Shares of PROG Holdings, Inc. (PRG), a financial technology holding company, are rising more than 10% Wednesday morning after reporting better-than-expected third-quarter results. The company also raised its full-year outlook. Net earnings for the quarter increased to $35.01 million or $0.76 per share from $16.01 million or $0.32 per share […]

On 24 October 2023, Tom Gorman, a former attorney for the U.S. Securities and Exchange Commission (SEC), spoke with Bloomberg TV about the uncertain future of a spot Bitcoin ETF receiving SEC approval. Thomas Gorman is a seasoned legal expert specializing in securities law, currently serving as a partner at […]

Bitcoin continued to demonstrate remarkable resilience on Wednesday, signalling its determination to carry on with its impressive rally that began earlier this week. Notably, the leading cryptocurrency by market capitalization surged Tuesday and touched $35,000 for the first time in approximately 17 months, sending waves of optimism throughout the crypto […]

Cryptocurrencies surged more than 8 percent in the past 24 hours as a fresh wave of Bitcoin ETF frenzy gripped the digital assets market. Market expectation of a large number of spot Bitcoin ETFs hitting the market catalyzed a major bullish momentum in crypto sphere. The price of Bitcoin jumped […]

On Sunday, former White House Director of Communications Anthony Scaramucci, who is the founder and managing partner of global alternative investment firm SkyBridge Capital, shared his medium and long-term outlook for Bitcoin. In a recent appearance on the “OPTO – Invest in Innovation” podcast, initially covered by The Block, Scaramucci shared his bullish […]

Speculation is rife the SEC could approve the first U.S.-based spot bitcoin exchange-traded fund (ETF) in the coming months. According to crypto services provider Matrixport, the price of the benchmark crypto will likely move up rapidly to as high as $56,000 once approval of BlackRock’s ETF application happens. Bitcoin Could […]

Despite recent false reports that rocked the cryptosphere, the hype surrounding the potential approval of spot Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) has not faded. Adding to the excitement, Galaxy Digital CEO Mike Novogratz has expressed strong confidence in the looming approval of spot […]

Shares of Webster Financial Corporation (WBS) are rising more than 4% Thursday morning after reporting better-than-expected third-quarter results. Net income in the third quarter increased to $222.31 million or $1.28 per share from $229.81 million or $1.31 per share in the same quarter a year ago. Excluding one-time items, earnings […]

Mixed earnings updates, rising tensions in Middle East and fears of interest rates not falling any time soon dampened market sentiment early on Thursday. Wall Street Futures are trading with mild losses. European benchmarks are trading deep in the red. Asian stocks closed with deep losses. Fed fears kept the […]

Shares of Morgan Stanley (MS) are down more than 6% Wednesday morning after reporting lower profit in the third quarter. Net income for the third quarter was $2.408 billion, or $1.38 per share, lower than $2.632 billion, or $1.47 per share, for the same period a year ago. Provision for […]