Author: Fiona Craig
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71% Of Institutional Traders Do Not Plan To Buy Crypto
71% of respondents to a JPMorgan e-trading survey for institutional traders said they have no plans to trade in cryptocurrency this year. “The majority of traders have no plans to trade crypto or digital coins,” according to the JPM January survey of institutional traders. The percentage of those showing interest in crypto decreased from 78%…
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MicroStrategy Rebrands As ‘Strategy’, Reports Q4 Net Loss Of $670m
Bitcoin stacking company Strategy (NASDAQ:MSTR), which has just rebranded from its former name of MicroStrategy, has reported a net loss of $670.8 million for the fourth quarter. The company reported fourth quarter revenue of $120.7 million, a 3% year on year fall. Meanwhile it said it had bought an additional 218,887 Bitcoin, bringing its holdings…
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Disney First Quarter Earnings Beat Expectations, Boosted By Streaming Service
Disney (NYSE:DIS) reported its first quarter earnings on Wednesday, showing a profit on its streaming segment while its parks business took a hit from two back-to-back hurricanes, together with greater investment in its cruise ships. Strong box office performance of animated sequel Moana 2 also added to the strength of its entertainment division. Disney+ subscribers…
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Gold Prices Boosted To Record High On Fears Of Trade War, Gaza Uncertainty
Gold prices hit a record high in Asian trade on Wednesday as demand for the precious metal as a safe haven was boosted by geopolitical uncertainty. With concerns over a brewing trade war between the U.S. and China, and President Trump’s comments about Gaza, demand for gold was high and the spot price jumped 0.6%…
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Moderna, BioNTech Shares Down After Senate Committee Vote To RFK Jr.’s Nomination
The U.S. Senate Finance Committee has voted to advance Robert F. Kennedy Jr.’s nomination for Secretary of Health and Human Services to the full Senate. Shares in Moderna (NASDAQ:MRNA) and BioNTech (NASDAQ:BNTX) slumped on the news: Moderna was down 4.9% and BioNTech 1.5%. The fall in stock prices comes from concerns about Kennedy’s views on…
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Spotify Shares Surge On Results Exceeding Expectations And Upbeat Guidance
Music streaming giant Spotify (NYSE:SPOT) reported that its fourth-quarter results exceeded expectations and provided upbeat guidance. Shares soared over 10% on the news. The company posted revenue of €4.24 billion, surpassing analyst estimates of €4.14 billion and marking a 16% increase year on year. However, adjusted earnings per share missed the consensus forecast of €2.03,…
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PepsiCo Earnings Higher Than Estimated Despite Weaker Than Anticipated Revenue Growth
Food and beverage company PepsiCo (NASDAW:PEP) has reported that its per-share income in the fourth quarter exceeded estimates, although organic revenue growth was lower than anticipated as cost-conscious U.S. shoppers responded to price hikes. The company, which sells brands such as Mountain Dew soda and Frito-Lay potato chips posted a 2.1% rise in organic sales…
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Ethereum Rebounds To Top $2.9K After Eric Trump Says ‘It’s A Great Time To Add ETH’
After yesterday morning’s drastic fall in the price of ETH (COIN:ETHUSD), along with many other cryptocurrencies, Eric Trump, son of the U.S. President, told his followers on social media that it’s a good time to buy Ether. Ether’s price rebounded to over $2,900 after Trump’s tariffs on Canada and Mexico were halted, and Trump told…
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China Retaliates Against Trump’s Tariffs With Levies on U.S. Imports
China has placed counter tariffs on U.S. imports after President Trump put a 10% tariff on Chinese goods. The Chinese tariffs will come into effect on February 10. Despite the escalating trade war, Asian shares climbed this morning, with the Hang Seng Index in Hong Kong growing 2.10% to 20,642.58. Japan’s Nikkei 225 was up…
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Trump Agrees To Pause Canada And Mexico Tariffs But Not China
President Trump has agreed to delay the imposition of 25% tariffs on imports from Canada and Mexico for 30 days. This staves off the threat of a potentially damaging trade war amongst the North American neighbors – at least for now. The President made a deal with Mexican President Claudia Sheinbaum in which she agreed…