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As Microsoft (NASDAQ: MSFT) continues to evolve in the dynamic tech landscape, a recent boost from BMO Capital Markets has placed the spotlight squarely on its potential. BMO analyst Brian Pitz, citing a robust growth trajectory for Microsoft Azure, has upped his price target to $500 from $465 while maintaining an Outperform rating. This move comes on the back of an anticipated 31% year-over-year growth in Azure’s revenue in constant currency, underpinned by expert insights and rising market demand for cloud solutions. This optimistic stance on Microsoft is echoed by other market analysts. For...
Invezz
Indian homegrown cryptocurrency exchanges are recovering from the shock that the imposition of a controversial tax on crypto earnings dealt them with but sentiment is looking up now due to Bitcoin halving and US presidential elections around the corner. As we enter the second half of 2024 — a crucial year for Crypto — Invezz spoke to Rajagopal Menon, vice-president at WazirX, a major Indian crypto exchange and trading platform, and discussed the company’s prospects going forward, re-entry of Binance, budget expectations and more. Edited excerpts: Invezz: 2024 was a year of landmark events in t...
Invezz
Le milliardaire Elon Musk, connu pour ses aventures dans les voitures électriques, l’exploration spatiale et les médias sociaux, aurait fait un don important à un groupe politique soutenant le candidat présidentiel Donald Trump. Cette nouvelle, rapportée pour la première fois par Bloomberg, suggère que l’implication financière de Musk dans les élections de 2024 pourrait influencer le paysage politique de manière inattendue. Don important non confirmé à America PACSelon les sources de Bloomberg, le montant exact donné par Musk n’a pas été divulgué, mais il est décrit comme « important ». Le bén...
Invezz - FR
El multimillonario Elon Musk, conocido por sus proyectos en el sector de los coches eléctricos, la exploración espacial y las redes sociales, habría hecho una importante donación a un grupo político que apoya al candidato presidencial Donald Trump. Esta noticia, reportada por primera vez por Bloomberg, sugiere que la participación financiera de Musk en las elecciones de 2024 podría influir en el panorama político de maneras inesperadas. Donación considerable no confirmada a America PACSegún fuentes de Bloomberg, la cantidad exacta que donó Musk sigue sin revelarse, pero se describe como “consi...
Invezz - ES
Der Milliardär Elon Musk, bekannt für seine Unternehmungen in den Bereichen Elektroautos, Weltraumforschung und soziale Medien, hat Berichten zufolge einer politischen Gruppe, die den Präsidentschaftskandidaten Donald Trump unterstützt, eine beträchtliche Spende zukommen lassen. Diese Nachricht, über die zuerst Bloomberg berichtete, lässt darauf schließen, dass Musks finanzielles Engagement bei den Wahlen 2024 die politische Landschaft auf unerwartete Weise beeinflussen könnte. Unbestätigte beträchtliche Spende an America PACBloomberg-Quellen zufolge wurde die genaue Summe, die Musk gespendet ...
Invezz - DE
Citigroup on Friday reported strong second-quarter results for 2024, surpassing analysts’ expectations in both profit and revenue. The multinational investment bank and financial services corporation experienced significant growth, largely due to a rebound in Wall Street activity, which greatly contributed to its positive performance. Key figures from Citigroup’s Q2 resultsEarnings: $1.52 per share, exceeding the anticipated $1.39 per share as per LSEG.Revenue: $20.14 billion, surpassing the expected $20.07 billion.Net Income: Increased by 10% year-on-year to $3.22 billion, translating to $1.5...
Invezz
AT&T Inc., the multinational telecommunications giant headquartered in Dallas, announced on Friday that it had experienced a significant data breach. The incident exposed call and text records of its wireless customers and users of mobile virtual network operators (MVNOs) from May to October 2022. Details of the breach revealedIn a regulatory filing, AT&T reported that the data breach did not expose the content of calls or texts, nor did it reveal users’ personal information such as names, addresses, or financial data. The company clarified that on April 19, it discovered that a threat actor h...
Invezz
Elon Musk’s social media platform, X, is under fire from the European Commission for allegedly breaching EU online content rules. According to a statement released on Friday, the Commission’s preliminary findings suggest that X uses “dark patterns” to deceive users, potentially violating the Digital Services Act (DSA). Investigation into X’s compliance with EU regulationsThe European Commission, the executive arm of the EU, began an investigation last year to determine whether X complies with the DSA. The Act, designed to create a safer and more transparent online environment, sets strict guid...
Invezz
A recent report by Immunefi, a leading bug bounty platform, reveals significant financial losses on the BNB Chain due to hacks and rug pulls. Since its launch seven years ago, the blockchain has lost approximately $1.64 billion to these fraudulent activities. Breakdown of financial lossesOut of the total losses, $1.27 billion resulted from hacks, while rug pulls accounted for $368 million. Rug pulls, where project creators vanish with investor funds, have been particularly prevalent, with 228 reported cases. The largest incident was the $40 million DeFiAI rug pull in November 2022, highlightin...
Invezz
Efforts are underway to bring relief to over 100,000 Americans whose savings have been frozen in fintech accounts following the collapse of fintech intermediary Synapse. Banks are making significant progress in resolving this financial turmoil, potentially leading to the release of funds within weeks. Synapse collapse affects over 100,000 customersSince May, more than 100,000 users of fintech apps like Yotta, Juno, and Copper have been unable to access their funds due to Synapse’s collapse. This left many customers in a state of financial uncertainty. In response, banks such as Evolve Bank & T...
Invezz
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