Category: Latest News
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Marijuana Stocks Up After Banking Reform Progress
Stocks in cannabis companies jumped on Monday because of news on the marijuana banking reform in Congress. Senate Majority Leader Chuck Schumer (D-N.Y.) said that the Senate is on course to pass new cannabis banking rules soon. While this isn’t the first time announcements on progress have been made, only for nothing much to happen,…
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Cannabis Grower Curaleaf Ponders Secondary Europe Listing
Following Germany’s decision to legalize personal use of cannabis, Curaleaf (USOTC:CURLF) is reportedly looking into listing its shares on a European exchange. The Canadian company has been talking to exchanges in Germany and London, among others. However, given current restrictions the company would probably only be able to list on the Frankfurt exchange. An article…
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U.S. Stocks Finish Lackluster Session Little Changed
Following the substantial volatility seen over the final two sessions of the previous week, stocks turned in a relatively lackluster performance during trading on Monday. The major averages spent the day bouncing back and forth across the unchanged line before eventually closing narrowly mixed. While the Nasdaq (NASDAQI:COMP) crept up 5.44 points or less than…
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Crypto: Cardano Implements Critical Updates, dYdX Faces Disruption, and More
Cardano prepares for significant updates with Chang and Ouroboros Leios Charles Hoskinson, co-founder of Cardano (COIN:ADAUSD), expresses his excitement for two critical updates: the Chang hard fork and the Ouroboros Leios consensus mechanism, aimed at enhancing the network in response to community demands. The Chang hard fork is a step towards more community governance, granting…
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Looming Inflation Data May Lead To Choppy Trading On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction following the considerable volatility seen to close out the previous week. A lack of major U.S. economic data may keep some traders on the sidelines ahead of the release of closely…
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U.S. Futures Dip Ahead of Key Inflation Data and Q1 Earnings Season Kickoff, Oil Prices Decline
U.S. index futures are slightly down in Monday’s pre-market trading, marking the start of a week that is eagerly awaited due to the announcement of U.S. inflation data, as well as the beginning of the first quarter financial results season. At 06:26 AM, Dow Jones futures (DOWI:DJI) fell 18 points, or 0.05%. S&P 500 futures…
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Boeing Down in Pre-Market Due to CEO Developments and Denver Incident; MicroStrategy Surges 11% with BTC Spike, and More
MicroStrategy (NASDAQ:MSTR), Coinbase Global (NASDAQ:COIN) – In pre-market trading, MicroStrategy saw an 11.26% increase priced at $1,601.00, while Coinbase Global gained 5.85% priced at $255.00, driven by a rise in cryptocurrency-related stocks, following Bitcoin (COIN:BTCUSD). Bitcoin rose 3.7% in the last 24 hours, reaching $71,933. Boeing (NYSE:BA) – Boeing shares are down 1.03% in pre-market…
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U.S. Stocks Show Significant Rebound Following Strong Jobs Data
Following the sell-off seen late in the previous session, stocks showed a significant move back to the upside during trading on Friday. The major averages all moved notably higher, largely offsetting Thursday’s steep losses. The major averages finished the day off their highs of the session but still firmly in positive territory. The Nasdaq (NASDAQI:COMP)…
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Global Economic Outlook: A Week Packed with Key Data and Central Bank Decisions – April 8th
The upcoming week promises to be a pivotal one for global financial markets, with a slew of crucial economic data releases and central bank decisions across the world. Investors and analysts will be particularly focused on the United States, where the inflation rate and the minutes from the Federal Open Market Committee (FOMC) meeting are…
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Crypto: Morgan Stanley and UBS Compete for Leadership in Bitcoin ETFs, Risks in Ethena’s USDe Strategy, and More
Concerns and defenses around Ethena’s Bitcoin strategy for USDe Just seven weeks after its launch, Ethena’s USDe, known as the “internet bond” and “synthetic dollar,” surpassed a market capitalization of $2 billion, becoming the fifth largest stablecoin. Now occupying 1.25% of the total $160 billion stablecoin market, USDe stands out for not directly relying on…