Shares of Verizon Communications were losing nearly 6 percent in the early morning trading on the NYSE on Monday after the telecom major maintained its fiscal 2024 outlook after reporting weak profit in its second quarter, in line with Street estimates. Revenues edged up on strong wireless service revenue and broadband subscriber growth, but missed...
Fed rate cuts and whale accumulation are driving factors in Bitcoin’s potential all-time high.Bitcoin ETFs and institutional adoption could be the final catalyst for breaking previous price records. Following a recent analyst prediction of a massive surge by CNF, Bitcoin was expected to reach $260,000. Bitcoin’s upward trajectory in 2024 has caught the attention of...
The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Friday, as investors are awaiting the outcome of the U.S. presidential election on Sunday. On Thursday, uncertainty over the U.S. election outcome weighed on the tech sector. Teslas forecast-beating earnings provided some comfort...
European stocks failed to hold early gains and ended weak on Wednesday with the mood turning cautious past mid afternoon as investors awaited some crucial U.S. economic data for more clarity about the outlook for interest rates. Stocks gained in strength early on in the session, reacting to a slew of strong earnings updates. Survey...
While reporting financial results for the second quarter on Tuesday, pet healthcare provider IDEXX Laboratories, Inc. (IDXX) lowered its earnings and revenue growth guidance for the full-year 2024. For fiscal 2024, the company now projects earnings in a range of $10.31 to $10.59 per share on revenues between $3.885 billion and $3.945 billion, with revenue...
Venture capitalists are warming up to funding blockchain and crypto projects, ready to fuel the next wave of innovations. After two years of hardship, crypto entrepreneurs are now seeing a potential shift in fortunes, with Bitcoin’s surge of over 30% in the past month reigniting interest in funding opportunities within the industry. While still low...
The China stock market has tracked higher in back-to-back sessions, gathering more than 25 points or 0.7 percent along the way. The Shanghai Composite Index now sits just beneath the 3,155-point plateau and it may add to its winnings on Monday. The global forecast for the Asian markets suggests mild upside on conflicting factors in...
Indian shares ended on a flat note Monday after staying in the negative zone the whole day. The benchmark 30-shares BSE Sensex index fell 265 points in morning deals before seeing significant recovery to end at 79,960, down 36 points, or 0.05 percent, from its previous close. On the NSE, the broader Nifty50 fell below...
The sovereign interoperability layer Union Labs has partnered with Lava to initiate an incentive Remote Procedure Call (RPC) campaign. According to a press release shared with Cryptonews.com, the incentivized public RPC campaign, also known as ipRPC, will offer a rewards pool worth $100,000 in token value. The partnership will establish Lava as the modular RPC...
Bitcoin (BTC) has struggled to maintain its upward momentum. Recently, it lost traction around the $66,560 level, hitting an intra-day low of $66,416. However, an upward trendline suggests a Bitcoin price prediction. Despite reaching a high of $68,418 yesterday, BTC was unable to sustain its gains and fell below $67,000 by the end of the...