Tag Archives: Market News

[unable to retrieve full-text content]CoinspeakerXpeng Shares Jump 11% as Company Records Growth in Deliveries after Year of Declines Xpeng is hoping that its new car would help improve the company's losses even as it has recorded a return to quarterly growth in deliveries. Xpeng Shares Jump 11% as Company Records Growth in Deliveries after Year of Declines

[unable to retrieve full-text content]CoinspeakerWinklevoss Brothers Bash US SEC for Refusal to Approve Bitcoin ETF Products The Gemini founders filed for the first Bitcoin ETF with the US SEC ten years ago, which was rejected for almost the same reason the recent BlackRock and Fidelity products were dismissed. Winklevoss Brothers Bash US SEC for Refusal to Approve Bitcoin ETF Products

[unable to retrieve full-text content]CoinspeakerEU to Work with Japan on AI and Chip Supply Chain It is obvious that as the EU is retracting from China, it is also establishing several deep-rooted relationships with other countries in the area of technology.  EU to Work with Japan on AI and Chip Supply Chain

[unable to retrieve full-text content]CoinspeakerExploring Current State of MAANG and MANATAM Stocks The inclusion of Nvidia, Tesla, and Microsoft expands the reach of the MAANG stocks, encompassing electric vehicles, Graphic Processing Units (GPUs), and software. Exploring Current State of MAANG and MANATAM Stocks

Scaramucci highlights the importance of patience when considering Nvidia as an investment opportunity. Investing in Artificial Intelligence (AI) stocks has become increasingly popular as the technology continues to reshape industries. However, concerns about a potential bubble in the AI industry have emerged. In a Bloomberg report, Anthony Scaramucci, the Founder of SkyBridge Capital, advised AI stock investors to concentrate on long-term investments amidst these concerns. He highlights...

Even if the IPO rumors were true and Shein wanted to list in the US, the company would need to clear the air about environmental, social, and governance concerns. Fast-rising Chinese fashion giant Shein has denied the widespread rumors that it has filed for an initial public offering (IPO) in the US. Rumors had it that the company was planning to go public in the US before the end of the year. At the time, A Reuters report said Shein was considering the New York Stock Exchange (NYSE) for...

The company’s CEO Helena Helmersson said H&M upped sales in multiple markets even as customers reduced their spending behavior. On Thursday, popular fashion retailer H&M saw its shares reach a 16-month high as its Q2 profits exceeded expectations. The multinational clothing company gained 16.74% to reach its highest level since February 2022. At a time when people are spending more on food to survive the increasing cost of living, the retailer managed to surge as it targets...

The European Commission’s proposals for the use of cash and the digital Euro contain similar content as a draft bill leaked earlier in June. The European Union has published proposals that seek to preserve the use of cash in the region, while simultaneously setting a framework for the possible issuance of a digital euro. According to proposals by the European Commission, the aim is to ensure that banknotes and coins are still as accessible as ever while digital options are also supported....

The SEC may prefer to give BlackRock the approval because of its reputation. According to some Bloomberg analysts, BlackRock has a 50% chance of getting approval for its spot Bitcoin Exchange Traded Fund (ETF) from the Securities and Exchange Commission (SEC). On the other hand, they also speculated that Grayscale has a 70% chance of winning its ongoing legal case against the regulator. Eric Balchunas made the comment about the two companies in a tweet after Elliott Stein, a senior...

The UK Law Commission has submitted its proposal to the government to provide a comprehensive legal foundation for digital assets. As crypto adoption grows in the UK, lawmakers have started demanding a proper law base governing digital assets. The UK Law Commission has proposed having proper crypto rules to make the country a global hub for digital assets and non-fungible tokens. In a report on Wednesday, June 28, the independent panel of the Law Commission noted that the long-awaited...