In his final public appearance as Russia’s defence minister on Thursday, Sergei Shoigu saluted Vladimir Putin atop Lenin’s mausoleum on Red Square, clad in a major-general’s uniform bedecked with medals. Andrei Belousov, appointed as his successor on Sunday, is cut from a different cloth. A Soviet-trained economist, Belousov has never served a day in the…
MicroStockHub We previously covered Bank of America (NYSE:NYSE:BAC) in October 2023, discussing the massive pessimism embedded in the stock’s valuations and its mixed prospects, thanks to the mistaken perception that its unrealized losses were growing. While we continued rating the stock as a Buy here, thanks to the outperformance of its quarterly financial reports, investors…
martin-dm By Carsten Brzeski One day before the second anniversary of Russia’s invasion of Ukraine, the second estimate of fourth quarter GDP growth has confirmed the shallow German recession in 2023, while the latest Ifo index reading gives very little hope for imminent improvement. In more detail, the GDP components for the fourth quarter of…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. The Ethiopian government is set to enter a partnership with companies from China to establish powerful…
fatido/iStock via Getty Images TScan Therapeutics (NASDAQ:TCRX) has been able to report positive results from its phase 1 multi-arm study for the treatment of patients with several types of hematological malignancies such as acute myeloid leukemia [AML], myelodysplastic syndrome [MDS] and Acute Lymphocytic Leukemia [ALL]. It did so with the use of two T-cell receptor…
The partnership between Coinbase and Conio is indicative of a larger trend in Europe that sees traditional banks and other financial institutions accepting cryptocurrencies more and more. The well-known US cryptocurrency exchange Coinbase and Conio, an Italian cryptocurrency wallet provider partly owned by two large Italian companies, have formed a new alliance. This partnership aims…
Stateless roll-up Versatus LASR represents a pure execution environment that relocates compute processes off-chain without the inherent responsibilities or expenses tied to maintaining state and storing data. On Wednesday, December 6, peer-to-peer Web Services protocol Versaturs Labs announced its successful fundraising of $2.3 million with key investors being Republic Crypto and NGC Ventures. The fundraise…
BharatBox is designed for a range of activities, including film launches, award ceremonies, live concerts, etc. in the Metaverse. In a groundbreaking partnership, The Sandbox has joined forces with Shemaroo Entertainment, a prominent media and entertainment conglomerate in India. The collaboration will see the creation of BharatBox, a cultural metaverse hub within The Sandbox. The…
Amid all the drama that’s unfolding at OpenAI, reports suggest that Sam Altman won’t rejoin the company, but rather lead the AI research team at Microsoft. Over the last weekend, some major drama unfolded at the artificial intelligence firm OpenAI upon the ouster of company CEO Sam Altman. However, sources familiar with the matter stated…
deepblue4you Yields in the midstream/MLP space have been attractive to investors looking for income. Importantly, generous yields get bolstered by strong dividend growth trends, as midstream/MLPs prioritize returning excess cash flow to investors. Dividend growth continued for 3Q23, mostly driven by MLPs, though a corporation had the largest sequential increase. Importantly, there has not been…
The Swiss banking industry has been incredibly receptive to crypto with many local banks adding cryptocurrency services to their offerings. Swiss bank St.Galler Kantonalbank (SGKB) has launched Bitcoin and Ether trading with plans to add more cryptocurrencies in the future based on client feedback. The cryptocurrency service is made possible by a partnership with crypto-focused…
JazzIRT/iStock via Getty Images Monte Rosa Therapeutics (NASDAQ:GLUE) has been making good progress in advancing its pipeline of molecular glue degraders [MGDs]. The goal is to have protein-to-protein interaction to eliminate diseases but without binding pockets. Such an approach allows it to go after target indications that are thought to be undruggable with other small…
Giuliano Benzin Investment Thesis Netflix (NASDAQ:NFLX) pleased investors again with Q3 earnings – company showed stable organic user base growth and it seems that management has been developing for last 2 years to work really well. We maintained BUY rating and there is still upside with potential development of the gaming segment. Q3 FY2023 earnings…
Kevin Dietsch Jay Powell is due to speak on Thursday and could deliver a message that shifts the heavy lifting of bringing inflation down from the Fed to the market. This last step seems essential if the Fed is to achieve its goal of getting inflation down to 2%. It seems likely that Powell will…
JHVEPhoto/iStock Editorial via Getty Images Investment Thesis Teleperformance (OTCPK:TLPFF) serves as a striking example of how harsh the market can be when multiple challenges converge simultaneously. A company that once outperformed the index by a staggering 650% in 2021 is now experiencing a significant underperformance. In this article, we will delve into what I consider…
AnchorWatch, a leading insurer specializing in safeguarding Bitcoin holdings for commercial entities, announced a successful $3 million funding round today. The round was led by Ten31, with notable participation from Axiom BTC, Bitcoin Magazine Fund, Timechain, Bitcoin Opportunity Fund, and other investors. The infusion of capital will empower AnchorWatch to fulfill regulatory requirements and capital needs,…
mBridge stands out as the sole international CBDC project in which China has participated. Currently, all participating central banks have CBDCs in the pilot project phase. The Hong Kong Monetary Authority (HKMA) CEO Eddie Yue has revealed plans for significant expansion of the mBridge project, which involves the central bank digital currency (CBDC). In a…
Drew Angerer The Fed’s interest rate pause at its September meeting was widely expected by market participants, even as headline inflation inched up for the second consecutive month in August to 3.7%. The Fed has mentioned the potential lagged impacts of the monetary policy tightening, which likely held it back from raising the Fed funds…
There may be over 10 financial giants filing to launch a Bitcoin ETF, but according to one analyst, BlackRock’s application may be the one to watch. In a CNBC video released Monday, Arca Chief Investment Officer Jeff Dorman called BlackRock’s filing “much more important” than the other prospective offerings. To date, other applicants include Fidelity, Digital…
The partnership also includes an integration of Circle’s Cross-Chain Transfer Protocol (CCTP) with the OKX DEX aggregator to enable USDC cross-chain swaps across Ethereum, Avalanche, Arbitrum and the OP Mainnet ecosystems Global crypto exchange OKX and stablecoin issuer Circle have partnered to bring USDC features to the OKX Wallet and OKX DEX aggregator. This is…
saoirse_2010/iStock via Getty Images Introduction CVR Energy (NYSE:CVI) is a company that has diversified its operations in the petroleum refining and marketing industry and the nitrogen fertilizer manufacturing industry; CVR Energy also produces and markets renewable diesel. In the petroleum refining segment, they refine and market transportation fuels. It is worth mentioning that CVR Energy…
pcess609 Introduction NextEra Energy (NYSE:NEE) is a leading company in the production of electric power and energy infrastructure in the United States and Canada. NEE’s business structure is a combination of regulated utilities and renewables that provide capacity for higher long-term growth in the future. The company’s business mainly includes FPL, one of the largest…
JHVEPhoto/iStock Editorial via Getty Images Despite a slightly underwhelming Q2 2023, Prosperity Bancshares (NYSE:PB) continues its climb from its early October low: in about 20 days the stock has climbed 15 percent. The market had probably already discounted the difficulties of this quarterly even before it came out, and is now already looking ahead to…