Pent-up demand, stimulus power Walmart s optimism for the year
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Walmart tops estimates for same-store sales on stimulus spending boost, raises profit forecast
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May 05 2021, 10:10 AM
May 04 2021, 7:37 PM
May 05 2021, 10:10 AM
(Bloomberg)
(Bloomberg)
Animal spirits are alive and well in the cryptocurrency world, with the frenzy sending Dogecoin surging more than 50% again and crashing Robinhoodâs trading app.
Other so-called altcoins also took off, with Dash spiking 35% over a 24-hour period through midday in Asia Wednesday and Ethereum Classic rising almost 50%. In the world of DeFi, tokens such as Force DAO and Tierion surged more than 1,000% on Tuesday, according to CoinMarketCap.com data. Meanwhile, Robinhood said it resolved earlier issues with crypto trading on its platform.
âYou have money looking for a home and this is one of those areas of the market where there is speculation happening, there is significant appreciation happening in a short period of time,â said Chad Oviatt, director of investment management at Huntington Private Bank. âYou get that excitement there.â
Dogecoin Values Surges as Much as 50 Percent as Crypto Mania Continues
A sign of Dogecoin’s rising popularity - Robinhood app is among the top 10 downloads at the Apple App Store. By Vildana Hajric and Claire Ballentine, Bloomberg | Updated: 5 May 2021 11:37 IST
Dogecoin’s red-hot advance from around 0.002 cents a year ago captured interest of many on Wall Street
Highlights
Coinbase Global, largest US crypto exchange, doesn t offer Doge trading
Bitcoin slumped as much as 5.7 percent to $53,560 (roughly s. 39.5 lakhs)
Animal spirits are alive and well in the cryptocurrency world, with the frenzy sending Dogecoin surging as much as 50 percent again and crashing Robinhood s trading app.