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Wall Street remained quiet as investors awaited key inflation data, with the S&P 500 unchanged and the Dow Jones down 139 points. Oracle's stock fell 9.2% after disappointing growth results, while Alaska Air Group surged 12.2% on strong holiday demand forecasts. Treasury yields rose slightly ahead of upcoming inflation reports, as the Federal Reserve prepares for its next meeting amid ongoing interest rate cuts.
Crypto.com has partnered with Deutsche Bank to enhance its corporate banking capabilities as part of its global expansion strategy. This collaboration aims to streamline financial operations in key regions like Singapore, Australia, and Hong Kong, while supporting the exchange's commitment to compliance and security.As part of its aggressive growth plan, Crypto.com is also launching a stablecoin and an ETF, and has acquired Orion Principals Limited to offer a wider range of financial services. Additionally, the exchange has introduced a MasterCard-powered prepaid card in Bahrain, further solidifying its presence in the Gulf Cooperation Council region.
Changpeng Zhao, co-founder of Binance, declared at the Bitcoin MENA conference that "Bitcoin is the future of money," emphasizing the need for countries to reconsider their anti-Bitcoin stances due to its borderless technology. He suggested that nations like El Salvador should implement multi-signature solutions for security and advised former President Trump to clarify regulations and invest in the crypto industry to bolster Bitcoin's influence in the U.S. Following a brief prison sentence, Zhao is now focused on cryptocurrency education through his initiative, Giggle Academy.
Hong Kong's Vision Deal HK Acquisition Corp. has suspended trading of its shares and warrants after failing to complete its merger with a target company. The business-combination agreement has been terminated due to unmet conditions and the lack of an extension agreement.
Wall Street remained quiet as investors awaited key inflation data, with the S&P 500 unchanged and the Dow Jones down 139 points. Oracle's stock fell 9.2% after disappointing growth results, while Alaska Air Group surged 12.2% on a positive profit forecast. Treasury yields edged higher ahead of upcoming inflation reports, influencing expectations for the Federal Reserve's interest rate decisions.
Wall Street remained quiet as investors awaited inflation data, with the S&P 500 unchanged and the Dow Jones down 139 points. Oracle's stock fell 9.2% after disappointing growth, while Alaska Air Group surged 12.2% on a positive profit forecast. Treasury yields edged higher ahead of key inflation reports, as the Federal Reserve prepares for a potential interest rate cut.
U.S. stock indexes are drifting ahead of key inflation data, with the Dow Jones down 139 points and Oracle's shares falling 9.2% after disappointing growth results. Treasury yields rose slightly as investors await inflation reports that could influence the Federal Reserve's interest rate decisions. Meanwhile, Alaska Air Group surged 12.2% on strong holiday demand forecasts.
The Bitcoin ATM market has experienced significant growth, with over 6,700 Crypto ATMs currently operating globally, predominantly in the USA. While most ATMs support Bitcoin, only one-third facilitate both buying and selling, indicating a strong interest in acquiring cryptocurrencies. The market is largely dominated by a few manufacturers, with Genesis Coin and General Bytes holding a substantial share.
US stocks retreated on Monday, with the S&P 500 and Nasdaq both down 0.6%, as Nvidia shares fell over 2.5% amid a Chinese antitrust investigation. The market is bracing for the upcoming consumer inflation report, which could influence the Federal Reserve's interest rate decision.In contrast, US-listed Chinese stocks surged following Beijing's move to ease monetary policy, boosting shares of Alibaba and XPeng. Meanwhile, a person of interest was arrested in connection with the fatal shooting of UnitedHealth Group executive Brian Thompson.
Global stocks continue to rise, with the MSCI World index achieving its sixth consecutive all-time high, closing up 1.2% for the week and showing a 21.60% gain for 2024 so far. UBS CEO Sergio Ermotti warns that potential tariff increases and geopolitical tensions could heighten market volatility, advising clients to diversify amid the uncertain economic landscape. Despite these risks, he notes that inflation appears controlled and consumer resilience remains strong.
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