It’s 9:28 am of Tuesday, 11 February 2025 in Washington, DC, USA and we are bringing you the top news in finance world right now. Check these out.
1. Coca-Cola (KO)’s Q4 Results Exceed Expectations Due to Increased Demand
Coca-Cola (KO) reported strong Q4 2024 results, beating analysts’ estimates with adjusted EPS of $0.55 (up 12.2% YoY) and net revenue of $11.54 billion (up 6.4% YoY). The company’s growth was driven by strategic brand management, global expansion, and a 2% increase in unit case volume. Coca-Cola Zero Sugar saw a 13% volume growth, highlighting its success in health-conscious markets. However, free cash flow dropped by 51% due to a $6 billion IRS tax litigation deposit.
2. Decentralized Finance Platform Legends Secures $15 Million Investment from a16z and Coinbase
Legends, a decentralized finance (DeFi) platform, secured $15 million in funding from prominent investors Andreessen Horowitz (a16z) and Coinbase. The funding will support the platform’s mission to innovate in the DeFi space, offering users new financial tools and services.
3. Uniswap Labs Launches Unichain to the Public, Intensifying Competition in Layer 2 Blockchain Space
Uniswap Labs has launched Unichain, a hyper-fast blockchain, to the public. This move intensifies competition in the Layer 2 (L2) blockchain space, aiming to improve transaction speeds and reduce costs for decentralized applications (dApps).
4. Brazil’s Central Bank to Continue Tightening Cycle Despite Slowing Inflation in January
Brazil’s inflation rate slowed in January, but the central bank plans to continue its monetary tightening cycle to stabilize the economy. This decision reflects ongoing efforts to control inflationary pressures.
5. Insider Trading Activity in US Stocks Shows Notable Trends
A recap of significant insider trades in U.S. stocks highlights notable buying and selling activities by corporate executives, providing insights into market sentiment and potential stock movements.
6. Metagenomi to Present Gene-Editing Advancements at TD Cowen’s Health Care Conference
Metagenomi, a gene-editing company, is set to present at TD Cowen’s 45th Annual Health Care Conference. The presentation will likely focus on advancements in gene-editing technologies and their applications in healthcare.
7. The College for Financial Planning and iShares Partner to Launch Certificate Program for Financial Advisors
The College for Financial Planning, in partnership with iShares, has launched a certificate program focused on ETFs and portfolio construction. This program aims to equip financial advisors with advanced skills in investment strategies.
8. Poland’s Central Bank Decides Against Including Bitcoin in Reserve Assets
Poland’s central bank has decided against including Bitcoin in its reserve assets, citing volatility and regulatory concerns. This decision reflects a cautious approach to cryptocurrency adoption.
9. CFTC Recovers $9.1 Million in Crypto Fraud Case
The Commodity Futures Trading Commission (CFTC) has recovered $9.1 million in restitution from a crypto fraud case. This highlights the agency’s efforts to combat fraudulent activities in the cryptocurrency market.
10. Baidu CEO Emphasizes the Ongoing Need for Cloud Investment
Baidu’s CEO, Robin Li, emphasized the importance of continued investment in cloud computing to drive innovation and maintain competitiveness in the tech industry.
11. Robinhood Introduces Options Trading for UK Customers
Robinhood has expanded its services to the UK, offering options trading to its customers. This move marks the platform’s continued international growth and diversification.
12. ViaSat Stock Price Drops Following Insider Selling Plans
ViaSat’s stock price dropped following news of insider selling plans. This development has raised concerns among investors about the company’s future performance.
13. Oncor to Announce 2024 Financial Results on February 25th
Oncor, a leading energy company, announced it will release its 2024 financial results on February 25. Investors are eagerly awaiting updates on the company’s performance and strategic plans.
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