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TezNewz delivers AI-scored financial news with impact ratings from -100 to +100. Latest stories cover Unknown, Financial Services sectors. Top impact story: "Dogecoin's First ETF Launches With 0 Inflows: Is Another Sell-Off Coming?" with -75 impact score.
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Grayscale's Dogecoin ETF (GDOG) launched with zero inflows on its first day of trading, raising concerns about potential further declines in Dogecoin's price, currently hovering around $0.13. The ETF recorded secondary trading volume of approximately $1.41 million, significantly below the projected $12 million. The broader crypto market is experiencing significant outflows, with nearly $2 billion withdrawn from investment products recently, adding pressure to single-asset crypto ETFs like GDOG.
Argus Research analyst Kevin Heal has maintained a 'Buy' rating on The Hartford Insurance Group (NYSE: HIG) and increased the price target from $143 to $155. This adjustment reflects a positive outlook for the company's performance in the market.
Carrier Global's Chairman and CEO, David L. Gitlin, purchased 19,300 shares of the company's stock at an average price of $52.62 per share, according to a recent SEC filing. This transaction indicates Gitlin's confidence in the company's performance and future prospects. The stock is traded under the ticker symbol CARR.
Zoom Communications, Inc. (NASDAQ: ZM) reported third-quarter adjusted earnings per share of $1.52 and revenue of $1.23 billion, both exceeding consensus estimates. The company raised its fiscal 2026 guidance for adjusted EPS to between $5.95 and $5.97 and revenue to between $4.852 billion and $4.857 billion. Following the earnings report, Zoom shares rose 12.79% to $88.62, and multiple analysts reiterated their ratings with price targets ranging from $87 to $115.
BuzzFeed, Inc. (NASDAQ: BZFD) has announced a partnership with Taboola to implement the DeeperDive AI answer engine across its Southeast Asia sites, starting in Singapore, Malaysia, and the Philippines. This integration aims to enhance user engagement by providing instant answers using BuzzFeed's content and suggesting related articles, while also creating new advertising revenue streams. Following the announcement, BZFD shares rose by 1.94% to $0.9001, and Taboola's shares (NASDAQ: TBLA) increased by 0.25% to $3.970.
Telefónica plans to reduce its workforce by over 6,000 jobs in Spain, according to union reports. This move is part of the company's broader strategy to streamline operations and cut costs. The announcement comes amid ongoing challenges in the telecommunications sector.
Argus Research analyst Bill Selesky has maintained a 'Buy' rating on Cummins (NYSE: CMI) and increased the price target from $459 to $573. This adjustment reflects positive expectations for the company's performance.
Humana has announced its intention to appeal a recent ruling that upheld cuts to Medicare star bonuses. This decision could have significant financial implications for the company, as the star ratings impact reimbursement rates. The appeal process may influence Humana's stock performance, which is currently traded under the ticker HUM.
