Unemployment from the UK and economic confidence from Germany are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics releases UK unemployment and average earnings data for February. The jobless rate is forecast to rise to 4.0 percent in three months to February from 3.9 percent in the...
Tech major Microsoft Corp. is investing $1.5 billion in UAE-based artificial intelligence or AI technology holding company G42 as part of its initiatives to accelerate AI development and global expansion. The investment would enhance the UAE\'s position as a global AI hub. With the collaboration, the companies expect to share the benefits of secure AI...
European stocks are likely to open on a sluggish note Tuesday as investors ponder over a wider Middle East conflict and the outlook for U.S. interest rates. Israel is weighing possible response actions to Iran\'s aggression, but it is not clear if a decision has been made. Diplomatic options are also on the anvil as...
PAXG reached an all-time high of $2,855 on April 13 amid the ongoing conflict in the Middle East following the missile and drone attack. PAXG’s price performance over the weekend has led to questions about Bitcoin’s value as a geopolitical hedge. While the PAXG token climbed to its all-time highs, Bitcoin’s price plummeted from $67,140...
Popular Bitcoin critic Peter Schiff predicted on April 14 a potential slump in BTC’s price to $20K. He also warned that Microstrategy, the largest corporate holder of Bitcoin, could potentially lose an estimated $2.7 billion if the price crashes. Peter Schiff disclosed his Bitcoin price prediction in an X post while stressing the importance of...
Northern Trust Corp. (NTRS) reported Tuesday that its first-quarter net income applicable to common stock declined 38 percent to $198.5 million from last year\'s $318.4 million, with earnings per share decreasing 37 percent to $0.96 from $1.51 last year. On average, 14 analysts polled by Thomson Reuters expected the company to report earnings of $1.44...
Norway is introducing a new legislation to regulate data centers nationwide and provide oversight on the activities of BTC miners, according to local Monday reports. The law mandates that all data centres register with the appropriate authorities and provide detailed information on services and ownership structure. BTC Miners Activities Set to be Filtered by Norway’s...
Financial services firm Morgan Stanley (MS) reported Tuesday that net income applicable to the company\'s common shareholders for the first quarter increased to $3.27 billion or $2.02 per share from $2.84 billion or $1.70 per share in the year-ago quarter. On average, 16 analysts polled by Thomson Reuters expected the company to report earnings of...
The Bitcoin halving is less than one week away, and Coinbase is hyping up the event with a new commercial released on Monday. Advertising the Halving The trading platform released the video on X illustrating how much Bitcoin’s price has appreciated over time by measuring its purchasing power in terms of pizza. “Over time, your...
The Canadian market is likely to open on a mixed note on Tuesday, tracking commodity prices, and reacting to the nation\'s consumer price inflation data. Geopolitical tensions may weigh on sentiment. Canadian inflation data for the month of March is due at 8:30 AM ET. Canada monthly consumer prices edged up by 0.3% in February....