Major crypto prices are trading in the green on Thursday, following US economic data showing slowing inflation and a stronger-than-expected economy in Q2 and relief following a strong Nvidia earnings report. Bitcoin (BTC) and Ethereum (ETH) both went up 2-3% in the past 24 hours, per CoinMarketCap, leading the rally in crypto prices. BTC was...
Indonesia Kendaraan Terminal Tbk (IPCC) scored net profit of IDR 80.69 billion in the first half (H1) of 2024, up 2.24% year-on-year (yoy) from the same period last year. At the top-line, IPCC’s operating revenue, in fact, declined 1.83% yoy to IDR 360.26 billion. However, the company semed to implement efficiency strategies in H1 2024,...
JAKARTA -PT BPD Jawa Timur Tbk (BJTM) scored IDR 620.86 billion of profit in the first half (H1) of 2024, 13.78% year-on-year (yoy) lower from IDR 720.14 billion seen in the same period last year. This decline resulted from increased operational costs. Based on Financial Report of H1 2024 quoted Friday (27/9), gross interest and...
On Tuesday, Piper Sandler shifted its stance on Unity Software (NYSE:U), moving from an Underweight to a Neutral rating, while also adjusting the price target for the shares to $30.00 from the previous $35.00. The revision comes after recognizing a significant downturn in the company’s year-to-date performance, with shares falling by 35%, in contrast to...
Charoen Pokphand Indonesia Tbk (CPIN), an agricultural product manufacturer listed under Indeks Tempo-IDNFinancials 52 (Indeks52), booked net profit of IDR 1.77 trillion in the first half of 2024. Said number is 28% year-on-year (yoy) higher than the record seen in the same period last year, in which the company reported net profit of IDR 1.38...
The euro area economy posted a steady growth as initially estimated in the second quarter, flash estimate published by Eurostat showed on Wednesday. Gross domestic product climbed 0.3 percent in the three months to June, which was similar to the first quarter growth and matched the estimate published on July 30. Year-on-year, economic growth improved...
Quiver Quantitative - Tesla (NASDAQ:TSLA) has recently faced a significant shift in market perception, with analysts downgrading the stock amid concerns over slowing electric vehicle (EV) demand. Wells Fargo analyst Colin Langan predicts not just stagnant growth for Tesla this year but an actual decline in sales volumes by 2025. This pessimistic outlook has impacted...
Damai Sejahtera Abadi Tbk (UFOE) has reportedly opened its latest UFO Elektronika store in Malang, East Java. This is the 26th outlet established by UFOE. According to Poedji Harixon, President Director of UFOE, mentioned that this outlet expansion is in line with the company’s attempt to improve its performance in 2024. “We still see a...
On October 19, the first Bitcoin futures ETF in the United States was officially launched on the New York Stock Exchange. It recorded the second-highest trading volume on its debut day, driving Bitcoin price up by 6.34% within 24 hours, surpassing the $66,000 mark and setting a new all-time high at that time. This milestone event...
Former “king of crypto” Sam Bankman-Fried is speaking out following his sentencing last week that saw the FTX founder nab 25 years in prison, telling ABC News in an April 1 interview that he “never thought” his actions were criminal. Sam Bankman-Fried Denies Criminality “I’m haunted everyday by what was lost,” Bankman-Fried told ABC News....