Citi has downgraded HSBC Holdings PLC from 'buy' to 'neutral' following a 40% rise in the bank's stock this year. Despite strong first-half results and a record Q2 pretax profit, Citi believes further gains require sustained faster revenue growth, which may take time. Near-term challenges include increased costs and limited buybacks, which could constrain profit growth and share support. Citi also lowered its price target and trimmed earnings forecasts slightly, signaling caution despite positive performance so far.
Hackers from the Rhysida ransomware group demanded 30 BTC (about $2.4 million) from Berlin's state government after breaching two Senate departments on August 14. Berlin refused to pay the ransom, prioritizing public safety, and the hackers published...
Nvidia is projected to generate approximately $851 billion in annual net income by 2029 if its earnings per share grow at a compounded rate of 64%, far surpassing Saudi Aramco's record profit of $161 billion in 2022. This growth would place Nvidia's ...
Zcash (ZEC) triggered $212 million in crypto liquidations on September 6, with $45.32 million in ZEC liquidations alone as its price jumped 15% to about $1,170. Most losses came from short positions, which accounted for $156 million of the total, ind...
Bitcoin's market capitalization has reached approximately 1.7% of the global money basket, which totals around $138 trillion combining global fiat M2 money supply and gold's market cap. This milestone highlights Bitcoin's growing role as an alternati...
After 16 years of dormancy, 600 Bitcoin mined in March 2010 were transferred to new addresses, valued at about $48 million. Blockchain analysts Whale Alert and Lookonchain confirmed the coins are not linked to Bitcoin's creator, Satoshi Nakamoto, des...
