 24% on Surprising Quarterly Profits, and More in Earnings
Gap (NYSE:GPS) – Gap reported quarterly earnings of 41 cents per share, along with revenues of $3.39 billion in the first quarter. Analysts surveyed by LSEG had forecasted earnings of 14 cents per share and revenue of $3.29 billion. Shares rose 23.5% in pre-market trading. Dell Technologies (NYSE:DELL) – Dell reported adjusted earnings of $1.27…
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BlackRock’s IBIT Surges as Top Bitcoin ETF, Bitfarms Rejects Riot Platforms Offer, and More Crypto News
Bitfarms rejects Riot Platforms’ $950 million acquisition offer On May 29th, Bitfarms (NASDAQ:BITF) rejected a $950 million acquisition proposal from Riot Platforms (NASDAQ:RIOT), arguing that the offered value was insufficient. Received on April 22nd, the offer consisted of $2.30 per share in cash and stock. The decision was made after analysis by the Special Committee…
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Robinhood Shares Surge 3.3% on Stock Buyback Announcement; Anglo Declines BHP Deadline Extension, and More News
Robinhood Markets (NASDAQ:HOOD) – Robinhood has launched a $1 billion share buyback program, reflecting confidence in the company. The program is expected to be executed over two to three years, starting in the third quarter of 2024, subject to market conditions. Robinhood’s shares rose 3.3% in pre-market trading. Nvidia (NASDAQ:NVDA), Apple (NASDAQ:AAPL) – Nvidia’s shares…
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US Index Futures Drop Amid Rising Treasury Yields and Inflation Concerns, Oil Prices Increase
U.S. index futures are down in pre-market trading this Wednesday, after the Nasdaq Composite reached a new record in the previous session. Investors are focused on rising Treasury yields and increasing inflation concerns. As of 6:25 AM, Dow Jones futures (DOWI:DJI) fell 219 points, or 0.56%. S&P 500 futures dropped 0.56%, and Nasdaq-100 futures lost…
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Semler Scientific Invests in Bitcoin, Riot Platforms Eyes Bitfarms Acquisition, and More Crypto News
Semler Scientific invests $40 million in Bitcoin Semler Scientific (NASDAQ:SMLR), a company specializing in health products, announced the acquisition of 581 Bitcoins for $40 million, highlighting digital currency as a promising investment and store of value. According to CEO Eric Semler, this strategy aims to protect the company against inflation and capitalize on the potential…