Author: Fernanda T
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Bitcoin Stabilizes at $62,000, SEC Delays Exodus NYSE Listing, and More Crypto News
Bitcoin hovers at $62K amid favorable macroeconomic data On May 9, Bitcoin (COIN:BTCUSD) is showing signs of recovery as new U.S. macroeconomic data revealed an unexpected rise in unemployment claims, hitting a nine-month high. At last check, the cryptocurrency was up 1.4% over the last 24 hours at $62,038. This situation is generating expectations of…
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Airbnb Stocks Drop 8% Amid Bleak Outlook; Bumble Surges 14% on Global Download Rise, and More in Earnings
Airbnb (NASDAQ:ABNB) – Airbnb’s shares fell 8.4% in pre-market trading despite surpassing first-quarter expectations with earnings per share of 41 cents, compared to the expected 24 cents, and a revenue of $2.14 billion, beating the forecast of $2.06 billion. However, the company provided a less optimistic outlook for the future. Airbnb projected second-quarter revenue to…
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Bain Capital in Talks to Acquire PowerSchool; Blackstone Emerges Victorious in Hipgnosis Bidding War, and More News
Bain Capital (NYSE:BCSF), PowerSchool Holdings (NYSE:PWSC) – Bain Capital is in talks to purchase PowerSchool, an educational software provider, in a private deal that could value the company at about $6 billion, including debt. PowerSchool provides cloud-based software for primary education in North America, serving over 50 million students in more than 90 countries. Blackstone…
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U.S. Index Futures Dip, Bank of England Holds Interest Rates at 5.25%
U.S. index futures are trading lower in pre-market trading on Thursday, halting momentum after the Dow Jones had closed higher for six consecutive sessions, the longest winning streak of 2024 for the index so far. As of 7:05 AM, Dow Jones futures (DOWI:DJI) fell 81 points, or -0.21%. S&P 500 futures fell -0.20%, and Nasdaq-100…
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Coincheck’s Nasdaq Listing Plans, FTX’s 118% Creditor Refunds, and Latest Crypto News
Coincheck prepares Nasdaq listing via SPAC, following in Coinbase’s footsteps Coincheck is on track to become the second cryptocurrency exchange to be publicly listed in the US, joining Coinbase Global (NASDAQ:COIN). The company plans to finalize its listing on Nasdaq in the second or third quarter of this year through a merger with SPAC Thunder…
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U.S. Futures Slightly Dip Amid Corporate Earnings and Quiet Economic Calendar, Oil Prices Fall
U.S. index futures show slightly negative fluctuations on a day with a limited economic agenda, as investors await statements from key Federal Reserve officials. Throughout the day, figures such as Vice Chairman Philip Jefferson, Boston Fed President Susan Collins, and Fed Director Lisa Cook are expected to share their perspectives, potentially influencing market expectations. At…
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Meta Platforms Expands AI Ads, Apple Boosts iPhone Shipments, and More Highlights
Meta Platforms (NASDAQ:META) – Meta announced the expansion of its AI-generated ad products, enabling the automatic creation of image variations and text overlay. The tool, currently in testing, aims to simplify campaign creation but faces concerns about third-party use of intellectual property. Apple (NASDAQ:AAPL) – Chinese shipments of iPhones increased by 12% in March, following…
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Reddit Rises 15% After First Quarterly Report, Upstart and Twilio Plunge Due to Weak Q2 Forecast, and More in Earnings
Reddit (NYSE:RDDT) – Shares of the social media company rose 15% in pre-market trading due to better-than-expected quarterly earnings in its first report since the company went public in March. Reddit generated revenue of $243 million, surpassing the $212.8 million expected by FactSet analysts. The loss per share was $8.19, which may not be directly…
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Tellor Tributes Skyrocket 104% in May, Marathon Digital Set to Enter S&P SmallCap 600, and More Crypto News
Tellor Tributes surges over 100% in May In May, Tellor Tributes (COIN:TRBUSD), a decentralized oracle network, saw impressive growth, nearly doubling its market capitalization at the beginning of the month. Tellor’s market value surged from $143.32 million on April 30 to $290.3 million on May 7. This increase is associated with growth in whale activity…
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U.S. Index Futures Mixed in Pre-Market Tuesday, Oil Dip
U.S. index futures signal a mixed opening this Tuesday in pre-market trading, reflecting investors’ caution as they assess the latest quarterly results. At 6:44 AM, the futures of the Dow Jones Industrial Average (DOWI:DJI) were up 66 points, or 0.17%. S&P 500 futures advanced 0.05%, and Nasdaq-100 futures fell -0.14%. The yield on 10-year Treasury…