Bitcoin dropped to the $90,000 mark to start the week, extending weekend losses as investors continued to dump tech stocks.The price of the flagship cryptocurrency was last lower by 4% at $90,413.80, according to Coin Metrics, bringing its losses since Saturday to about 7%. Bitcoin lost 11% in the past week.Stock Chart IconStock chart iconBitcoin extends its slide as growth-oriented assets continue to get hitEther lost 7% Monday and the broader crypto market, as measured by the CoinDesk 20 index, dropped more than 6%. In premarket trading, shares of Coinbase and MicroStrategy slid 4% and 5%, respectively. Mara Holdings declined…
Author: usaeverydaylife
The Moderna Inc. headquarters in Cambridge, Massachusetts, US, on Tuesday, March 26, 2024. Adam Glanzman | Bloomberg | Getty ImagesModerna on Monday lowered its 2025 sales guidance by roughly $1 billion due to a few potential headwinds later this year, as the biotech company continues to cut costs and expand its portfolio.Moderna now expects 2025 revenue to come in between $1.5 billion and $2.5 billion, most of which will come in the second half of the year. The majority of those sales will come from Moderna’s Covid shot and newly launched vaccine for respiratory syncytial virus, according to a release.The guidance…
The bitcoin ETF launch about a year ago was one of the most successful product launches in financial history. There is now roughly $113 billion in bitcoin ETFs, a little more than 1% of the assets under management in all exchange traded funds. Consider this: there have been over 6,000 ETF launches in the United States. Looking at the largest ETFs one year after they launched, Bloomberg’s James Seyffart noted that, “Even if you inflation adjust the assets, 4 of the Bitcoin ETFs [ IBIT , FBTC , ARKB , and BITB ] are in the top 20 U.S. ETF launches of…
ORLANDO, Fla. — Lululemon and Abercrombie & Fitch raised their fourth quarter outlooks on Monday after seeing a strong response from shoppers during the all-important holiday season. Lululemon’s new outlook went over well with investors, leading shares to rise about 3% in premarket trading. But Abercrombie shares dropped about 8% as investors wonder if its rapid growth is coming to an end.Lululemon now expects sales to grow between 11% and 12% to between $3.56 billion and $3.58 billion, up from a previous range of $3.48 billion and $3.51 billion. Excluding an additional fiscal week the company will have in the fourth quarter…
For the last decade or more, Europe’s governments have been trying to resist covert influence operations from adversaries like Russia and China.Now they have a very different challenge: Fending off overt efforts by Elon Musk and Donald Trump’s MAGA movement to seize territory, oust elected leaders and empower far-right causes and parties.Even before he retakes office, Mr. Trump is making threats — perhaps serious, perhaps not — to acquire the territory of NATO allies like Canada and Denmark. And Mr. Musk, the president-elect’s biggest financial supporter, is using his social media platform X to bring the far-right Alternative for Germany…
RH may be poised for big gains ahead, according to Morgan Stanley. Seeing the luxury home furnishing company in the “early stages of a positive inflection,” analyst Simeon Gutman upgraded it to overweight from equal-weight and hiked his price target by $95 to $530, which implies 28% upside from Friday’s close. This comes after a strong year for RH. The stock outperformed the S & P 500 , gaining around 35%. In the past six months, shares have soared more than 50%. RH 6M mountain RH, 6-month While Gutman noted that certain investments were dialed back during the Covid-19 pandemic,…
This is breaking news. Please refresh for updates.Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in NYC on Sept. 28th, 2023.Adam Jeffery | CNBCBill Ackman’s Pershing Square is offering to takeover the rest of Howard Hughes Holdings the investment firm does not own for $85 a share.”While we are pleased with the substantial business progress Howard Hughes Holdings has made over the more than 14 years since it went public, we, like other long-term shareholders and this board, have been displeased with the Company’s stock price performance,” wrote Ackman in a letter to the Howard…
US President Joe Biden delivers remarks on advancing the safe, secure, and trustworthy development and use of artificial intelligence, in the East Room of the White House in Washington, DC, on October 30, 2023.Brendan Smialowski | AFP | Getty ImagesThe U.S. government said on Monday it would further restrict artificial intelligence chip and technology exports, divvying up the world to keep advanced computing power in the U.S. and among its allies while finding more ways to block China’s access.The new regulations will cap the number of AI chips that can be exported to most countries and allow unlimited access to…
People buy vegetables at a vegetable market in Siliguri, India, on December 28, 2024.Nurphoto | Nurphoto | Getty ImagesIndia’s inflation declined for a second straight month year on year, coming in just below expectations at 5.22% in December, boosting the case for prospective interest rate cuts.Analysts polled by Reuters had forecast a 5.30% reading. The December print from the Ministry of Statistics and Programme Implementation marked the slowest pace of growth in prices since August 2024.Annual growth in food prices — a key metric — eased to 8.39% in December from 9.04% in November, with the MoSPI noting a “significant…
One young soldier from North Korea said he didn’t know where he was fighting when he was sent from his isolated homeland to the frontline of the war between Russia and Ukraine. When asked whether his parents knew where he was, another North Korean soldier shook his head.The three-minute video clip that President Volodymyr Zelensky of Ukraine posted on the social media platform X on Sunday showed a Ukrainian official questioning two North Korean prisoners of war with the help of a Korean interpreter. The Ukrainian authorities announced their capture on Saturday, saying they were the first North Korean troops…
