November 8, 20240 Comments

Restaurant Brands International (QSR) earnings Q3 2024

Restaurant Brands International on Tuesday reported quarterly earnings and revenue that missed analysts’ expectations as domestic same-store sales growth for all four of its chains fell short of Wall Street estimates. Shares fell about 2% in early trading following the report. Here’s what the company reported for the third quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: 93 cents adjusted vs.

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November 8, 20240 Comments

Post-election Wall St booms as Fed cuts, China spurs By Reuters

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street’s looks poised to test 6,000 for the first time as the Federal Reserve underscored a post-election stock surge with its second interest rate cut of the year on Thursday and a nod to more. Overseas, Friday’s focus was on China’s widely expected debt-raising stimulus plans – although the readout was these were in line

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November 8, 20240 Comments

Embattled FTX Co-Founder Gary Wang Is Building US Authorities a Tool To Track Illicit Activity on Crypto Exchanges

FTX co-founder and former CTO Gary Wang continues to work with US authorities after giving his testimony at the trial of his college roommate and ex-colleague, Sam Bankman-Fried. Wang is among the FTX executives who were charged following the collapse of the FTX crypto exchange. He pleaded guilty to four criminal counts in December 2022. In a sentencing memorandum filed on November 6th, Wang’s lawyers ask the court to consider how their

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November 8, 20240 Comments

Ethereum Price Breaks 90-Day Accumulation Amid Whales Sell-off; Is $4,000 Close?

The crypto witnessed an accelerated bullish momentum following Donald Trump’s victory in in the 2024 presidential election. Bitcoin, the pioneer digital asset reached a new all time high, fueling a recovery in the altcoin market. Despite aggressive whale selling, the Ethereum price maintained its upward trajectory and breached the key resistance of the 6-months correction trend. By press time, ETH price had traded at $2,931, with an intraday gain of

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November 8, 20240 Comments

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November 8, 20240 Comments

Iranian charged in alleged plot to kill Trump

The US government has brought charges against an Iranian man in connection with an alleged plot to assassinate Donald Trump before he was elected the next president. The Department of Justice on Friday unsealed an indictment against Farhad Shakeri, 51, alleging he was tasked with “providing a plan” to kill Trump. The US government said Mr Shakeri has not been arrested and is believed to be in Iran. In a

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November 8, 20240 Comments

China is trying to fix its economy

Reuters Donald Trump and Xi Jinping at their last face-to-face meeting in 2019 China has unveiled new measures aimed at boosting its flagging economy, as it braces for a second Donald Trump presidency. The country plans to tackle tens of billions of dollars of local government debt to prevent it being a drag on growth. Trump won the US election on a platform that promised steep import taxes, including tariffs

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