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Credit: Image by Yahoo via YAHOO NEWS Will Bitcoin Price Plunge Again After Upcoming Summit? The cryptocurrency market is currently abuzz with speculation as the highly anticipated summit scheduled for March 7 approaches. Investors are optimistic about the potential for a pro-crypto framework to emerge from this event. However, there are concerns that this could…
Brazil’s Meliuz Unveils Bold Bitcoin Treasury Strategy In a groundbreaking move, Brazilian fintech unicorn Meliuz has officially announced its entry into the cryptocurrency market by adopting a Bitcoin treasury strategy. This strategic decision aims to maximize long-term shareholder value and aligns with a growing trend among traditional finance companies to hold cryptocurrency assets. Meliuz’s Bitcoin…
Credit: Image by Yahoo via YAHOO NEWS Eutelsat Stock Surges Amid Starlink Concerns in Ukraine Eutelsat, a French satellite company, has witnessed a remarkable surge in its stock price, climbing 68% on the Paris exchange on Monday and then skyrocketing another 123% the following morning, reaching $4.77. However, by the close of the market on…
Macy’s Fourth Quarter Results: Surprising Profits Amidst Sales Struggles The latest financial report from Macy’s has sent ripples through Wall Street, revealing a mixed bag of results for the fourth quarter. While the company reported a surprising net income of $342 million, or $1.21 per share, for the three-month period ending February 1, 2023, sales…
Bitcoin Faces Turbulence Near $90K Bitcoin ETFs are currently limiting BTC’s recovery as institutional investors pull back, reacting to macroeconomic uncertainties, including Trump’s trade tariffs. The cryptocurrency’s recent rally above the critical psychological threshold of $90,000 has proven to be short-lived. Analysts attribute this downturn to ongoing macroeconomic uncertainties and a significant reduction in institutional…
Macy’s 2025 Sales and Profit Forecasts (Reuters) – In a significant announcement on Thursday, Macy’s projected its annual sales and profit for 2025 to fall below Wall Street’s expectations. This forecast aligns with a broader trend among U.S. retailers, who are grappling with soft consumer demand amid ongoing economic uncertainty. Economic Factors Impacting Retail The…
Taiwan’s President and TSMC CEO Address Investment Concerns. (Bloomberg) — Taiwan Semiconductor Manufacturing Co. (TSMC) is making headlines as its Chief Executive Officer, C.C. Wei, reassures the Taiwanese public regarding the company’s substantial $100 billion investment in the United States. During a joint briefing with Taiwan’s President Lai Ching-te, Wei emphasized that this investment will…
Wall Street Faces Turbulence as Tech Earnings Disappoint (Bloomberg) — Stock futures indicated a significantly weaker opening for Wall Street, as rising global bond yields, escalating trade-war fears, and disappointing tech earnings unsettled markets. Contracts on the Nasdaq 100 fell by 1.2%, while those on the S&P 500 dropped by 1%. Marvell Technology Inc. saw…
Scientists Discover Ancient Lake in Turkey: A Stunning Mars Analog Editor’s Note: This CNN Travel series is, or was, sponsored by the country it highlights. CNN retains full editorial control over subject matter, reporting and frequency of the articles and videos within the sponsorship, in compliance with. Extraordinary to look at, peaceful and surrounded by…
A Market Rebound and Mixed Reactions. A pair of posts by President Donald Trump regarding his plans for a US crypto reserve triggered a significant marketwide rebound in cryptocurrencies on March 2. The global market capitalization surged nearly 7%, reaching $3.04 trillion, according to Cointelegraph. However, a closer examination reveals that the concept of a…
