Category: Latest News
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BTC Price Struggles at $60K, Jesse Powell Supports Trump with Donation, Phantom Wallet Fake App Warning
Bitcoin struggles to maintain $60,000 After a promising start to 2024, with optimistic predictions that Bitcoin would reach $100,000, the price faced intense selling pressure in April and June, barely managing to stay above $60,000 by the end of the quarter. Bitcoin, which began the period near $71,000, saw a drop of over 14%, while…
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Consumer Price Inflation In Line With Estimates
The Commerce Department released closely watched consumer price inflation data on Friday, with the readings for the month of May coming in line with economist estimates. The report said the personal consumption expenditures (PCE) price index came in unchanged in May after rising by 0.3 percent in April. The unchanged reading matched expectations. The core…
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Inflation Data In Line With Estimates May Generate Early Buying Interest
The major U.S. index futures are currently pointing to a higher open on Friday, as investors react to the release of closely watched inflation data. Early buying interest may be generated in reaction to a Commerce Department report showing readings on consumer price inflation in the month of May came in line with economist estimates.…
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US Index Futures Signal Higher Opening Amid Inflation Data Anticipation, Oil Prices Rise
US index futures point to a higher opening this Friday, as investors await new inflation data and look forward to closing a positive quarter for stocks. In the first half of the year, the Nasdaq Composite is on track for a 19% increase, driven by excitement around artificial intelligence. The S&P 500 has gained nearly…
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Nike Stock Drops 14% in Pre-Market; Nokia Acquires Infinera for $2.3 Billion, and More News
Nike (NYSE:NKE) – Nike shares fell 14.04% in pre-market trading. Nike exceeded fourth-quarter fiscal earnings estimates with adjusted earnings of $1.01 per share, but sales of $12.6 billion fell short of expectations. Annual revenue of $51.4 billion also missed the $51.6 billion target, despite adjusted earnings of $3.95 per share surpassing forecasts of $3.70 per…
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Looming Inflation Data Leads To Choppy Trading On Wall Street
With traders looking ahead to the release of closely watched inflation data, stocks turned in a lackluster performance during trading on Thursday. The major averages spent the day bouncing back and forth across the unchanged line. The major averages eventually ended the session modestly higher. The Dow (DOWI:DJI) crept up 36.25 points or 0.1 percent…
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CleanSpark Acquires GRIID, Marathon Digital Mines Kaspa, VanEck Proposes Solana ETF
CleanSpark acquires GRIID for $155 million, expands mining operations CleanSpark (NASDAQ:CLSK), a Bitcoin mining company, announced the acquisition of GRIID Infrastructure (NASDAQ:GRDI) for $155 million. The acquisition includes an exclusive hosting agreement, providing CleanSpark with 20 MW of power. The purchase comes at a challenging time for Bitcoin miners due to recent cuts in mining…
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First-Time Unemployment Benefit Claims Down More Than Expected
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits fell by more than expected in the week ended June 22nd. The Labor Department said initial jobless claims dropped to 233,000, a decrease of 6,000 from the previous week’s revised level of 239,000. Economists had expected jobless claims to…
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Slump By Micron May Weigh On Wall Street
The major U.S. index futures are currently pointing to a slightly lower open on Thursday, with stocks likely to give back ground after moving mostly higher over the two previous sessions. A slump by shares of Micron Technology (NASDAQ:MU) may weigh on the markets, as the chipmaker is tumbling by 4.4 percent in pre-market trading.…
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Interactive Brokers Loses $48 Million on NYSE, Amazon Achieves Historic Market Value, and More News
Interactive Brokers (NASDAQ:IBKR) – Interactive Brokers revealed a loss of $48 million due to an error on the New York Stock Exchange that temporarily showed a 99% drop in the stock prices of some companies, including Warren Buffett’s Berkshire Hathaway. The broker attempted to claim compensation for the loss, but the NYSE denied the request.…