Tag: NASDAQ:PYPL
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Crypto this Friday: Visa Tests Ether Fees, Kraken Outperforms Coinbase on Altcoins, SEC Delays ARK ETF
SEC postpones decision on ARK Bitcoin ETF SEC has postponed the decision on the Bitcoin ETF proposed by ARK Investment Management. On August 11, SEC launched a 21-day public comment period for the ETF. ARK had filed in May, and SEC has until January 2024 to decide. To be listed, the ETF needs to meet certain regulatory criteria. Cathie…
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Crypto this Tuesday: Coinbase’s Millionaire Bond Buyback, Binance Gets License in El Salvador, and More
Coinbase celebrates high with millionaire bond buyback managed by Citigroup After robust Q2 performance, Coinbase (NASDAQ:COIN) has proposed to buy back up to $150 million of its $1 billion bond, due in 2031. Investors who sell bonds by Aug. 18 will receive $645 for $1,000 of the face value; after that date and through September 1,…
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Tuesday’s Wall Street Highlights: Novo Nordisk, RingCentral, Chegg, UPS, AMC, and more
US Index Futures are down in premarket trading on Tuesday, reflecting data on German inflation, the Chinese trade balance and awaiting corporate earnings. By 07:22 AM, Dow Jones futures (DOWI:DJI) were down 234 points, or 0.66%. S&P 500 futures were down 0.71%, while Nasdaq-100 futures were down 0.77%. The 10-year Treasury yield was at 3.99%. In Germany,…
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Crypto This Monday: PayPal Launches Stablecoin, Huobi Faces Significant Net Outflows, and More
PayPal launches dollar-backed stablecoin PayPal (NASDAQ:PYPL) has launched its dollar-backed stablecoin, PayPal USD (PYUSD), marking a significant shift towards digital currencies. PYUSD is fully backed by US Dollars and US Treasuries, with one-to-one redemption for US Dollars. The stablecoin will be available to US customers and could become the native token for PayPal’s cryptocurrency service. Issued on the…
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Friday’s Wall Street Highlights: Amazon, Apple, Fortinet, Atlassian, DraftKings, and more
US index futures are higher on Friday, buoyed by quarterly results and anticipation of the US employment report. By 6:59 AM, Dow Jones (DOWI:DJI) futures were up 5 points, or 0.01%. S&P 500 futures were up 0.18%, while Nasdaq-100 futures were up 0.31%. The 10-year Treasury yield was at 4.186%. Retail sales in the euro zone had a…
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Thursday’s Wall Street Highlights: Anheuser-Busch InBev, Apple, Hasbro, Sunrun and more
US index futures are lower on Thursday as Fitch’s credit rating downgrade is still reverberating through markets, with investors cautious amid global economic and political uncertainties. The market watches economic indicators in Europe, corporate results and the interest rate decision in England. By 7:00 AM, Dow Jones futures (DOWI:DJI) were down 55 points, or 0.16%. S&P 500…
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Wednesday’s Wall Street Highlights: CVS Health, Starbucks, Freshworks, EA, AMD and more
US index futures are down in premarket trading on Wednesday, as the downgrade of US credit ratings by Fitch Ratings ended up weighing on investor sentiment. By 7:17 AM, Dow Jones futures (DOWI:DJI) were down 110 points, or 0.31%. S&P 500 futures were down 0.49%, while Nasdaq-100 futures were down -0.73%. The 10-year Treasury yield was at…
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Friday’s Wall Street Highlights: PPG Industries, Intuitive Surgical, CSX, American Express, and more
US Index Futures rose in premarket trading on Friday as traders eyed recent corporate earnings results and the Dow Jones on course to extend its bullish streak for a 10th straight session. By 6:55 AM, Dow Jones (DOWI:DJI) futures were up 38 points, or 0.11%. S&P 500 futures were up 0.26%, while Nasdaq-100 futures were up 0.49%. The…
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Crypto This Thusday: Worldcoin launches World ID and integrates Okta in Germany, UK enacts crypto law, and more
DeFi Compound token rises 60% buoyed by Binance exits Decentralized finance (DeFi) protocol token Compound (COIN:COMPUSD) has seen an increase of over 60% in one week, driven by an increase in volume and outflows on Binance. The token is up more than 26% in the last 24 hours. From a low of $22.89 on June 10, the…
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Wednesday’s Wall Street Highlights: MSG Entertainment, FedEx, Tesla, Hewlett Packard and more
US Index Futures were lower in premarket trading on Wednesday, weighed down by investors’ caution in anticipation of Powell’s speech, scheduled to begin at 10:00 AM. Powell will be able to clarify, to investors, the outlook for monetary policy in the second half of this year, after saying, the previous week, that Fed members foresee further…