Author: Fernanda T
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Friday’s Wall Street Highlights: Jobs report, Apple, Lyft, Coinbase, Carvana and More
On Friday, US stock futures are higher after four consecutive days of losses, as investors weigh the jobs data and the possibility of an interest rate cut from the Federal Reserve. Also, there was a rebound in regional bank stocks, led by PacWest Bancorp, after a week of losses. Apple’s better-than-expected results also boosted sentiment. By 8:31…
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Crypto this Thursday: Alibaba Cloud creates Metaverse Launchpad, El Salvador zeroes taxes on tech Innovations, and more
Alibaba Cloud builds Metaverse Launchpad into Avalanche Alibaba’s cloud division (NYSE:BABA) has launched a launch pad called Cloudverse for companies to deploy metaverses on the Avalanche blockchain. Avalanche will provide the technology to build the metaverse spaces, while Alibaba Cloud will provide the compute and storage. The platform is designed to provide an end-to-end platform for companies…
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Thursday’s Wall Street Highlights: PacWest, Salesforce, Shell, Moderna and more
On Thursday, US stock futures saw a pullback as investors eyed the Fed’s recent decision, as well as ongoing banking sector stress and Apple’s upcoming earnings release. By 8:07 AM, Dow Jones futures were down 131 points, or -0.39%. S&P 500 futures were down -0.41%, while Nasdaq-100 futures were down 0.15%. On Wednesday, the Dow fell…
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Crypto this Wednesday: Sotheby’s launches on-chain secondary NFT Market, US Treasury proposes DAME tax, and more
PEPE’s Liquidity Pool becomes more active on Uniswap PEPE (COIN:PEPEEUSD), the hype-fueled meme coin that has jumped more than 2,100% in price since it debuted last month, has been sparking interest on decentralized exchange Uniswap. Uniswap’s version (v)2 and v3 liquidity pools for PEPE-WETH were the most active liquidity pool contracts by number of transactions over…
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Wednesday’s Wall Street Highlights: AMD, Starbucks, Yum Brands, CVS Health and Private Payrolls
Main subjects of the day US index futures rose on Wednesday morning, recovering from the eve’s losses, with investors bracing for the Fed’s decision on interest rates. By 8:21 AM, Dow Jones futures were up 60 points, or 0.18%. S&P 500 and Nasdaq-100 futures were up 0.29% each. At 8:28 am, the 10-year Treasury bond yield was trading at 3.413%. The 2-Year Treasury traded…
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Crypto this Friday: Binance enters Japan, BTC holds at $ 29K and more
Etherisc Launches Chainlink-Powered USDC Peg Protection Etherisc, the open-source decentralized insurance protocol and ecosystem, has released a depeg USDC protection hedge to the public, a press release said. In case of a depeg, the solution protects USDC (COIN:USDCUSD) deposits in non-custodial wallets with automated pre-specified payments, verified through the Chainlink Data Feed. As soon as the USDC to…
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Friday’s Wall Street Highlights: Exxon Mobil, Amazon, Intel, and PCE
US stock futures fell on Friday as investors reacted to the latest quarterly results, lingering inflationary pressures, and Treasury bonds advanced. Amazon’s earnings beat estimates but put the brakes on tech optimism after investors were rattled by talk of slowing cloud growth. Pinterest issued a weak outlook for the current quarter, and Snap Inc missed Q1…
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Crypto this Thursday: Hackers Break Into AT&T Email Accounts, Readii Launches Web3 Internet Service, and More
Readii launches the first Web3 Internet service Sydney-based telecommunications company Readii has announced the launch of its Web3-enabled internet service, which allows customers to earn cryptocurrencies while surfing the internet. “This is made possible through Readii’s proprietary Web3 router […] capable of storing a customer’s private cryptographic key,” it said in an announcement. In exchange for using…
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Wall Street Highlights for Thursday: Meta Platforms, Amazon, Disney, Eli Lilly and more
Main subjects of the day US stock futures rose on Thursday, reacting to strong results from Meta Platforms. By 8:44 AM, Dow Jones futures were up 142 points, or 0.42%. S&P 500 and Nasdaq-100 futures advanced 0.45% and 0.84%, respectively. Risky assets fell again on Wednesday. What moved the markets the most yesterday was the news that the…
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Crypto this Wednesday: NEAR Blockchain Goes Live, WeChat Integrates Digital Yuan, and More
Circle CEO says USDC is Empowered by US Banking crisis Stablecoin USDC (COIN:USDCUSD) has emerged from the March banking crisis stronger and safer, Jeremy Allaire, CEO of broadcaster Circle Internet Financial, said on Wednesday onstage at CoinDesk’s Consensus conference. The USD Coin, a critical rail for moving money through the crypto industry, lost its peg to…