Latest posts
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Bitcoin Exchange Inflows Reach $2 Billion as Profit-Taking Continues
After a prolonged downturn, Bitcoin’s price has stabilized above $86,000, reflecting a period of calmer market conditions. Recent on-chain data indicates that many investors opted to secure profits over the past week, resulting in a significant double-digit loss for the cryptocurrency. Crypto analyst Ali Martinez noted on X that approximately 20,000 BTC, valued near $2…
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DeFi Lending Reaches New Heights in Q3, Outperforming CeFi: Galaxy Digital Report
According to a recent report from Galaxy Digital’s research team, DeFi lending achieved unprecedented success in the third quarter, with the dollar value of outstanding loans on decentralized finance (DeFi) applications rising by $14.52 billion, or 54.84%, to a total of $40.99 billion by the end of Q3. When including centralized finance (CeFi) lenders, the…
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Robert Kiyosaki Sells Bitcoin: What Motivated His Unexpected Move?
Robert Kiyosaki, widely recognized for his ‘Rich Dad, Poor Dad’ series, has consistently championed cash flow and tangible assets such as gold, bitcoin, and silver, while voicing skepticism towards the dollar and stock markets. Recently, however, his stance on bitcoin has shifted. Just a week ago, Kiyosaki announced that he had no intentions of selling…
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Kalshi’s Valuation Soars to $11 Billion Following $1 Billion Funding Round
Kalshi, a U.S. prediction market platform, has reportedly elevated its valuation to approximately $11 billion after securing $1 billion in a recent funding round, as initially reported by TechCrunch, citing a knowledgeable source. This valuation surge is one of the most significant in the prediction market sector this year. The company completed this funding round…
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Earnings Update: Gap and Intuit Stocks Surge, BJ’s Wholesale Exceeds Expectations in a Volatile Market
As the third quarter earnings reports continue to roll in, investors are focusing on key announcements from Nvidia (NVDA) and Walmart (WMT) this week. The Q3 earnings season has commenced positively, with 92% of S&P 500 companies reporting their results as of November 14, according to FactSet. Analysts project a 13.1% year-over-year increase in earnings…
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US Sanctions Risk Leaving Russian Oil Stranded at Sea
(Bloomberg) — New US sanctions that took effect on Friday may leave nearly 48 million barrels of Russian crude adrift, forcing numerous tankers to seek alternative ports as global oil trade undergoes a significant transformation. Washington’s recent decision to blacklist major oil producers Rosneft PJSC and Lukoil PJSC marks one of the most assertive moves…
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Chinese Leather Goods Firm Considers Buyout of Semiconductor Company for Up to $1.2 Billion
(Reuters) – China International Development Corp, a producer of leather goods, announced on Friday that it is exploring a potential acquisition of Lonten Semiconductor Co Ltd, with a deal valued at up to HK$9 billion ($1.16 billion). The company has entered into an agreement with Lonten’s largest shareholder and chairman, Xu Xichang, who holds a…
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Yen Gains Strength Amid Increased Verbal Intervention; Dollar Poised for Weekly Gains
By Ozan Ergenay and Rae Wee LONDON (Reuters) – The yen received a boost on Friday as Japanese officials intensified their verbal interventions to curb the currency’s decline, while the dollar was on course for its most significant weekly gain in six weeks. The yen surged after Finance Minister Satsuki Katayama hinted at the possibility…
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Moog Inc. Reports Strong Fiscal Q4 Earnings
NEW YORK (AP) — Moog Inc. (MOG.A) announced on Friday a fiscal fourth-quarter profit of $64.4 million, translating to earnings of $2.01 per share. When adjusted for one-time gains and expenses, the earnings rose to $2.56 per share, surpassing Wall Street analysts’ expectations. According to Zacks Investment Research, the consensus estimate among three analysts was…
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US Equity Funds Experience Fifth Consecutive Week of Inflows Driven by Strong Earnings
(Reuters) – U.S. equity funds have recorded inflows for the fifth consecutive week, as investors remain optimistic over robust third-quarter earnings growth despite concerns surrounding high valuations in the technology sector. A net total of $4.36 billion flowed into U.S. equity funds for the week ending November 19, marking a significant increase from approximately $965…
