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Jumia Technologies AG (NYSE: JMIA) is rallying on Tuesday after a Benchmark analyst issued a super bullish note in its favour. Shares of the marketplace, logistics and payments service are up 30% for the day at writing but Fawne Jiang is convinced it’s not done pleasing its shareholders just yet. Jumia stock is now trading… Continue reading Jumia stock is far from done rallying yet: analyst says

Beleaguered airplane manufacturer Boeing recorded a 32% fall in deliveries of its commercial airplanes in the second quarter of the current fiscal year compared to last year. The fall came on the back of heightened regulatory scrutiny over the company triggered by the episode of a door blowing away mid-flight in January, especially when the company’s planes had already… Continue reading Boeing sees 32% fall in deliveries in Q2

Invesco and Galaxy have announced that the management fees for their Invesco Galaxy Ethereum ETF (QETH) will be set at 0.25%. This decision, detailed in an amended filing to United States regulators on July 9, underscores the intensifying competition among Ethereum exchange-traded fund (ETF) sponsors as the anticipated rollout of spot Ether (ETH) funds approaches.… Continue reading Invesco Galaxy Ethereum ETF (QETH) fee set at 0.25%

Oracle stock is tanking after talks between the company and Elon Musk’s AI startup xAI failed. The two companies were discussing a possible expansion of an arrangement already in place where xAI would rent Nvidia chips from Oracle. The deal was worth $10 billion and would have made xAI one of Oracle’s largest customers. As… Continue reading Oracle stock plunges as xAI talks fail

Meta, the parent company of Instagram, has partnered with Vodafone to enhance the delivery of short-form video content across 11 European mobile networks. This collaboration aims to free up network capacity without compromising the viewing experience. Video demand drives data usage growth The demand for video on platforms like Instagram, TikTok, and YouTube has significantly… Continue reading Meta and Vodafone partner to optimize video delivery across European networks

Dutch investment group Prosus is set to lead a $100 million funding round for BlueStone, an omni-channel jewelry startup.  This round is expected to value BlueStone at approximately $960 million, more than doubling its valuation from $440 million in September 2023. The funding round will include both primary and secondary share sales.  Around $60 million… Continue reading Prosus to lead $100 million funding round for BlueStone, valuing jewelry startup at $960 million