Kroger shares surged Thursday after posting better-than-expected adjusted second-quarter profit, as the retailer's CFO said it is seeing "positive customer trends" that should positively impact sales into the second half of the year.
Flowcarbon, which raised $70 million from investors like Andreessen Horowitz, aims to tokenize carbon credits, but the token never launched.
The Palestinian economy is “in free fall,” the United Nations reported Thursday, with production in Gaza plunging to one-sixth of its level before Israeli forces began a blistering military response to the Oct. 7 attacks in the territory. The report from UN Trade and Development, or UNCTAD, also warned of “rapid and alarming economic decline" in the West Bank, citing expanded Israeli settlements, land confiscations, demolition of Palestinian buildings and violence by settlers. The report made no mention of corruption in Palestinian institutions.
Recent market history shows the Federal Reserve typically only starts interest cuts with 50 basis point reductions when the economy is significantly weakening.
The International Monetary Fund said on Thursday it was appropriate for the U.S. Federal Reserve to begin a long-awaited monetary easing cycle at its meeting next week as upside risks to inflation have subsided. IMF spokesperson Julie Kozack told a regular news briefing that the IMF expected the U.S. economy to slow over the rest of the year, and that this would be reflected in its updated World Economic Outlook forecasts in October.
As Bitcoin continues to outperform Ethereum, investors are left wondering: Is it time to switch? While ETH has underperformed in recent years, upcoming market trends and institutional interest may signal a comeback in 2024. Can Ethereum regain its momentum and hit new highs, or is Bitcoin the clear winner?
Boeing's U.S. West Coast factory workers started voting on Thursday on a much-criticized new contract and a possible strike, piling pressure on the company as it wrestles with chronic production delays and mounting debt. A potential strike starting on Friday would be a big early blow to Boeing's newly appointed CEO Kelly Ortberg, who was brought on last month to restore faith in the planemaker after a door panel blew off a near-new 737 MAX jet in mid-air in January. "A shorter strike (along the lines of the situation at Spirit Aero last summer where union leadership accepted the company's offer and membership rejected it) would probably be manageable for the company and the rating," said Ben Tsocanos, aerospace director, S&P Global Ratings.
The token will initially be offered on Ethereum and Coinbase’s Base networks, with plans to expand to more blockchains in the coming months.
The token will initially be offered on Ethereum and Coinbase’s Base networks, with plans to expand to more blockchains in the coming months.
