financetom
News
World
Environment
Technology
Politics
Retail
Business
Economy
Market summary >
Editors' picks >
News >
With California having nearly a third of America’s homeless, Gavin Newsom leans into the ‘Yes in God’s backyard’ movement
With California having nearly a third of America’s homeless, Gavin Newsom leans into the ‘Yes in God’s backyard’ movement
Jan 15, 2024
  California's New Law: Turning Parking Lots into Affordable Housing   Introduction  In an effort to combat the ongoing homeless crisis, California has enacted a new law that allows religious institutions and nonprofit colleges to convert their parking lots and other properties into low-income housing.   The Law's Provisions  The law, signed by Governor Gavin Newsom, rezones land owned by religious institutions and nonprofit colleges...
Trade Setup for November 30: Nifty set for best month of 2023 as record high in sight
Trade Setup for November 30: Nifty set for best month of 2023 as record high in sight
Nov 29, 2023
November has turned out to be the best month of the year so far for the Nifty, with the index gaining 5.5% so far ahead of Thursday's monthly F&O expiry.
Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Nov 29, 2023
Six persons, including a 47-year-old woman, were injured in the incident. All of them were admitted to the nearby Shatabdi Hospital. They are being treated at the Out-patient Department (OPD) of the hospital and their condition is stable.
PayU’s India biz clocks $211 million in revenues; Prosus attributes growth to Lazycard shutdown
PayU’s India biz clocks $211 million in revenues; Prosus attributes growth to Lazycard shutdown
Nov 29, 2023
The growth in revenues largely came from its existing merchants and payment processing stack Wibmo, as new merchant signups continued to be paused for the Indian entity after a Reserve Bank of India (RBI) order.
World >
Market >
Euro area yields back off highs as US inflation ups chances of Fed cut
Euro area yields back off highs as US inflation ups chances of Fed cut
Nov 13, 2024
(Updates throughout; refreshes prices at 1618 GMT) By Stefano Rebaudo Nov 13 (Reuters) - Euro zone yields retreated from the day's highs on Wednesday after data showed U.S. inflation increased as expected in October, which prompted traders to ramp up their bets on a Federal Reserve rate cut next month. The U.S. consumer price index rose 0.2% for the fourth...
US Equity Indexes Rise, Treasury Yields Decline in Midday Trading
US Equity Indexes Rise, Treasury Yields Decline in Midday Trading
Nov 13, 2024
12:34 PM EST, 11/13/2024 (MT Newswires) -- US equity indexes rose in choppy trading Wednesday while most Treasury yields fell as bets favoring an interest-rate cut in December remained alive following the release of October's inflation data. The S&P 500 climbed 0.3% to 6,002.1, the Dow Jones Industrial Average rose 0.4% to 44,102.2, and the Nasdaq Composite advanced 0.1% to...
What's Going On With Bitcoin Mining Stocks MARA Holdings, Riot Platforms And CleanSpark?
What's Going On With Bitcoin Mining Stocks MARA Holdings, Riot Platforms And CleanSpark?
Nov 13, 2024
Bitcoin (CRYPTO: BTC) mining stocks MARA Holdings Inc , Riot Platforms Inc  and CleanSpark Inc are trading lower Wednesday morning despite a surge in the price of bitcoin. Here’s a look at what’s going on. What To Know: Bitcoin is hitting new all-time highs again on Wednesday, adding to gains of nearly 25% over the past week. Bitcoin was up 5.8% over a 24-hour period, hovering around $91,775 at the...
Dow, S&P 500 edge higher after inflation data keeps Fed rate-cut hopes intact
Dow, S&P 500 edge higher after inflation data keeps Fed rate-cut hopes intact
Nov 13, 2024
(Reuters) -The S&P 500 and the Dow edged higher on Wednesday after in-line consumer price inflation data kept the U.S. Federal Reserve on track to deliver another interest rate cut in December. The consumer price index rose 0.2% in October for the fourth straight month, the Labor Department's Bureau of Labor Statistics said, and advanced 2.6% on an annual basis....
Environment >
Technology >
KKR-backed Frontier Tower to acquire over 400 telco towers in Philippines
KKR-backed Frontier Tower to acquire over 400 telco towers in Philippines
Dec 6, 2024
Dec 6 (Reuters) - Frontier Tower Associates Philippines will acquire more than 400 telecommunication (telco) towers from CREI Management Services in the Philippines, the companies said on Thursday. Frontier, a KKR portfolio company, specializes in investing in the construction and management of telecommunication infrastructure, primarily focusing on towers and associated assets. The deal adds over 400 towers to Frontier's nearly...
As Jeff Bezos And Elon Musk Clash Over Economic Solutions, Amazon And Tesla's Shareholder Returns Highlight Stark Contrasts — Here's How Both Companies Stack Up
As Jeff Bezos And Elon Musk Clash Over Economic Solutions, Amazon And Tesla's Shareholder Returns Highlight Stark Contrasts — Here's How Both Companies Stack Up
Dec 6, 2024
Amazon.com Inc. ( AMZN ) founder Jeff Bezos and Tesla Inc. ( TSLA ) CEO Elon Musk, two of the world’s wealthiest individuals, continue to chart distinctly different paths in their approaches to America’s economic challenges and business leadership. What Happened: At the recent New York Times DealBook Summit, Bezos advocated for addressing the national debt crisis through economic expansion...
The Latest Analyst Ratings For Guidewire Software
The Latest Analyst Ratings For Guidewire Software
Dec 6, 2024
During the last three months, 18 analysts shared their evaluations of Guidewire Software ( GWRE ) , revealing diverse outlooks from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 13 1 0...
Intel Shakes Up Board With ASML And Microchip Technology Veterans Amid CEO Transition
Intel Shakes Up Board With ASML And Microchip Technology Veterans Amid CEO Transition
Dec 5, 2024
Intel Corporation ( INTC ) has appointed semiconductor industry veterans Eric Meurice and Steve Sanghi to its board of directors, the company announced Thursday, as it navigates through significant leadership transitions and market challenges. What Happened: The appointments come days after CEO Pat Gelsinger‘s reportedly forced departure, due to the board’s frustration with his turnaround efforts. Under Gelsinger’s leadership, Intel’s...
Personal Finance >
Politics >
Retail >
Business >
Top Premarket Decliners
Top Premarket Decliners
Jun 17, 2024
08:02 AM EDT, 06/17/2024 (MT Newswires) -- Ovid Therapeutics ( OVID ) shares slumped 64% Monday premarket after the company said that phase 3 studies conducted by Takeda evaluating Soticlestat in certain types of epilepsy missed their primary endpoints. Kaival Brands Innovations Group ( KAVL ) shares fell 35%, paring Friday's rally. La Rosa Holdings ( LRHC ) shares retreated...
Marinus Pharmaceuticals Epilepsy Treatment Falls Short in Phase 3 Study
Marinus Pharmaceuticals Epilepsy Treatment Falls Short in Phase 3 Study
Jun 17, 2024
08:03 AM EDT, 06/17/2024 (MT Newswires) -- Marinus Pharmaceuticals ( MRNS ) said on Monday that its experimental drug, intravenous ganaxolone, aimed at treating refractory status epilepticus - a condition where seizures persist despite standard treatments - did not achieve one of its primary goals in a Phase 3 study, sending shares down by 8.5% in premarket trading. Marinus said...
Takeda Says Phase 3 Soticlestat Trials in Dravet, Lennox-Gastaut Syndromes Missed Primary Endpoints
Takeda Says Phase 3 Soticlestat Trials in Dravet, Lennox-Gastaut Syndromes Missed Primary Endpoints
Jun 17, 2024
07:59 AM EDT, 06/17/2024 (MT Newswires) -- Takeda Pharmaceutical ( TAK ) said Monday its phase 3 trials evaluating soticlestat to treat refractory Dravet syndrome and Lennox-Gastaut syndrome missed the primary endpoints. The study evaluating soticlestat in participants with Dravet syndrome narrowly missed the primary endpoint of reduction from baseline in convulsive seizure frequency compared to placebo, while the study...
BRIEF-Webtoon Entertainment Offers 15 Million Shares Of Common Stock To Be Sold In IPO
BRIEF-Webtoon Entertainment Offers 15 Million Shares Of Common Stock To Be Sold In IPO
Jun 17, 2024
June 17 (Reuters) - Naver Corp: * WEBTOON ENTERTAINMENT INC. SAYS OFFERING 15 MILLION SHARES OF COMMON STOCK TO BE SOLD IN IPO - SEC FILING * WEBTOON ENTERTAINMENT INC SAYS ESTIMATES IPO PRICE PER SHARE WILL BE BETWEEN $18.00 AND $21.00 - SEC FILING * WEBTOON ENTERTAINMENT INC. : ON JUNE 16 NAVER U.HUB INC ENTERED STOCK PURCHASE AGREEMENT...
Economy >
Cryptocurrency >
Ethereum Tops $4,600 as BitMine Eyes $20B ETH Treasury
Ethereum Tops $4,600 as BitMine Eyes $20B ETH Treasury
Aug 12, 2025
Ether prices have surged to their highest levels for almost four years, tapping $4,625 during Asian trading early on Wednesday morning. The asset has continued to build momentum and is now up a whopping 54% over the past month and 27% over the past week. Meanwhile, the latest move has taken it to within 5.3% of its 2021 all-time high...
Bitcoin Dominance Drops Below 60% as Altseason Signals Flash
Bitcoin Dominance Drops Below 60% as Altseason Signals Flash
Aug 12, 2025
Bitcoin dominance has fallen to its lowest level since January, dropping this week as Ethereum approaches its all-time high. The metric, which measures Bitcoin’s crypto market share, has been trending downward since late June when Ether started to wake up. Since then, it has declined by 10% sparking renewed calls for altseason, which usually comes when BTC dominance drops to...
Tom Lee’s Bitmine Becomes First Ethereum Treasury to Accumulate 1,000,000 ETH 
Tom Lee’s Bitmine Becomes First Ethereum Treasury to Accumulate 1,000,000 ETH 
Aug 12, 2025
Bitmine Immersion Technologies has become the first corporation to accumulate more than a million ETH for its strategic treasury. On Monday, the firm announced that its ETH holdings had reached 1.15 million tokens worth around $4.9 billion. It added that this total is 317,126 more than a week ago, and the treasury value is around $2 billion higher relative to...
Bitcoin Traders Beware: Record BTC Futures Leverage Sets Stage for Wild Price Swings
Bitcoin Traders Beware: Record BTC Futures Leverage Sets Stage for Wild Price Swings
Aug 13, 2025
Bitcoin’s derivatives market is flashing its loudest warning signal in five years as traders pile into highly leveraged positions. According to analyst Axel Adler Jr., August’s 30-day change in the Estimated Leverage Ratio (ELR) went above +0.4 for the first time since 2020, a level that has historically come before periods of volatile price moves and sudden liquidations. Elevated Risk...
Forex >
Copyright 2023-2026 - www.financetom.com All Rights Reserved