Author: bitlyfool
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Joe Biden will double, triple and quadruple tariffs on some Chinese goods, with EV duties jumping to 102.5% from 27.5%
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President Joe Biden will double tariffs on some Chinese goods this week, unveiling the measures at a White House event framed as a defense of American workers, people familiar with the matter said. Biden will raise or add tariffs in key sectors after nearly two years of review. The total…
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Week Ahead in FX (May 13 – 17): U.S. Inflation Plus U.K. And Australia’s Jobs Reports
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The US Dollar is in for another busy week as Uncle Sam publishes the latest inflation reports! Meanwhile, labor market updates from the UK and Australia are expected to increase volatility for the British pound and Australian dollar. We’ve got a diary on this week’s most watched data releases! Before…
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Binance 3-Year Monitorship To Be Handled By FRA – Details
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According to the latest report, the US Department of Justice (DOJ) has granted three years of Binance monitoring to consulting firm Forensic Risk Alliance (FRA). The appointment is part of a plea deal the exchange struck with the Department of Justice last year. In November 2023, Binance entered into a…
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Local online taxi, food delivery platforms to pay digital tax
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A 1.5% digital services tax will be imposed on local platforms offering online jobs, rental, food delivery and ride-hailing services, if Parliament approves a proposed revenue-raising proposal by the National Treasury. In the Finance Bill 2024, National Treasurer Njuguna Ndongo proposed amendments to extend the digital service tax to platforms…
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Is The Bitcoin Bottom In? Buy The Dip Sentiment Erodes Amid Drop Toward $60,000
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Bitcoin has It was slid down Since it reached an all-time high last March. This has largely led to dip-buying sentiment among cryptocurrency traders, with many believing that the correction will end once it is over and Bitcoin will rise back to its all-time highs. Related reading According to cryptocurrency…
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How The Rise In Cash Offers Are Shaping the House Buyer Property Market
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Imagine you’ve found your dream home, spent days searching for the perfect mortgage, and just as you’re about to make an offer, a buyer comes along and buys the property for cash. This scenario is becoming increasingly common in the real estate market, relegating traditional buyers to the sidelines. Although…
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Wall Street dives into Regeneron’s robust prospects By Investing.com
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Regeneron (NASDAQ:) Pharmaceuticals, Inc. remains… At the forefront of the biopharmaceutical industry, with a strategic focus on new therapeutic areas and a strong financial position. Analysts from BMO Capital Markets, Morgan Stanley and RBC Capital Markets provide insights into the company’s growth potential, competitive position and market dynamics, as Regeneron…
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Top cryptocurrencies to watch this week: ETH, BOME, HNT
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Last week, volatility in the cryptocurrency market led to a staggering $100 billion loss. This decline was reflected in the global cryptocurrency market capitalization, which fell by 4% to $2.36 trillion at the time of writing. Here are the top cryptocurrencies to watch over the next few days. Ethereum It…
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Nvidia Rivals Gold as Shield Against Inflation, Survey Shows
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Breadcrumb links BMN Business The yen has lost its status as a haven currency Article writer: Bloomberg News Edward Harrison Posted on May 12, 2024 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. egg8c07r0)l}9ba8)tpi(c7i_media_dl_1.png Bloomberg MLIV…
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PBOC is expected to set the USD/CNY reference rate at 7.2284 – Reuters estimate
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The People’s Bank of China is scheduled to release the reference USD/CNY exchange rate at around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or renminbi). The People’s Bank of China follows…
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Here are the Latest Advancements
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Turkish lire; Dr Polkadot recently improved the performance of its network, resulting in a significant increase in transaction processing speed and capacity. In addition to technical developments, the protocol is exploring a potential $8.8 million sponsorship deal with American soccer club Inter Miami. What’s new about Polkadot? The blockchain protocol…
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April mortgage taking shows continuing recovery
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Taking out a mortgage in April 2024 was 28% higher than it was in April 2023. There was a relatively high amount of mortgage take-up in April when the public took out loans worth NIS 5.91 billion despite the eight-day Easter holiday reducing the number of working days last month.…
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Global Crossing Airlines reports strong revenue growth By Investing.com
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Global Crossing Airlines (JET:NASDAQ) has announced a significant uptick in its financial performance for the first quarter of 2024, with a 67% increase in revenue to $53.8 million and a 16-fold rise in EBITDA year-over-year. Despite this growth, the company reported a net loss of $6.3 million and ended the…
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Gas Gone Cheap! Ethereum Fees Plunge 93% To Rock Bottom Prices
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Ethereum users are rejoicing at the significant drop in gas fees, as the network saw its lowest level since early 2020. This translates into much cheaper transactions, making the platform more accessible to everyday users and developers. However, experts warn that this fee fest may be temporary, raising questions about…
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Solana Snowfall? Price Plunges Amidst Market Correction
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Solana, the high-speed blockchain that was once hailed as an Ethereum killer, finds itself in choppy waters. After reaching an all-time high of $203 in March 2024, the cryptocurrency has seen a major correction, currently trading at $145. Analysts warn of a potential free fall, citing external market forces and…
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This Artificial Intelligence (AI) Cloud Stock Will Join Microsoft, Alphabet, and Amazon in the $1 Trillion Club
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Right now, there are only seven companies in the world that have scale Market value In excess of $1 trillion. These companies are ranked from largest to smallest Microsoft, apple, Nvidia, the alphabet, Amazon, Saudi Arabian OilAnd Meta platforms. The obvious theme here is that most of these companies operate…
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Factbox-Who is Andrei Belousov, Putin’s choice as defence minister? By Reuters
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MOSCOW (Reuters) – Russian President Vladimir Putin has proposed a surprise appointment of a new defense minister, nominating civilian Andrei Belousov, a former deputy prime minister and economics specialist, for the post more than two years after the war in Ukraine, the Kremlin said. Here are some facts about Andrei…
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Crypto gets political, NFTs plummet, ETF inflows surge
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Today’s edition of Weekly Digest: Donald Trump changes direction on cryptocurrency; The NFT market is seeing a decline in trade volume; Exchange-traded funds (ETFs) are seeing a return in inflows. Trump is courting the cryptocurrency community The Republican Party’s 2024 presidential nominee is open Announce Support the crypto industry. In…
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Crypto gets political, NFTs plummet, ETF inflows surge
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Today’s edition of Weekly Digest: Donald Trump changes direction on cryptocurrency; The NFT market is seeing a decline in trade volume; Exchange-traded funds (ETFs) are seeing a return in inflows. Trump is courting the cryptocurrency community The Republican Party’s 2024 presidential nominee is open Announce Support the crypto industry. In…