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This Friday, the EU released a statement classifying Shein, a Chinese fast-fashion company, as a Very Large Online Platform (VLOP) because of its large number of users. What are VLOPS? As per the EU’s Digital Service Act (DSA), companies with over 45 million users are deemed as VLOPS. These companies are subjected to stricter rules […]

• April 26, 2024 06:31 AM PDT
• Invezz

The global interest in spot Bitcoin ETFs continues to pull in the world’s largest institutional investors and firms. This time, it’s BNY Mellon, the world’s largest custodian bank, which has revealed its exposure to the spot Bitcoin ETFs market. Specifically, BNY Mellon’s filing with the US Securities and Exchange Commission (SEC) shows the bank holds […]

• April 26, 2024 05:58 AM PDT
• Invezz

• April 26, 2024 05:57 AM PDT
• Invezz

In the wake of Meta Platforms Inc. (NASDAQ: META) recent earnings report, the company finds itself at a pivotal juncture, with both triumphs and challenges shaping its narrative. During the conference call, Mark Zuckerberg, Meta’s founder and CEO, expressed satisfaction with the company’s performance, citing notable achievements such as surpassing revenue expectations and robust growth […]

• April 26, 2024 05:40 AM PDT
• Invezz

All eyes are on the S&P 500 today after the Bureau of Economic Analysis said the core personal consumption expenditures price index was up more than expected in March. S&P 500 outlook after PCE inflation data today For the month, Fed’s preferred inflation gauge came in up 0.3% – in line with Dow Jones estimates. […]

• April 26, 2024 05:38 AM PDT
• Invezz

• April 26, 2024 05:23 AM PDT
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Pharmaceuticals company AbbVie (NYSE: ABBV) reported its Q1 financial results for 2024 today. AbbVie’s earnings came in at $1.37 billion, or $0.77 per share, as compared with $239 million, or $0.13 per share, in Q1 of FY23. The company’s revenue reached $12.31 billion, with an increase of 0.7% on a reported basis, or 1.6% on […]

• April 26, 2024 05:17 AM PDT
• Invezz

Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960, MH 96960, April 26th, 2024, Chainwire A glittering moment: BloFin shines at TOKEN2049 BloFin, a fastest-growing exchange platform, proudly announces its platinum sponsorship of TOKEN2049 Dubai and its exclusive SideEvent: WhalesNight AfterParty 2024. Following our previous role as the Gold […]

• April 26, 2024 04:54 AM PDT
• Invezz

Amazon (NASDAQ) stock price has done well in the past 12 months, helped by the strong growth of its cloud and retail businesses. It has jumped by over 70% in this period, which has helped to propel Jeff Bezos wealth to over $196 billion.  However, a smaller competitor known as GigaCloud Technology (GCT) is doing […]

• April 26, 2024 04:50 AM PDT
• Invezz

Crypto firm Terraform Labs (LUNA) confirmed plans to block United States-based users after the recent SEC ruling. The decision comes as the blockchain company anticipates a looming court order (a conduct injunction) in the legal fight with the US SEC. Terraform Labs did not disclose the details of the affected features and products, but it […]

• April 26, 2024 04:37 AM PDT
• Invezz