Author: bitlyfool
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Kenya taps Israeli loan for upgrade of air defence
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Kenya is acquiring a high-tech missile defense system from Israel using a billion shillings loan from Tel Aviv amid growing security threats in the Gulf of Aden from Houthi rebels and Somalia’s Al-Shabaab. The missile barrier, called the Spyder Air Defense System, will be acquired from an Israeli company, Rafael…
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Dollar on back foot ahead of jobs report; yen on track for hefty weekly gains By Investing.com
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Investing.com – The US dollar fell slightly on Friday, as activity eased ahead of the widely watched monthly US jobs report, and the Japanese yen braced for its next week in more than a year. At 04:25 EDT (08:25 GMT), the dollar index, which tracks the greenback against a basket…
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Second of only Four Bitcoin “Epic Sats” Found by a Binance User
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to update: Additional blockchain analysis Indicates This purchase was the result of a for-profit “Saturday Hunt”. Programmatically Buy and withdraw Bitcoin from Binance. The article has been revised accordingly. One of only four rare “Epic Sats”, as defined by the Ordinals Protocol, was discovered and withdrawn from the Bitcoin and…
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McDonald’s Faces Profit Disappointment Amidst Cost-Conscious Consumers and Middle East Conflict
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McDonald’s, the American fast food giant, finds itself facing profit setbacks, with CEO Chris Kempczinski stressing growing financial caution among consumers and the repercussions of the conflict in the Middle East on its global operations. In the latest quarter, McDonald’s reported modest 1.9 percent growth in comparable sales, below Wall…
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It’s going to a be a dull market until the US NFP and ISM Services PMI
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There is no market moving data in the European session (unless we get a big jump in the Eurozone unemployment rate). For this reason, we will likely see range-bound price action heading into the US NFP and ISM Services PMI release. So, in the big picture, nothing has changed We…
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Arthur Hayes Shares His Top Altcoins
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In his latest post dated May 2, 2024, Arthur Hayes, founder of the BitMEX exchange, shared his thoughts on the recent turbulent behavior of the cryptocurrency market and the broader macroeconomic signals shaping potential future trends. Titled “may day“, his article directly addresses the cryptocurrency market, which has seen significant…
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Stock market today: Asian shares advance ahead of US jobs report
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Breadcrumb links BMN Business Article writer: Associated Press Eileen Kurtenbach Published on May 3, 2024 • 3 minute read You can save this article by registering for free here. Or log in if you have an account. Article content Most Asian stocks rose on Friday ahead of a report on…
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Adidas plots to swerve Samba slump By Reuters
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Written by Helen Reid LONDON (Reuters) – As Adidas (OTC:) aims to build on growing demand for its black-and-white Samba three-stripe sneakers and multicolored Gazelle sneakers, it is also taking steps to prevent the shoes from becoming a victim of its own success. The German sportswear giant has ramped up…
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BASE joins meme frenzy as BRETT takes off; GFOX set to top lists
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Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only. Coinbase is seeing a memecoin boom, with utility-focused token Galaxy Fox (GFOX) booming, following the success of BRETT. The underlying blockchain has seen a spike in transactions, thanks in…
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Int’l cos reluctant to bid for new TA light rail tenders
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Exactly one year ago, the NTA Metropolitan Mass Transit System published a multi-billion-shekel tender to operate the green and purple light rail lines in the Tel Aviv metropolitan area, which should start before the end of the decade. The tender required cooperation between Israeli and foreign companies and there was…
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Webull Launches ’24-Hour Trading’ in Australia
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Webull, a US stock trading platform with a global presence, has expanded its offerings to traders in Australia by offering 24-hour trading services. However, the service will be limited to trading US stocks and ETFs. Compatibility with US market hours According to today’s (Friday) announcement, the platform will initially support…
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Prepare for a Bitcoin Chop Before the Positive Impacts of the BTC Halving Take Place: Bitfinex
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Bitcoin is struggling to rise above the $60,000 level after a devastating downtrend this week. Bitfinex analysts shared their latest insights on BTC for May, predicting that the world’s leading cryptocurrency will continue to act as a benchmark for price movement in the market, indicating the market capitalization of the…
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Gold prices tread water as rate fears grow ahead of nonfarm payrolls By Investing.com
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Investing.com — Gold prices moved slightly in Asian trade on Friday, as markets remained hesitant towards the yellow metal ahead of the release of key US jobs data, while the possibility of higher interest rates for a longer period puts gold on track for weekly losses. The yellow metal has…
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Asia FX on guard before payrolls data, yen rebounds amid likely intervention By Investing.com
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Investing.com — Most Asian currencies rose slightly on Friday, benefiting from a lower dollar as markets retreated ahead of key US jobs data that is likely to weigh on interest rates. The dollar was also under pressure due to the recovery of the Japanese yen, which moved further away from…
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Crypto Mining Restrictions: Arkansas Lawmakers Approve Bills
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Over the past two years, the US government has attempted to tighten its grip on various sectors of the cryptocurrency industry. As a result, these efforts have received significant backlash from politicians and central figures in the cryptocurrency space. This week, another crackdown on the cryptocurrency industry occurred after Arkansas…
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Cloudflare Stock Tanks Following Q1 Results, Subpar Guidance
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Cloudflare Stock Tanks After Q1 Results, Below-Average Guidance – Here’s Why Cloudflare Company (NYSE: NET) It announced its first-quarter financial results after the bell on Thursday. here the details. Cloudflare reported quarterly earnings of 16 cents per share, which beat analyst estimates of 13 cents by 23.08%. The company closed…
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Daily Broad Market Recap – May 2, 2024
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The US dollar continued to lose points against its major counterparts, as more traders digested the less-tight-than-expected monetary policy decision by the Federal Reserve. Other major financial assets and their dollar counterparts were more variable as they reacted to the dollar’s trends and individual drivers. This is what you missed…
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Michael Saylor Delivers Bitcoin Masterclass To Fortune 1000 Companies
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In a keynote speech at MicroStrategy World: Bitcoin for Business, Michael Saylor, CEO of MicroStrategy, delivered a masterclass on corporate finance and the power of Bitcoin to strengthen corporate balance sheets. Saylor made a point to emphasize Bitcoin as the currency bachelor A solution to raise capital in an inflationary…
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Weak diesel market adds to concerns about global oil demand (NYSEARCA:USO)
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Slavko Sereda/iStock via Getty Images Crude oil futures ended little changed on Thursday, as a surprisingly large build in US inventories that raised concerns about demand and a potential ceasefire in the Middle East hampered any potential recovery from yesterday’s sharp losses. Dip in Global demand for diesel is also…
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Japan’s finance minister Suzuki and Bank of Japan Governor Ueda press conference on Friday
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…