Archives

Cryptocurrency prices had a mixed performance on Friday as Bitcoin price lost momentum. After Bitcoin price jumped to a high of almost $45,000, the coin has moved slightly below $44,000. Still, the total market cap of all digital currencies jumped to over $1.69 trillion. A closer look shows that some of the best-performing cryptocurrencies on […]

• December 07, 2023 06:02 PM PST
• Invezz

For a long time, private equity was the hottest thing in Wall Street. Now, with interest rates sitting at their highest level in 2 decades, the private equity industry is being challenged by private credit.  Private credit has also boomed following the mini banking crisis that led to the collapse of Silicon Valley Bank (SVB), […]

• December 07, 2023 04:06 PM PST
• Invezz

Broadcom Inc (NASDAQ: AVGO) is in focus in extended trading after reporting market-beating results for its fiscal fourth quarter on strong AI chip demand. Is Broadcom stock worth buying? The semiconductor behemoth now forecasts about $50 billion in revenue for fiscal 2024 – including the “transformational” VMware acquisition that it completed last month. Experts, in […]

• December 07, 2023 03:12 PM PST
• Invezz

Lululemon Athletica Inc (NASDAQ: LULU) lost about 7.0% in extended hours even after its reported strong results for its third financial quarter. Why is Lululemon stock down in after-hours? The stock is being punished primarily because the retailer issued downbeat guidance for its holiday quarter. Lululemon now forecasts its sales to fall between $3.14 billion […]

• December 07, 2023 02:14 PM PST
• Invezz

Flare, the blockchain for data and EVM-compatible smart contracts platform, has onboarded Northstake, a regulated institutional staking provider, as a validator and data provider. Northstake will now help secure the Flare Network by verifying transactions as well as support the blockchain network’s Flare Time Series Oracle (FTSO) as a data provider. Enabling scalable, interoperable dApps […]

• December 07, 2023 12:03 PM PST
• Invezz

Unemployment figures have started to tell a story that GDP figures haven’t…. yet. That, in spite of the so-called soft landing proclaimed for the end of 2023, economies are starting to slow down. Joblessness rising in the U.S. It is a truth universally acknowledged that many headwinds and tailwinds plaguing the financial climate show up […]

• December 07, 2023 11:16 AM PST
• Invezz

Rivian Automotive Inc (NASDAQ: RIVN) has gained close to 25% over the past month but a Stifel analyst is convinced that’s just a drop in the bucket compared to where the stock is headed. Rivian stock could climb to further to $23 Stephen Gengaro assumed coverage of the electric vehicles company this morning with a […]

• December 07, 2023 10:39 AM PST
• Invezz

Cerevel Therapeutics Holdings Inc (NASDAQ: CERE) jumped some 12% today after AbbVie Inc (NYSE: ABBV) said it will buy the drug company that focuses primarily on neurological disorders. AbbVie seems to be on a buying spree AbbVie is willing to spend about $8.7 billion to acquire the Nasdaq-listed firm that values each of its share […]

• December 07, 2023 10:02 AM PST
• Invezz

The Anoma Foundation, the organisation behind asset-agnostic privacy blockchain Namada, has launched its Retroactive Public Goods Funding (RPGF) airdrop program, targeting 65 million $NAM tokens for early participants. Zcash, Cosmos and Rust communities among other participants eligible The airdrop, which accounts for 6.5% of the total supply of $NAM, is live and will be open […]

• December 07, 2023 09:14 AM PST
• Invezz

Darren Woods – the Chief Executive of Exxon Mobil Corp (NYSE: XOM) does not expect to face regulatory hurdles in buying Pioneer Natural Resources Co (NYSE: PXD). Woods doesn’t see competition concerns The Federal Trade Commission asked for more information on the $60 billion acquisition this week. But Woods said today on CNBC’s “Squawk on […]

• December 07, 2023 08:49 AM PST
• Invezz