Shares of athletic apparel retailer Lululemon Athletica Inc. (LULU) are falling more than 11% Friday morning following fourth-quarter and full-year outlook. Looking forward, the company expects revenue to be in the range of $2.605 billion-$2.655 billion and earnings per share in the range of $4.20-$4.30 for the fourth quarter. Analysts […]
Cryptocurrencies gained more than 2.5 percent overnight, early on Friday, tracking Wall Street’s positive close on Thursday. The tech-dominated Nasdaq Composite Index’s closing gains of more than 1 percent bolstered crypto market sentiment ahead of key economic data releases as well as the Fed’s interest rate review due next week. […]
Danish transport and logistics giant A.P. Moller-Maersk and IT major IBM are set to discontinue its blockchain-powered shipping platform TradeLens, with the platform to go offline by the end of the first quarter of 2023. “TradeLens was founded on the bold vision to make a leap in global supply chain […]
The latest comments about altcoins from Michael Saylor, Co-Founder and Executive Chairman at business intelligence software company MicroStrategy Inc. (Nasdaq: MSTR), makes U.S. SEC Chair Gary Gensler look quite crypto-friendly by comparison. This is because although Gesler has said on several occasions that Bitcoin is definitely a commodity while most altcoins […]
Bitcoin risks plummeting by another 70% to $5,000 come next year, according to Eric Robertson, the Global Head of Research at Standard Chartered Bank. In a Sunday statement, the pundit, also the bank’s chief strategist, warned of bitcoin pulling the “surprise move” come 2023, catching investors who believe the crypto […]
A Harvard economics researcher has published a new working paper recommending that central banks around the world start buying Bitcoin. According to a report by Politico, Matthew Ferranti, a fifth-year PhD candidate in Harvard’s economics department has published a new working paper arguing that central banks should start buying up […]
A recent survey shows that the public’s perception of Bitcoin’s future value is at a low in the wake of FTX’s high-profile collapse. According to survey results published by Morning Consult in the wake of FTX’s bankruptcy, US adults are expecting Bitcoin’s price to fall to $11,500 within the next […]
Billionaire investor Mike Novogratz has revealed that he still believes the flagship cryptocurrency Bitcoin ($BTC) will trade at $500,000 per coin in the future, but delayed his prediction over the Federal Reserve and other central banks raising interest rates to rein in on inflation. During an interview with Bloomberg, Novogratz […]
Shares of discount retailer Dollar General Corporation (DG) are falling more than 9% Thursday morning after the company’s third-quarter results missed analysts’ view. The company also cut its fourth-quarter earnings outlook citing greater-than-anticipated gross margin pressures. Dollar General reported net income of $526.2 million or $2.33 per share for the […]
Shares of FREYR Battery (FREY) are falling more than 10% Thursday morning at $12.28. The company today priced its upsized public offering of 20 million shares at $11.5 per share. Gross proceeds from the offering are expected to be $230 million, which FREYR intends to use for the continued construction […]
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