Microsoft, a key player in the market rally and AI race, is set to release its latest quarterly report. Despite a nearly 5% gain year-to-date, the tech giant has faced a more than 7% slump in April. Investors are eager to see if Microsoft’s upcoming report can revive the rally, but the expectations are high.
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The city of Quincy, Massachusetts, recently made history by issuing $10 million of tax-exempt bonds using blockchain technology for the first time. This groundbreaking transaction, facilitated by J.P. Morgan, marks a significant milestone in the municipal bond market and sets the stage for a potential transformation in the way bonds are issued in the future.
Meta Platforms, the parent company of Facebook, faced a significant drop of more than 14% following the release of lighter-than-expected second-quarter revenue guidance. Despite this setback, the company managed to exceed analysts’ estimates for both earnings and revenue in the first quarter. On the other hand, Honeywell, an industrial stock, saw a 2.2% rise in
The financial sector often takes a backseat to the titans of Wall Street, but according to Wolfe Research, this earnings season could be a turning point for Fintech companies. Technical analyst Rob Ginsberg believes that the Global X FinTech ETF (FINX) is showing signs of attractiveness after a period of underperformance in the broader market.
Asian currencies experienced a slight increase on Wednesday as the dollar weakened, providing some relief to regional markets. Despite this, the Japanese yen continued to underperform, leading to fears of government intervention. The greenback’s retreat from recent highs was influenced by soft purchasing managers index data, but expectations of higher U.S. interest rates kept traders
The influence of anti-environmental, social, and governance (ESG) laws on municipal borrowing costs is a topic of increasing concern in the financial world. Recent research conducted by the Oklahoma Rural Association sheds light on the detrimental effects of such laws on municipalities in Oklahoma. These laws, which aim to combat perceived boycotting of certain industries
Recently, Goldman Sachs analyst Eric Sheridan named Amazon as the top e-commerce pick, anticipating strong trends in the sector for the first quarter. Sheridan maintained a buy rating and a $220 price target on Amazon, which implies a potential upside of about 26% for the stock. The analyst highlighted resilient consumer spending in the first
Bitcoin price experienced a slight rise on Monday, stabilizing from recent losses despite the halving event that took place over the weekend. The event, which saw a halving of mining rewards on the blockchain, did not have a significant impact on the price of Bitcoin. Instead, the launch of a new token minting protocol called
Satoshi Nakamoto, the mysterious figure behind Bitcoin, shared a series of emails with early Bitcoin contributor Martti Malmi. These emails have recently come to light, providing valuable insights into Nakamoto’s vision for the digital currency. One of the key revelations from these emails is Nakamoto’s view of Bitcoin as a medium of exchange, rather than
Investors facing uncertainty due to macroeconomic challenges and geopolitical tensions may find solace in dividend-paying stocks. Wall Street analysts recommend considering dividend stocks as a stable investment option in times of market volatility. Enterprise Products Partners (EPD) stands out as one of the top picks in the current market scenario. The midstream energy services provider