Category: negative
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Fidelity’s FBTC Beats Grayscale’s GBTC in This Negative Trend
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Since mid-January, when the 11 Bitcoin ETFs saw the light of day, Grayscale-converted GBTC has been at the forefront of outflows. This eventually led to it losing its crown as the world’s largest exchange-traded fund tracking the performance of BTC. However, in the last two trading days of this week,…
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Fidelity’s FBTC Beats Grayscale’s GBTC in This Negative Trend
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Since mid-January, when the 11 Bitcoin ETFs saw the light of day, Grayscale-converted GBTC has been at the forefront of outflows. This eventually led to it losing its crown as the world’s largest exchange-traded fund tracking the performance of BTC. However, in the last two trading days of this week,…
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S&P index moves into negative territory
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The S&P has now moved into negative territory and is down -8.28 points or -0.15% at 5413. The low has reached 5412.02 so far. The Nasdaq is holding on to a gain of 24 points, or 0.14%, at 17,632. The Dow Jones Industrial Average is down -265 points, or -0.69%,…
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Charles Hoskinson Blasts Media’s Negative Portrayal of Cardano’s Prospects
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Cardano founder, Charles Hoskinson, denied claims that the network suffers from weak fundamentals. He criticized the media for its continued negative portrayal of the ecosystem, emphasizing the stark contrast between the reality of Cardano’s progress and the media’s portrayal. Cardano founder refutes gloomy media forecasts In a sharp rebuke this…
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Elbit Systems: Record orders, cash flow still negative
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Defense company Elbit Systems (TASE: ESLT; Nasdaq: ESLT) continues to break records with its order backlog, which totaled NIS 20.4 billion at the end of the first quarter, $2.6 billion (14.6%) more than at the end of 2023, This is $4.6 billion (29%) more than at the end of the…
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Stocks pulling back and into negative territory
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Major US indices have now turned into negative territory: Dow Jones Industrial Average -7 points or -0.02% S&P Index -8.26 points -0.16% Nasdaq -70 points or -0.42% Yields remain low with the 10-year basis falling -5.9 to 4.494% (this week’s high was 4.638%). The 2-year yield was down -4.6 basis…
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BofA sees dollar weakness amid negative US data, China optimism By Investing.com
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Bank of America (BofA) highlighted several factors contributing to potential headwinds for the US Dollar (USD). The bank pointed to recent negative surprises in US economic data and growing positive sentiment towards the Chinese economy as key drivers behind the US dollar’s challenges. Furthermore, Bank of America noted the currency’s…