Tag: NASDAQ:MARA
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Sam Altman Rejoins OpenAI Board; Coinbase, MicroStrategy Surge Pre-Market Amidst Bitcoin’s Latest Milestone
OpenAI – Sam Altman, CEO of OpenAI, returns to the board along with three new directors, following a WilmerHale investigation into his dismissal last November. The company has strengthened its governance rules and conflict of interest policy, with unanimous board support. Coinbase (NASDAQ:COIN), MicroStrategy (NASDAQ:MSTR), Marathon Digital (NASDAQ:MARA) – In pre-market trading, Coinbase registers a…
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Crypto: Bitcoin and Ether Skyrocket in February, Gemini Earn Refunds $1.1 Billion to Clients, and More
Bitcoin and Ether register strong surge in record month On the last Thursday of February, cryptocurrencies, led by Bitcoin (COIN:BTCUSD) and Ether (COIN:ETHUSD), witnessed a significant increase. “The movement observed in BTC today is an exhaustion move. After strong gains over the past few weeks, we were in a zone where there had never been…
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Snowflake Stock Plummets 20.3% After CEO Transition; C3.ai, Okta, and Duolingo Surge Post-Strong Quarterly Reports, and More
Snowflake (NYSE:SNOW) – Snowflake’s shares plummeted 20.3% following the announcement of CEO Frank Slootman’s retirement, replaced by Sridhar Ramaswamy, former head of advertising at Google. Fourth-quarter sales rose 32% to $774.7 million, but operating losses widened to $275.5 million. The revenue forecast for the first quarter fell short of expectations. Okta (NASDAQ:OKTA) – Okta’s shares…
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Expedia Announces 1,500 Job Cuts; Hims & Hers Surges 19.8% Post Financial Results, and More News
Expedia (NASDAQ:EXPE) – Expedia revealed plans on Monday to cut approximately 1,500 jobs globally, about 9% of its workforce, as part of an “organizational and technological transformation.” The decision follows a moderate revenue forecast for 2024, with declining airfare prices. Expedia’s restructuring will incur pre-tax charges and cash expenses between $80 million and $100 million.…
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Crypto: GRIID Nasdaq Debut, OKX Leads Crypto Inscription Innovation, and more
Reduction in contracts boosts Bitcoin price The recent rise in Bitcoin (COIN:BTCUSD) above US$43,000 may be related to the decrease in open interest in bitcoin options, especially at US$40,000, according to analyst Gordon Grant. After the options expired at the end of January, there was a notable decrease in these contracts, potentially freeing the Bitcoin…
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Crypto: Tesla’s 4Q BTC Holdings, Final Ethereum Update Tests, and More
BTC price experienced a slight fluctuation following an optimistic US GDP report Bitcoin (COIN:BTCUSD) dropped by less than 1%, approaching $39,600, after the US reported a 3.3% growth in fourth-quarter GDP, surpassing expectations of 2%. While this growth was lower than the 4.9% seen in the previous quarter, it nearly matched December’s inflation rate of…
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Crypto: Core Scientific’s Nasdaq Return, Meta Faces Digital Asset Investigation, and More
Bitcoin recovers $40,000 mark on Wednesday Bitcoin (COIN:BTCUSD) reclaimed the $40,000 level after a brief dip below that value, registering a modest 0.5% increase in 24 hours, trading at $40,040. “After more than a 20% drop, BTC found the 100-period moving average. A very strong support with many robots programmed to buy in this region.…
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Wall Street Highlights: Mastercard’s Financial Rise, Citigroup’s $3.8 Billion Charges, and More
This Thursday morning, U.S. index futures are showing an upward trend, in anticipation of the imminent consumer inflation data and the start of the fourth-quarter financial results reporting season, a crucial period for Wall Street investors and analysts. At 05:40 AM, the Dow Jones futures (DOWI:DJI) rose 7 points, or 0.02%. S&P 500 futures were…
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Wall Street Highlights: Tesla Launches Restyled Model 3, VinFast Unveils Pickup Prototype, and More
U.S. index futures are mixed in pre-market trading this Wednesday as investors eagerly await inflation data and the beginning of corporate earnings releases. At 05:33 AM, Dow Jones futures (DOWI:DJI) fell 23 points, or 0.06%. S&P 500 futures rose 0.07%, and Nasdaq-100 futures advanced 0.25%. The yield on 10-year Treasury bonds was at 3.989%. In…
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Crypto: Long Queue for ETH Validators, VanEck Strengthens BTC with Developer Support, and More
Bitcoin surpasses its maximum price limit and the crypto market fluctuates Bitcoin (COIN:BTCUSD) recently exceeded its maximum price limit, while the total value of the cryptocurrency market remains supported. Simultaneously, the Internet Computer (COIN:ICPUSD) has resumed its parabolic upward trend, rising by 33.6% in the last 7 days. Another highlight on Friday was the record-breaking…