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Apple (NASDAQ:AAPL) reported its Q2 earnings on Thursday (May 2), wrapping up two weeks of quarterly earnings reports. Meanwhile, researchers at the US Department of Energy discovered that automation could enhance economic opportunities in the country's wind turbine industry, and the case against Google led by the US Department of Justice (DOJ) wound down with closing arguments on Friday (May 3). Stay informed on the latest developments in the tech world with the Investing News Network's round-up. 1. Apple's quarterly earnings beat analysts expectationsApple reported its Q2 earnings report aft...
Investing News Network
April was a game-changer for the cannabis industry. After deliberating for almost five months, the Drug Enforcement Administration moved to reschedule cannabis as lawmakers worked to combine the SAFER Banking Act with newly introduced stablecoin legislation. Meanwhile, controversy struck as legal cannabis was seized in New Mexico, Canada's Federal Budget 2024 was released with no mention of reform to high excise tax rates, and the saga of a once high-end cannabis dispensary finally ended in bankruptcy. Keep reading to discover more about these industry-shaping events. DEA finally moves to resc...
Investing News Network
The US Federal Reserve announced on Wednesday (May 1) that it will hold its benchmark interest rate at 5.25 to 5.5 percent following its two day Federal Open Market Committee (FOMC) meeting. In a press conference, Fed Chair Jerome Powell largely echoed previous statements, suggesting the committee will hold rates steady until it has more confidence that inflation is on a sustainable path to its 2 percent target. This was in line with analysts' pre-meeting expectations based on recent data from various government agencies. Higher-than-expected personal consumption expenditures price index data ...
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Bitcoin's price held steady in its first week post-halving despite record exchange-traded fund (ETF) outflows. Meanwhile, a piece of stablecoin legislation could advance to a vote before this year's election in the US, and Tesla (NASDAQ:TSLA) faced a new investigation days after releasing its much-anticipated quarterly report. Stay informed on the latest developments in the tech world with the Investing News Network's round-up. 1. Tesla, Meta, Alphabet and Microsoft release earningsAll eyes were on major tech players this week as they reported their latest quarterly results. Elon Musk's Tesla ...
Investing News Network
On April 16, the Canadian government tabled its 2024 budget proposal. Called "Fairness for Every Generation," it is aimed at helping Millennials and Gen Zs, with C$535 billion earmarked by the Trudeau government for investments in housing, clean economy initiatives, childcare, healthcare and national security. But one section of the document has garnered widespread attention — changes to the capital gains tax scheme. Starting on June 25, 2024, changes to Canada's tax system will aim to “enhance fairness” by adjusting the inclusion rate for capital gains. Individuals with over C$250,000 in annu...
Investing News Network
On Friday (April 19) at approximately 8:10 p.m. EDT, the much-anticipated Bitcoin halving occurred. The event happened when ViaBTC mined block number 840,000, reducing the reward rate from 6.25 Bitcoins to 3.125. Bitcoin remained stable over the weekend, staying within the US$63,000 to US$65,000 range. As of Monday (April 22) at 10:45 a.m. EDT, it was at US$66,243, up 2.2 percent in the past 24 hours and 2.7 percent compared to a month ago. While Bitcoin's price stayed relatively stable, the cryptocurrency's trading volume experienced significant fluctuations through the weekend, with a 45 per...
Investing News Network
The gold price ended last week with a bang, breaking through US$2,400 per ounce for the first time ever. Although it retreated below that level this week, the yellow metal remains historically high. I've asked a number of experts about what's behind gold's big move, and while their opinions differ on the specifics, they all agree that it still has plenty of room to run. Jordan Roy-Byrne, CMT, MFTA, of the Daily Gold may have put it best — he said that we're reaching the point where hyperbolic statements about the gold price can actually come true. Of course, gold stocks continue to underperfor...
Investing News Network
Major indexes slid this week as market participants adjusted their interest rate expectations. Meanwhile, the Bitcoin halving is approaching, and some experts are urging buyers to exercise caution. Also this week, the company that made humanoid robots a reality introduced a new and improved version. Stay informed on the latest developments in the tech world with the Investing News Network's round-up. 1. Bitcoin halving quickly approachingThe Bitcoin halving is a pre-programmed event that reduces the number of Bitcoin rewarded for mining blocks by half. As of the time of this writing, it was ex...
Investing News Network
The first quarter of 2024 was a mixed bag of optimism, caution and resilience in the cryptocurrency market. “For an industry that has been marked with significant dramatic occurrences in the past, this quarter has been relatively quiet with respect to surprises, comparatively," blockchain and smart contract technology specialist Adam Garetson, partner at Gowling WLG, told the Investing News Network (INN). “To me that signals greater normalization of the industry and asset class as a whole, which typically tends to have a net positive effect overall on market sentiment.” All in all, the crypto ...
Investing News Network
Major cannabis industry player Tilray Brands (TSX:TLRY,NASDAQ:TLRY) disappointed investors with its latest quarterly results this week, falling short of analysts' expectations in the wake of a number of acquisitions. Meanwhile, Nebraska lawmakers have proposed a lower tax rate for CBD after their initial offer was criticized, and unionized cannabis workers are preparing to strike on 4/20 as they seek improved benefits. Stay up to date on the latest news, trends and policy developments in the cannabis industry with our round-up below. Tilray's latest quarterly results disappointTilray released ...
Investing News Network
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