Author: Fernanda T
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Robinhood Enters the Election Prediction Market; Bitcoin Tests Resistance; BTC ETFs Attract $997.7M in One Week
Bitcoin resumes rally and tests resistance Bitcoin (COIN:BTCUSD) rose 1.8% in the last 24 hours, recovering losses after dipping to $65,700 on Friday due to a DOJ investigation report on Tether. Tether denied the allegations, and Bitcoin is now trading above the $69,000 mark at $68,054, fueled by a rally that began on Sunday. Meanwhile,…
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US Futures Rise; Oil Prices Drop Over 5% as Middle East Tensions Ease
US index futures rose in Monday’s pre-market as investors awaited major tech earnings, boosting Nasdaq prospects. Optimism was furthered by easing geopolitical tensions following Israel’s strikes on Iran, which avoided critical targets. Traders also look to key economic data this week, including GDP, PCE, and the September jobs report. At 5:21 AM, Dow Jones futures…
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Philips Sales Forecast Cut Sparks Stock Plunge; BP Resumes Libya Exploration; Alibaba Settles for $433 Million
Philips (NYSE:PHG) – In the third quarter, Philips recorded €4.4 billion in sales, a 2% annual decline, though net income doubled to €181 million, and diluted earnings per share rose from €0.09 to €0.19. Adjusted EBITA increased to €516 million, up from €456 million the previous year, reflecting higher margins and a focus on productivity.…
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Lazard to Create Tokenized Funds; Hack Exposes Vulnerability in Base Blockchain, and More
Lazard bets on asset tokenization with Bitfinex and SkyBridge Lazard (NYSE:LAZ), a 175-year-old asset manager, has signed an agreement with Bitfinex Securities and SkyBridge Invest to create tokenized funds regulated by the Astana Financial Services Authority in Kazakhstan. Bitfinex will manage tokenization, while SkyBridge will oversee fund management and brokerage. These products will provide retail…
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US Futures Rise; Oil Prices Edge Higher
US index futures rose in pre-market trading Friday, with optimism around corporate earnings and lower Treasury yields. At 5:18 AM ET, Dow Jones futures (DOWI:DJI) were up 85 points, or 0.20%. S&P 500 futures gained 0.25%, and Nasdaq-100 futures advanced 0.29%. The 10-year Treasury yield stood at 4.20%. In commodities, West Texas Intermediate crude for…
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Capri Shares Crash 45% After Merger Block; Coursera Falls 18% on Lower Revenue Forecast
Tapestry (NYSE:TPR), Capri (NYSE:CPRI) – A U.S. judge blocked the $8.5 billion merger between Tapestry and Capri, favoring the Federal Trade Commission (FTC) and marking a win for the Biden administration before the elections. The FTC argued the merger would reduce competition among top U.S. handbag makers, raising prices. Tapestry’s shares rose 12.4% pre-market, while…
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Chainlink Integrates Oracles with Bitcoin; Synthetix Launches v3 with Liquidity on Arbitrum; Kraken Bets on L2 INK Network
Chainlink integrates data with Bitcoin for the first time via Spiderchain Chainlink (COIN:LINKUSD) expanded its oracle services to Bitcoin for the first time, integrating with Spiderchain, a layer 2 developed by Botanix Labs. This integration enables Spiderchain to access Chainlink’s oracle services, bringing real-world data to Bitcoin smart contracts. The goal is to allow Bitcoin…
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US Futures Climb on Earnings; Oil Soars Amid Middle East Conflict
U.S. index futures rose in pre-market trading Thursday, buoyed by strong third-quarter earnings. This follows three straight days of declines for the Dow and S&P 500, pressured by the recent surge in 10-year Treasury yields. At 05:15 AM, Dow Jones futures fell 29 points, or 0.07%. S&P 500 futures gained 0.45%, and Nasdaq-100 futures rose…
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Tesla Shares Rise 11% Pre-Market; IBM Falls 4% on Lower-Than-Expected Revenue; Apple Prepares New Launches
Tesla (NASDAQ:TSLA) – The electric vehicle manufacturer reported earnings per share of $0.72, exceeding the estimated $0.58. Revenue was $25.18 billion, slightly below the expected $25.37 billion. Net income increased to $2.17 billion. Automotive revenue grew 2%, while energy generation surged 52%. CEO Elon Musk announced plans to launch autonomous transport services in California and…
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Nigeria Releases Tigran Gambaryan; Bitcoin ETFs End 7-Day Streak of Inflows; BTC Hashrate Surpasses 700 EH/s
Nigeria drops money laundering charges against Binance executive The Nigerian government dropped money laundering charges against Binance executive Tigran Gambaryan, days after a court denied his bail. Gambaryan, detained since February, faces severe health issues, including malaria. The charges were dropped to allow him to seek medical treatment abroad, although the case against Binance continues.…