Author: Fernanda T
-
White House and SEC Diverge on FIT21, IBIT Sees Significant Inflows, and More Crypto News
BlackRock Bitcoin ETF records $290 million inflows on Tuesday On May 21, spot Bitcoin ETFs accumulated nearly $300 million in net inflows. BlackRock’s popular Bitcoin ETF (NASDAQ:IBIT) saw a significant increase in activity, with inflows of over $290 million on Tuesday, the highest daily amount since April 5. IBIT’s total holdings now exceed $19 billion,…
-
U.S. Index Futures Dip Amid Wall Street Anxiety; Oil Prices Decline
U.S. index futures started Wednesday with a slight decline in pre-market trading, with an air of anticipation due to the imminent results from Nvidia (NASDAQ:NVDA) and after the S&P 500 and Nasdaq indices reached record highs the previous day. At 6:29 AM, Dow Jones futures (DOWI:DJI) fell 47 points, or 0.12%. S&P 500 futures declined…
-
Nvidia Profits Set to Challenge Historic High Market; GE Aerospace Announces New Hires, and More News
Earnings Nvidia (NASDAQ:NVDA) – Nvidia’s earnings, viewed as a barometer for the growing AI industry, will be released after the market closes on Wednesday. The results will also serve as a critical indicator for the US stock market, which has reached record highs. Analysts estimate that Nvidia will report earnings per share of $5.17 on…
-
Expectations on Ethereum ETFs’ Imminent Decision; Updates on Gala Games Hack, and More Crypto News
High expectations before the SEC’s decision on Ether ETFs The SEC has requested updates to the 19-b4 filings for Ethereum ETF candidates, boosting optimism for future approvals. As the deadline for the decision on Ether ETFs approaches, the market is anxious. In response, volatility in the cryptocurrency market increases, with mixed expectations about the outcome.…
-
CalPERS to Oppose Exxon Mobil Directors; Microsoft Unveils Copilot+ PCs with AI Focus, and More News
Exxon Mobil (NYSE:XOM) – The California Public Employees’ Retirement System (CalPERS) announced it will vote against Exxon’s 12 board nominees, citing the company’s legal action against activist investors. CalPERS warned in a letter that such legal action could diminish investors’ roles and rights in influencing the company’s financial outcomes. The vote will take place at…
-
U.S. Index Futures Open Lower Amid Nasdaq Record, Fed Speeches
U.S. index futures opened slightly lower in pre-market trading on Tuesday, reflecting investor caution after the Nasdaq hit a record high close, while the market remains attentive to speeches from various Federal Reserve members. At 7:27 AM, Dow Jones futures (DOWI:DJI) fell 4 points, or 0.01%. S&P 500 futures declined 0.01%, and Nasdaq-100 futures lost…
-
Ethereum ETFs Decision Nears, Peter Mintzberg Named New Grayscale CEO, and More Crypto News
Imminent SEC decision on Ethereum ETFs generates cautious expectations The SEC is set to issue a new decision on Ethereum ETFs this week, with mixed expectations among experts. Despite recent concerns, including Grayscale decisions that have strained the market, the expectation is that the SEC might finally start accepting exchange-traded funds in stages. VanEck and…
-
Li Auto Stocks Drop Post Earnings; Calhoun Re-elected to Boeing Board, and More News
Li Auto (NASDAQ:LI) – Li Auto shares fell 4.5% in pre-market trading after reporting first-quarter results. Li Auto’s vehicle revenues of 24.25 billion yuan (US$ 3.4 billion) increased 32% year-over-year but fell short of the expected 26.71 billion yuan. Deliveries of the Chinese automaker’s first pure electric car were below targets, resulting in a net…
-
U.S. Index Futures Edge Slightly Higher in Pre-Market Trading, Oil Prices Dip
U.S. index futures showed a slight uptick in Monday’s pre-market, buoyed by the Dow Jones closing above the significant 40,000 point mark for the first time the previous week. At 6:16 AM, Dow Jones futures (DOWI:DJI) rose 13 points, or 0.03%. S&P 500 futures advanced 0.10%, and Nasdaq-100 futures gained 0.18%. The 10-year Treasury yield…
-
Bitcoin Hits $67K, US Faces Crucial Vote on Crypto Regulation, and More
Bitcoin reaches $67k on Friday after institutional drives and regulatory expectations On Friday, Bitcoin’s price (COIN:BTCUSD) experienced a strong recovery, surpassing US$ 67,000 after a brief drop below US$ 65,000 the previous day. Bitcoin’s price was currently around US$ 67,160, with a 3% increase over 24 hours. The recovery was fueled by several positive entries…