Solana’s SOL token is gaining momentum, fueled by Bitcoin’s surge and strong trading activity, with a price target of $200 becoming increasingly attractive to traders.High staking yields and reduced inflation rates enhance SOL’s appeal, positioning it competitively in the market as it experiences significant growth in decentralized exchange activity and total value locked. Fueled by...
(Reuters) -Fintech giant Ant Group has outbid billionaire Ken Griffin\'s Citadel Securities for Credit Suisse\'s investment bank venture in China, Bloomberg News reported on Sunday, adding it was unclear whether the Chinese company\'s offer would succeed. Alibaba (NYSE:BABA) Group affiliate Ant Group\'s bid to build a securities business in China using Credit Suisse\'s operations would...
French stocks traded slightly higher on Wednesday as investors awaited cues on future rate cuts in the U.S. Minutes of the Feds July meeting due to be published later today and Fed Chair Powells keynote speech at Jackson Hole Symposium on Friday are expected to provide greater clarity on monetary policy easing. Experts anticipate Powell...
The Japanese yen strengthened against other major currencies in the early European session on Monday, after the Japans ruling Liberal Democrats chose Shigeru Ishiba, a former defense minister, as the next prime minister. Ishiba is set to succeed current Prime Minister Fumio Kishida on Tuesday. After winning the partys vote on Friday, Ishiba said he...
Woo X Exchange made history by introducing the world’s first tokenized U.S. Treasury bills on April 22, providing retail investors access to the traditional financial asset through its RWA Earn Vaults. Developed in collaboration with institutional tokenization firm OpenTrade, the RWA Earn Vaults offer users the opportunity to earn yields by holding Circle’s USD Coin...
(Reuters) -Chesapeake Energy beat Wall Street estimates for fourth-quarter profit on Tuesday as the U.S. natural gas producer tackled weak commodity prices with lower operating expenses. Chesapeake shares fell about 2% in aftermarket trading as the company forecast a 20% drop in spending on baseline production this year. Its fourth-quarter shareholder returns also fell sharply...
After a slightly positive start and a subsequent fall into negative territory, the Canadian market edged higher Tuesday morning, amid optimism about the outlook for U.S. interest rates after data showed a slowdown in the annual rate of core consumer price growth in January. Technology, consumer discretionary, healthcare and industrials shares are among the notable...
South Korean tax officials in the city of Pohang are set to seize crypto from 5,208 residents who failed to pay local taxes. The move is part of a national crackdown. The drive saw tax officials seize almost $29 million in coins and fiat in 2023. Per Kyungbuk Shinmun and Daegu Shinmun, the individuals have...
Eurozone inflation fell below the 2 percent target for the first time in more than three years in September, signaling faster interest rate cuts from the European Central Bank. The harmonized index of consumer prices posted an annual increase of 1.8 percent compared to a 2.2 percent rise in August, flash data from Eurostat showed...
On Tuesday, Jefferies initiated coverage on Open Text (NASDAQ:OTEX) Corporation (NASDAQ:OTEX) by assigning the stock a Buy rating and establishing a price target of $45.00. The firm anticipates that Open Text will achieve low single-digit organic revenue growth and incremental margin expansion. These factors are expected to contribute to the scaling of free cash flow...