Square is also focusing more on its self-custody wallet, Bitkey, which the company started shipping in March. At the time, the company said that Bitkey will not only provide standard wallet functionality, but also connect to Block’s payments platform Cash App and crypto exchange Coinbase (COIN) to allow buying and selling BTC. Source link
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BRITISH VIRGIN ISLANDS–(BUSINESS WIRE)–Despegar.com, Corp. (NYSE: NYSE:) (Despegar or the Company), Latin America’s leading travel technology company, today announced that it will report its Third Quarter 2024 results on Thursday, November 14, after the market close.Earnings ReleaseThursday, November 14, 2024Time: After Market CloseConference CallThursday, November 14, 2024Time: 4:30 p.m. Eastern TimeTo participate, please dial+1 (888) 330-2413 (U.S. domestic)+1 (240) 789-2721 (International)Please press # to be connected to an operatorPre-Register for the conference callPlease use the following link to pre-register for this conference call. Callers who pre-register will be given a unique PIN to gain immediate access to the call and…
Industrial metals from copper to iron ore slumped on investor doubts that China’s latest moves to shore up the property market will do enough to boost construction activity. Source link
Arista Networks (ANET) shares tumbled in extended trading Thursday as the cybersecurity firm reported shrinking margins, despite profits that topped Wall Street’s expectations. The cloud networking giant saw revenue grow 7% year-over-year to $1.81 billion, above the analyst consensus from Visible Alpha. Net income came in at $747.9 million or $2.33 per share, up from $545.3 million or $1.72 per share a year earlier and above projections. However, Arista’s gross margin in the third quarter was 64.2%, down slightly from 64.9% a quarter earlier. In the fourth quarter, Arista said it expects gross margins to fall to between 63% and…
By Satoshi Sugiyama TOKYO (Reuters) -Japanese household spending fell in September for the second straight month, government data showed on Friday, as higher prices choked consumers’ appetite in a discouraging sign for the central bank’s plans to hike rates further. Consumer spending fell 1.1% from the year earlier, against the median market forecast for a 2.1% decline. On a seasonally adjusted, month-on-month basis, it fell 1.3%, versus an estimated 0.7% drop. “There are one-time bumps in consumption but it doesn’t last long,” said Takeshi Minami, chief economist at Norinchukin Research Institute. “The background to this is the high cost of…
Online election betting platform Polymarket plans to bring its prediction markets back to customers in the United States, on the heels of accurately forecasting the electoral win of President-elect Donald Trump.”I want to give a lot of credit to the people who fought the battle to go and legalize political prediction markets in America,” Polymarket founder and CEO Shayne Coplan told Andrew Ross Sorkin on “Squawk Box,” in his first live TV interview Thursday. “Now we are in the position to be aggressive around expansion.”Polymarket’s betting platforms are currently only available to customers outside of the United States. In 2022, it halted U.S.…
By Vladimir Soldatkin and Guy Faulconbridge SOCHI, Russia (Reuters) -Russian President Vladimir Putin on Thursday congratulated Donald Trump on winning the U.S. election, praised him for showing courage when a gunman tried to assassinate him, and said Moscow was ready for dialogue with the Republican president-elect. In his first public remarks since Trump’s win, Putin said Trump had acted like a real man during an assassination attempt on him while he was speaking at a campaign rally in Pennsylvania in July. “He behaved, in my opinion, in a very correct way, courageously, like a real man,” Putin said at the…
Amazon is discussing making a second multibillion-dollar investment in OpenAI rival Anthropic, according to a person involved in the discussions. The new deal is similar to Amazon’s initial $4 billion dollar investment in the startup, which was struck last year. But this time, Amazon wants … Source link
(Reuters) – Amazon.com is in talks for its second multi-billion dollar investment in artificial intelligence startup Anthropic, the Information reported on Thursday, citing a person familiar with the matter. (Reporting by Akash Sriram in Bengaluru; editing by Alan Barona) Copyright 2024 Thomson … Source link
PURCHASE, N.Y.–(BUSINESS WIRE)–MBIA Inc. (NYSE:MBI) today posted its third quarter 2024 financial results on its website at https://investor.mbia.com/investor-relations/financial-information/default.aspx. The financial results will also be furnished to the Securities and Exchange Commission (SEC) on a Current Report on Form 8-K available at sec.gov. As previously announced, the Company will host a webcast and conference call for investors tomorrow, Friday, November 8, at 8:00 a.m. (ET) to discuss its financial results and other issues related to the Company. The conference call webcast will be available on MBIA (NYSE:)’s website at https://investor.mbia.com/investor-relations/events-and-presentations/default.aspx. MBIA Inc., headquartered in Purchase, New York, is a holding company…