Author: Fernanda T
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iPhone 16 Sales in China Up 20%; Sobr Safe Jumps 108% Pre-Market; Netflix and Intuitive Surgical Beat Estimates
Apple (NASDAQ:AAPL) – iPhone 16 sales in China grew 20% in the first three weeks compared to its 2023 predecessor, driven by demand for Pro and Pro Max models, which increased 44%. Despite strong competition from Huawei and others, initial sales show signs of success. On another front, Donald Trump claimed to have received a…
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Bitcoin ETFs Attract $458 Million; Swarm Tokenizes Gold on Bitcoin; Kraken Launches Interoperable kBTC Token
Bitcoin ETFs record $458 million in inflows on October 16 On October 16, 2024, Bitcoin ETFs recorded $458.54 million in net inflows. BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) led with $393.4 million. Other ETFs, including Wise Origin Bitcoin Fund (AMEX:FBTC), Bitwise Bitcoin ETF (AMEX:BITB), Franklin Templeton Digital Holdings Trust (AMEX:EZBC), and ARK 21Shares Bitcoin ETF (AMEX:ARKB),…
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Lucid Drops 15% on New Share Offering; Phunware Continues to Rise in Pre-Market; Meta and Deere Cut Jobs
Lucid Group (NASDAQ:LCID) – Lucid Group announced it expects a larger loss in Q3 and launched a public offering of 262 million shares. The Saudi Public Investment Fund, Lucid’s largest shareholder, will buy 374.7 million shares, maintaining around 59% ownership of the company. Lucid shares fell 14.6% pre-market after closing up 0.3% on Wednesday. Phunware…
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Earnings: TSMC Rises 8% With a 54% Profit Increase; Nokia Drops 6% After a Sales Decline; Alcoa Climbs 5%; CSX Falls 4%
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) – TSMC reported net income of T$ 325.3 billion ($10.11 billion) in the third quarter, up 54%, exceeding the T$ 300.2 billion estimate. Revenue reached US$23.5 billion, up 36%, surpassing the forecast of $22.4 billion to $23.2 billion. Capital expenditure was $6.4 billion, compared to US$ 6.36 billion in Q2.…
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US Index Futures Rise; Oil Edges Higher
U.S. index futures rose in premarket trading on Thursday, after the Dow Jones Industrial Average set its second record of the week. Investors are closely watching upcoming corporate earnings and today’s economic data. At 5:25 AM, Dow Jones futures (DOWI:DJI) were up 16 points, or 0.04%. S&P 500 futures gained 0.37%, and Nasdaq-100 futures advanced…
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Bitcoin ETFs Attract $371 Million; Ethereum Validators Grow 30%; WLFI Token Fails to Raise Funding Target
Bitcoin market consolidates gains with massive liquidations and dominance increase In the last 24 hours, $280.71 million in cryptocurrency positions were liquidated, impacting 79,153 traders. Bitcoin (COIN:BTCUSD) reached an intraday high of $68,399 and is currently trading at $67,990. The liquidations included $151.47 million in long positions and $129.24 million in short positions, with the…
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Bitcoin ETFs Raise $555M; Canary Capital Launches Litecoin ETF; PancakeSwapX Cuts DeFi Gas Fees
Bitcoin ETFs in the US register largest inflow in four months On October 14, US Bitcoin ETFs received $555.9 million, the largest daily inflow since June. The Fidelity Wise Bitcoin Origin Fund (AMEX:FBTC) led with $239.3 million, followed by Bitwise (AMEX:BITB) with just over $100 million, and BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) with $79.6 million.…
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U.S. Index Futures Mixed; Oil Prices Fall as Israel Eases Supply Fears and China Stimulus Uncertainty Grows
U.S. index futures are mixed in Tuesday’s pre-market, following record closes for the S&P 500 and Dow Jones on the previous day. Focus is on major bank earnings, economic data on manufacturing and consumption, and comments from Federal Reserve members. At 5:01 AM ET, Dow Jones futures rose by 69 points, or 0.16%. S&P 500…
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Ericsson Shares Surge 7% on Strong Earnings, Nvidia Drops 2%, Google Invests in Nuclear Power for AI
Ericsson (NASDAQ:ERIC) – Ericsson reported better-than-expected profits, driven by a rebound in 5G equipment demand in North America. Net sales fell 4% to $5.92 billion but surpassed forecasts, with U.S. sales jumping over 50%. Europe and Latin America remained stable, while other markets faced challenges. Adjusted profits were 7.33 billion crowns, exceeding estimates and last…
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China Stimulus and Elections Drive Bitcoin Surge; Avalanche Executes AVAX Buyback; $500M in Token Unlocks This Week
Bitcoin surges with China’s stimulus and US election support Bitcoin (COIN:BTCUSD) reached an intraday high of $66,296, with strong support at $63,500. Currently priced at $65,765, up 4.6% in the last 24 hours, Bitcoin has boosted positive sentiment among traders. Data shows over $193 million in leveraged positions were liquidated in the last 24 hours,…