ADVFN US – Market Content Editor
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Tether’s Division Restructure, Aptos-Microsoft DeFi Collaboration, and More Crypto News
Tether restructures to expand presence in the digital assets market Tether (COIN:USDTUSD), the developer of the world’s largest stablecoin by market value, is expanding into broader areas of digital assets. The company has created four new divisions to diversify its operations: “Tether Finance” to manage the USDT stablecoin, “Tether Power” focused on bitcoin mining investments,…
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Traders May Make Another Attempt At Bargain Hunting
The major U.S. index futures are currently pointing to a modestly higher open on Thursday, with stocks likely to move back to the upside after ending yesterday’s volatile session mostly lower. The upward momentum on Wall Street comes on the heels of four-day losing streaks for the Nasdaq and S&P 500, which have fallen to…
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US initial jobless claims unchanged at 212,000
The number of seasonally adjusted initial jobless claims in the United States came in at 212,000 in the seven days ending April 13, unchanged from the previous week’s revised level, the Department of Labor stated in its report published on Thursday. The 4-week moving average was also unchanged compared to the previous week’s unrevised level,…
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Netflix Set to Unveil Q1 2024 Earnings Amid Subscription Growth and Rumors of Price Increases
Netflix (NASDAQ:NFLX) is poised to announce its financial results for the first quarter of 2024 after the US stock markets close on Thursday. Wall Street analysts are projecting a notable increase in revenues and earnings, with expectations set for the video-on-demand streaming giant to post earnings of $9.27 billion for the quarter, up from $8.2…
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Tesla to Reassess Elon Musk’s Compensation Following Court Ruling, Plans to Move Headquarters to Texas
In a significant turn of events, Tesla shareholders are set to revisit the compensation package for CEO Elon Musk. This decision follows a Delaware court’s annulment of Musk’s previously granted $56 billion award. The details emerged from a proxy filing with the United States Securities and Exchange Commission (SEC), issued on Wednesday. The court’s ruling…
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Google Terminates Employees Over Protests Against Israeli Government Contract
Google LLC (NASDAQ:GOOG) has dismissed 28 employees from its New York and Sunnyvale, California offices. These employees were actively protesting against the company’s controversial cloud-computing contract with the Israeli government. The dismissals were reported by the Wall Street Journal on Thursday, referencing an internal email from Chris Rackow, Google’s Vice President for Global Security. In…
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TSMC Reports Strong First Quarter Growth Driven by AI Demand
Taiwan Semiconductor Manufacturing Company Limited (TSMC), the world’s leading semiconductor manufacturer, announced on Thursday that its net income for the first quarter of 2024 surged by 38% year-over-year to NT$225 billion ($7.1 billion). This increase surpassed expectations, fueled by escalating demand for artificial intelligence (AI) applications. The company’s net revenue reached NT$592.64 billion ($18.87 billion),…
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Blackstone Reports Stellar First Quarter Earnings for Fiscal Year 2024
In an impressive display of financial performance, Blackstone Inc. (NYSE:BX) announced on Thursday that its revenue for the first quarter of fiscal year 2024 saw a significant annual increase of 166%, reaching $3.69 billion. The investment giant’s net income also witnessed a staggering rise, soaring approximately 653% compared to the same period in 2023, and…
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Daily Analyst Recommendations Roundup: Baker Hughes, Ebay, Halliburton, Linde, Oracle…
In today’s financial markets, keeping track of analyst recommendations can provide traders with essential insights into stock movements and market sentiment. Our daily roundup includes significant changes in analyst opinions, price target adjustments, and new coverage from North America. Here’s the latest: Baker Hughes Company (BKR): Morgan Stanley maintains its “Overweight” rating on Baker Hughes,…
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U.S. Futures Rebound Amid Global Market Fluctuations, Oil Prices Decline
U.S. index futures are rising in pre-market trading on Thursday, following four consecutive days of losses for the S&P 500 and Nasdaq. As of 6:27 AM, Dow Jones Industrial Average futures (DOWI:DJI) were up 68 points, or 0.18%. S&P 500 futures advanced 0.20%, and Nasdaq-100 futures gained 0.25%. The yield on 10-year Treasury notes was…