Cryptocurrency Prices And News: Ethereum Spikes On ETF Approval Chatter

The Daily Beast
Trump Media Reports $327M First Quarter Loss, Posts Revenue of Just $770K
STR/NurPhoto via Getty ImagesTrump Media & Technology Group, the company that owns Truth Social, on Monday posted an alarming loss and less than $1 million in revenue in its first quarter since going public. Trump Media, which began trading in March under the ticker symbol DJT, reported $770,500 in revenue—crediting its “nascent advertising initiative”—down from $1.1 million last year. However, it also reported a net loss of $327.6 million during the first three months of the year, compared with
Reuters
Nvidia earnings could spark $200 billion swing in shares, options show
Traders are pricing in a big move for Nvidia’s shares after the chipmaker reports earnings on Wednesday, though expectations for volatility are more muted than in the past, U.S. options markets show. Nvidia's options are primed for an 8.7% swing in either direction by Friday, according to data from options analytics firm Trade Alert. While massive by most measures, that implied move would fall far short of the 16.4% jump Nvidia’s shares notched after the company’s most recent quarterly earnings report.
Bloomberg
Red Lobster Chain Goes Bankrupt After Unlimited Shrimp Deal
(Bloomberg) -- Seafood restaurant chain Red Lobster filed for bankruptcy, succumbing to onerous leases, high labor costs and a disastrous unlimited shrimp promotion. Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovySpeedier Wall Street Trades Are Putting Global Finance On EdgeJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’One of the Last Big Bears on Wall Street Turns Bullish on US Stocks
Bloomberg
Philippines Warns of Intervention as Peso Drops Past Key Level
(Bloomberg) -- The Philippine central bank warned it will intervene in the currency market after the peso dropped past the key 58-per-dollar level.Most Read from BloombergOne Dead After Singapore Air Flight Hit By Severe TurbulenceASML, TSMC Can Disable Chip Machines If China Invades TaiwanHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyTesla Shareholder Group Slams Elon Musk’s $56 Billion Pay PackageJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’Authorities will step in
Bloomberg
Gold Trims Gains as Traders Book Profit After Fresh Record
(Bloomberg) -- Gold trimmed gains as traders booked profits after prices surged to a record on increasing optimism over the Federal Reserve’s monetary policy and rising geopolitical tensions in the Middle East.Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’Speedier Wall Street Trades Are Putting Global Finance On EdgeOne of the Last Big Bea
Reuters
Anglo shareholder LGIM supports break-up plan as BHP circles
Anglo American shareholder Legal & General Investment Management (LGIM) supports the break-up plan announced by the company last week, it said on Monday, as the deadline approaches for BHP Group to log a formal takeover offer. The radical plan to divest Anglo's less profitable coal, nickel, diamond and platinum businesses followed its rejection of two all-share takeover approaches from BHP, the world's biggest listed mining group, which had proposed a $43 billion deal on the condition that Anglo first spins off its South African operations. "The plan outlined by Anglo American is a radical but attractive strategy to create value for long-term investors," said Nick Stansbury, head of climate solutions at LGIM.
Simply Wall St.
Positive Signs As Multiple Insiders Buy City Chic Collective Stock
It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it...
GOBankingRates
TikTok’s Humphrey Yang Claims These 5 Investments Will Keep You Poor
Everyone should be investing a good portion of their income. It's one of the key ways to build wealth (if you need an example, just look at multibillionaire Warren Buffett, who built much of his net...
Fortune
Investors clash over Elon Musk’s $46 billion pay package: ‘The board has yet to ensure that Tesla has a full-time CEO’
Investors say Musk is spread too thin among his other companies to justify such high pay.
Reuters
Dollar steady as Fed urges patience; kiwi jumps on hawkish RBNZ outlook
TOKYO (Reuters) -The dollar was steady against a handful of peers on Wednesday, as the market assessed calls for patience from Federal Reserve officials and awaited the publication of Fed minutes for more insight on the central bank's path. The kiwi stood out against the calm, leaping after the Reserve Bank of New Zealand's monetary policy decision. While RBNZ left its benchmark cash rate at 5.5% as widely expected, the central bank said that there was some concern the inflation rate had fallen more slowly than expected.
Simply Wall St.
Insider-Owned Indian Growth Companies To Watch In May 2024
The Indian market has shown robust performance, with a 3.7% rise over the past week and an impressive 44% climb over the last year. With earnings expected to grow by 17% annually, companies with high insider ownership might offer valuable stability and growth potential in this flourishing environment.
NCA NewsWire
RBA keeps door open to another rate hike
Admitting the risks around an inflation rebound had increased, the RBA board was unwilling to rule out an additional rate hike.
The Independent
UK inflation - latest: Rates set to return close to 2% target in boost for Bank of England
Economists polled by Reuters think that inflation could drop to 2.1 per cent
Investing.com
Palo Alto Networks shares drop 8% premarket as billings outlook disappoints
Investing.com -- Shares in Palo Alto Networks (NASDAQ:PANW) tumbled more than 8% in premarket U.S. trading on Tuesday, after analysts flagged that the group's latest billings forecast disappointed elevated expectations.
TechCrunch
Vitesse, a payments and treasury management platform for insurers, raises $93M to fuel US expansion
U.K. fintech Vitesse has closed a $93 million Series C round of funding led by investment giant KKR. KKR said it's making the investment through its Next Generation Technology Growth Fund III, a $3 billion fund it closed last year. Founded out of London in 2013, Vitesse is the handiwork of Paul Townsend and Phil McGriskin, who had sold an e-commerce payments company called Envoy to WorldPay back in 2011.
Reuters
Morning Bid: Metals zoom as investors wait on rates
Copper and gold made record highs in Asia trade on Monday and silver surged over $30. Gold's 18% rally over the year to date has been attributed, variously, to Chinese buying, global political tension and expectations that U.S. rates will start to fall soon, seen as a boon for a metal that does not pay a yield at all.
Simply Wall St.
Investors in Vita Life Sciences (ASX:VLS) have seen stellar returns of 216% over the past five years
When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...
Australian Associated Press
Consumer spending the wildcard in rate hike uncertainty
The spending appetite of consumers remains a key source of uncertainty for the Reserve Bank as the battle against inflation rages.
Yahoo Finance AU
Expert warns Aussies common dog breed could cost you when trying for a home loan: 'Most people don't realise'
Lenders can adjust a person's borrowing power and the breed can also influence their decision.
Yahoo Finance
Jamie Dimon says the end to his time as JPMorgan CEO is 'not 5 years anymore'
The CEO of JPMorgan Chase made it clear Monday he now envisions a day when he will no longer run the largest US bank in fewer than five years.

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Cryptocurrency Prices And News: Ethereum Spikes On ETF Approval Chatter

Latest stories

Trump Media Reports $327M First Quarter Loss, Posts Revenue of Just $770K

Nvidia earnings could spark $200 billion swing in shares, options show

Red Lobster Chain Goes Bankrupt After Unlimited Shrimp Deal

Philippines Warns of Intervention as Peso Drops Past Key Level

Gold Trims Gains as Traders Book Profit After Fresh Record

Anglo shareholder LGIM supports break-up plan as BHP circles

Positive Signs As Multiple Insiders Buy City Chic Collective Stock

TikTok’s Humphrey Yang Claims These 5 Investments Will Keep You Poor

Investors clash over Elon Musk’s $46 billion pay package: ‘The board has yet to ensure that Tesla has a full-time CEO’

Dollar steady as Fed urges patience; kiwi jumps on hawkish RBNZ outlook

Insider-Owned Indian Growth Companies To Watch In May 2024

RBA keeps door open to another rate hike

UK inflation - latest: Rates set to return close to 2% target in boost for Bank of England

Palo Alto Networks shares drop 8% premarket as billings outlook disappoints

Vitesse, a payments and treasury management platform for insurers, raises $93M to fuel US expansion

Morning Bid: Metals zoom as investors wait on rates

Investors in Vita Life Sciences (ASX:VLS) have seen stellar returns of 216% over the past five years

Consumer spending the wildcard in rate hike uncertainty

Expert warns Aussies common dog breed could cost you when trying for a home loan: 'Most people don't realise'

Jamie Dimon says the end to his time as JPMorgan CEO is 'not 5 years anymore'