Source / Sam Cooling x TheDigitalLine As October unfolds, crypto markets are still wrestling with the term ‘Uptober’ – for the uninitiated, “Uptober” is an amalgamation of “up” and “October”, describing the historical trend where Bitcoin, and often other major cryptocurrencies, witness a price surge in October. As Bitcoin kicks off the month at above...
The escalating Israel-Hamas conflict is causing fluctuations in global financial markets, affecting stocks, cryptocurrencies, and commodities.Image by timyee on Adobe Stock Global markets took a hit today as tensions between Israel and Hamas escalated into full-blown warfare over the weekend. The conflict has caused ripples across asset classes, sending emerging stocks and cryptocurrencies on a...
Senator Elizabeth Warren and lawmakers push for stronger measures against the use of cryptocurrency in funding terrorism, following recent events in the Israel-Hamas conflict. Image by Jonathan Stutz, Adobe Stock In a move paralleling heightened crypto regulatory urgency in the country, Senator Elizabeth Warren led a bipartisan group of 102 lawmakers in sending a letter...
Jerome Powell addresses inflation and labor market concerns, outlining the Federal Reserve’s cautious approach to future monetary policies. Image by tanarch, Adobe Stock Today, Federal Reserve Chair Jerome Powell addressed critical economic issues facing the United States in a talk at the Economic Club of New York. During the speech, Powell discussed the state of...
PetroChina completes the first international crude oil trade using China’s Digital Yuan, marking a watershed moment in the integration of CBDCs into global commerce. Image by RareStock, Adobe Stock PetroChina inked a major deal on October 18, becoming the first company to complete an international crude oil trade using China’s central bank digital currency (CBDC),...
NASHVILLE - HealthStream (NASDAQ:HSTM), a leading provider of workforce and provider solutions for the healthcare industry, reported mixed results for the fourth quarter, surpassing analyst earnings expectations but falling short on revenue. The company announced an adjusted EPS of $0.15 for the quarter, which was $0.05 higher than the consensus estimate of $0.10. However, revenue...
By Doina Chiacu and David Shepardson WASHINGTON (Reuters) -The U.S. government is awarding $1.5 billion to GlobalFoundries (NASDAQ:GFS) to subsidize semiconductor production, the first major award from a $39 billion fund approved by Congress in 2022 to bolster domestic chip production. GlobalFoundries, the world\'s third-largest contract chipmaker, will build a new semiconductor production facility in...
JELD-WEN (NYSE:JELD) Holding, Inc. (NYSE: JELD), a global leader in designing, manufacturing, and distributing building products, reported a stronger-than-expected profit for the fourth quarter, despite a decline in revenue. The company announced adjusted earnings per share (EPS) of $0.37, surpassing the analyst consensus of $0.27. However, revenue for the quarter slightly missed expectations, coming in...
SINGAPORE - Collins Aerospace, a business unit of RTX (NYSE: RTX), has announced that its facility in Tanauan City, Philippines, has transitioned to operating entirely on renewable electricity. This move is part of the company\'s broader commitment to sustainability and reducing greenhouse gas emissions across its manufacturing operations. The Tanauan City site, which falls under...
(Reuters) - U.S. software giant Microsoft (NASDAQ:MSFT) will expand its artificial intelligence (AI) and cloud infrastructure in Spain through an investment of $2.1 billion in the next two years, the company\'s Vice Chair and President Brad Smith said in a post on social media site X. The move comes on the heels of its announcement...