Author: bitlyfool
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Kenyattas, Equity CEO top in Sh63bn bank dividends
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The families of Jomo Kenyatta, former Central Bank of Kenya Governor Philip Ndegwa, I&M Bank founder Suresh Shah and Equity Group CEO James Mwangi are among the biggest beneficiaries of the total Sh63.1 billion dividends to be paid by Kenya’s listed banks. The Kenyatta family, which owns a 13.2 per…
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Dollar near five-month highs ahead of Fed policy decision By Reuters
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Written by Alun John LONDON (Reuters) – The dollar rose towards its highest levels this year against a basket of its counterparts and US stock futures fell on Wednesday ahead of the Federal Reserve’s monetary policy decision, although trading was weak with many European and Asian markets closed. . The…
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If History Rhymes, Bitcoin Price Will Do This In The Next 6 Months
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at recent days string On X (formerly Twitter), popular on-chain analyst Checkmate provided an analysis regarding the future path of Bitcoin. Currently, the major cryptocurrency is hovering around the $60,000 level, a pivotal moment that reflects historical patterns within the Bitcoin market cycle. What will the next six months bring…
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Eurozone’s First-Quarter Growth Offers Respite from ‘Stagflation’ Concerns
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The euro zone is witnessing a remarkable surge in economic growth during the first quarter of 2024, recording its fastest pace in two years and dispelling fears of “stagflation” looming in the region. Output within the single currency area expanded by 0.3 percent in the first three months of the…
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New Zealand Economy Shed Jobs in Q1, Unemployment Rate Rose to 4.3%
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The New Zealand economy unexpectedly lost jobs by 0.2% on a quarterly basis in the first quarter of 2024, raising the unemployment rate from 4.0% to 4.3% over the period. The principal components revealed that the labor force participation rate fell from 71.9% to 71.5%, indicating that people may be…
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Binance Founder Changpeng Zhao: From Success To Sentencing
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In the dynamic world of cryptocurrencies, there are few names as influential as Changpeng Zhao, the founder of Binance, the visionary behind Binance. As the world’s leading cryptocurrency exchange, Binance has led the market, attracting millions of users and generating unprecedented trading volume. However, the narrative took a dramatic turn…
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Workers and activists across Asia hold May Day rallies to call for greater labor rights
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Breadcrumb links BMN Business Article writer: Associated Press Hyung Jin Kim Published on May 1, 2024 • 2 min read You can save this article by registering for free here. Or log in if you have an account. Article content SEOUL, South Korea (AP) — Workers, activists and others in…
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USD/JPY sits just under 158 as dip buyers settle down for now
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USD/JPY daily chart In European trading yesterday, the pair found itself settling below the 157 level here. This before the reaction to the US data helped push the pair above the figure level. This brings us to the present. Price action is now finding a new number level to settle…
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Ripple rejects SEC’s $2b claims; whales shift to SHIB and InQubeta
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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. Ripple fends off SEC demands with massive $2 billion fine, as whales shift focus to Shiba Inu and promising AI altcoin InQubeta. The drama continues between Ripple (XRP) and…
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Nvidia’s Israel AI spending spree has downside
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Nvidia Corp, the AI chip giant, is currently making one of its biggest moves in the past year by completing the acquisition of two Israeli companies for a total of $1 billion. The two startups Run: You have And So there you have it They are considered two of the…
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GSK raises full-year profit forecast, says first-half will see stronger sales By Reuters
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Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some or all of your investment amount, and may not be suitable for all investors. Cryptocurrency prices are highly volatile and may be affected by external factors such as financial, regulatory or political events.…
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SEC, Gary Gensler Viewed Ethereum as a Security for Over a Year, New Filings Reveal
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While Bitcoin has been recognized as a commodity, the same cannot be said for Ethereum’s status, which has been more ambiguous due to its initial coin offering (ICO) in 2014. However, a new report suggests that the Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, seem to have…
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Iterum resubmits NDA for new uUTI antibiotic By Investing.com
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DUBLIN – Iterum Therapeutics plc (NASDAQ:), a clinical-stage pharmaceutical company, announced today the resubmission of its New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) for the oral antibiotic sulopenem etzadroxil/probenecid, intended for the treatment of uncomplicated urinary tract infections (uUTIs) in adult women. This resubmission marks…
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Devexperts Teams Up with nuam Exchange to Boost Equity and Derivatives Trading
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast Where the…
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American Investment Bank Morgan Stanley Wants To Add Spot Bitcoin ETFs To 12 New Funds
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American multinational investment bank and financial services company, Morgan Stanley has revealed intentions to add Spot Bitcoin Exchange Traded Funds (ETFs) into a selection of its institutionally focused funds. This strategic move potentially reflects Morgan Stanley’s intent to expand into the digital asset space while also capitalizing on the growing…
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S&P 500 Falls 1% at End of Worst Month in 2024: Markets Wrap
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(Bloomberg) — The stock market got hit after the latest batch of economic data showed a plunge in consumer confidence and persistent wage pressures in the run-up to the Federal Reserve decision. Most Read from Bloomberg Equities remained on pace for their worst month since September on speculation the Fed…
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Volatile Japanese yen movements suggest intervention; here’s how we can confirm By Investing.com
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Investing.com – The Japanese yen has seen some volatile trading this week, raising speculation that the country’s authorities have intervened to try and stem its seemingly relentless decline. Here’s how we can confirm the intervention. At 11:15 ET (15:15 GMT), the pair traded 0.7% higher at ¥157.37, after climbing as…
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Coinbase Integrates Bitcoin Lightning for 100 Million Users
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Bitcoin and crypto exchange Coinbase has integrated Bitcoin’s Lightning Network, enabling faster and cheaper BTC transactions for its users in the United States (with the exception of New York). As the largest Bitcoin exchange globally by users, trading volume, and custody of assets, Coinbase’s adoption of Lightning is a major win…
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DB lists 7 themes keeping it ‘awake at night’ despite soft landing hopes buoying stocks
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Michael M. Santiago/Getty Images News Deutsche Bank has seven themes it said are keeping it “awake at night” although growing optimism for a soft landing for the U.S. economy has helped keep stocks move higher in recent months. The S&P 500 (SP500) (VOO) (IVV) may settle in the red for…
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Daily Broad Market Recap – April 29, 2024
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The market holiday in Japan and the lack of verbal intervention from Japanese officials weren’t enough to stop the yen from making big moves! Here’s how it all went down. Headlines: Major city in southwest China (Chengdu) removed home-buying curbs to support property sector Germany preliminary CPI for April: 0.5%…