Amazon (NASDAQ: AMZN) has been overshadowed by US tech rivals like Nvidia and SpaceX lately. That changed on Friday (31 July). Shares in the retail and cloud giant surged 15% after a stunning second-quarter update helped restore confidence in the artificial intelligence story. For weeks, investors had fretted that massive…
Utilities sector slips in July; Constellation Energy leads gainers, Alliant Energy leads decliners
Utilities sector slips in July; Constellation Energy leads gainers, Alliant Energy leads decliners Source link
Earnings Scoreboard: Apple slumps after Tim Cook’s final earnings; Microsoft rallies in big-tech results week
Aleksandr Fedosov/iStock Editorial via Getty Images Tech earnings were dominated by bigwigs including Apple (AAPL), Microsoft (MSFT), and Qualcomm (QCOM) this week, keeping investors glued to the tech sector. Apple’s guidance miss dented its shares on Friday, marking its worst single-day post-earnings sell-off since January 2013. However, the broader Source…
Tokenized stock trading surged 288% in July, but one QQQ token drove most of it
Trading volume for tokenized stocks and ETFs surged 288% to a record $11.3 billion in July, though most of the increase came from a single Binance-linked token. Binance bStocks accounted for $9.41 billion, or 83.3% of the total, according to CoinDesk Data’s latest Stablecoins & Tokenized Assets report. A bStocks…
Earnings Scorecard: 85% of financial companies beat EPS estimates this week: Who missed?
Funtap/iStock via Getty Images Financial companies remained in the spotlight this week as investors digested quarterly results from payment companies, insurers, exchanges, brokers, and asset managers. Major names including PayPal (PYPL), Visa (V), Robinhood (HOOD), S&P Global ( Source link
Bank of Italy research suggests stablecoins aren’t necessarily cheaper for remittances
For years, stablecoins have been marketed as crypto’s breakthrough application for cross-border payments, promising near-instant transfers at a fraction of the cost charged by traditional remittance providers. Sending USDC across a blockchain may indeed cost only a few cents but a new study from the Bank of Italy suggests that…
Insider trades: Adobe, Visa, PepsiCo among notable names
Insider trades: Adobe, Visa, PepsiCo among notable names Source link
Trump Media launches Truth API paid service (DJT:NASDAQ)
J Studios Truth Social, the social media firm owned by Trump Media & Technology Group (DJT), on Saturday launched Truth API, a licensed data feed that enables real-time access to posts from its high-profile users, including President Donald Trump. With Trump Media & Technology Source link
Everyone has the perps convergence backwards
The obvious objection is that this is leveraged speculation in new language, and that traditional markets keep their frictions for good reasons. Both points have force. A funding rate is not a substitute for the price discovery that settlement enforces, and continuous leverage on volatile assets concentrates risk in ways…
Communication services sector declines in July; AppLovin leads losses
Communication services sector declines in July; AppLovin leads losses Source link