Category: Latest News
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Nigeria Releases Tigran Gambaryan; Bitcoin ETFs End 7-Day Streak of Inflows; BTC Hashrate Surpasses 700 EH/s
Nigeria drops money laundering charges against Binance executive The Nigerian government dropped money laundering charges against Binance executive Tigran Gambaryan, days after a court denied his bail. Gambaryan, detained since February, faces severe health issues, including malaria. The charges were dropped to allow him to seek medical treatment abroad, although the case against Binance continues.…
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Futures Pointing To Initial Weakness On Wall Street
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to move back to the downside after recovering from early weakness to end the previous session roughly flat. The downward momentum on Wall Street comes amid a continued increase by treasury yields, which have moved sharply higher over…
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McDonald’s Faces E. Coli Outbreak; Qualcomm Loses Licensing Dispute with Arm; Texas Instruments Stock Surges
McDonald’s (NYSE:MCD) – A U.S. investigation into an E. coli outbreak focuses on McDonald’s Quarter Pounder hamburgers. The company has suspended the use of fresh onions and beef patties in certain states. Health authorities are working to identify the contaminated ingredient. Arm Holdings (NASDAQ:ARM), Qualcomm (NASDAQ:QCOM) – Arm canceled its licensing agreement with Qualcomm, which…
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US Futures Fall Amid Treasury Yield Surge and Earnings; Oil Prices Dip as U.S. Crude Inventories Rise
U.S. index futures declined in pre-market trading on Wednesday. Investors are focusing on rising 10-year Treasury yields, statements from central bank policymakers, and today’s financial results from major companies. As of 05:21 AM, Dow Jones futures (DOWI:DJI) dropped 151 points or 0.35%. S&P 500 futures lost 0.14%, and Nasdaq-100 futures fell 0.23%. The 10-year Treasury…
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U.S. Stocks Recover From Early Weakness To Close Little Changed
After coming under pressure early in the session, stocks regained ground over the course of the trading day on Tuesday. The major averages climbed well off their worst levels of the day before ending the day little changed. The major averages moved to the downside going into the close, finishing narrowly mixed. While the Nasdaq…
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Supply Increase Pressures Ethereum; Chainlink Launches Protocol for Transaction Privacy
Ethereum supply increase could push price downward Last week, 7,728 Ethereum tokens (COIN:ETHUSD) were added to circulation, raising the supply to 120.39 million ETH, the highest in six months. This increase, without corresponding demand, could pressure the price downward. Ethereum network activity also fell by 3%, negatively affecting transaction fees. ETH is currently priced at…
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Higher Treasury Yields May Lead To Extended Pullback On Wall Street
The major U.S. index futures are currently pointing to initial weakness on Tuesday, with stocks likely to see further downside after ending the previous session mostly lower. Renewed concerns about the outlook for interest rates may weigh on Wall Street following a recent surge by U.S. treasury yields. The yield on the benchmark ten-year note…
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US Futures Slip as Investors Eye Q3 Earnings; Oil Prices Drop
U.S. index futures fell in premarket trading on Tuesday after the Dow Jones ended a three-day winning streak. Investors are focused on interest rate comments and Q3 earnings, with 20% of the S&P 500 reporting profits this week. However, concerns over excessive 2025 expectations remain. At 5:00 AM ET, Dow Jones futures (DOWI:DJI) dropped 128…
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HSBC Begins Major Restructuring; SAP’s Cloud Revenue Grows 25%; Logitech Shares Drop 7.3% Pre-Market
HSBC Holdings (NYSE:HSBC) – HSBC is undergoing a major restructuring under new CEO Georges Elhedery, focusing on cost-cutting and simplification. The merger of commercial and institutional banking operations will be overseen by Michael Roberts. Additionally, Pam Kaur has been appointed as the bank’s first female CFO, while regional changes create new autonomous units in the…
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Dow Gives Back Ground But Nasdaq Closes In Positive Territory
Following recent strength on Wall Street, the major U.S. stock indexes turned in a mixed performance during trading on Monday. While the Dow showed a notable pullback, the tech-heavy Nasdaq managed to end the day in positive territory. The Dow slid 344.31 points or 0.8 percent to 42,931.60 and the S&P 500 (SPI:SP500) dipped 10.69…