Category: Latest News
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Marathon Defies Globalization with ‘Made in USA’ Bitcoin, Mt. Gox Wallet Tests Transaction, and Latest in Crypto
Marathon Digital labels mined Bitcoin as “Made in USA” Marathon Digital Holdings (NASDAQ:MARA) will begin marking all U.S.-mined Bitcoin blocks with the “Made in USA” label. Fred Thiel, the company’s CEO, emphasized that this initiative reflects Marathon’s commitment to local production. The move follows comments from former President Donald Trump, advocating for Bitcoin to be…
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U.S. Futures Climb Before Inflation Data; Oil Slips on OPEC Demand Cut
U.S. index futures advanced in pre-market trading on Tuesday, signaling a recovery after a volatile week. Investors are eagerly awaiting inflation reports, which could provide clarity following recent market fluctuations. The Producer Price Index (PPI) will be released today, with the Consumer Price Index (CPI) scheduled for Wednesday. At 4:47 AM ET, Dow Jones futures…
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Dell Stock Slide Offers Opportunities; Trump and Musk hold talks on X; GM Restructures China Operations, and More
Dell Technologies (NYSE:DELL) – Dell Technologies’ shares have plummeted nearly 50% since May, driven by concerns over profit margins and Intel’s struggles. Melius Research analyst Ben Reitzes believes that despite the decline, Dell’s stock could present a buying opportunity, particularly if the company shows improvements in margins and profitability. Shares rose 3.3% in pre-market trading.…
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Rumble Shares Up 7% in Premarket After 27% Q2 Revenue Surge; More on Earnings
Rumble Inc (NASDAQ:RUM) – Rumble, a video and digital content platform, reported a 27% sequential revenue growth, reaching $22.5 million in the second quarter of 2024. Monthly active users increased to 53 million, with ARPU rising 19% to $0.37. The company set new audience records, launched products, and expanded to Xbox, maintaining a strong cash…
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U.S. Stocks Fluctuate Before Closing Little Changed
Stocks fluctuated over the course of the trading session on Monday before eventually ending the day little changed. The major averages bounced back and forth across the unchanged line and finished the session narrowly mixed. While the Dow dipped 140.53 points or 0.4 percent to 39,357.01, the S&P 500 (SPI:SP500) inched up 0.23 points or…
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LDO, GLM, SUI, APT, AZERO on the Radar; Marathon Digital Seeks $250M for Bitcoin Expansion, and More
Lido expands connection with BNB Chain On August 9, Lido DAO (COIN:LDOUSD) approved the integration of Axelar and Wormhole to connect Lido Staked ETH (stETH) to the BNB Chain. This bridge will enable $23 billion in total value locked to interact with the BNB Chain. It marks Lido’s first connection with a layer-1 blockchain outside…
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U.S. Stocks May Extend Rebound As Inflation Data Looms
The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to extend the rebound seen over the past several sessions. Easing concerns about the outlook for economy may lead to continued buying on Wall Street following the steep drop seen earlier this month. Overall trading activity may be…
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U.S. Futures Steady as Markets Await Key Inflation Data, Oil Prices Climb
U.S. index futures are mostly unchanged in pre-market trading on Monday, as investors anticipate crucial inflation data. After a partial recovery from last week’s sharp drop, the market remains cautious. Analysts suggest that volatility may persist, but strong economic data could ease concerns and drive a recovery. At 4:57 AM ET, Dow Jones futures (DOWI:DJI)…
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Starbucks Rises 3%; Disney Unveils New Films and Expansions; Uber CEO Questions Tesla Robotaxi Viability, and More
Starbucks (NASDAQ:SBUX) – Activist fund Starboard Value has acquired a stake in Starbucks and wants the company to take steps to boost its stock price. The size of the stake and specific demands were not disclosed. Starboard has not yet made formal demands. Shares rose 2.9% pre-market. Walt Disney (NYSE:DIS) – At the D23 convention,…
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U.S. Stocks Move Mostly Higher, Largely Offset Monday’s Sell-Off
Following the rally seen during Thursday’s session, stocks turned in a relatively lackluster performance during trading on Friday but managed to end the day mostly higher. The major averages finished the session off their highs of the day but still in positive territory. The Dow edged up 51.05 points or 0.1 percent to 39,497.54, the…