“April’s Core CPI Signals Looming Inflation as June’s FOMC Meeting Approaches – TDS Insights”
Data from the US released on Wednesday showed a decline in the annual Consumer Price Index in April in line with expectations. Analysts at TD Securities point out that April core CPI still suggests underlying inflation is likely to remain sticky ahead of the June FOMC meeting; they are of the view that a final 25bp rate […]
“Unlocking the Future: Decoding the Impact for Long-Term Ethereum (ETH) Investors!”
In the weeks following the Shanghai update of the Ethereum (ETH) network, the amount of ETH held in whale addresses has declined, indicating a possible shift in sentiment among large investors. While historically, reduced whale activity is often associated with a bearish outlook for assets, it is essential to consider other factors that might impact […]
Crane Co. Surprises with Stellar Q1 Results, Boosts Guidance – Get the Inside Scoop!
Crane Co., a diversified manufacturer of highly engineered industrial products, reported better-than-expected first-quarter earnings, leading to a nearly 5% stock rise in the extended session. The company reported earnings of $62 million, equivalent to $1.08 per share, compared to $54 million or 93 cents per share in the corresponding period the previous year. Adjusting for […]
April Treasury Surplus Hits $178 Billion, Falling Short of $235 Billion Forecast
The United States Treasury Department has reported that the government registered a $178 billion surplus in April 2023. This figure, however, came in below the expected $235 billion. In the month under review, total receipts amounted to $638 billion, while outlays stood at $426 billion. Comparatively, in April of the previous year, the fiscal surplus […]
Tether Skyrockets with $1.5 Billion Q1 Earnings – A Whopping Double from Previous Quarter!
Altcoin News: Tether Earns a Staggering $1.5 Billion in Q1, Doubling Its Previous Quarter’s Profit Stablecoin issuer, Tether, reported a profit of $1.5 billion during the first quarter of 2023, more than double during the last quarter. Accordingly, to the latest attestation report, Tether’s consolidated total assets amounted to at least $81.8 billion, while its […]
Altria Offers $235M to Settle 6,000 Lawsuits in Juul Crisis: A Bold Move by Marlboro Parent
Altria Group Inc., a major tobacco company, has announced a $235 million settlement for around 6,000 state and federal Juul-related lawsuits in the United States. The company stated that it would report this settlement as a one-time charge for the second quarter of the year. Altria Group Inc.’s general counsel, Murray Garnick, emphasized that although […]
Discover the Power of Google’s Duet AI: Revolutionizing Docs, Sheets, and Meet with Generative AI!
Google recently introduced Duet AI, a novel service designed to allow users to collaborate in real time with artificial intelligence (AI) throughout the company’s Workspace portfolio, including Drive, Sheets, Slides, Meet, Docs, and more. The cutting-edge tool represents a new level of AI-assisted smart work that will enable users across various industries to engage more […]
“FDA Committee Greenlights Over-The-Counter Birth Control Pills: Empowering Women’s Health Choices!”
US Food and Drug Administration (FDA) advisory committees voted unanimously that the advantages of making Opill, a birth control pill, accessible for use without a prescription, would exceed the risks. Perrigo Co. announced the decision in a recent press release. The joint committee’s vote is non-binding; nevertheless, the FDA frequently follows advisory committee recommendations. Perrigo’s […]
“US House Hearing Explores Exciting Plan for Crypto Self-Regulation: Innovation Unleashed?”
US regulators have explored the idea of a cryptocurrency self-regulatory organization (SRO) that would be overseen by both the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Former CFTC Chair Timothy Massad discussed the viability of such a system with members of Congress at a digital assets hearing. Massad claimed in his opening testimony that Congress […]
“April Inflation Report Sparks Stock Futures Surge, Treasury Yields Plunge: Don’t Miss Out!”
US stock futures advanced on Wednesday, with the S&P 500 climbing by 15 points or 0.4% to reach 4,148, the Nasdaq 100 rising by 56 points or 0.4% to touch 13,319, and the Dow Jones Industrial Average increasing by 60 points to 33,695, after a monthly inflation report indicated inflation in the US had slowed […]