Shares of automotive safety supplier Autoliv, Inc. (ALV) are rising more than 7% Friday morning after reporting second-quarter results, above analysts’ view. Net income in the second quarter declined to $53 million or $0.61 per share from $79 million or $0.91 per share in the same quarter a year ago. Excluding one-time items, earnings were $1.93 per share, that beat […]

Cryptocurrencies edged lower in the past 24 hours amidst anxiety ahead of the monetary policy review by major central banks. Interest rate review by the Federal Reserve is due on Wednesday and by the European Central Bank on Thursday. Reserve Bank of Australia and Bank of England would pronounce decisions in the following week. Whilst markets have more or less […]

Blackstone Inc. (BX), an alternative asset manager, reported Thursday that its second-quarter net income attributable to the company was $601 million, compared to last year’s loss of $29.39 million. Earnings per share were $0.79, compared to loss of $0.04 a year ago. Distributable earnings were $1.21 billion, compared to $1.99 billion last year. Distributable earnings per share were $0.93, compared […]

In a recent research report, NYDIG, a prominent crypto trading firm, has suggested that the introduction of Bitcoin spot-based exchange-traded funds (ETFs) could potentially generate $30 billion in new demand for Bitcoin, the world’s largest digital asset. CoinDesk reported this information earlier today. NYDIG, a branch of Stone Ridge, is a pioneering holding company with a track record of establishing […]

Democratic presidential hopeful Robert F. Kennedy Jr. has pledged to restore strength to the United States dollar using Bitcoin. The Kennedy family scion also plans to exempt Bitcoin profits from capital gains tax. Backing The Dollar With Bitcoin Presidential candidate Robert F. Kennedy Jr has unveiled an ambitious plan that seeks to revolutionize the financial landscape of the U.S. Speaking […]

Cryptocurrencies declined a little less than a percent over the past 24 hours even as market euphoria that followed the Ripple Labs verdict fizzled. Overall crypto market capitalization has fallen to $1.21 trillion, from $1.22 trillion a day earlier. Bitcoin (BTC), the leading cryptocurrency has shed 0.10 percent overnight to trade at $30,290.56. The 24-hour trading range was between $30,437.56 […]

After long delays, it seems Europe is finally preparing for the eagerly awaited launch of its first spot Bitcoin exchange-traded fund (ETF). It is anticipated that the ETF will launch in the coming months, offering interested European customers a different path to invest in Bitcoin. The launch of the European ETF was previously planned for 2022, but delays and regulatory […]

Shares of UnitedHealth Group Incorporated (UNH) are rising more than 7% Friday morning after reporting better-than-expected second-quarter results. Net earnings in the second quarter increased to $5.474 billion or $5.82 per share from $5.070 billion or $5.34 per share in the same quarter a year ago. Excluding one-time items, earnings were $5.772 billion or $6.14 per share, that beat the […]

Amidst positive sentiment triggered by the easing in inflation in the U.S., markets now await updates to earnings from the corporate sector. Cryptocurrencies gained remarkably. European benchmarks are trading mostly higher, helped by the decline in wholesale prices in Germany. Wall Street Futures are trading with mild losses. Asian stocks finished trading on a mostly positive note. Dollar continued to […]