Author: bitlyfool
-
Insurer Chubb prepares to pay $350 million in Baltimore bridge collapse, WSJ reports By Reuters
•
(Reuters) – Chubb, the insurer of the Francis Scott Key Bridge in Baltimore that collapsed in March, is preparing to pay $350 million in damages to the state of Maryland, The Wall Street Journal reported on Thursday. The report said the payment is expected to be approved within weeks, citing…
-
BlackRock’s Spot Bitcoin ETF Sees First Outflows Amid BTC Price Slump
•
Bitcoin exchange-traded funds (ETFs) in the United States recently observed a noteworthy trend, marked by a period of six consecutive days of outflows. Notably, BlackRock’s IBIT ETF experienced its first case of outflows just yesterday. This development coincides with Bitcoin going through its most challenging month since the aftermath of…
-
US Stock Futures Gain as Rates Relief Sets In: Markets Wrap
•
(Bloomberg) — U.S. stock futures rose as traders took comfort from the Federal Reserve’s signal there is no plan to raise interest rates and looked forward to Apple Inc.’s upcoming earnings. Most read from Bloomberg S&P 500 futures rose 0.7%, with Apple and Amazon.com Inc. Nvidia Corp. gains small in…
-
FMAS:24 Gold & Black Closing Party – Everything You Need
•
The Finance Magnates Africa Summit (FMAS:24) will take place in less than three weeks, bringing together leading industry experts, traders and brands for an unforgettable event. This premium event will be held from May 20 to 22 in Sandton City, South Africa, and will include more content, attendees and live…
-
Peter Schiff Discloses Downside Target For Bitcoin, Downtrend Imminent?
•
Peter Schiff, popular critic of Bitcoin The staunch gold defender has delved into the controversy surrounding BTC’s valuation, forecasting potential downward pressure in the near future and setting his target at the $54,000 price level. Bitcoin continues to face negative pressure Earlier today, Schiff identified a negative pattern on the…
-
Quanta Services Non-GAAP EPS of $1.41 beats by $0.12, revenue of $5.03B beats by $90M (NYSE:PWR)
•
Quanta Services press release (New York Stock Exchange: BWR): Non-GAAP Q1 EPS of $1.41 It outperforms by $0.12. Revenue $5.03 billion (+13.5% YoY) It exceeds $90 million. The remaining performance obligations are $14.9 billion and the total backlog is $29.9 billion For the full year ending December 31, 2024, Quanta…
-
Dollar stabilizes after Powell speech; labor market data in focus By Investing.com
•
Investing.com – The U.S. dollar steadied on Thursday after falling sharply overnight following Federal Reserve Chairman Jerome Powell ruling out any rate hikes, while the Japanese yen was volatile amid talk of intervention. At 06:00 EST (10:00 GMT), the dollar index, which tracks the greenback against a basket of six…
-
MicroStrategy Announces Decentralized ID Platform On Bitcoin Called MicroStrategy Orange
•
MicroStrategy today unveiled its latest innovation, a decentralized identity (ID) platform built on top of the Bitcoin network, called MicroStrategy Orange, at the conference. MicroStrategy World: Bitcoin for Business 2024 It happened. JUST IN: MicroStrategy launches enterprise platform to build decentralized identity applications on #Bitcoin – MicroStrategy Orange ? pic.twitter.com/P5PXz80kSD…
-
Denmark’s Novo Nordisk expects 27% sales surge this year but faces price pressure for weight loss drug Wegovy amid Eli Lilly competition
•
Novo Nordisk A/S raised its earnings forecast as the drugmaker now ships five times more introductory doses of the weight-loss drug Wegovy in the US than at the end of last year. More than 25,000 patients are now starting treatment each week in the United States, CEO Lars Frørgaard Jørgensen…
-
Daily Broad Market Recap – May 1, 2024
•
Financial markets witnessed a mixed performance in the past trading sessions, as there were a lot of factors at play even before the announcement of the long-awaited FOMC decision. Read on to find out how it all happened! Titles: The final S&P Global Japan manufacturing PMI for April fell from…
-
Buy Dogecoin Now? Analyst Believes DOGE Is Primed For A Surge
•
in analysis Shared via Martinez’s commentary focuses on a chart pattern known as the “descending triangle.” This is a bearish formation that occurs when the price follows a downward trend line that intersects a flat support line. Typically, this pattern indicates a continuation of a downtrend, but in the context…
-
Treasury slashes budget by Sh267bn on revenue shortfall
•
The Treasury has cut the 2024/25 budget by Sh267.5 billion to reflect the reality of weak revenues amid ballooning public debt. Total spending and net lending for the financial year starting July 1 is now estimated at Sh3.92 trillion, down from the previous forecast of Sh4.188 trillion. The lower budget…
-
Eurozone Final April Manufacturing PMI 45.7 vs. 45.6 expected
•
In the Eurozone, the April manufacturing PMI was 45.7 versus 45.6 expected and 46.1 previously. Key findings: Eurozone HCOB manufacturing PMI at 45.7 (March: 46.1). Lowest level in 4 months. Eurozone HCOB manufacturing PMI output index at 47.3 (March: 47.1). Highest level in 12 months. Factory output is falling at…
-
Crypto Whales, Their Impact On Crypto Markets And Why You Should Track Them To Succeed In Trades
•
What power do crypto whales hold in the digital asset market, and how can their trades dictate the market’s direction? Crypto whales, holding substantial crypto coin quantities, can single-handedly affect price swings and liquidity, shaping how all market participants act. Understanding the influence of a crypto whale is key to…
-
Amazon’s Profits Surge in Q1 2024, Driven by AI and Advertising Sales
•
Amazon continues its impressive streak of earnings reports, revealing elevated profits for the first quarter of 2024, supported by strong performance in artificial intelligence and ad sales. The e-commerce giant reported a remarkable total revenue of $143.3 billion in the first three months of the year, representing a 13% increase…
-
European shares slip at open in earnings tide, Fed outcome By Reuters
•
(Reuters) – European stocks opened lower on Thursday as investors returned from the midweek holiday to analyze a series of big earnings and the Federal Reserve (US central bank) signaled to postpone interest rate cuts. By 0715 GMT, the euro was down 0.2%, after recording its first monthly decline this…
-
Solana gains momentum following Solana-Bitcoin cross-chain announcement
•
Solana (SOL) has gained bullish momentum as the Zeus network plans to connect it to the Bitcoin blockchain. SOL price is up 4% in the last 24 hours and is trading at $129.9 at the time of writing. The market capitalization of the asset crossed the $58 billion mark with…
-
Sex offender asks Norway’s Supreme Court to declare social media access is a human right
•
Breadcrumb links BMN Business Article writer: Associated Press Mark Lewis Published on May 2, 2024 • 2 min read You can save this article by registering for free here. Or log in if you have an account. Article content STAVANGER, Norway (AP) — A convicted sex offender is asking Norway’s…
-
FX Volatility Impacts Q1 Revenue of Compagnie Financière Tradition
•
Compagnie Financière Tradition (SWX: CFT), an inter-dealer broker and Japanese retail forex trading platform operator, boosted its revenues for the first three months of 2024 on a constant currency basis but saw a decline when viewed on a current exchange rate basis. . Another quarter ends According to official figures…
-
MAS Regulated Digital Asset Custodian, Propine Introduces Support for Fathom Dollar $FXD Stablecoin on XDC Network
•
(Press Release – Singapore, Singapore, May 2, 2024) MAS-supervised trustee Propane Announces support for Fathom Dollar’s FXD, a stablecoin pegged to the US dollar designed to bridge the $5 trillion trade finance gap. This development puts FXD at the forefront of real assets (RWA), leveraging the power of blockchain to…