carterdayne/iStock Unreleased via Getty Images British luxury fashion brand Burberry (OTCPK:BURBY) on Monday named Michael Kors boss Joshua Schulman as its new chief executive officer and said it expects to post an operating loss in the first half after a “disappointing” first quarter performance. Burberry (OTCPK:BURBY) also scrapped its dividendContinue Reading
U.Today – JP Morgan CEO Jamie Dimon has issued a warning with consequences for the markets. This latest warning has left many investors wondering about the implications for various asset classes, particularly cryptocurrencies. According to CNBC, the JPMorgan CEO issued a warning about inflation on Friday despite recent signs ofContinue Reading
Boarding1Now/iStock Editorial via Getty Images Delta Air Lines (NYSE:DAL) slid on Thursday after rattling investors with cautious guidance. Revenue was up 7.2% year-over-year to a record tally for the quarter of $16.7 billion. Premium revenue increased 10%, with premium unit revenues positive year-over-year. Loyalty revenue was up 8%, driven byContinue Reading
U.Today – Renowned economist and financial commentator Peter Schiff has once again issued a warning about ‘s price action, claiming that the cryptocurrency bubble is on the verge of bursting. Schiff, a longtime critic of Bitcoin, has constantly claimed that it has no intrinsic value and is a speculative assetContinue Reading
jetcityimage/iStock Editorial via Getty Images BP (NYSE:BP) -4.1% in Tuesday’s trading, on pace for its largest percentage decrease since October 2023, after warning that weak oil trading and reduced refining margins will hurt Q2 earnings. The company also said it expects to write down $1B-$2B in after-tax asset impairments andContinue Reading
U.Today – (BTC) started Thursday with a drop to $57,300. The cryptocurrency is currently trading at its lowest level in nearly three months, since the end of April. , the second most capitalized cryptocurrency, also started the day with a decline. But so did the rest of the market. OverContinue Reading
U.Today – Robert Kiyosaki, the renowned author of “Rich Dad Poor Dad,” has expressed his skepticism regarding ETFs. He stated that he would not purchase them, drawing parallels to his views on the same instruments for gold and silver. Kiyosaki argued that these financial instruments are not representative of theContinue Reading
Bruce Bennett/Getty Images News Walgreens Boots Alliance (NASDAQ:WBA) swung lower in early trading on Thursday after lowering its full-year outlook due to a tough overall backdrop for retail. “We continue to face a difficult operating environment, including persistent pressures on the U.S. consumer and the impact of recent marketplace dynamicsContinue Reading
U.Today – , the first and largest cryptocurrency has quadrupled in price since the beginning of 2023, reaching a new high of $73,798 in March, boosted by demand for U.S. exchange-traded funds. However, recent observations by crypto analyst Ali might suggest a concerning trend: a significant downturn in exchange-related on-chainContinue Reading
U.Today – Argentinian President Javier Milei has expressed his support for the free competition of currencies, including . This announcement has been well received by many in the cryptocurrency community. However, Max Keiser, a well-known Bitcoin advocate and advisor to the president of El Salvador, has advised Milei to beContinue Reading
