The decelerating inflation reduces some of the pressure from the Fed, however, remains high over the central bank’s 2% target. Thus, the Fed is less to announce rate cuts anytime soon.
The company’s expansion into new business verticals has played a significant role in bolstering its fiscal Q1 2024 results.
The Circle CEO said that it’s time for the US to build on-chain dollars and embrace the multichain future, otherwise, the reserve currency could lose market share to China and Europe.
Following the release of the earnings report, Disney stock declined by 0.73% to close at $87.49. After hours, Disney shares added 2.24%. Year-to-date, Disney stock is 0.70% up.
The decision to consolidate these operations coincides with Rakuten’s unveiling its financial performance for the second quarter.
Riot Platforms reported total revenue of about $76.7 million and hit a new high hash rate at about 10.7 EH/s in Q2 2023.
Amazon is looking to anchor the IPO and has joined Nvidia, Apple, Intel, TSMC, and Samsung in official talks with Arm Ltd.
The world of crypto is keen on seeing the US SEC approve a spot Bitcoin ETF for the first time.
Sony’s movie business faced a decline in operating profit, falling to 15.97 billion yen from the previous year’s 50.655 billion yen.
Following to the progress achieved in Q2, Rivian is expecting to raise its previous full-year production guidance from 50,000 units to 52,000 units.
Marathon Digital announced that the gains on the sale of Bitcoin were $23.4 million in Q2 2023.
Eli Lilly’s success can be ascribed in part to its promising medical pipeline and strategic acquisitions.
Moody’s is watching the banking sector and has already cut its ratings on several institutions because of ongoing economic headwinds.
The approval of spot-Bitcoin ETF remains a hot issue of debate among investors, regulators, and financial institutions.
The SoftBank loss surprised analysts who were expecting the company to report a gain, even though the company’s investment arm is up.