Transportation assets lessor GATX Corp. (GATX) reported Tuesday that net income for the second quarter declined to $44.4 million or $1.21 per share from $63.3 million or $1.74 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter was $1.43 per share, compared to $1.73 per share in the year-ago quarter. Total...
Heartland Express, Inc. (HTLD) reported Tuesday a net loss of $3.48 million or $0.04 per share for the second quarter, compared to net income of $7.77 million or $0.10 per share in the prior-year quarter. Operating revenue for the quarter declined to $274.75 million from $306.17 million in the same quarter last year. On average,...
There is palpable excitement in the crypto market as Spot Ethereum ETFs are set to debut next week. This represents a significant milestone in the evolution of cryptocurrency, offering an immense opportunity for ETFSwap (ETFS) to take advantage of the surge. Spot Ethereum ETFs Debut, Here Are What To Expect The debut of Spot Ethereum...
Exchange-traded fund issuer T-Rex Group filed for its 2X Long MSTR Daily Target ETF – a product analysts say could become the most volatile ETF in the United States – with the Securities and Exchange Commission (SEC) on Tuesday. The Leveraged MSTR ETF Per the company’s form N-1A, the fund seeks leveraged investment results that...
In an unexpected move, Bitfarms announced the appointment of Fanny Philip as an independent board member amidst an ongoing conflict with Riot Platforms. Riot, which owns a 14.9% stake in Bitfarms, recently expressed intentions to replace three company board members with independent directors following a failed attempt to increase its stake. Bitfarms Appoints Fanny Philip...
Bitcoin (BTC) bounced off the psychological support level of $60,000 to trade above $60,500. The Core PCE Price Index, the Federal Reserve’s preferred inflation gauge, came in at 0.1%, slightly below expectations of 0.2%. Revised UoM Consumer Sentiment also fell short of forecasts, coming in at 65.6 compared to the expected 65.9. As Bitcoin (BTC)...
Zero-Knowledge Technology firm Horizen Labs has partnered with the ApeChain project to integrate its zkVerify technology helping reduce proof verification costs. The zkVerify integration aims to improve gaming performance as well as reduce operational costs, and address challenges faced by Web3 gaming platforms. Developers building on ApeChain will be able to use zkVerify’s zero-knowledge proof...
Bitcoin’s price is teetering on the edge of a precipice, with the critical $60,000 support level holding the line against a potential flash crash to $40,000. Despite a weakening US dollar and anticipation of Fed rate cuts, Bitcoin continues its descent, fueled by declining demand and critical remarks from prominent figures like Peter Schiff. This...
Russia’s crypto mining capacity could grow by a further 6.9 gigawatts (GW), the nation’s grid operator has claimed. Per the news agency TASS, the comments came from Andrey Katayev, the Director of Energy Markets and External Relations at the Russian Power System Operator. Russia’s Crypto Mining Capacity: Set For More Growth? Katayev said that Russia’s...
Despite Bitcoin hovering around the $60,000 mark, whispers of a potential price dip have surfaced. Influential investor David Portnoy has publicly announced his intent to make a substantial Bitcoin purchase if the price falls below $50,000, potentially injecting up to $10 million into the market. This bold move raises questions about the future trajectory of...