Author: Investor Empires
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Dollar strengthens ahead of key payrolls release; Middle East turmoil helps By Investing.com
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Investing.com – The US dollar rose on Thursday, benefiting from strong employment data as well as uncertainty caused by unrest in the Middle East. At 04:30 EDT (08:30 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, rose 0.2% to 101.597, not far from…
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Tokenized Funds: BlackRock & Franklin Templeton
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The world of finance is changing dramatically because more people are using blockchain things and there are more tokenized things to buy. Big players like BlackRock and Franklin Templeton are all participating in this change by creating these brand new token funds. As these amazing products grow in popularity, they…
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Dutch airline KLM will do ‘everything’ it can to protect jobs in cost-cutting drive
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Dutch airline KLM announced on Thursday a comprehensive package of “aggressive” cost-cutting measures that it hopes will lead to an increase in operating profits of about 450 million euros ($496 million) “in the short term.” There was no specific mention of job cuts, but the company pledged to “explore options…
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Daily Broad Market Recap – October 2, 2024
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Data flow has been relatively light in recent trading sessions, but that hasn’t stopped a handful of asset classes from making big moves. The US dollar and Treasury yields got a little support from another upbeat key jobs indicator, while the energy commodity took cues from inventory data. Check out…
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FLR leads top altcoins in 24-hour gains despite market wide selloff
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FLR has emerged as a major gainer among the top 100 cryptocurrencies, seeing a 21% rise in price over the past 24 hours, driven by positive developments within its ecosystem. Flare (FLR) rose from a low of $0.0149 to a high of $0.0178, eventually settling around the $0.016 range at…
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FLR leads top altcoins in 24-hour gains despite market wide selloff
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FLR has emerged as a major gainer among the top 100 cryptocurrencies, seeing a 21% rise in price over the past 24 hours, driven by positive developments within its ecosystem. Flare (FLR) rose from a low of $0.0149 to a high of $0.0178, eventually settling around the $0.016 range at…
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Construction contracts for first time in 11 years
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The construction sector suffered its first contraction in nearly 11 years, with output falling by 2.9% in the quarter ending June 2024, hit by rising input costs, new data from the Kenya National Bureau of Statistics (KNBS) showed. The cost of inputs including cement, quarry products, sand and paints rose…
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UK September final services PMI 52.4 vs 52.8 prelim
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Final Services PMI 52.4 versus 52.8 expected and 53.7 previous. Final Composite PMI 52.6 vs. 52.9 expected and 53.8 previous. Key findings: Business activity growth fell to a three-month low in September. Strong order books support a positive business outlook for next year. Inflation rates slow for the third month…
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Crypto Market Cap Shrinks By 6%, With Liquidations Surpassing $550 Million
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The market capitalization of cryptocurrencies fell by 6%, with more than half a billion cryptocurrency bets liquidated amid simmering geopolitical tensions in the Middle East. Tensions in the Middle East are shaking the cryptocurrency market The total cryptocurrency market capitalization fell by 6%, falling to $2.24 trillion at press time,…
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Crypto Market Cap Shrinks By 6%, With Liquidations Surpassing $550 Million
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The market capitalization of cryptocurrencies fell by 6%, with more than half a billion cryptocurrency bets liquidated amid simmering geopolitical tensions in the Middle East. Tensions in the Middle East are shaking the cryptocurrency market The total cryptocurrency market capitalization fell by 6%, falling to $2.24 trillion at press time,…
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Tetley tea owner takes legal action against striking workers over trespass claims
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Tata Consumer Products, owner of Tetley Tea, has initiated legal action against the striking factory workers, accusing them of trespassing during an ongoing dispute over wages. The company applied for an injunction for trespassing after workers entered Tetley’s Teesside production site in County Durham, breaching picketing rules and engaging in…
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Buffett’s Berkshire sells $338 mln in Bank of America stock as sales slow down By Investing.com
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Investing.com – Warren Buffett Berkshire Hathaway (NYSE:) Inc. (NYSE:) has been gradually reducing its stake in Bank of America Corp (NYSE:) since mid-July, with the latest sales reflecting a slowing pace. Berkshire this week sold $338 million worth of stock, according to a Securities and Exchange Commission filing on Wednesday,…
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Cardano (ADA) Struggles: Can Bulls Prevent Further Losses?
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Cardano price started a new decline from the $0.3850 resistance level. ADA is consolidating above $0.3350 and may attempt a recovery wave. ADA price started moving lower below the $0.3550 support level. The price is trading below $0.350 and the 100 hourly simple moving average. There is a short-term bearish…
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Prospera Energy Inc. Announces Cash Flow Optimization
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Published on October 3, 2024 • 4 minutes…
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UBS wary of chasing dollar weakness ahead of payrolls By Investing.com
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Investing.com – Stock prices rose and stock markets suffered weakness in response to Iranian missile attacks on Israel, but gains in the US dollar were more weak, UBS said, suggesting a market that is not particularly concentrated in short dollar trades. At 05:20 ET (09:20 GMT), the dollar index, which…
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Stablecoins represent 40% of crypto economy in Sub-Saharan Africa
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As companies shift to dollar-linked options, stablecoins now account for more than 40% of the cryptocurrency economy in Sub-Saharan Africa. Stablecoins have emerged as a vital component of the cryptocurrency economy in Sub-Saharan Africa, accounting for about 43% of the region’s total transaction volume, according to a recent study. a…
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Stablecoins represent 40% of crypto economy in Sub-Saharan Africa
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As companies shift to dollar-linked options, stablecoins now account for more than 40% of the cryptocurrency economy in Sub-Saharan Africa. Stablecoins have emerged as a vital component of the cryptocurrency economy in Sub-Saharan Africa, accounting for about 43% of the region’s total transaction volume, according to a recent study. a…
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Israeli startups raised over $400m in September
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Private Israeli technology companies raised $7.2 billion in the first nine months of 2024, according to IVC-LeumiTech. Israeli startups raised more than $400 million in September 2024, according to reports and press releases seen by Globes. The number may be higher because some companies prefer to remain hidden and sometimes…
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Chart Art: Is AUD/USD Headed For Deeper Pullback Levels?
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The AUD/USD pair is heading lower after recent events pushed US demand higher. How far will the CMD pair go before the bulls extend their multi-week uptrend? The 4-hour time frame can give us clues: AUD/USD Forex 4 Hours Chart by TradingView In case you missed it, an upbeat jobs…
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New Dogecoin Addresses Jump 72% In One Week, Is Retail Finally Here?
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Dogecoin has experienced a whirlwind of adoption, especially when it comes to new investors. Cryptocurrency analyst Ali Martinez subscriber On Within a week, new addresses will be registered on Dogecoin network Daily saw a 72% jump. This indicates increased adoption which could mean new money flowing into the meme coin…