Bitcoin bears dominate: odds of year-end price below…

In Today’s News

Walmart bumps up outlook ahead of holidays, plans listing switch to Nasdaq

By Juveria Tabassum and Siddharth Cavale(Reuters) -Walmart on Thursday raised its annual forecasts for the second time this year after another strong quarter led by surging online sales, in a signal of confidence headed into the holiday season. Shares rose 5.9% in early trading after it bumped up its annua …

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US existing home sales increase in October

Home sales rose 1.2% last month to a seasonally adjusted annual rate of 4.10 million units, the National Association of Realtors said on Thursday. Economists polled by Reuters had forecast home resales would rise to a rate of 4.08 million units. Home sales advanced 1.7% on a year-over-year basis.”Home sales i …

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Featured Article

Starbucks must face shareholder lawsuit over surprise sales decline

(Reuters) -Starbucks must face a lawsuit claiming it defrauded shareholders by concealing declining sales in the United States and China, its largest markets, leading to a 16% drop in its stock price after the coffee chain revealed the unexpected weakness.In a decision late on Wednesday, U.S. District Judge J …

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Other Headlines

Bitcoin bears dominate: odds of year-end price below $90,000 rise

NEW YORK (Reuters) -The likelihood of bitcoin ending the year below $90,000 has risen to 50%, according to online options platform Derive.xyz, as traders ramped up hedging against more declines in the world’s largest cryptocurrency.On the other hand, the options market has assigned just a 30% chance of bitcoi …

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President Trump has just enacted a transformative piece of legislation… This could soon modernize the U.S. dollar in your checking and savings accounts… Introducing a more advanced, tech-savvy dollar. President Trump himself referred to it as a “significant innovation”… And declared that this new currency symbolizes “American ingenuity at its finest.” Discover the details now because Chase, Bank of America, Citigroup, Wells Fargo, and U.S. Bancorp are already gearing up for this change.

Dollar extends gains vs yen as traders await US jobs report

NEW YORK (Reuters) -The dollar strengthened against the yen on Wednesday and the Japanese currency fell to a 10-month low, while Finance Minister Satsuki Katayama declared that Japan’s new government was closely monitoring markets “with a high sense of urgency.”Japanese government ministers including Katayama …

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US lawmakers target Chinese chipmaking equipment imports by CHIPS Act grant recipients

PHOENIX (Reuters) -A bipartisan group of U.S. lawmakers introduced a bill on Thursday in the House that would block the purchase of Chinese chipmaking equipment by CHIPS Act grant recipients for 10 years.The bill targets a range of chipmaking tools from complex lithography equipment, like that produced by Dut …

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United pilots showered with glass after object struck plane at 36,000 feet

WindBorne Systems last month said it believes one of its balloons struck United Flight 1093, a Boeing 737 MAX over Utah. The NTSB said the radar track of the balloon was consistent with the United plane that was struck. The NTSB said “the impact resulted in both pilots being showered with pieces of glass. The …

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Trump administration proposes to loosen rules protecting endangered species

The move is aligned with President Donald Trump’s effort to unwind what he says are burdensome federal regulations for businesses. Conservation groups said the changes would jeopardize the survival of threatened species including monarch butterflies and Florida manatees.The Endangered Species Act is a key reg …

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