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Cryptocurrencies, Economy

“Russia approves law allowing use of crypto for global payments as it faces ongoing sanctions”

“The lower house of Russia’s parliament on Tuesday approved a law that permits making international payments via cryptocurrencies, local media reported. Russia’s central bank is itself looking to move money across borders using crypto before the end of 2024, Governor… Continue Reading…

Business, Stocks

“Procter & Gamble earnings beat estimates, but quarterly sales disappoint as China demand slides”

“…Shares of the company fell 5% in morning trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: P&G reported fiscal fourth-quarter net income attributable to the company of… Continue Reading…

Economy

“Bashing The Rich Is Not What America’s About,” Kevin O’Leary Says of Increasing Taxes For The Wealthy”

“Well-known entrepreneur and TV personality Kevin O’Leary recently spoke on Fox News about taxing the rich in response to a caller stating, “I just want an America where I have the chance to pay less in taxes than people like Kevin O’Leary.”…”… Continue Reading…

Stocks

“Goldman Sachs Predicts up to 165% Surge for These 2 ‘Strong Buy’ Stocks”

“…RegenXBio (RGNX) The first Goldman pick we’ll look at is RegenXBio, a gene therapy company specializing in single-dose treatments for severe diseases with few or no existing therapies….  Choi rates RGNX a Buy along with a $38 price target. This… Continue Reading…

Stocks

“Thoma Bravo Raises $2.7 Billion in Nasdaq Stake Sale”

“…The private equity firm sold 41.6 million Nasdaq shares for $65.30 each, according to a statement by the exchange operator Monday. A Thoma Bravo affiliate was offering the stock for between $64.80 and $65.80 each, Bloomberg News reported Friday. The… Continue Reading…

Banking, Economy

“Why regional banks are now willing to take billions in losses”

“More US regional banks are taking a step that was unthinkable more than a year ago in the aftermath of the Silicon Valley Bank failure: selling underwater bonds at a loss… The difference this time around is that regional banks… Continue Reading…

Cryptocurrencies, Economy

“Trump proposes strategic national crypto stockpile: ‘Never sell your bitcoin’”

“Former President Donald Trump said that if he were returned to the White House, he would ensure that the federal government never sells off its bitcoin holdings. But he stopped short of proposing a formal federal reserve of digital currency.… Continue Reading…

Business, Stocks

“McDonald’s earnings, revenue miss estimates as consumer pullback worsens” [Jul 29 2024]

“Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: The fast-food giant reported second-quarter net income of $2.02 billion, or $2.80 per share, down from $2.31 billion, or $3.15… Continue Reading…

Economy

“Food as You Know It Is About to Change”

“It can be tempting, in an age of apocalyptic imagination, to picture the most dire future climate scenarios: not just yield declines but mass crop failures, not just price spikes but food shortages, not just worsening hunger but mass famine.… Continue Reading…

Stocks

“Dexcom shares plummet almost 40% after company misses on revenue, lowers guidance” [Jul 25 2024]

“Shares of Dexcom tumbled almost 40% in extended trading Thursday after the diabetes management company reported disappointing revenue for the second quarter and offered weak guidance. Here’s how the company did: Dexcom’s revenue increased 15% from $871.3 million a year earlier, according to a… Continue Reading…