Bitcoin has fallen by about 8% following the digital asset's ferocious rally. Even if traders remain bullish on the outlook for cryptocurrencies in the coming months, prices could fall further.
The cryptocurrency is currently trading at around $66,977, down 8.2% on the day. The token hit a new all-time high of around $73,798 the previous day.
“Bitcoin has a well-established history of reaching all-time highs and then becoming volatile and ruthless,” said Matt Simpson, an analyst at City Index. “And the Fed is unlikely to be as dovish as traders.” I was hoping. ”
Vodafone (VOD.L)
Vodafone has confirmed it will sell its Italian operations to Swisscom for €8bn (£6.8bn), weeks after rejecting an approach from French billionaire Xavier Niel.
The British telecoms giant also announced a €4bn (£3.4bn) share buyback plan.
The London-listed company said on Friday that the move represents an “attractive valuation” and marks the final stage of its strategy to sell parts of its European portfolio.
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Swisscom will pay 100% cash for the fully debt-financed acquisition. As part of the deal, the companies agreed that Vodafone would continue to provide “certain services” to Swisscom for the next five years.
Britain's competition regulator said on Friday it was conducting an initial investigation into Barratt's £2.52 billion takeover of housebuilding rival Redrow (RDW.L).
The Competition and Markets Authority (CMA) has not yet launched a formal investigation but is seeking an initial view on the potential impact of the deal on competition in the UK.
Interested parties have until April 2 to submit their comments before the regulator begins the next stage of its investigation.
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Mr Barratt agreed to acquire Redrow in early February to take advantage of the recent recovery in the housing market and solidify its position as one of the UK's largest housebuilders.
Adobe reported first-quarter results that beat Wall Street expectations for both revenue and bottom line, but the company narrowly missed quarterly revenue expectations, sending its stock down 11% in after-hours trading.
Adobe's revenue increased 11% year-over-year in the quarter ended March 1. Net income decreased to $620 million, or $1.36 per share, from $1.25 billion, or $2.71 per share, in the same period last year.
The software company reported adjusted earnings per share of $4.48, compared to expectations of $4.38. Revenue was $5.18 billion, narrowly beating expectations of $5.14 billion.
The company also announced a $25 billion stock repurchase program.
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