News

: Jaguar Health’s stock drops after results supporting ‘paramount’ trial have not been received yet

Shares of Jaguar Health Inc. JAGX were mauled for a 21.2% loss in morning trading Tuesday, after the drug maker said it has not yet received data supporting the Phase 3 trial of its treatment of diarrhea in cancer patients receiving therapy. The compan...

News

21 Nov 2023

: U.S. stocks open lower as S&P 500’s winning streak threatened ahead of Fed minutes

U.S. stocks opened lower Tuesday, with the S&P 500 potentially snapping five straight days of gains, as investors await minutes from the Federal Reserve’s latest policy meeting. The Dow Jones Industrial Average DJIA was down 0.2% soon after the opening...

News

21 Nov 2023

Pantera CEO Foresees Spot Bitcoin ETF Breaking ‘Buy the Rumor, Sell the News’ Cycle

For many advocates, the green light for a spot bitcoin ETF (exchange-traded fund) signifies a pivotal moment in the progression of digital assets. Pantera Capital’s Dan Moorehead views this evolution not merely as another chapter in the crypto narrative, but as a transformative leap in the recognition and accessibility of bitcoin for investors. As the […]

21 Nov 2023

Michael Saylor’s a fan, but Frisby says bull run needs a new guru: X Hall of Flame

Bitcoiner Dominic Frisby counts Michael Saylor as a fan… but says we need a new Bitcoin evangalist & narrative to propel the next bull run.

21 Nov 2023

USD/ZAR Price Forecast: Rand Susceptible to SA CPI & SARB

Rand prices stay firm after a lackluster few trading sessions as markets keenly await the FOMC minutes, South African CPI and the SARB rate announcement later this week.

Forex

21 Nov 2023

Can blockchain supply the guardrails to keep AI on course?

Some believe that hybrid blockchains with both private and public aspects can solve AI’s black-box problem.

21 Nov 2023

AVAX Ecosystem to Get $10M Boost from Avalanche Accelerator Colony Lab

Colony Lab will set up a network validator and invest in an index that tracks prominent Avalanche projects.

21 Nov 2023

Aragon DAO votes to fund legal action against its founders

The DAO expressed dissatisfaction with the team’s recent move to dissolve its governing body and shut down its token without consulting the community.

21 Nov 2023

: American Eagle Outfitters’ stock falls sharply in premarket trades

American Eagle Outfitters Inc.’s stock AEO dropped 16% in premarket trading on Tuesday after the midpoint of the retailer’s fourth-quarter operating income forecast range fell short of estimates. American Eagle Outfitters said its third-quarter net inc...

News

21 Nov 2023

Tether’s bank partner Britannia sued over $1B deposit: Report

Tether’s bank partner Britannia is reportedly facing a lawsuit over claims it failed to pay the full price of revenue-generating assets allegedly related to a deposit from Tether.

21 Nov 2023

OpenAI seeks to diffuse internal tensions after Altman departure: Report

Executives at OpenAI have been trying to settle disputes with employees and are in “intense discussions” over how to move forward after the abrupt departure of former CEO Sam Altman.

21 Nov 2023

: Broadcom and VMware win final approval to close merger, but their stocks fall

Broadcom Inc. AVGO and VMware Inc. VMW expect to close their merger Wednesday after receiving all necessary regulatory approvals, the companies said Tuesday morning. The companies had been waiting on China to approve the $61 billion deal, which had bee...

News

21 Nov 2023

First Mover Americas: SEC Sues Kraken; Binance Faces $4B Settlement

The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 21, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

21 Nov 2023

Centralized vs. decentralized orders matching on DEXs

Centralized and decentralized order batchers are central to this discussion, each representing a different approach to order matching.

21 Nov 2023

Gold (XAU/USD) Price Latest: Setting Up for the Next Leg Higher?

The US dollar continues to weaken and this is opening the way for gold to re-test the late October multi-month high

Forex

21 Nov 2023

: Abercrombie & Fitch earnings top estimates and retailer raises guidance, but stock still falls

Abercrombie & Fitch Co. ANF posted better-than-expected third-quarter earnings on Tuesday and raised its guidance, after a strong back-to-school season for its Hollister brand. The New Albany, Ohio-based retailer posted net income of $96.2 million, or...

News

21 Nov 2023

Report: Bitcoin Mining Project Initiates Construction of Hydro-Powered Facility in Nigeria

A Nigerian startup named Trojan Mining is constructing a hydro-powered facility dedicated to bitcoin (BTC) mining in the African country, according to a recent report. Over the weekend, Trojan unveiled the creation of its mining container, locally produced and designed for a 500-kilowatt (KW) bitcoin mining site. Startup Embarks on Hydro-Powered Bitcoin Mining Facility Project […]

21 Nov 2023

: Dick’s Sporting Goods rallies in premarket after it boosts its 2023 profit outlook

Dick’s Sporting Goods Inc.’s stock DKS was up nearly 9% in premarket trading on Tuesday after the retailer beat Wall Street’s third-quarter profit estimate and raised its outlook for 2023. Dick’s Sporting Goods said its third-quarter net income fell to...

News

21 Nov 2023

Binance $3.9B USDT move gains community attention amid DOJ settlement claims

Binance transferred $3.9 billion in USDT between its wallets, days before a report about a $4 billion settlement with the United States Justice Department was published.

21 Nov 2023

: Wyndham says letter from hostile bidder Choice is a step backwards, says offer undervalues hotel chain

Wyndham Hotels & Resorts Inc. WH said Tuesday a letter it has received from Choice Hotels International Inc. CHH represents step backwards and the terms outlined are neither in Wyndham’s interest or those of its shareholders. Choice launched a hostil...

News

21 Nov 2023

: Best Buy’s stock slides premarket after revenue miss and as retailer lowers guidance

Best Buy Co. Inc.’s stock BBY fell 2.4% in premarket trade Tuesday, after the electronics retailer posted weaker-than-expected third-quarter revenue and lowered guidance to reflect a choppy and uncertain environment. The company had net income of $263 ...

News

21 Nov 2023

: Kohl’s stock drops after profit tops expectations but same-store sales miss

Shares of Kohl’s Corp. KSS dropped 3.3% in premarket trading Tuesday, after the department store chain beat profit expectations but missed on same-store sales and trimmed its full-year revenue outlook. Net income for the quarter to Oc.t 28 fell to $111...

News

21 Nov 2023

: Merck paying $610 million for Caraway Therapeutics

Merck & Co. Inc. MRK said Tuesday it agreed to pay up to $610 million to acquire Caraway Therapeutics, a preclinical biopharmaceutical company pursuing new approaches for the treatment of genetically defined neurodegenerative and rare diseases. The com...

News

21 Nov 2023

The Big Bank With a $15 Billion Conundrum in China

HSBC has a big stake in a Chinese lender that it can’t easily sell and that could require a big write-down.

News

21 Nov 2023

: Burlington Stores stock soars after earnings beat expectations, margins improve and November off to ‘solid’ start

Shares of Burlington Stores Inc. BURL leapt 9.9% toward a two-month high in premarket trading Tuesday, after the discount apparel and footwear retailer topped profit and same-store sales expectations, and said the current quarter was off to a “solid” s...

News

21 Nov 2023

LBank Labs Winter Bootcamp 2024: The Epicenter of Blockchain Innovation

PRESS RELEASE. A short recap from Summer Bootcamp 2023. Following our hugely successful Cabo Mexico Bootcamp with 12 finalist teams selected from 70+ projects and 3 of 12 received extra grants for innovation, feasibility and improvement. We’re bringing together luminaries from over a dozen global top universities like CMU, Colombia, Berkeley, Stanford, Imperial College and […]

21 Nov 2023

RBA Minutes Reveal Motive Behind the November Hike

The RBA weighed up the pros and cons of hiking rates in November and decided it was crucial to anchor inflation expectations. Higher demand also seen contributing to CPI

Forex

21 Nov 2023

: Medtronic’s second-quarter earnings top estimates as medical device maker raises guidance

Medtronic PLC’s stock MDT rose 0.8% premarket Tuesday, after the medical device maker posted better-than-expected earnings for its fiscal second quarter and raised guidance. Dublin-based Medtronic posted net income of $909 million, or 68 cents a share,...

News

21 Nov 2023

Warren Buffett Is Going Big, Not Home, in Japan

The Nikkei touched a 33-year high as a move by Buffett stirred speculation that he might increase his bet on Japanese equities.

News

21 Nov 2023

: Hibbett Q3 earnings sweep past estimates and retailer raises profit guidance

Hibbett Inc. HIBB posted better-than-expected earnings for the third quarter on Tuesday, and raised its guidance, despite a still challenging retail environment. The sporting goods retailer posted net income of $25.5 million, or $2.05 a share, for the ...

News

21 Nov 2023