The co-CEO of cryptocurrency exchange Kraken criticized the U.K.’s rules on promoting crypto, saying that warnings companies are required to place on their websites hinder retail investors and expose them to potential losses, the Financial Times reported on Wednesday. “In the U.K. today, if you go to any crypto website, including Kraken’s, you see the…
Check out the companies making headlines before the bell : MP Materials — The rare earth mine operator rose 3% after a Deutsche Bank upgrade to buy from hold. The bank highlighted MP as a buying opportunity for investors looking for exposure to rare earths. Palantir — Shares of the defense technology stock popped 3%….
See which stocks are posting big moves before the bell. Source link
Famed short seller Jim Chanos closed his closely-watched wager pitting Strategy against bitcoin , saying the valuation gap that once made the trade so compelling had largely vanished. Chanos said Saturday in a social media post on X that as of Friday’s market open he had unwound his pair trade of shorting Strategy and going…
India is poised to become the epicentre of global oil demand growth over the next decade, the International Energy Agency (IEA) said in its latest Global Energy Outlook 2025, citing rapid economic expansion, industrialisation, and rising vehicle ownership as key drivers of energy consumption.According to the Paris-based agency, India’s energy demand is projected to rise…
Check out the companies making the biggest moves midday: TreeHouse Foods — The food processor rallied 23% after announcing it’s being bought by European investment group Investindustrial for $22.50 per share in cash. That represents an 18% premium from Friday’s close. The deal values TreeHouse at nearly $3 billion. Tech stocks — Names tied to…
Warren Buffett laid out a plan to “step up” the pace of giving away his $149 billion estate to his children’s foundations, while still allowing for a short period that lets Berkshire Hathaway shareholders gain confidence in incoming CEO Greg Abel. Buffett, in a Thanksgiving letter that will become an annual tradition, said he needs…
The crypto market continued to consolidate on Wednesday with crypto majors bitcoin BTC$103,360.58 and ether ETH$3,545.97 losing less than 1% while privacy tokens such as decred DCR$33.00, up 22%, DASH and XMR extended their market outperformance. The overall crypto market cap is down by 0.6% in the past 24 hours to $3.51 trillion, although it…
The longest federal government shutdown in US history has upended airlines’ holiday quarter expectations, grounding thousands of flights and forcing carriers to scramble for contingency plans as operations across the country remain crippled.Airlines, which had been counting on a rebound in corporate and leisure travel, are now seeing Thanksgiving bookings grow by just 1% since…
Circle Internet Group (CRCL), issuer of the world’s second-largest stablecoin USDC, reported third-quarter net income of $214 million, a year-over-year increase of 202%, on Wednesday. Earnings per share (EPS) rose to $0.64, beating expectations of $0.22. Total revenue and reserve income more than doubled to $740 million The New York City-based company reported earnings before…
