Author: Fernanda T
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Wednesday’s Wall Street Highlights: Microsoft, Activision Blizzard, Chipotle, Coinbase and more
Main subjects of the day US stock futures rose on Wednesday morning as Big Tech earnings began to roll in, starting with earnings from Alphabet and Microsoft. By 8:09 AM, Dow Jones futures were up 0.10%, while S&P 500 futures were up 0.09% and Nasdaq 100 futures gained 0.76%. In regular Tuesday trading, major indexes tumbled as First Republic…
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Crypto this Tuesday: Visa Has Ambitious Crypto Projects, Google Launches Accelerator for Blockchain Companies, and More
Coinbase sues SEC after months of silence from federal regulator Cryptocurrency exchange Coinbase (NASDAQ:COIN) filed a lawsuit against the Securities and Exchange Commission on Monday, asking that the regulator be forced to publicly share its response to a months-old petition about whether to allow the cryptocurrency industry to be regulated using existing SEC structures. “Coinbase does not treat…
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Tuesday’s Wall Street Highlights: First Republic, UPS, McDonald’s, GM and more
Main subjects of the day US stock futures fell on Tuesday as traders await the week’s earnings from major tech companies as well as new economic data, and watch for bad news from regional banks. By 8:20 AM, Dow Jones futures (DOWI:DJI) were down 68 points, or 0.20%. S&P 500 futures (SPI:SP500) and Nasdaq-100 futures (NASDAQI:COMP) were down 0.37% and 0.33%,…
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Crypto this Monday: KuCoin’s Twitter Account Hacked, Tiger Global’s Venture Fund Drops 20% and More
BTC could reach $100,000 by the end of 2024, says Standard Chartered Standard Chartered said the crypto winter is over and Bitcoin (COIN:BTCUSD) could hit $100,000 by the end of 2024, Reuters reported, citing a note by the multinational bank’s head of digital assets research Geoff Kendrick. Bitcoin could gain from factors such as the recent…
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Monday’s Wall Street Highlights: Coca-Cola, Philips, Credit Suisse, C3.ai and more
Main subjects of the day By 8:18 AM, Dow Jones futures were down 43 points, or 0.13%. S&P 500 and Nasdaq-100 futures fell 0.12% and 0.14%, respectively. The main indices fell last week, with the Dow Jones (DOWI:DJI) down 0.23% and ending a four-week streak of gains. The Nasdaq (NASDAQI:NDX) shed 0.42%, while the S&P (SPI:SP500) shed 0.1%. This week,…
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Crypto this Thursday: Bitcoin Under $28,500, Societe Generale Launches Stablecoin, and More
BTC price puts $28K support at risk Bitcoin (COIN:BTCUSD) rebounded from new 10-day lows at the Wall Street open on April 20, as US jobs data boosted investor confidence, reversing higher after hitting $28,360. Amidst an ongoing correction, the pair, however, failed to recover even $29,000 of support as US unemployment data indicated that tighter financial…
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Thursday’s Wall Street Highlights: Tesla, American Express, Las Vegas Sands, AT&T and more
Main subjects of the day US stock futures were lower on Thursday morning as investors weighed the latest results from IBM and Tesla. IBM rose 1.01% premarket after the company said margins were expanding. Tesla fell about 7.66% premarket after the electric vehicle maker reported net profit and GAAP earnings were down more than 20% year-on-year. Renault also released results…
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Crypto this Wednesday: a16z defines mysterious tweet, Intel cancels production of Blockscale series and more
Intel will stop producing Bitcoin mining chips A little over a year after Intel (NASDAQ:INTC) announced its entry into the world of producing Bitcoin (COIN:BTCUSD) mining chips, the technology giant revealed that it is giving up on the sector. The company will stop producing its Blockscale series and has no plans to release anything to replace…
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Wednesday’s Wall Street Highlights: Western Alliance, Morgan Stanley, ASML, Tesla and more
Main subjects of the day US stock futures fell on Wednesday as investors digested double-digit inflation in the UK that triggered government bond sales, and the latest batch of quarterly earnings. By 8:39 AM, Dow Jones futures were down 122 points, or -0.36%. S&P 500 and Nasdaq-100 futures fell -0.63% and -0.85%, respectively. Treasury yields soared…
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Crypto Daily: Nike Launches “Our Force 1” NFTs, Luno Leaves Singapore, Nuvei’s FTX Engagement, and More
Nike launches digital sneaker collection Months after the debut of the Swoosh platform, Nike (NYSE:NKE) is dropping its first NFTs there. The Our Force 1 (OF1) collection will consist of Non-Fungible Tokens (NFTs) of Polygon virtual shoes designed to honor the iconic Nike Air Force 1 shoe with over 40 years of history. Two types will be…