Category Archive: Cryptocurrency, No picture
CZ may become the richest person to ever get jailed in the US
Binance, the world’s largest cryptocurrency exchange, continues to thrive despite the legal troubles faced by its founder, Changpeng “CZ” Zhao.Zhao, who pleaded guilty to violating anti-money laundering laws, faces the possibility of a three-year prison sentence, as recommended by US prosecutors. Zhao is scheduled for sentencing today, April 30, after the initial sentencing date was […]
3M’s Q1 Shows Marginal Sales Decline Offset By Strong Operational Performance
3M has reported its Q1 results, with slight declines in sales but significant improvements in operational performance and earnings.3M (MMM) has reported its financial results for the first quarter, showcasing slight sales declines but significant improvements in operational performance and earnings. The company announced sales of $8.0 billion, experiencing a marginal year-on-year decrease of 0.3%. However, […]
McDonald’s Earnings: Revenues Hit, While EPS Misses The Mark In Q1 Financial Results EPS numbers Expectations ahead of earnings
Today, on April 30th, fast food giant McDonald’s Corporation (NYSE: MCD) reported its Q1 2024 financial results before US markets opened.Global comparable sales were up marginally, at a disappointing 2% higher.Compare this to Q1 of 2023, which showed a 12.6% growth in the same numbers.According to the company itself, this marks the 13th consecutive quarter of positive sales growth […]
Indonesia’s presidential election results may yield continued pro-crypto policy
Indonesia’s recent presidential election, which initially ended in controversy when the winning duo claimed victory before official results were released, may ensure consistency and potentially even continued crypto-friendly regulations in the country, according to industry watchers.Former defense minister Prabowo Subianto and the incumbent president’s son Gibran Rakabuming secured 60% of the nation’s votes immediately after […]
Optimism Over Corporate Earnings Is Fueling Stock Indices. The Hong Kong Index Reached A 5-month High
On Monday, the Dow Jones (US30) rose by 0.38%, while the S&P 500 (US500) Index gained 0.32%. The NASDAQ Technology Index (US100) closed positive 0.35%. Meanwhile, the S&P 500 (US500) and NASDAQ (US100) 100 indices hit 2-week highs. Optimism over first-quarter earnings, positive corporate news, and lower bond yields contribute to the broader market’s gains.Tesla’s (TSLA) shares are up more than 12% after the company met vital security […]
Market Briefing For Tuesday, April 30
Key themes are AWOL – on Monday, beyond what we already know. Surely there are jitters ahead of the FOMC meeting (Tuesday/Wednesday), with for sure more focus on what Chairman Powell provides as to future ‘guidance’. Unsplash Elon Musk showed up in China and made progress with introducing ‘his’ type of automatic to Teslas there, although their sales […]
Time To Buy Amazon’s Stock As Q1 Earnings Approach?
Image Source: UnsplashAfter Alphabet’s (GOOGL – Free Report) exhilarating quarterly results last week, Wall Street will be eying its big tech peer and cloud computing rival Amazon’s (AMZN – Free Report) Q1 report on Tuesday, April 30.More so than Alphabet, Amazon’s stock has been on an ascending course to hit $200 a share after their 20-for-1 stock splits in 2022 and investors […]
The Commodities Feed: Oil Risk Premium Continues To Fade
Image Source: UnsplashEnergy – gas prices fall on warmer weatherThe oil market came under pressure yesterday with ICE Brent settling 1.23% lower on the day at US$88.40/bbl. The geopolitical risk premium continues to fade as tensions between Israel and Iran have eased. There are also some hopes for a potential ceasefire between Israel and Hamas. The […]
META: Spending Worries Trip Up Market Sentiment, But Bullish Outlook Prevails
Image Source: PixabayMETA stock fell sharply yesterday despite beating earnings and revenue for the current quarter. That’s because its guidance came in below expectations, and AI spending forecasts have investors concerned about near-term results.Adjusted earnings per share of $4.71 topped the $4.32 expected, as did revenues of $36.46 billion vs. $36.16 billion. Notably, net income benefited […]
Asia Morning Bites For Tuesday, April 30
Image Source: UnsplashGlobal Macro and Markets Global Markets: Not surprisingly, the JPY tops the table for Asian FX performance yesterday and also the G-10, after reports that the Bank of Japan (BoJ) intervened in FX markets as the USDJPY rate topped 160. There appears to be no official confirmation of this. The rate briefly dropped to 154.54 […]
