News And PoliticsCommunications And EntertainmentSports And FitnessHealth And LifestyleOthersGeneralWorldnewsBusiness And MoneyNigerianewsRelationship And MarriageStories And PoemsArts And EducationScience And TechnologyCelebrityEntertainmentMotivationalsReligion And PrinciplesNewsFood And KitchenHealthPersonal Care And BeautyBusinessFamily And HolidaysStoriesIT And Computer ScienceSportsRelationshipsLawLifestyleComedyReligionLifetipsEducationMotivationAgriculturePoliticsAnnouncementUSMLE And MedicalsMoneyEngineeringPoemsSocial SciencesHistoryFoodGive AidBeautyMarriageQuestions And AnswersHobbies And HandiworksVehicles And MobilityTechnologyFamilyPrinciplesNatureQuotesFashionAdvertisementChildrenKitchenGive HelpArtsWomenSpiritualityQuestions AnsweredAnimalsHerbal MedicineSciencePersonal CareFitnessTravelSecurityOpinionMedicineHome RemedyMenReviewsHobbiesGiveawayHolidaysUsmleVehiclesHandiworksHalloweenQ&A
Top Recent
Loading...
You are not following any account(s)
profile/2681Capture.PNG.webp
Investopedia
:max_bytes(150000):strip_icc()/INV_RippleandSECIllustration_GettyImages-1934339096-39b20a7640d34b35b10b12b39bba8d56.jpg)
XRP Falls After SEC Appeals 2023 Ruling That Said The Token Was Not A Security
~1.0 mins read
The price of the XRP token fell by as much as 11% Thursday following the Securities and Exchange Commission's (SEC) decision to appeal a federal court ruling last year that found XRP (XRPUSD) is not a security when algorithmically sold to retail investors via exchanges. XRP has since given up some of those losses and was trading roughly 3% lower at 52 cents in recent trading.
This ruling had been seen as a partial victory for XRP's developer, Ripple Labs, and the broader crypto industry, with U.S. District Judge Analisa Torres stating in the July 2023 order that the XRP token itself is not a security. However, the the court did view institutional XRP sales as unregistered securities offerings.
The SEC’s renewed push against Ripple continues after it initially sought $2 billion in damages in the case, although the court ordered Ripple to pay only a $125 million penalty.
"The SEC's decision to appeal is disappointing, but not surprising," Ripple Chief Legal Officer Stuart Alderoty posted late Wednesday on the social media platform X in response to the SEC's court filing.
This legal development came just hours after crypto asset manager Bitwise filed to offer for the first spot XRP ETF Wednesday. The SEC's appeal likely weakens the potential for the proposed spot XRP ETF to be approved anytime soon.
Do you have a news tip for Investopedia reporters? Please email us at [email protected] Read more on Investopedia
profile/2681Capture.PNG.webp
Investopedia
:max_bytes(150000):strip_icc()/GettyImages-2168366021-9282fb8fc29a4d15a971da77313ad846.jpg)
Expedia Stock Jumps On Report That Uber Has Explored Takeover
~1.1 mins read
Expedia (EXPE) shares rose, while those of Uber Technologies (UBER) moved lower Thursday morning following a report from the that the ridesharing giant has explored acquiring the travel booking company.
A third party brought the idea to Uber, which has not yet made any official approach or offer to Expedia, the reported, citing "three people familiar with the process."
Uber and Expedia did not immediately respond to requests for comment. Expedia shares rose 5% in early trading, while Uber's stock was down 1.5%.
Acquiring Expedia—which operates its namesake platform along with brands like Hotels.com and Vrbo—would help expand Uber's efforts into travel booking as it aims to transform itself into a "super app," the reported.
In Uber's second-quarter earnings call in August, Chief Financial Officer (CFO) Prashanth Mahendra-Rajah said investing in growth remained Uber's "top priority," including "through acquisition opportunities that are aligned with our strategy." The company has a history of acquisitions, including buying up delivery rivals like Postmates and others.
Uber Chief Executive Officer (CEO) Dara Khosrowshahi previously served as Expedia's CEO from 2005 until his 2017 departure to take the top job at Uber, which the reported should help ensure any acquisition talks would start on a friendly note.
Khosrowshahi currently is a non-executive director on Expedia's board and "would recuse himself from deal discussions," the report said.
Do you have a news tip for Investopedia reporters? Please email us at [email protected] Read more on Investopedia
dataDp/3575.jpeg
Futbol

'The Gulf Has Never Been Bigger' - Can Moyes End His Anfield Misery?
~4.8 mins read
For David Moyes, Anfield has become the stuff of nightmares. Twenty one matches managed there, no wins, 14 defeats and 36 goals conceded - and the Everton boss isn't expecting life to get any easier when the Toffees visit runaway league leaders Liverpool in the Premier League on Wednesday. Moyes, 61, whose Everton side are 36 points behind Liverpool, said: "We might be further away from Liverpool than we have ever been at the moment. "When we left here, we were much closer to Liverpool, we were competitive, competing around the same areas in the league. At the moment it is probably the biggest gulf between the two clubs." A look at the history books shows Moyes is right. This is the biggest points gap there has ever been before a Merseyside derby that Moyes has been in charge of Everton in. Before this season, the biggest points gap before a Merseyside derby that Moyes was involved in was the 18 points Everton trailed the Reds by back in March 2006, and this will only be the sixth time the difference has been in double figures. Moyes' Everton have actually been ahead of Liverpool before eight of those 19 derbies, with them level going into both derbies in 2010/11. There has only been a bigger points difference than this before any Merseyside derby twice in Premier League history, with Liverpool leading Everton by 47 points in April 2022 and by 45 in June 2020. Everton also trailed Liverpool by the same 36-point margin in April last season. In terms of finances, the gulf is also pretty big, with Everton's squad costing in the region of £200m to assemble - compared to Liverpool's circa £550m. Moyes' 19 Premier League games without a win at Anfield is also the longest any manager has gone in the competition without victory at the ground. A dozen of those matches came during his first spell in charge of Everton, with his side gaining seven draws and seven defeats. He also lost in his only match at Anfield when Manchester United boss and again when in charge of Sunderland. While West Ham manager, he was in charge of seven games at Liverpool, losing them all, with his most recent visit there seeing the Reds secure a 5-1 thrashing in the quarter-finals of the Carabao Cup in December 2023. He said: "Yeh. I don't want it [the record]. I want to win. I want to make sure I get rid of it. "Everytime we go there, it presents another chance to do so. "I would be lying if I said I look forward to going there all the time because it is such a hard place to get results. It is nothing to do with the surroundings or the pitch, they have always produced good teams." Moyes began his second spell in charge of Everton in January, replacing the sacked Sean Dyche with the Toffees 16th in the Premier League - one point clear of the relegation zone - with only three wins from 19 games. They lost 1-0 at home in Moyes' first league game since his return, but his side have been unbeaten since then, apart from a 2-0 home loss to Bournemouth in the fourth round of the FA Cup. Wins against Tottenham, Brighton, Leicester and Crystal Palace, along with five draws, have taken Everton 17 points clear of the relegation zone with the team almost guaranteed to be playing in the top flight when they move to their new stadium at Bramley Moore Dock for the beginning of the 2025-26 season. One of those draws was an incredible 2-2 in the last Merseyside Derby to be staged at Goodison Park as James Tarkowski's equaliser in the eighth minute of added time earned Everton a draw. Since Moyes' return to the club, Everton have gained 17 points, the fifth highest in the Premier League, although runaway leaders Liverpool, with 23 points in the same period, also sit on top of that table. But does Moyes have any special plans to stop the Premier League's form player Mohamed Salah? "We could try and build a wall or something to stop him but he is such a talented player but we done quite a good job on him in the first game," he said. "We will have to hope we can do something similar in this game. "He is having an unbelievable season for Liverpool but we are talking about one of the top Premier League players of this generation." Moyes first game at Anfield came all the way back in December 2002, when Everton were unlucky to not leave with three points as substitute Wayne Rooney hit the crossbar in a goalless draw. Liverpool should have also gone down to 10 men with Steven Gerrard getting away with a two-footed lunge on Gary Naismith, only for the Reds midfielder to later get a retrospective three-match ban for the challenge. Gerrard did get a red card after only 18 minutes of Moyes' fourth away Merseyside Derby, in March 2006, but that did not stop the hosts going on to record a 3-1 home win. Everton only scored four goals in Moyes' first nine matches at Anfield, but did get on the scoresheet twice in January 2011 but it was not enough as Liverpool, in Kenny Dalglish's first home game since his return as manager, fought back from 2-1 down to get a 2-2 draw. Gerrard scored a hat-trick in Liverpool's 3-0 win in March 2012 and Moyes then came close to beating the Reds at Anfield in May 2013 when Everton had a potential goal controversially disallowed in another 0-0 draw. Four month later, Moyes, now in charge of Manchester United, saw his new side lose 1-0 after an early goal from Daniel Sturridge. Moyes' next job in English football came at Sunderland and he took them to Anfield once, resulting in a 2-0 loss in November 2016. During his two spells at West Ham, Moyes managed seven games against Liverpool away, losing them all, despite his team holding the lead in two matches in 2020, before losing 3-2 and 2-1. His last trip to Anfield resulted in his heaviest defeat there, the 5-1 Carabao Cup thrashing. In 19 Premier League games at Anfield, Moyes' sides drew six and lost 13. But that has not been the only venue to have caused the Scot problems. He constantly struggled at Stamford Bridge, winning none, drawing seven and losing 12 of his league games there, while Arsenal away was a near-constant frustration - with five out of five defeats at Highbury and only one win and four draws from 15 matches after the Gunners relocated to Emirates Stadium. But Moyes is not the only manager in Premier League history to struggle at certain grounds. Harry Redknapp lost all 15 league matches at Old Trafford, although did guide West Ham to an FA Cup fourth-round win over Manchester United there in 2001. Mark Hughes, Sam Allardyce and Tony Pulis all lost 10 out of 10 league matches at Emirates Stadium against Arsenal and former Manchester United defender Steve Bruce never relished his returns to Old Trafford, with one draw and 12 defeats from 13 away games as a manager.
All thanks to BBC Sport
profile/2681Capture.PNG.webp
Investopedia
:max_bytes(150000):strip_icc()/GettyImages-1246677564-e696db7ea8db40dfab256fb61f1e3fef.jpg)
What You Need To Know Ahead Of Intel's Earnings Report
~1.7 mins read
Intel (INTC) will report second-quarter earnings after the bell Thursday, with investors likely watching for updates on its outlook, as well as its foundry business and the company's potential to benefit from artificial intelligence (AI) demand.
Analysts expect the chipmaker to report a loss of $448.05 million or 11 cents per share, widening from the prior quarter as research and development costs rise, after reporting a profit in the year-ago period. The company is projected to report revenue of $12.94 billion, which would be a slight decline from a year earlier.
Investors will likely pay close attention to Intel's outlook, after shares tumbled in the wake of its first-quarter report on the chipmaker’s weak revenue guidance. Bank of America analysts said at the time that Intel's second-quarter guidance showed "topline growth remains lukewarm on limited AI exposure," with "underutilized manufacturing and elevated costs."
However, Melius analysts suggested earlier this month that the “AI laggard” could get a boost in the second half of the year, and benefit from its chips being used in Microsoft devices amid the tech giant's AI push with Copilot+ PCs. The chipmaker may also benefit from seasonal trends in the industry, suggesting guidance for the third quarter could be stronger.
Analysts are projecting third-quarter revenue of $14.34 billion, according to consensus estimates compiled by Visible Alpha, which would represent a slight increase from the year-ago period.
Worries about elevated costs, competition, and slower-than-expected progress in its foundry business have all weighed on sentiment surrounding Intel’s stock this year, though the chipmaker could be positioned to benefit from growth in its data center and AI segment as well as government support to promote the semiconductor industry within the U.S.
Intel's data center and AI segment helped drive revenue gains in the first quarter, though analysts noted Intel's top line still depends significantly on "legacy" products, and foundry revenue fell. Intel reported foundry operating losses widened to $2.47 billion in the first quarter of 2024, raising concerns that it could take longer to scale and break even than previously anticipated.
Intel shares have lost over 40% of their value so far this year, at $29.79 as of 11:50 a.m. ET Thursday, ahead of the company's earnings after the bell.
Do you have a news tip for Investopedia reporters? Please email us at [email protected] Read more on Investopedia
Loading...