Tag: NET
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MercadoLibre: Dominating a Massive Market with Tremendous Growth Potential
Dominating a Massive Market MercadoLibre, with its e-commerce and fintech operations, has become an integral part of the daily lives of over 1.8 million families in Latin America. Operating in 18 countries, the company’s services have emerged as the primary income source for millions of households. The growth of MercadoLibre parallels the rapid expansion of […]
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Bitcoin Outflows Slow as New ETFs Garner Inflows, U.S. Market Leading
Bitcoin ETF Inflows Counterbalance GBTC Outflows While the outflows from Grayscale’s GBTC are substantial, the nine newly launched spot bitcoin ETFs saw inflows of $1.8 billion last week. The BlackRock IBIT led the influx with $744.7 million, closely followed by Fidelity’s FBTC with $643.2 million. Since their launch on January 11, these nine ETFs have […]
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Shiba Inu Investors Accumulating as Balance on Exchanges Declines
Bearish Implications for SHIB Price According to analyst Ali in a recent post on X, the amount of Shiba Inu (SHIB) held on exchanges has been consistently decreasing since November. This decrease is measured by the “Balance on Exchanges” metric, which tracks the total SHIB held in centralized exchange wallets. When the value of this […]
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Tech Giants Rally Behind FCC’s Net Neutrality Proposal, While Businesses Push Back
Opposition from Major Players The US Chamber of Commerce and Comcast Corp have recently expressed their opposition to the Federal Communications Commission’s (FCC) proposition to reinstate net neutrality regulations. On the other hand, several prominent technology companies have shown their support for the plan. The Chamber’s Concerns Labeling the FCC’s plan as “unlawful and unwise,” […]
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November’s Top Stocks: Coinbase, Cloudflare, Shopify Drive Market Gains
1. Coinbase: Fueling Growth in the Cryptocurrency Industry Coinbase (COIN 7.76%) experienced an outstanding month in November, with its shares surging 62%. The cryptocurrency exchange attributed its success to robust growth in service and subscription revenue, offsetting decreases in transaction fees. As a result, Coinbase achieved a remarkable 14% growth compared to the previous year, […]
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GameStop terminates CEO Matt Furlong, names co-founder of Chewy as executive chairman
GameStop Terminates CEO Matt Furlong GameStop Reorganizes Management Team GameStop announced on Wednesday that it had terminated its CEO, Matt Furlong, and that Ryan Cohen, co-founder of Chewy, would transition from chairman to executive chairman. In a press release, the company stated that Furlong’s resignation from the board of directors did not stem from any […]
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Crude Oil and USDCAD: Navigating the Technical and Fundamental Landscape
Oil and Currency Analysis: Impact of Inflation and Market Sentiment WTI Crude Oil and USDCAD: Technical Picture and Fundamentals The WTI crude oil futures contract and the USDCAD currency pair both have a limited track record in terms of response to inflation updates and display strong congestion patterns. The technical aspect of US-based crude oil […]
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Equity ETFs for emerging markets and Europe regain vitality.
The movements, as shown in BlackRock statistics, show a timid turnback in the leadership of the world stock market. The MSCI China index and the Euro Stoxx 600 index have both increased since the beginning of October by more than 20% each, outpacing the S&P 500’s increase of 16.2%. The DXY index, which compares the […]