ADVFN US – Market Content Editor
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Hong Kong Greenlights Bitcoin and Ether ETFs, Solana Rolls Out Key Upgrade, and More Crypto News
Hong Kong approves Bitcoin and Ether ETFs On Monday, Hong Kong regulators gave the green light for the launch of spot Bitcoin and Ether ETFs, asset managers announced, following the trend set by the US earlier this year. Approvals came from three fund managers, including ChinaAMC, which also plans to offer virtual asset management services,…
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Meta to temporarily close Threads in Turkey
Meta Platforms Inc. (NASDAQ:META) said on Monday that its social media platform Threads will be temporarily closed starting on April 29 while the giant company prepares to appeal the Turkish Competition Authority (TCA) decision which forbade Threads and Instagram to exchange users’ data last March 18. Users that have accounts in Thread and feel affected…
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Google and US Treasury Launch AI Training Program; Google Faces Antitrust Scrutiny in Japan
Alphabet Inc.’s Google Cloud launched on Monday in collaboration with the United States Department of the Treasury, new generative AI, cybersecurity, and data analytics training programs “to drive a new skills-based hiring effort to expand access to jobs in data analytics and cybersecurity.” “We are partnering with Google to provide the new Cloud Certificates training…
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Tesla Cuts 10% of Workforce, VP Resigns as Shares Fall 4%
Tesla Inc. (NASDAQ:TSLA) is reducing over 10% of its global workforce, according to an internal email sent by CEO Elon Musk on Monday. He said the company carried out a “thorough review of the organization” and that the decision will “enable us to be lean, innovative and hungry for the next growth phase cycle.” He…
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Goldman Sachs’ Q1 net revenue totals $14.21B
Goldman Sachs Group Inc. (NYSE:GS) announced on Monday that its net revenue for the first quarter of 2024 was $14.21 billion, while net earnings were $4.13 billion. According to the report, diluted earnings per common share (EPS) stood at $11.58, and the annualized return on average common shareholders’ equity (ROE) was 14.8% for the there…
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US home builder confidence unchanged in April
Builder confidence in the United States for newly-built single-family homes remained unchanged in April, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released on Monday showed. Explore strategic opportunities by accessing our comprehensive economic calendar today The reading stood at 51, flat compared to the previous month, marking the fourth consecutive…
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US business inventories up by 0.4% in February
Inventories in the manufacturing and trade sectors in the United States increased by 0.4% in February, compared to the previous month to stand at $2,567.5 billion, according to a report by the US Census Bureau released on Monday. The figure was 1.0% higher on a yearly comparison basis. Explore strategic opportunities by accessing our comprehensive…
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U.S. Retail Sales Up More Than Expected
The Commerce Department released a report on Monday showing U.S. retail sales increased by much more than expected in the month of March. The report said retail sales climbed by 0.7 percent in March after advancing by an upwardly revised 0.9 percent in February. Economists had expected retail sales to rise by 0.3 percent compared…
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Upbeat Earnings, Retail Sales Data May Generate Buying Interest
The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to regain ground following the sell-off seen last Friday. A positive reaction to earnings news from Goldman Sachs (NYSE:GS) may generate early buying interest, as the investment banking company is surging by 4.1 percent in pre-market trading. The…
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U.S. Index Futures Surge after Dow Jones’ Worst Week, Oil Prices Dip
U.S. index futures are up in Monday’s pre-market trading, with Wall Street rebounding from the worst week of the year for the Dow Jones index and facing challenges from Iran’s recent missile and drone attack on Israel. At 06:33 AM, Dow Jones futures (DOWI:DJI) were up 99 points, or 0.26%. S&P 500 futures rose 0.43%,…