U.S. stock markets were poised for lift off Thursday, after a strong earnings report from computer chip giant Nvidia signaled that there is still plenty of room to run in the artificial intelligence boom that has powered markets higher for much of the year. Prior to the opening bell, bets on the S&P 500 were […]
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The United States added 119,000 jobs in September, a stronger-than-expected figure and a sign that the economy was adding jobs at a healthy clip before government shutdown. But the details of the report from the Bureau of Labor Statistics paint a more mixed picture, that of a labor market that has recently begun to look […]
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Shoppers are still flocking to Walmart. The company raised its full-year earnings and sales outlook Thursday, heading into the crucial holiday shopping season. Walmart also offered fresh signs that it is shedding its original identity as a strictly down-market brick-and-mortar operation by growing its e-commerce business and increasing its market share of higher-income shoppers. Walmart’s […]
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What began as a banner day for stocks turned into a major rout, as investors signaled ongoing skepticism about the longevity of the artificial intelligence boom and trimmed hopes of support from the Federal Reserve. The tech-heavy Nasdaq fell 2%, and the broad S&P 500 index dropped by more than 1.5%. The Dow Jones Industrial […]
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Bitcoin and ether slumped to multi-month lows on Friday, with cryptocurrencies swept up in a broader flight from riskier assets as investors worried about lofty tech valuations and bets on near-term U.S. interest rate cuts faded. Bitcoin, the world’s largest cryptocurrency, fell 5.5% to a seven-month low of $81,668. Ether slid more than 6% to […]
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Crypto market dipped again as bearish sentiment continues to dominate investor outlook. The overall market capitalization fell by 1.41% in the past 24 hours, extending a broader 7-day decline of nearly 9%. This downturn coincides with the ongoing U.S. government shutdown, which has now stretched into a record 36 days. Crypto Market Dips Amid Prolonged […]
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Analysts at JPMorgan have predicted that Bitcoin could surge as high as $170,000 in the next 6 to 12 months. This comes as the selling pressure in the Perpetual market is stabilizing. JPMorgan Sees Bitcoin Rally as Derivatives Market Stabilizes In the latest research, the firm’s strategist Nikolaos Panigirtzoglou and his team noted that the […]
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XRP remains significantly undervalued despite growing demand, rising trading activity, and expanding real-world settlement use, according to new research from Bayberry Capital. The firm says the market continues to misprice XRP because it misunderstands the asset’s purpose. It adds that investors overlook the infrastructure being built beneath the surface. Bayberry Capital Warns Market Mispricing Hides […]
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SharpLink Gaming, an Ethereum treasury company, has reportedly started selling its ETH holdings. Joe Lubin-backed company moved 4,364 ETH to a crypto exchange, on-chain platforms reported on Friday. Meanwhile, SBET stock extends its downfall to over 12% in a week after closing 8% lower on Thursday. SharpLink Gaming Dumps 4,364 ETH: On-Chain Platform In an […]
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Bitwise gears up to launch its spot Dogecoin ETF as the issuer amends its application to include ticker, fees, and other key details. The final deadline for the US SEC to decide on the exchange-traded fund (ETF) is November 12. Will the Dogecoin ETF tracking spot DOGE price gain approval next week or go auto-effective […]
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