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Disney Stock Falls Despite Earnings Beat: Here’s Why
Disney stock (NYSE: DIS) is trading lower in early US price action today despite the company reporting better-than-expected earnings and raising its guidance. Here’s what spooked markets despite a beat on headline numbers. Disney released its fiscal Q3 2024 earnings... -
Fed Rate Cut Speculations Surge Amid Volatility: CME Futures & Insights
Global stock markets have been highly unstable recently, fueling speculation that the U.S. Federal Reserve might announce an emergency interest rate cut before its scheduled September meeting. Analysts suggest that a larger cut of 0.50% is more likely than a... -
Fintech Giants Join RBI’s Digital Rupee Pilot, Target 5M Users and 420K Merchants
Google Pay, Amazon Pay, and PhonePe, backed by Walmart, are looking to join India's central bank digital currency (CBDC) initiative led by the Reserve Bank of India (RBI). This move is part of an effort to make digital payments more... -
Standard Chartered’s Subsidiary Mox Bank Launches Crypto ETF Trading
On August 7, Hong Kong-based virtual bank Mox launched a crypto ETF trading service for its customers. This is coming shortly after it launched its Mox Invest platform, motivated by Hong Kong’s desire to remodel its city into a hotspot... -
U.S. Legislators Mount Pressure on CFTC to Impose a Ban on Election Betting
On August 5, a group of U.S. legislators urged the Commodities Futures Trading Commission (CFTC) to end betting on the 2024 presidential election to protect the integrity of the electoral process and restore public trust. Senators Issue Letter to CFTC... -
Paraguay’s Cryptocurrency Mining Industry Remains Strong Despite Power Rate Increases and Company Relocations
Felix Sosa, head of Paraguay's National Power Administration (ANDE), has responded to reports that cryptocurrency mining companies are leaving the country due to rising power prices. He stated that no mining companies have actually canceled their agreements with ANDE. Sosa... -
US Senators Propose Bill to Expand Secret Service Authority in Combating Crypto-Related Crimes
Two US Senators, Catherine Cortez Masto and Charles Grassley, have introduced a Financial crime bill to fight financial crimes. The bill would give the US Secret Service more authority to crack down on crypto-related crimes. Secret Service Gets Boost to... -
Here’s How Analysts Reacted to Apple’s Fiscal Q3 Earnings
Apple (NYSE: AAPL) released its fiscal Q3 2024 earnings after the bell on Thursday. The stock closed flat yesterday despite better-than-expected results. Here are the key takeaways from the report and how analysts reacted to Apple’s earnings. Key Takeaways from... -
The Digital Chamber Mounts Pressure on U.S. Senators to Back Lummis’ Bitcoin Bill
The Digital Chamber, the world’s leading blockchain and digital asset trade association, has notified all U.S. senators to throw their weight behind the Bitcoin bill introduced by Senator Cynthia Lummis on July 31. The Digital Chamber Believes the Bitcoin Bill... -
Trump’s Crypto Vision Gains Senate Support As Hagerty Pushes for U.S. Crypto Leadership
Tennessee Senator Bill Hagerty (R-TN) has publicly backed former President Donald Trump vision to establish America as a global crypto hub. This endorsement comes amid growing debate over the future of cryptocurrency regulation and innovation in the country. Senator Hagerty...
