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SEC says ‘unauthorized’ message about bitcoin ETF approvals not accurate

January 9, 2024 Yahoo News 0

SEC says ‘unauthorized’ message about bitcoin ETF approvals not accurate

It was the moment that the crypto world had been waiting for. Then it wasn’t. The price of bitcoin (BTC-USD) soared to nearly $48,000 Tuesday afternoon after the Securities and Exchange Commission appeared to announce on X, formerly Twitter, that the regulator had granted approval for the launch of spot bitcoin exchange-traded funds. The SEC had been expected this week to rule on whether as many as 14 different money managers would be allowed to issue the ETFs, which would allow everyday… Source link

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Wall Street’s stock market upgrades are now downgrades

January 9, 2024 Yahoo News 0

Wall Street’s stock market upgrades are now downgrades

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: RBC Capital’s Lori Calvasina became the latest strategist to raise her 2024 price target for the S&P 500 on Monday, lifting her forecast to 5,150 from 5,000. But by raising expectations for the benchmark index this year, Calvasina actually offered a more tempered outlook for stocks than what her team set forth in November 2023. “When we introduced our 5,000 target back in… Source link

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Donald Trump Fuels Instant Fact Check With Latest Ridiculous Lie

January 9, 2024 Yahoo News 0

Donald Trump Fuels Instant Fact Check With Latest Ridiculous Lie

Donald Trump’s latest untruth received a swift fact check on X (née Twitter). The Republican 2024 front-runner claimed gas is now selling for “5, 6, 7 and even $8 a gallon” during an interview with former Fox News host Lou Dobbs that aired Monday on LindellTV, the platform founded by MyPillow CEO and longtime Trump ally Mike Lindell. Attorney Ron Filipkowski shared the clip of Trump’s false claim on X and a reader-added community note was soon added to the post. It read, “GasBuddy… Source link

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Samsung Profit Tumbles 35% as Chip Weakness Persists

January 9, 2024 Yahoo News 0

Samsung Profit Tumbles 35% as Chip Weakness Persists

(Bloomberg) — Samsung Electronics Co. posted its sixth straight quarter of declining operating profit, reflecting weak consumer demand and stoking uncertainty over the timing of a broader tech recovery. Most Read from Bloomberg Korea’s largest company reported a 35% fall in operating income to 2.8 trillion won ($2.1 billion), about 24% shy of estimates. Revenue slid more than anticipated to 67 trillion won. For all of 2023, Samsung reported its slimmest operating profit in 15 years. The… Source link

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