Latest Market News
Schlumberger Ltd. shares SLB, +4.28% jumped 2.7% in premarket trade Friday, after the French oil major posted stronger-than-expected earnings for the second quarter amid high oil prices and raised its full-year guidance. The Paris-based company posted net income of $959 million, or 67 cents a share, for the quarter, up from $510 million, or 36 […]
The Central African Republic, one of the nations served by the Bank of Central African States, passed legislation adopting Bitcoin as legal tender in April. 1456 Total views 55 Total shares The Bank of Central African States, or Banque des États de l’Afrique, which serves Cameroon, the Central African Republic, Chad, Equatorial Guinea, Gabon, and […]
Jefferies analyst Benjie Creelan-Sandford said Friday the confirmation from Banco Santander S.A. SAN, -1.21% that it won’t continue bidding for Citigroup Inc.’s C, -1.29% Banamex unit in Mexico should ease capital concerns. He reiterated a buy rating on the stock and said Santander’s decision may “allow part of the company’s greater-than 15% implied discount to […]
The reduced difficulty allows Bitcoin miners to confirm transactions using lower resources, enabling smaller miners a fighting chance to earn the mining rewards. 1789 Total views 41 Total shares The difficulty in mining a block of Bitcoin (BTC) was reduced further by 5% to 27.693 trillion as network difficulty maintains its three-month-long downward streak ever […]
Shares of internet companies suffered collateral damage Friday from Snap Inc.’s SNAP, -39.08% bombshell earnings report that led to a 30+% plunge in Snap’s stock. Shares of Alphabet Inc. GOOGL, -5.63% GOOG, -5.81% sank 2.9%, Facebook parent Meta Platforms Inc. META, -7.59% dropped 4.4% and Pinterest Inc. PINS, -13.51% shed 7.0%. Twitter Inc.’s stock TWTR, […]
BTC Rallies on Weaker USD The pull-back in the US Dollar this week has benefited risk assets across the board and cryptocurrencies have been a reflection of this. Bitcoin traded up to its highest level since early June, fuelling hopes of a near-term bottom. The driver behind the move has been the shift in market […]