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Cryptocurrencies
Ethereum Price Hangs At $2,100, Downside Thrust Toward $2,000 Looms Large
Ethereum price extended its decline below $2,200 and $2,120. ETH is now attempting to recover from $2,075 but faces many hurdles near $2,220. Ethereum failed to stay above $2,250 and started a fresh decline. The price is trading below $2,200 and the 100-hourly Simple Moving Average. There is a major...NewsBTC
Thu, Feb 5
Other
Sony third-quarter profit rises 22%, beats analyst estimates
TOKYO, Feb 5 (Reuters) - Sony 6758.T on Thursday reported a 22% rise in third-quarter operating profit, beating analyst estimates.Profit reached 515 billion yen ($3.28 billion) for October-December. That compared with the 469 billion yen average of 10 analyst estimates compiled by LSEG. ($1 = 156.8...Reuters
Thu, Feb 5
Cryptocurrencies
These Ripple Patents Show Why XRP Can’t Be Copied Or Replicated
Questions around whether XRP can be copied often focus on open-source code and blockchain forks, but a recent explanation shared by an XRP community member points attention to something deeper. His comments are focused on Ripple’s patented payment architecture and how XRP’s real function is protecte...Bitcoinist
Thu, Feb 5
Cryptocurrencies
Vitalik Reframes Ethereum L2 Strategy as ETF Inflows Return and Mainnet Scaling Accelerates
Ethereum (ETH) is entering a new phase in which long-held assumptions about scaling are being openly questioned. As spot Ethereum ETFs post their first net inflows after several days of outflows, and on-chain data shows renewed activity on the mainnet, Ethereum co-founder Vitalik Buterin is urging t...NewsBTC
Thu, Feb 5
Other
Qualcomm, Arm bear brunt of memory shortage as smartphone chip sales disappoint
By Arsheeya Bajwa and Juby Babu Feb 4 (Reuters) - Memory shortages will constrain sales of cell phones for some time, hurting demand for chip industry companies like supplier Qualcomm QCOM.O and chip architecture designer Arm Holdings ARM.O, executives and analysts said on Wednesday as both compa...Reuters
Thu, Feb 5
Other
New York City joins UN health network after Trump withdrew US from WHO
NYC Health Dept joins WHO's Global Outbreak Alert and Response NetworkGovernors of California, Illinois have said their states will join UN health network as wellTrump has withdrawn US from WHOBy Kanishka Singh WASHINGTON, Feb 4 (Reuters) - The New York City Health Department on Wednesday sai...Reuters
Thu, Feb 5
Other
Trump backs MAGA prosecutor in race to fill Marjorie Taylor Greene's seat
Feb 4 (Reuters) - President Donald Trump on Wednesday endorsed a conservative local prosecutor in a Georgia special election to replace Marjorie Taylor Greene, who resigned from the U.S. House of Representatives amid an acrimonious split with the president.Trump said that he was throwing his support...Reuters
Thu, Feb 5
Commodities
Instagram recovers after brief outage disrupts US users
Feb 4 (Reuters) - Meta Platforms' META.O Instagram rebounded after a brief outage affected more than 10,000 users in the U.S. on Wednesday, according to outage-tracking website Downdetector.com.There were 10,108 incidents of people reporting issues with the social media platform, as of 8.30 p.m....Reuters
Thu, Feb 5
Stocks
Australia's Neuren Pharmaceuticals extends plunge on regulatory hurdles
Shares of Neuren Pharmaceuticals NEU.AX plunges as much as 10.7% to A$13.06Biotech says FDA will only provide written responses for NNZ-2591 drug development meetings, not face-to-face discussions as requestedDrug targets hypoxic ischemic encephalopathy and Pitt Hopkins syndromeStock fell 10% on Feb...Reuters
Thu, Feb 5
Commodities
RPT-UK asks Air India to explain Boeing Dreamliner fuel-switch incident
Air India facing intense scrutiny since crash last year UK seeking details after Sunday incident involving one planePossible fuel switch defect flagged by pilot on landing from UKAir India says will respond to UK regulatorBy Aditya Kalra and Abhijith Ganapavaram NEW DELHI, Feb 4 (Reuters) - Brita...Reuters
Thu, Feb 5
Other
Hennessy Capital Investment Corp. VIII Announces Pricing Of Upsized $210 Million IPO
Feb 4 (Reuters) - HENNESSY CAPITAL INVESTMENT CORP. VIII ANNOUNCES PRICING OF UPSIZED $210,000,000 INITIAL PUBLIC OFFERINGHENNESSY CAPITAL INVESTMENT CORP VIII - PRICING OF ITS UPSIZED IPO OF 21 MILLION UNITS AT $10 PER UNITFurther company coverage: [ ]Reuters
Thu, Feb 5
Forex
USD/CAD rises toward 1.3700 as pace for potential Fed rate cuts slows
USD/CAD extends its gains for the second successive session, trading around 1.3680 during the Asian hours on Thursday. The pair is supported by a firmer US Dollar (USD) as markets price in a slower pace of potential Federal Reserve (Fed) rate cuts.
Fxstreet
Thu, Feb 5
Cryptocurrencies
Bitcoin Price Falls Further, Raising Stakes At The $70K Support
Bitcoin price extended its decline below $73,500. BTC is now consolidating losses but faces many hurdles near $75,500. Bitcoin is attempting to recover but struggling to clear hurdles. The price is trading below $75,000 and the 100 hourly simple moving average. There is a bearish trend line forming ...NewsBTC
Thu, Feb 5
Stocks
Japan's Nikkei falls as tech shares drag; Astellas surges
By Satoshi Sugiyama TOKYO, Feb 5 (Reuters) - Japan's Nikkei share average fell on Thursday, dragged lower by technology stocks on lingering valuation concerns.The benchmark Nikkei 225 Index .N225 fell 0.8% to 53,832.26. The broader Topix .TOPX slid 0.26% to 3,646.06. So far this year, the Nik...Reuters
Thu, Feb 5
Stocks
Alphabet says capital spending in 2026 could double, cloud business booms
Alphabet plans $175 billion-$185 billion capex in 2026, exceeding analyst expectationsGoogle Cloud's revenue grew 48%, surpassing Microsoft Azure's growthGoogle's competitor to ChatGPT reaches 750 million monthly usersBy Deborah Mary Sophia and Kenrick Cai Feb 4 (Reuters) - Alphabet G...Reuters
Thu, Feb 5
Forex
NZD/USD declines below 0.6000 amid rising New Zealand Unemployment Rate
The NZD/USD pair trades on a softer note near 0.5980 during the Asian trading hours on Thursday. The New Zealand Dollar (NZD) edges lower against the Greenback amid rising Unemployment Rates in New Zealand. Federal Reserve (Fed) Atlanta President Raphael Bostic is set to speak later on Thursday.
Fxstreet
Thu, Feb 5
Stocks
Starbucks Is Back, but Is It a Buy?
In this podcast, Motley Fool contributors Travis Hoium, Lou Whiteman, and Rachel Warren discuss:Starbucks earnings.GM earnings.GM's autonomy plans.Will silver's run continue?To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. When you're ready to invest, chec...The Motley Fool
Thu, Feb 5
Other
Electrical equipment maker Forgent Power raises $1.51 billion in US IPO
Feb 4 (Reuters) - Electrical equipment maker Forgent Power Solutions FPS.N said on Wednesday it had raised $1.51 billion in its U.S. initial public offering.The Minnesota-headquartered company and some of its existing shareholders sold 56 million shares priced at $27 apiece in the IPO, compared with...Reuters
Thu, Feb 5
Stocks
HK Movers | Nonferrous Metal Stocks Sink With Tianqi Lithium Down 12%
Nonferrous metal stocks sank in Hong Kong. Tianqi Lithium fell 12%; Ganfeng Lithium fell 8%; China Nonferrous Mining, MMG, and Jiangxi Copper fell 7%; Lygend Resources, CMOC, Zijin Mining,and Chifeng Gold fel 6%; Zijin Gold International fell 5%; Lingbao Gold, SD Gold, and Zhaojin Mining fell 4%.Tiger News
Thu, Feb 5
Stocks
European Lithium's Australia-listed shares gain on US reserves, share sale
European Lithium's Australia-listed shares EUR.AX extend gains, rising as much as 4.4%Shares have gained nearly 9% over the past three sessions Rare earths miners have jumped this week as the U.S. launches critical minerals stockpile to counter ChinaEUR also completes sale of 2.5 mln shares in G...Reuters
Thu, Feb 5
