News

: Caterpillar’s stock leads the Dow’s premarket losers after Deere’s disappointing outlook

Shares of Caterpillar Inc. CAT fell 2.7% to pace the Dow Jones Industrial Average’s DJIA premarket decliners Wednesday, following fellow construction equipment maker Deere & Co.’s DE disappointing full-year outlook. The implied price decline of Caterpi...

News

22 Nov 2023

How low can the Bitcoin price go?

Bitcoin price is down 22% from its record high, and many analysts expect BTC to bottom in the $45,000 to $50,000 range.

22 Nov 2023

First Mover Americas: Binance, Binance, Binance

The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 22, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

22 Nov 2023

Justin Sun Confirms HTX, Heco Chain Exploited After $100M in Suspicious Transfers

HTX withdrawals and deposits have been temporarily suspended, and all losses will be covered by the exchange, Sun said.

22 Nov 2023

: Carl Icahn’s investing arm’s stock closes below $17 again

Icahn Enterprises L.P.’s stock IEP closed below $17 on Tuesday, sending it back toward recent 19-year lows. The stock closed at $16.42 on Tuesday, close to a recent closing low of $16.36 on Nov. 1, which was the lowest level seen since May 18 of 2004....

News

22 Nov 2023

: EBay agrees to sell stake in Adevinta in Blackstone, Permira buyout deal

Adevinta’s stock NO:ADEADEVY was in the spotlight on Wednesday after Permira and Blackstone Inc. BX on Tuesday said they are offering to buy all of the outstanding ordinary Class A shares in the Norway-based online classified advertising company for $1...

News

22 Nov 2023

Crypto Banking Firm BCB Group CEO Quits 5 Months After His Deputy

Oliver Tonkin has replaced Oliver von Landsberg-Sadie at the crypto banking firm.

22 Nov 2023

HECO Chain bridge compromised over $86.6M sent to suspicious addresses

Blockchain security firm PeckShield reported that assets like stablecoins, ETH, SHIB, LINK and more were transferred from the bridge. Withdrawals and deposits have been suspended, and Justin Sun has said HTX will fully compensate users...

22 Nov 2023

Setting new standards for crypto exchanges in the post-FTX era: Report

In an industry that is growing increasingly wary of financial malpractice, which exchange is the most trustworthy?

22 Nov 2023

: Microsoft to invest $500 million to expand hyperscale cloud computing and AI in Quebec

Microsoft Corp. MSFT said Wednesday it’s planning to invest $500 million in expanding its hyperscale cloud computing and AI infrastructure in Quebec over the next two years. The software giant said it will increase the size of its local cloud infrastru...

News

22 Nov 2023

Did Binance’s CZ predict his own downfall?

An exclusive interview with Cointelegraph in 2018 highlighted growing scrutiny of Binance’s meteoric growth.

22 Nov 2023

JPY Price Forecast: BoJ Hopeful for Softer USD

USD/JPY swiftly recovered yesterday’s downside move but US economic data could aid in a bullish yen outlook.

Forex

22 Nov 2023

: Reynolds Consumer Products stock dips after J.P. Morgan downgrade

Reynolds Consumer Products Inc.’s stock REYN was down by 1.5% in premarket trading on Wednesday after J.P. Morgan analyst Andrea Teixeira downgraded the company to neutral from overweight and reduced its price target by $1 to $28 a share. Teixeira cite...

News

22 Nov 2023

KPMG Canada Teams Up With Chainalysis to Fight Crypto Frauds and Exploits

The duo will help companies adhere to crypto regulations and advance anti-money laundering compliance programs.

22 Nov 2023

The Bill for Offshore Wind Power Is Rising

With offshore wind projects bleeding cash, governments will have to pay more to hit their clean-energy targets. Recent auctions show just how much more.

News

22 Nov 2023

: Clorox’s stock rises on J.P. Morgan upgrade to neutral from underweight

Clorox Co.’s stock CLX rose by 1.7% in premarket trading on Wednesday after J.P. Morgan upgraded the bleach and cleaning products maker to neutral from underweight and also lifted its price target to $145 a share from $124. Analyst Andrea Teixeira said...

News

22 Nov 2023

CoinMarketCap rival CoinGecko acquires NFT startup Zash

CoinGecko has acquired the NFT data infrastructure platform Zash as the firm remains bullish about the NFT market. The terms of the deal have not been disclosed.

22 Nov 2023

Nvidia’s AI Boom Almost Blows Past Politics

The chip maker admits China restrictions will take a toll, but booming AI demand elsewhere should offset it.

News

22 Nov 2023

: Deere’s stock sinks after earnings beat forecasts but outlook is well below

Shares of Deere & Co. DE dropped 6% in premarket Wednesday, after the maker of agricultural, construction and forestry equipment reported fiscal fourth-quarter earnings that beat expectations but provided a downbeat full-year outlook, with all of its b...

News

22 Nov 2023

OpenAI and Microsoft sued over alleged unauthorized use of authors’ work

Julian Sancton, an author and Hollywood reporter, accuses Microsoft of being aware of OpenAI’s indiscriminate internet crawling for copyrighted material.

22 Nov 2023

Euro (EUR) Latest: EUR/USD and EUR/GBP Leaking Lower Ahead of Thanksgiving Break

The US dollar is trying to move higher after the latest FOMC minutes showed that the Fed in no mood to cut interest rates anytime soon.

Forex

22 Nov 2023

New Binance CEO Richard Teng pitches ‘very strong’ foundation to skeptics

Teng’s tenure will focus on three aspects of the business as CEO: reinstating investor confidence, collaborating with regulators and driving Web3 adoption, he said.

22 Nov 2023

Trading Crypto on Binance Becomes Challenging as Order Book Liquidity Tanks 25%

Order book liquidity refers to the capacity to trade quickly at quoted prices.

22 Nov 2023

American Shoppers Have Plenty of Dry Powder

Consumers say they aren’t upbeat, but they will keep cash registers ringing this holiday season.

News

22 Nov 2023

The Trade That Backfired for America’s Biggest Wood-Pellet Exporter

Enviva made a wager to buy pellets from a customer and resell them, but then prices fell.

News

22 Nov 2023

Digital Euro Isn’t Pressing, but Work Should Continue: Spanish Central Bank Governor

Europe's "highly efficient" payment systems leave space to address social and financial concerns of a central bank digital currency, Pablo Hernández de Cos said.

22 Nov 2023

FTSE 100, S&P 500 and Russell 2000 Consolidate Ahead of Thanksgiving

Outlook on FTSE 100, S&P 500 and Russell 2000 as US earnings season draws to a close

Forex

22 Nov 2023

Binance Will Retain Its International Dominance After U.S. Settlement: Bernstein

The deal also removes the final hurdle before approval of a spot bitcoin ETF, the report said.

22 Nov 2023

PKT Community Roundtable | November 2023

Pkteers! On November 8th, 2023, the PKT Community held its bi-monthly Discord roundtable discussion during which Pkteers shared the latest news and updates about the PKT project. Read along to...
The post PKT Community Roundtable | November 2023 appeared first on PKT Cash Blog.

22 Nov 2023

Binance Processes Nearly $1B in Net Outflows as Changpeng ‘CZ’ Zhao Resigns

Data shows the exchange sits on over $67 billion worth of tokens, easing concerns of a possible bank run.

22 Nov 2023