Category: Latest News
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Crypto: Mastercard and Swoo Pay Fuel Crypto Payments, Ether Soars Past $3K on Tuesday, and More
Ether surpasses US$ 3,000 driven by expectations of ETFs in the US For the first time in nearly two years, Ether (COIN:ETHUSD) exceeded US$ 3,000 on Tuesday, driven by the possibility of approval of Ether ETFs in the United States by May. Reaching a peak of US$ 3,003.40, the second-largest cryptocurrency by market value then…
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Nvidia Surpasses Tesla as Wall Street’s Most Traded Stock Amid AI Boom
Chip manufacturer Nvidia (NASDAQ:NVDA) has overtaken Tesla (NASDAQ:TSLA) as Wall Street’s most actively traded stock, further establishing its significance after rising to become the third-most valuable company in the U.S. This shift underscores the increasing importance of AI-related investments for investors. The high volume of daily trading in Nvidia shares could pose risks for investors…
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Walmart Reports Strong Quarterly Results Amid Economic Challenges, Announces Vizio Acquisition and Dividend Hike
Walmart (NYSE:WMT) delivered another quarter of impressive results, concluding the year on a strong note as its competitive pricing continues to draw consumers seeking value in a challenging economic climate marked by recent inflationary pressures. However, with inflation quickly subsiding, Walmart has observed a decrease in customer spending per visit and, on Tuesday, issued a…
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Home Depot’s Q4 Sales Dip Amid Rising Mortgage Rates and Inflation Pressures
Home Depot (NYSE:HD) experienced a decline in sales during the fourth quarter as the leading home improvement retailer in the country dealt with the repercussions of elevated mortgage rates and inflation affecting its clientele. Although the quarterly outcomes surpassed the expectations set by Wall Street, the company’s projected sales for the upcoming year put early…
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Market Cautiousness Ahead of Retail Giants’ Earnings; Oil Prices Dip
U.S. index futures signal a lower start for Tuesday’s trading session, indicating investors’ cautious stance following the first week of negative results in over a month. The market is particularly attentive, eagerly anticipating quarterly earnings reports from retail giants such as Walmart (NYSE:WMT) and Home Depot (NYSE:HD). As of 05:06 AM, Dow Jones futures (DOWI:DJI)…
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Barclays Surges with Cost Reductions and Billion-Dollar Shareholder Returns, Capital One Eyes Discover Acquisition, and More
Barclays Plc (NYSE:BCS) – Barclays’ shares jumped after announcing a major cost-cutting campaign and returning £10 billion to shareholders. The bank will reorganize operations and review management positions. Plans include expansion and cost reduction to increase profitability and return on equity. Shares are up 7% in Tuesday’s pre-market. Capital One (NYSE:COF) – Warren Buffett-backed Capital…
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Crypto: Bitcoin Futures Achieve Record Highs, WLD Skyrockets by Over 200% This Week, and More
Records in Bitcoin futures indicate market growth Open interest in Bitcoin futures on centralized platforms reached an annual peak, surpassing previous marks from November 2021. According to CoinGlass, the value of open Bitcoin futures contracts reached $22.9 billion, reflecting an increase of over 30% since the beginning of 2024. This growth accompanies the appreciation of…
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Earning Releases: Nvidia, Walmart and Home Depot Are Expected To Beat Estimates
NVIDIA (NASDAQ:NVDA) NVIDIA is confirmed to report earnings on Wednesday, February 21, 2024 at approximately 4:20 PM ET. The consensus earnings estimate is $4.55 per share on revenue of $20.24 billion, representing 234.5% year-over-year revenue growth. The company’s guidance was for earnings of $4.28 to $4.66 per share on revenue of $19.60 billion to $20.40…
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U.S. Stocks Settle Lower As Traders Scale Back Rate Cut Bets After PPI Data
U.S. stocks settled lower on Friday as robust producer price inflation data raised concerns that Federal Reserve may not consider lowering interest rate anytime soon. The major averages all ended weak, with the downside of the tech-laden Nasdaq (NASDAQI:COMP) more pronounced. The Dow (DOWI:DJI), which briefly emerged into positive territory around mid afternoon, ended with…
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Crypto: VeChain Leads Weekly Gains, VanEck Slashes Fees, and More
VeChain leads gains in the cryptocurrency market with a 65% increase Bitcoin (COIN:BTCUSD) has recorded a 14.62% increase in the last week, but altcoins stood out with gains exceeding 50%. The highlight was VeChain (COIN:VETUSD), which surged by around 60%. The blockchain, focused on optimizing supply chains and business processes, saw its value skyrocket without…