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09:12
The latest round of intervention in Japan may have reached as much as 5.01 trillion yen.
Golden Ten Data, May 7 – Data released by the Bank of Japan on Thursday shows that authorities may have utilized as much as 5.01 trillion yen (32.06 billion USD) in their latest round of actions aimed at supporting the pressured yen. This suggests that the country undertook multiple interventions in the market. The Bank of Japan's forecast for next-day money market conditions showed a net outflow of funds amounting to 4.51 trillion yen, while brokers had previously forecast a range from zero to a net increase of 500 billion yen. Operations to buy yen involve the Bank of Japan withdrawing yen from the market, so any abnormally large funding gap can be used as a basis to estimate the scale of intervention.
09:08
Bitcoin mining company Core Scientific reported total revenue of $115 million in Q1, with a net loss of $347 million.
According to Odaily, Core Scientific's official financial report shows that the Bitcoin mining company achieved total revenue of $115 million in the first quarter of 2026, up from $79.5 million in the same period last year. Gross profit stood at $30.1 million. Hosting business revenue rose from $8.6 million a year ago to $77.5 million, while proprietary mining revenue declined to $30.1 million. Despite the revenue growth, the company still reported a net loss of $347 million this quarter, compared to a net profit of $576 million in the same period last year. The loss was primarily due to a $266 million non-cash impairment loss, as well as a $30.8 million non-cash loss related to changes in the fair value of warrants and contingent value rights. In addition, Core Scientific announced the acquisition of Bitcoin mining company Polaris DS LLC for $421 million and expanded its total planned power capacity to 4.5 GW. Influenced by the financial report, the company's share price fell 7% in after-hours trading on one exchange and dropped 6.25% in pre-market trading on Thursday.
09:07
UBS raises DuPont target price to $59
Golden Globe May 7th|UBS has raised DuPont's target price from $56 to $59 and maintained a "Buy" rating. (Golden Globe)
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