Tag: NYSE:BLK
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Nike Workforce Reduction, The Trade Desk Soars 19% on $606 Million Revenue, and Latest News
Nike (NYSE:NKE) – Nike will cut over 1,600 jobs, about 2% of its workforce, to reduce costs after forecasting lower profits. Nike outlined a $2 billion cost-saving plan over the next three years, including measures such as supply optimization, supply chain improvement, and automation, with layoff costs estimated between $400 million and $450 million in…
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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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Wall Street Highlights: Sony Abandons Billion-Dollar Merger, SolarEdge Announces 16% Workforce Reduction, and More
In Monday’s pre-market, U.S. stock indices indicate a positive opening, reflecting investor optimism ahead of important economic reports to be released this week. Attention is focused on GDP data on Thursday and personal consumption expenditures prices on Friday, while the Wall Street earnings season promises to be bustling, with major technology companies about to release…
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Crypto: GBTC Outflows Boost ETF Alternatives, Trump’s Stance Against CBDCs, and More
Opposing trends: Cryptocurrency decline and dollar rise after Bitcoin ETFs The recent approval of Bitcoin ETFs has generated a surge in trading volume in the cryptocurrency market. However, an unexpected premium on spot Bitcoin points to an unusual market. The price of Bitcoin, undergoing an ongoing correction, has been exacerbated by growing risk aversion among…
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Crypto: UBS Imposes BTC ETF Trading Restrictions, CoinShares Acquires Valkyrie’s ETF, and More
US Bitcoin ETFs attracted $4.6 billion in trades On the first day of trading, US-listed Bitcoin ETFs reached an impressive volume of $4.6 billion, attracting both bullish and bearish investors who placed $80 million in long and short bets. Investors rushed to purchase these new SEC-approved products, marking a significant milestone for the cryptocurrency industry.…
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Wall Street Highlights: DocuSign Acquisition Battle, Tesla Berlin Production Halt, and More
In the pre-market on Friday, U.S. index futures are showing mixed behavior, reflecting investors’ caution. The focus is on the awaited Producer Price Index (PPI) report, marking the second major inflation report of the week. The anticipation surrounding the start of the fourth-quarter financial results season is also on the radar, as it offers crucial…
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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: BTC Maintains Stability Above $46,500, HNT Surges, BitPay Expands Crypto Support, and More
Wait for the approval of Bitcoin ETFs in the US accelerates BlackRock (NYSE:BLK), VanEck, Invesco, Galaxy, ARK 21Shares, Grayscale, and other potential issuers are among the 13 waiting for approval to launch Bitcoin exchange-traded funds (ETFs) in the US. They updated their documents on Tuesday, responding to the SEC’s comments received in the last 24…
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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…
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Wall Street Highlights: Google Rejects Union Negotiations, Exxon Mobil Announces $2.5 Billion Accounting Write-Down in California
U.S. index futures are registering a decline in pre-market trading this Friday, anticipating a crucial report on the job market as Wall Street seeks to overcome a lukewarm start to January. The three major indices are set to end nine consecutive weeks of gains, with the Nasdaq facing the biggest weekly drop, down 3.3%. At…