Between Representatives Cynthia Lummis and Kirsten Gillibrand’s new stablecoin bill and Congresswoman Maxine Waters’ renewed optimism in stablecoin legislation, will a new law regulating the fiat-pegged cryptocurrencies be enacted anytime soon? Cody Carbone, Chief Policy Officer at The Digital Chamber, said last week that he would only give the odds of any stablecoin legislation passing...
The Thai stock market has moved higher in back-to-back sessions, advancing more than 25 points or 2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,355-point plateau and it may add to its winnings on Wednesday. The global forecast for the Asian markets is upbeat on optimism over earnings...
The Japanese stock market is sharply higher on Wednesday, adding to the gains in the previous two sessions, following the broadly positive cues from global markets overnight. The Nikkei 225 is surging above the 38,300 level, with gains across most sectors led by index heavyweights and technology stocks. The benchmark Nikkei 225 Index is up...
Indian shares look set to open a tad higher on Wednesday as weak U.S. business activity data revived investor hopes for U.S. rate cuts this year. Investor sentiment also received a boost after electric-vehicle giant Tesla struck an upbeat tone despite a sales miss. Closer home, HUL, LTIMindtree, Indian Hotels and Axis Bank are among...
Asian stock markets are a sea of green on Wednesday, following the broadly positive cues from global markets overnight, as data showing a slowdown in U.S. manufacturing activity in the month of April raised hopes the US Fed will start thinking of cutting interest rates soon. Traders also continue to pick up stocks at relatively...
Indian shares opened on a positive note Wednesday as weak U.S. business activity data revived rate cut hopes and electric-vehicle giant Tesla struck an upbeat tone despite a sales miss. The benchmark S&P BSE Sensex was up 167 points, or 0.2 percent, at 73,906 in early trade while the broader NSE Nifty index edged up...
European stocks are likely to open on a positive note Wednesday after electric-vehicle giant Tesla struck an upbeat tone despite reporting a big drop in quarterly profits. The company said it would accelerate the production of more affordable models, beginning in the second half of next year \"if not late this year.\" Several technology heavyweights...
Shares of Roche Holding AG were losing around 3 percent in Switzerland after the drug major reported weak sales in its first quarter and confirmed fiscal 2024 outlook. Excluding COVID-19-related products, quarterly sales increasedy 7 percent. For fiscal 2024, Roche continues to expect an increase in group sales in the mid single digit range at...
While reporting financial results for the first quarter on Wednesday, medical devices company Boston Scientific Corp. (BSX) raised its adjusted earnings and net sales growth guidance for the full-year 2024. For fiscal 2024, the company now projects earnings in a range of $1.43 to $1.48 per share and adjusted earnings in a range of $2.29...
While reporting its financial results for the first quarter on Wednesday, transportation solutions provider Wabtec Corp. (WAB) raised its adjusted earnings and sales guidance for the full-year 2024. For fiscal 2024, the company now projects adjusted earnings in a range of $7.00 to $7.40 per share on sales between $10.25 billion and $10.55 billion. Previously,...