Author: bitlyfool
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SoftBank seen returning to loss in Q4 despite tech stock strength By Reuters
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(This May 10 story has been corrected to determine this arm is a subsidiary, but not a wholly-owned subsidiary, of SoftBank (TYO:) Group, per paragraph 3) Written by Anton Bridge TOKYO (Reuters) – Japanese technology investment group SoftBank Group is expected to dip back into the red when it reports…
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Blast From The Past? Analyst Identifies Pivotal Summer For VeChain With This Bullish Fractal
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Over the past few weeks, VeChain (VET) price has struggled to live up to the promise and vitality it showed at the beginning of the year. This has been the story with much of the cryptocurrency market, with several large-cap cryptocurrencies falling by double digits in the past month. However,…
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Caliway to Present the Latest Clinical Advancements at 2024 BIO International Convention By Investing.com
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new Taipei city, May 11, 2024 /PRNewswire/ — Calliway Biopharmaceuticals (Calliway) is pleased to announce its partnership to share the latest clinical developments in the upcoming 2024 year Vital International Convention on Wednesday, June 5in 11:45 AM PT. The presentation will take place at Theater show company 2 in San…
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Wells Fargo Unveils Signify Business Cash Mastercard for Businesses
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Wells Fargo & Company (NYSE: WFC) has unveiled its latest offering for business owners, the Signify Business Cash World Elite Mastercard, designed to address needs in the cash rewards business credit card market. This new card aims to provide business owners with direct rewards and tangible value. New Business Card:…
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Bitcoin & Solana see light wobble following Rollblock’s ICO launch
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Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only. Bitcoin and Solana correct after highs; Bitcoin halving is expected to surge despite bearish pressure, while Rollblock pre-sale is gaining traction as a potential 30x token gain by 2024.…
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Should You Buy the Post-Earnings Dip?
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Palantir stock (New York Stock Exchange: Beltr) decreased by about 16% after that First quarter earnings reportWhich got me thinking about whether this downturn represents a buying opportunity. Notably, Palantir demonstrated another quarter of strong revenue growth, promising customer base expansion, and strong profitability metrics. However, concerns remain about the…
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Ethereum L2 Eclipse CEO Steps Back Amid Sexual Misconduct Allegations
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Neil Somani, founder and CEO of the Ethereum layer 2 Eclipse project, announced a temporary reduction in his role following allegations of sexual misconduct. In a statement published on May 9, Al-Sumani addressed these accusations, affirming his innocence and acknowledging the seriousness of the situation. Al Somani denies allegations of…
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Which 2023 vintage wines should you buy? A trip through Bordeaux’s vineyards
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Last month, as Bordeaux was about to enter spring, I was enjoying silky wines from the 2023 vintage. Many of them were much better than I expected, especially after hearing so many tales of growing season difficulties from winemakers. Many seemed relieved to just get through the old phase without…
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Gen reports robust FY2024 results, bullish on cyber safety By Investing.com
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In a recent earnings call, Gen Digital Inc (GEN) discussed its financial performance for the fourth quarter and the full fiscal year of 2024. CEO Vincent Pilette and CFO Natalie Derse detailed the company’s strong operating results, significant growth in revenue, and strategic achievements. Pilette emphasized the escalating cyber risks…
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Bitcoin ETFs Soar As 3rd Largest US Bank Reveals Ownership In New Filing
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In a notable development that highlights the growing interest of traditional financial institutions in Bitcoin (BTC), Wells Fargo, the third-largest bank in the United States, has revealed its exposure to Bitcoin exchange-traded funds. The US Securities and Exchange Commission (SEC) approved regulated index funds in January, allowing them to trade…
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Taxpayers to pick up Sh1.1bn for President Ruto advisers
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The cost of maintaining a team advising President William Ruto will cross the Sh1 billion mark, underscoring the burden of hiring consultants in government. Budget documents tabled in Parliament show the six advisory units will spend Sh1.14 billion in the year starting July, up from Sh977 million in the current…
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The Contradiction at the Heart of America’s Commercial Card Empire
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The global commercial card market is dominated by the United States, a behemoth that processes a staggering 58% of all transactions in 2023. However, this dominance hides a troubling undercurrent: The United States also leads the world in commercial card fraud, Massive bleeding amounting to 78% of global losses. This…
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Private Jet Charter Service Candy Jets Now Accepts Bitcoin Payments
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Candy Gatesa leading company in the field of private jet charter services, has entered into a partnership with CoinCornera prominent Bitcoin services provider, has agreed to accept payments in Bitcoin for their luxury travel services, making them one of the first companies in the industry to adopt this payment method,…
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China’s April CPI +0.3% y/y (vs. +0.1% expected) and PPI -2.5% (expected -2.3%)
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For y/y data: CPI +0.3% Continuing to claw its way out of the downturn This is the third month in a row that the CPI has exceeded zero on an annual basis Expected +0.2%, Previous +0.1% Producer Price Index -2.5% The economy remains in a deep contraction, as it has…
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Breaking Down Its 2400% Uptrend And Market Outperformance
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Decentralized and open source computing platform Akash Network has captured significant attention in the cryptocurrency market as its native token, AKT, has outperformed the top 100 cryptocurrencies with a 2,400% year-to-date price increase. while Bitcoin (BTC) and other major cryptocurrencies are seeing price corrections, and Akash Network and its native…
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US to hold auctions to sell airline warrants received during COVID bailouts By Reuters
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Written by David Shepardson WASHINGTON (Reuters) – The U.S. Treasury Department said on Friday it plans to hold a series of auctions to sell stock warrants in U.S. airlines it received after Congress approved $54 billion in aid for air carriers in 2020 and 2021 due to the coronavirus. Of…
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EigenLayer opens airdrop claims till Sept. 7
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Users can now claim EigenLayer’s native token, but the team previously said that EIGEN will remain non-transferable. The 120-day period to claim EIGEN opened on May 10 and will continue through September for EigenLayer’s first “Stakedrop” phase. Participants can secure 6.05% of the token supply of 1.67 billion during the…
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EigenLayer opens airdrop claims till Sept. 7
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Users can now claim EigenLayer’s native token, but the team previously said that EIGEN will remain non-transferable. The 120-day period to claim EIGEN opened on May 10 and will continue through September for EigenLayer’s first “Stakedrop” phase. Participants can secure 6.05% of the token supply of 1.67 billion during the…
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SolarEdge dips after another weak quarter
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It was another weak first quarter for solar solutions company SolarEdge Technologies (Nasdaq: SEDG), and the company’s Q2 guidance suggests a recovery isn’t anytime soon. A sign of this appeared two weeks ago, when competitor Enphase Energy (Nasdaq: ENPH) released financial statements indicating that a recovery in the market was…