Microsoft Corp. has achieved a significant milestone, surpassing Apple Inc. to reclaim its position as the world's most valuable publicly traded company. This feat comes after more than two years, with concerns over smartphone demand putting pressure on Apple's stock in recent weeks. On Friday, Microsoft's stock climbed 1%...
Read moreThe long-awaited Bitcoin ETFs are finally gaining traction in the financial market, as investors and enthusiasts eagerly await their approval. With the surge in popularity of cryptocurrencies, particularly Bitcoin, the introduction of these exchange-traded funds is seen as a major step towards mainstream acceptance. Bitcoin ETFs, also known as...
Read moreUS regulators have made a historic decision by authorizing exchange-traded funds (ETFs) that directly invest in Bitcoin. This breakthrough move is expected to have a significant impact on the digital asset sector, making the largest cryptocurrency more accessible to Wall Street and beyond. The Securities and Exchange Commission (SEC)...
Read moreIn a surprising turn of events, the highly anticipated decision by the US Securities and Exchange Commission (SEC) on whether to approve a spot-Bitcoin exchange-traded fund (ETF) quickly transformed into a major cybersecurity incident. The SEC X Account, a social media account belonging to Wall Street’s main regulator, was...
Read moreBitcoin, the world's largest digital asset, experienced a period of consolidation after briefly surging past the $47,000 mark. This surge came as a result of optimism surrounding the potential approval of the first US exchange-traded funds (ETFs) that directly invest in BTC. As of 6 a.m. on Tuesday in...
Read moreThe U.S. job market exceeded expectations by adding 216,000 jobs in December, providing a strong conclusion to another year of robust growth despite higher interest rates. Policymakers, currently deliberating on when to initiate a reduction in borrowing costs, closely monitor the labor market's strength as they aim for a...
Read moreApple Inc. is grappling with a challenging start to the year, facing a potential threat to its longstanding position as the world's most valuable stock by market value. Reacting to growing pressures on the tech giant, investors have witnessed a decline in its shares by 0.4% on Friday, closing...
Read moreData Infrastructure Trust (DIT), sponsored by Brookfield Asset Management, has entered into a definitive agreement with American Tower Corporation (ATC) based in the United States to acquire the complete equity interests in ATC India. On January 4, Moneycontrol initially reported that the prominent Canadian investor, Brookfield, had outpaced its...
Read moreThe BRICS group of emerging-market nations is poised to undergo a significant expansion, doubling its membership as Saudi Arabia, Iran, the United Arab Emirates, Ethiopia, and Egypt are set to join on January 1, according to South Africa’s envoy to the bloc. The existing members—Brazil, Russia, India, China, and...
Read moreApple shares experienced a 4% decline on Tuesday following Barclays' decision to downgrade the stock to underweight. Additionally, Barclays slightly adjusted its price target for Apple from $161 to $160. In a note to clients on Tuesday, Barclays analyst Tim Long expressed concerns about the current "lackluster" sales of...
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