Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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Darden Restaurants (NYSE: DRI) reported a drop in its fourth-quarter profit.Darden's quarterly profit declined to $133.2 million, or $1.01 per share, versus $151.2 million, or $1.15 per share, in the year-ago period.Its revenue climbed to $2.30 billion from $2.07 billion. However, analysts were projecting earnings of $1.04 per share on revenue of $2.27 billion.Darden estimates 2014 diluted earnings per share to decline by 3% to 5%, while it expects sales to increase by 6% to 8%.Equities Trading UP
Spreadtrum Communications (NASDAQ: SPRD) shot up 16.64 percent to $26.00 after the company received a buyout offer from a unit of Tsinghua Holdings Co for $28.50 in cash per ADS.Shares of Rexnord (NYSE: RXN) got a boost, shooting up 5.63 percent to $17.08 after the company announced the pricing of public offering of common stock by selling stockholder.Facebook (NASDAQ: FB) was also up, gaining 1.13 percent to $24.17 after analysts at UBS upgraded the stock from “neutral” to “buy.”Equities Trading DOWN
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In commodity news, oil traded down 1.96 percent to $93.28, while gold traded up 0.35 percent to $1,290.70.Silver traded up 0.16 percent Friday to $19.86, while copper rose 0.34 percent to $3.08.Eurozone
European shares were lower today. The current account for the eurozone for April declined less than expected to 19.5 billion euros from 25.9 billion euros vs. the expected 14.2 billion euros.The Spanish Ibex Index fell 1.56 percent and the Italian FTSE MIB Index declined 1.89 percent. Meanwhile, the German DAX fell 1.76 percent and the French CAC 40 declined 1.11 percent while U.K. shares tumbled 0.70 percent.Economics
The ECRI Weekly Leading Index declined to 130.3 in the recent week ended June 14, versus 131.2 the earlier week.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.