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Cryptocurrencies

“Bitcoin tumbles back toward $60,000 as tensions in the Middle East rise”

“…Bitcoin has struggled to break its ceiling of $70,000, though the $55,000 threshold has provided strong support for the crypto asset. Some investors are doubtful that October will be the month it finally comes back to life, but most remain… Continue Reading…

Cryptocurrencies

“Bitcoin and crypto stocks rise after the Fed cuts rates by half a percentage point”

“…The price of bitcoin was recently higher by 5% at $63,255.00, according to Coin Metrics, building on a rally underway before the central bank decision Wednesday. Bitcoin, similar to stocks, initially jumped and then pulled back as traders absorbed the news…” https://www.cnbc.com/2024/09/19/crypto-market-today.html… Continue Reading…

Stocks

“Target shares spike as profits rise, despite cautious sales outlook”

“Target said Wednesday that sales grew about 3% in its fiscal second quarter, a return to growth after a prolonged stretch of sluggish sales and squeezed profits… Even so, the company stuck by its previous full-year sales forecast and struck a… Continue Reading…

Banking, Business

“Deutsche Bank shares rise 3% after settlement of bulk of claims in long-running Postbank suit”

“Deutsche Bank has reached settlements with nearly 60% of plaintiffs in a long-running case alleging the German lender underpaid for its acquisition of Postbank more than a decade ago. The German lender said the settlement would allow it to release… Continue Reading…

Stocks

“Peloton shares rise more than 15% as turnaround plan takes hold, losses shrink”

“…The company’s shares rose more than 15% in morning trading. Here’s how the Bike and Tread maker performed compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: For the three-month period that ended June… Continue Reading…

Stocks

“Shopify shares soar 17% after earnings top expectations, company gives upbeat forecast”

“…Here’s how the company did compared with what Wall Street was expecting, based on a survey of analysts by LSEG: The company said gross merchandise volume, or the total volume of merchandise sold on the platform, jumped 22% during the… Continue Reading…

Business

“Apple sales rise 5%, topping estimates as iPad and Services revenues jump” [Aug 1 2024]

“…Here’s how Apple did versus LSEG consensus estimates for the quarter ended June 29:  Apple expects similar overall revenue growth in the current quarter, company finance chief Luca Maestri said on a call with analysts…” https://www.cnbc.com/2024/08/01/apple-aapl-earnings-report-q3-2024.html

Economy

“Euro zone inflation rises to 2.6% in July, above expectations”

“Headline inflation in the euro zone unexpectedly rose to 2.6% in July, the European Union’s statistics agency said Wednesday. Core inflation, which excludes more volatile energy, food, alcohol and tobacco prices, hit 2.9% in July, which was higher than expected.… Continue Reading…

Stocks

“This Semiconductor Stock Has Jumped 48% in 2024, and Artificial Intelligence (AI) Could Help It Soar Further”

“ Share prices of Cirrus Logic (NASDAQ: CRUS) have been in fine form so far in 2024, clocking gains of 48% as Wall Street turns bullish on the chipmaker’s prospects. The market is excited about a turnaround in the smartphone market, its solid… Continue Reading…

Stocks

“The stock market took a narrow road to record highs last month”

“…Just six large tech stocks contributed to more than 75% of the S&P 500’s gain in May, a move reminiscent of how the “Magnificent Seven” tech stocks drove the market rally in 2023. Rises in Apple (AAPL), Alphabet (GOOGL, GOOG), Microsoft (MSFT),… Continue Reading…