Author: Fernanda T
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Buterin Proposes New Ethereum Fee Model, Unofficial Gamestop Memecoin Soars, and More Crypto News
Unofficial Gamestop memecoin reaches $100 million market cap The memecoin Gamestop.Finance, an unofficial parody on Solana based on GameStop (NYSE:GME), briefly hit a $100 million market cap due to a trading frenzy, reaching a peak of $0.01449. At the time of writing, GME has increased by 2,109% in a week and is trading at $0.01234,…
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Walmart Corporate Job Cuts and Office Centralization, GameStop and AMC Surge, and More News
Walmart (NYSE:WMT) – Walmart is reducing corporate jobs and urging remote workers to move to offices, according to the Wall Street Journal. Smaller offices in Dallas, Atlanta, and Toronto are being redirected to hubs like the headquarters in Bentonville or Hoboken. The company allows part-time remote work but prioritizes office presence. Walmart is about to…
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US Futures Remain Steady Amid Wall Street Caution Ahead of April PPI Report
U.S. index futures are almost unchanged in pre-market trading this Tuesday, reflecting Wall Street’s caution ahead of key inflation reports. At 6:37 AM, the Dow Jones (DOWI:DJI) futures rose 4 points, or +0.01%. S&P 500 futures advanced 0.01%, and Nasdaq-100 futures dropped 0.01%. The yield on 10-year Treasury notes was at 4.477%. In the commodities…
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Inactive BTC Wallets Transact $62.8 Million, Degen Chain Faces Shutdown, and More Crypto News
Bitcoin wallets inactive for a decade move $62.8 million Two Bitcoin wallets (COIN:BTCUSD), inactive for over ten years, activated on Sunday (12) to transfer a total of 1,000 BTC, which corresponds to over $62.8 million at current prices. The addresses, which received 500 BTC each on September 12, 2013, when the value of Bitcoin was…
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Arm Sets 2025 Target for AI Chip Development, Amazon and Microsoft Commit Billions to French Investments, and More
Arm Holdings (NASDAQ:ARM) – SoftBank is collaborating with Arm to develop AI chips, aiming to start mass production in 2025. SoftBank is financially contributing, negotiating with manufacturers like TSMC (NYSE:TSM). Amazon (NASDAQ:AMZN) – France secured new jobs and investments on Sunday before hosting a foreign investment summit. Macron led the ‘Choose France’ event, aiming to…
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U.S. Futures Climb Amid High Expectations for Inflation Data; Global Markets Show Mixed Reactions
U.S. index futures show an upward trend in Monday’s pre-market following the best week of the year for the Dow Jones. With Wall Street on alert, the market eagerly awaits the release of new inflation data expected this week. At 6:22 AM, Dow Jones futures (DOWI:DJI) rose 30 points, or +0.08%. S&P 500 futures advanced…
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Weekly Surge for Render and Toncoin, US Bancorp Expands Bitcoin ETF Investments, and More in Crypto
Sudden Bitcoin drop after unfavorable economic data and comments from the Dallas FED The price of Bitcoin (COIN:BTCUSD) dropped by -4.1% over the past 24 hours, trading at $60,480, reversing a peak that led the cryptocurrency to reach $63,500. This volatility was triggered by below-expectation US economic data and concerning statements from Dallas Fed President…
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Novavax Surges 57% Post $1.4 Billion Sanofi Deal; Apple Boosts Data Centers with AI and Internal Chips, and More News
Novavax (NASDAQ:NVAX), Sanofi (NASDAQ:SNY) – Novavax closed a $1.4 billion deal with Sanofi to commercialize its Covid-19 vaccine and develop a new combined vaccine against coronavirus and influenza, boosting NVAX shares by 56.70% in pre-market. The deal led Novavax to suspend its continuity warning, reversing its previous financial decline. Apple (NASDAQ:AAPL) – Apple plans to…
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JFrog and Akamai Drop Over 10% Despite Strong Profits; Sweetgreen, Array, SoundHound Surge, and More in Earnings
Akamai Technologies (NASDAQ:AKAM) – Akamai shares fell 10.8% in pre-market, influenced by a disappointing projection for the second quarter. The company estimated adjusted earnings between $1.51 and $1.56 per share, with revenues expected between $967 million and $986 million. In contrast, analysts surveyed by LSEG had expected earnings of $1.63 per share and revenue of…
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U.S. Futures and Global Markets Climb Amid Sustained Optimism
U.S. futures are trading higher in pre-market this Friday, after the Dow Jones extended its streak of gains to seven sessions yesterday. As of 7:05 AM, Dow Jones futures (DOWI:DJI) were up 100 points, or +0.25%. S&P 500 futures advanced 0.32%, and Nasdaq-100 futures gained 0.41%. The yield on 10-year Treasury notes was at 4.465%.…