Author: Investorempires.com
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Here’s what Citi, Piper Sandler analysts expect to see By Investing.com
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Nvidia (NASDAQ:) is scheduled to report its fiscal first-quarter 2025 earnings after the closing bell on Wednesday, May 22. Investors will primarily focus on growth trends in Nvidia’s data center segment and any updates to the recently announced Blackwell platform. Wall Street analysts expect Nvidia’s revenue to reach $24.65 billion…
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Senate Passes Bill to Overturn SEC Rule on Bitcoin And Crypto Custody, Biden Threatens Veto
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Moments ago, the Senate passed HJRes legislation. 109 would repeal the SEC’s Staff Accounting Bulletin (SAB) No. 121, preventing highly regulated financial companies from sponsoring Bitcoin and other cryptocurrencies. The legislation passed by a vote of 60 to 38, showing bipartisan support for the measure. BREAKING: ?? Legislation that would…
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KRA to miss target by Sh300bn despite new tax measures
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The Kenya Revenue Authority (KRA) has recorded its highest deficit in tax collection from employees despite the introduction of two new tax bands targeting top earners, even as the Treasury expects the tax collector to miss this year’s targets by about Sh300 billion. A quarterly report published by the National…
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XM Eyes Opportunities at FMAS:24 – Interview with Marios Christodoulou
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Finance Magnates spoke with Marios Christodoulou, Business Development Officer at XM for his deep understanding and insight on Africa and the company’s goals in the region ahead of FMAS:24. Are you excited about FMAS:24 and how do you feel your company can directly benefit from attending an event like this…
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Is Dogecoin About to Take Off? Indicators Suggest Upward Momentum Ahead
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Dogecoin corrected gains and tested the $0.150 area against the US dollar. DOGE is now forming a base and may start a new increase above $0.1520. DOGE price jumped towards $0.160 before correcting gains. The price is trading above the $0.150 level and the 100 hourly simple moving average. There…
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Relief for Homeowners as Major Lenders Reduce Mortgage Rates
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Three major lenders, Barclays, HSBC and TSB, have announced mortgage interest rate cuts on more than 100 deals, providing welcome relief to borrowers who have faced rising interest rates in recent weeks. Barclays will implement major cuts on Friday, cutting fixed interest rates on buy-and-remortgage deals by up to 0.45…
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ING anticipates EUR/GBP rise as BoE rate cut bets increase By Investing.com
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Broker ING flagged potential downside risks for the British pound, noting the currency’s recent decline from its peak against the euro. The sensitivity of the pound to the performance of US stocks has been highlighted as a contributing factor to its movement. The company also noted a decline in the…
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Senate approves reversal of SEC crypto custody bulletin
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The US Senate has passed a measure to repeal the Securities and Exchange Commission’s (SEC) circular on cryptocurrency custody standards, and now awaits an expected veto from President Joe Biden. Senate vote Voting ended on Thursday with a majority of 60 votes to 38, which is less than the two-thirds…
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Senate approves reversal of SEC crypto custody bulletin
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The US Senate has passed a measure to repeal the Securities and Exchange Commission’s (SEC) circular on cryptocurrency custody standards, and now awaits an expected veto from President Joe Biden. Senate vote Voting ended on Thursday with a majority of 60 votes to 38, which is less than the two-thirds…
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Daily Broad Market Recap – May 16, 2024
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While the US dollar was able to establish some direction for the better part of the day, the price action was a complete mess relative to the rest of the asset classes. Treasury yields were off to a rocky start before rising steadily while Bitcoin rose and then reversed. The…
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Internet Computer Protocol (ICP) Unveils New Roadmap for Decentralized AI and Chain Interoperability
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The Internet Computer Protocol (ICP) for the decentralized blockchain network has released a new roadmap for driving decentralized artificial intelligence (DeAI) and blockchain integration into the web3 space. According to an official statement sent to CryptoPotatoICP unveils its fourth-year Internet Computer Roadmap to celebrate the third anniversary of the launch…
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Internet Computer Protocol (ICP) Unveils New Roadmap for Decentralized AI and Chain Interoperability
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The Internet Computer Protocol (ICP) for the decentralized blockchain network has released a new roadmap for driving decentralized artificial intelligence (DeAI) and blockchain integration into the web3 space. According to an official statement sent to CryptoPotatoICP unveils its fourth-year Internet Computer Roadmap to celebrate the third anniversary of the launch…
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Markets in a more pensive mood going into the final stretch of the week
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I will continue to hold that in the bond market for the most part. 10-year Treasury yields are holding at the 200-day moving average, which is now expected to be close to 4.37%. The lowest level reached 4.31% yesterday during the delivery process from Asia to Europe. Daily chart of…
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Absent Since FTX 2022 Downfall, Sam Trabucco Breaks Silence With Letter Of Endorsement
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In a recent development, Sam Trabucco, a key figure in Sam Bankman Fried’s inner circle, has resurfaced after being absent from the public eye following the collapse of cryptocurrency exchange FTX in late 2022. According to Per Bloomberg, Trabucco has come forward to support Ryan Salame, another former FTX executive…
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Absent Since FTX 2022 Downfall, Sam Trabucco Breaks Silence With Letter Of Endorsement
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In a recent development, Sam Trabucco, a key figure in Sam Bankman Fried’s inner circle, has resurfaced after being absent from the public eye following the collapse of cryptocurrency exchange FTX in late 2022. According to Per Bloomberg, Trabucco has come forward to support Ryan Salame, another former FTX executive…
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Seelos Therapeutics Announces Pricing of $1.1 Million Registered Direct Offering and Concurrent Private Placement Priced At-the-Market Under Nasdaq Rules
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New York, May 16, 2024 /PRNewswire/ — Selous Therapeutics (NASDAQ:), Inc. (Nasdaq: SEEL) (“Seelos” or the “Company”), a clinical-stage biopharmaceutical company focused on developing treatments for central nervous system (“CNS”) disorders and rare diseases, announced today that it has entered into a securities purchase agreement agreement with certain investors. Institutional…
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Incitec Pivot explosives business booms; fertilizer sale talks continue By Investing.com
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Investing.com – Instic Pivot Ltd (ASX:) announced its results for the first half of 2024. EBITDA reached $249 million, beating RBC’s forecast of $207 million and the consensus estimate of $206 million. However, comparing these numbers directly with market estimates is challenging due to the impact of restructuring, non-recurring operations…