Cryptocurrencies rallied more than 2 percent in the past 24 hours amidst relief that the much-awaited pause signaling by the Fed has finally happened. As widely expected, the Fed on Wednesday raised rates by 25 basis points, lifting the benchmark overnight interest rate to the 5.00%-5.25% range. It also hinted at a potential pause and indicated that future rate hikes […]

Darden Restaurants, Inc. (DRI) announced Wednesday a definitive merger agreement to acquire Ruth’s Hospitality Group, Inc. (RUTH) in an all-cash transaction with an equity value of around $715 million. In pre-market activity on Nasdaq, Ruth’s shares were gaining around 34 percent to trade at $21.44. As per the deal, Darden will commence a tender offer to acquire all shares of […]

The latest analysis from crypto analyst Miles Deutscher offers some intriguing insights about the current state of the crypto market. In a recent remark on 3 May 2023, Deutscher compared Ethereum to a casino, drawing an interesting parallel between the two. “If meme coins are gambling, then Ethereum is the casino,” he quipped. His comment came in light of recent […]

Business intelligence firm MicroStrategy has vowed to continue purchasing Bitcoin, despite cryptocurrency prices fluctuating wildly of late. This assertion was made by Phong Le, Chief Executive Officer of MicroStrategy, while announcing the firm’s Q1 financial results Monday.  “As you all know, our strategy is to acquire and hold Bitcoin, and we plan to continue to accumulate Bitcoin over time using […]

Shares of Colliers International Group Inc. (CIGI) are falling more than 9% Tuesday morning after the company’s first-quarter results missed analysts’ view. It also cut full-year outlook. The company reported net loss of $907000 for the quarter compared with profit of $21.32 million a year ago. Loss per share was $0.42 compared with $0.38 loss last year. Excluding one-time items, […]

Bitcoin’s weekly average transactions reached its highest point since Dec 2017, totalling about 396,000 this past week, according to IntoTheBlock. This stat comes after Bitcoin Ordinals hit a daily mint record of 223,000 in April, with text-based inscriptions dominating the network. Grayscale and several other firms have backed the Ordinals project to shape the bullish trend of Bitcoin in Q2 […]

With the next Bitcoin halving less than a year away, it’s crucial to understand what it is and how it can impact the world’s flagship cryptocurrency. Bitcoin was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. Bitcoin blockchain’s first block, referred to as “Block 0” or “Genesis Block,” was mined by Satoshi […]

Shares of New York Community Bancorp, Inc. (NYCB) are rising more than 9% Friday morning after reporting upbeat quarterly results. Net income in the first quarter increased to $1.998 billion or $2.87 per share, higher than $147 million or $0.31 per share a year ago. Excluding one-time items, earnings were $0.23 per share, that met the average estimate of analysts […]