Category Archive: Cryptocurrency, No picture
Pantera Capital to raise $1 billion for new crypto fund
Pantera Capital, a prominent digital asset management firm, is aiming to raise more than $1 billion for its new fund, the Pantera Fund V. The fund will offer investors exposure to a wide range of blockchain assets, including startup equity, early-stage tokens, and liquid tokens.The Pantera Fund V is set to be the company’s second […]
US Inflation Not As Bad As Feared, But Still Too Hot
Image Source: Pexels Quarterly inflation data surprised to the upside and led the market to brace for a very unpleasant MoM print today. Thankfully it was due to upward revisions, primarily to January, with the March figure coming in line with initial expectations. Nonetheless, inflation remains too hot and September remains the earliest opportunity for an […]
Alphabet, Microsoft Beat Q2 Expectations Driven By AI, Cloud Growth
Alphabet and Microsoft posted strong Q2 earnings driven by AI and cloud computing. Stocks surge in premarket trading today.lphabet Inc. (GOOG) and Microsoft (MSFT), two of the world’s largest technology companies, have reported strong second-quarter earnings driven by their investments and advancements in artificial intelligence (AI) and cloud computing.Both companies surpassed Wall Street expectations, with Alphabet reporting a revenue […]
Worldcoin eyes collaboration with PayPal, OpenAI
Tools for Humanity, the company behind Worldcoin, is exploring potential partnerships with digital payment giant PayPal and Artificial Intelligence (AI) research company OpenAI, said Alex Blania, Chief Executive Officer at Tools for Humanity, in a recent interview with Bloomberg News.Details about these potential partnerships, however, remain tentative and non-specific. Blania did not provide concrete examples […]
Microsoft Commentary – Friday, April 26
Image Source: Unsplash Microsoft Spikes HigherShares in tech giant Microsoft are trading higher today ahead of the US open after the group posted another stellar set of results last night for Q1. This marks the seventh straight quarter of earnings growth for Microsoft. On the headline numbers, Microsoft posted Q1 EPS of $2.94 vs $2.84 expected […]
Gold Price Recovers Amid Uncertain US Economic Outlook
Image Source: Unsplash The price of a troy ounce of gold climbed to 2330.00 USD on Friday. This surge was driven by investors’ ongoing evaluation of the potential direction of the US Federal Reserve’s monetary policy following mixed macroeconomic data.The US GDP for Q1 did not meet expectations, marking the slowest recovery in two years. The […]
Chevron’s Mixed Q1: $2.93 Adj. EPS, $48.72 B In Revenue
Image Source: Unsplash Chevron Corporation (NYSE: CVX) reported its first-quarter earnings for 2024, showcasing a robust performance despite a slight dip in earnings compared to the previous year.The company announced earnings of $5.5 billion, or $2.97 per share (diluted), a decrease from the $6.6 billion, or $3.46 per share, reported in the first quarter of 2023. Adjusted earnings […]
Eurozone Bank Lending Continues To Cautiously Recover
Image Source: Pexels The European Central Bank is on the verge of starting rate cuts and monetary developments are proving no hurdle to doing so. March data shows a subdued recovery in bank lending and money growth. With inflation expectations falling further, today’s data is in line with a start to cautious rate cutsThe worst impact of rate hikes on […]
ExxonMobil Earnings: The Big Oil Stock Reports Disappointing Q1 Financial Results
Image Source: Unsplash ExxonMobil left much to be desired in its earnings report today, on April 26th. The company suffered declining earnings and EPS. This comes in spite of alaready negative Q4 financial results earlier this year. Today, on April 26th, energy company ExxonMobil (NYSE: XOM) reported its Q1 2024 financial results before US markets opened.Exxon follows […]
Solana sees ‘dramatic increase’ in Institutional demand — CoinShares
A recent survey conducted by CoinShares has unveiled a significant shift in institutional investor preferences, with Solana (SOL) experiencing a substantial increase in allocations. The Digital Asset Fund Manager Survey, which polled 64 investors managing a combined $600 billion in assets, highlights the growing interest in altcoins, particularly Solana.James Butterfill, Head of Research at CoinShares, […]
