Galaxy Digital Holdings Inc. (OTCPK:BRPHF) CEO Mike Novogratz provided his thoughts on the current state of the cryptocurrency industry during his firm’s Q4 2022 earnings conference call on March 28, 2023. In his remarks, Novogratz highlighted the positive aspects of the industry, including its resilience and potential for growth. Novogratz framed his remarks around the themes of the good, the […]

Shares of human capital management solutions provider Paychex, Inc. (PAYX) are rising more than 4% Wednesday morning after reporting better-than-expected third-quarter results. Profit in the third quarter increased to $467.4 million or $1.29 per share from $430.7 million or $1.19 per share in the same quarter a year ago on revenue growth. Analysts on average, were expecting a profit of […]

Shares of Clothing company PVH Corp. (PVH) are rallying more than 18% Tuesday morning after reporting better-than-expected fourth-quarter earnings. The company’s first-quarter as well as full-year guidance also came in above analysts’ view. Net profit in the fourth quarter declined to $138.7 million or $2.18 per share from $390.8 million or $5.53 per share in the same quarter a year […]

Shares of Kanzhun Limited (BZ), an online recruitment services provider in China, are falling more than 5% Monday morning at $18.58. There have been no company-specific news to move the stock down. Last week, the company had reported a loss of RMB184.8 million or $26.8 million for the fourth quarter, compared with profit of RMB233.1 million in the same quarter […]

In a recent blog post, Nigel Green, CEO of deVere Group, “one of the world’s largest independent international financial consultancies,” discussed the surge in Bitcoin price following the collapse of Silicon Valley Bank and Signature Bank. According to Green, the banking crisis has acted as a catalyst for the world’s largest cryptocurrency, with investors seeking safe haven alternatives. Nigel Green […]

Shares of Generation Bio Co. (GBIO) are rising more than 25% Thursday morning after the company announced collaboration with Moderna, Inc. (MRNA) to develop non-viral genetic medicines. As per the agreement, Generation Bio will receive an upfront payment of $40 million in cash, and a $36 million equity investment at a premium over recent share prices, the company said. Generation […]

Popular crypto veteran Arthur Hayes says it’s possible for Bitcoin to cross the $1 million threshold.  Hayes believes that the Federal Reserve’s new Bank Term Funding Program will pump BTC massively.  The $1 million projection became popular after former Coinbase executive Balaji Srinivasan made a public bet on the same.  Arthur Hayes, the popular crypto veteran who founded crypto exchange […]

Bitcoin has regained its luster in recent days as crypto markets outshine following the ongoing global banking crisis. With the failure of Silvergate, Silicon Valley Bank, Signature Bank, and most recently, Credit Suisse, crypto assets appear to have become a safe haven for most investors. Banking Instability bolsters BTC Outlook  In a recent interview with Bloomberg, ARK Investment Management CEO […]

In a recent blog post, crypto trading platform BitMEX provided an overview of its report titled ‘Crypto Outlook – Fundamentals vs. Sentiment: Three Scenarios to Watch in 2023.’ The blog post highlights three possible scenarios for the crypto industry in 2023 as it faces a positive interest rate environment for the first time. Scenario One: Risk Appetite Recovers BitMEX’s core […]