Author: Investor Empires
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Daily Broad Market Recap – September 9, 2024
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No big data? No problem! Pullbacks from the previous week’s moves and positioning ahead of potential market moves this week sent traders pushing major assets all over the charts on Monday. What headlines dominated the market’s price action anyway? Let’s take a look at them: Headlines: Japanese bank loans Growth…
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Bitcoin May Reach $80-90k With Trump Win, Says Bernstein — But What About Harris?
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Bernstein Private Wealth Management expected Bitcoin (BTC) price action is dependent on the outcome of the highly anticipated US presidential election in November 2024. Bitcoin Could Hit New Record High If Trump Wins According to Bernstein, Bitcoin is a “Trump deal” as a victory for the former US president could…
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Bitcoin May Reach $80-90k With Trump Win, Says Bernstein — But What About Harris?
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Bernstein Private Wealth Management expected Bitcoin (BTC) price action is dependent on the outcome of the highly anticipated US presidential election in November 2024. Bitcoin Could Hit New Record High If Trump Wins According to Bernstein, Bitcoin is a “Trump deal” as a victory for the former US president could…
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China records ¥649.34 billion trade surplus in August
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Bitcoin Rollups – The Rock Or The Hard Place?
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Staking has been at the center of the Bitcoin scaling narrative recently, becoming the first thing to truly “steal the show” from the Lightning Network in terms of mindshare breadth. Staking is intended to be a second off-chain layer that is not limited or constrained by the liquidity constraints that…
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Bitcoin Rollups – The Rock Or The Hard Place?
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Staking has been at the center of the Bitcoin scaling narrative recently, becoming the first thing to truly “steal the show” from the Lightning Network in terms of mindshare breadth. Staking is intended to be a second off-chain layer that is not limited or constrained by the liquidity constraints that…
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NFL-Police footage shows officers forcing Dolphins’ Hill to ground during traffic stop By Reuters
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Written by Rory Carroll (Reuters) – New video emerged on Monday showing police officers forcibly removing Miami Dolphins player Tyreek Hill from his car and throwing him to the ground during a heavy traffic stop before the team’s first home game on Sunday. The Miami-Dade Police Department said it will…
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US bill to restrict business with China’s WuXi AppTec, BGI passes House By Reuters
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By Karen Freifeld (Reuters) – The U.S. House of Representatives on Monday passed a bill aimed at restricting transactions with China’s WuXi AppTec, BGI and several other biotech companies on national security grounds. The first floor vote was on the Biosecurity Act, which would ban federal contracts with targeted companies…
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Buterin Withdraws 760 ETH As Market Turmoil Strikes Ethereum
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This article is also available in Spanish. Ethereum co-founder Vitalik Buterin was recently in the news after withdrawing 760 ETH – a move that sparked speculation about what such external transactions to his wallet could do to the Ethereum market. Related reading The transactions are part of a broader trend…
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Buterin Withdraws 760 ETH As Market Turmoil Strikes Ethereum
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This article is also available in Spanish. Ethereum co-founder Vitalik Buterin was recently in the news after withdrawing 760 ETH – a move that sparked speculation about what such external transactions to his wallet could do to the Ethereum market. Related reading The transactions are part of a broader trend…
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1 No-Brainer Cathie Wood Fintech Stock to Buy Hand Over Fist Right Now for Just $7
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Two weeks ago, Wall Street and individual investors alike held their breath as Federal Reserve Federal Reserve Chairman Jerome Powell took to the stage at the economic symposium in Jackson Hole, Wyoming. While the investment community listened to Powell’s every word, his remark seemed to resonate well: “It’s time to…
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South Korea warn that rapid pick-up in household debt may turn into systemic risk.
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Americans lost over $5.6b in crypto scams in 2023, FBI says
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Cryptocurrency-related scams and frauds soared last year, with losses up 45% in 2023 compared to the previous year, according to a new report from the FBI. As cryptocurrencies gain popularity in the United States, they are also leading to an increase in cryptocurrency scams. According to the FBI a report…
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U.S. natural gas slumps as Gulf of Mexico storm seen slamming demand (NYSEARCA:UNG)
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straga/iStock via Getty Images U.S. natural gas futures fell sharply on Monday as Tropical Storm Francine in the Gulf of Mexico was expected to make landfall on the upper Texas and Louisiana coasts on Wednesday, raising the possibility of lower natural gas prices by reducing demand. By cutting off power…
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Boeing labor deal angers many union workers ahead of vote, official says By Reuters
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Written by Alison Lambert (Reuters) – A temporary labor contract agreed between Boeing Co (NYSE:BA) and one of its largest labor unions has angered many workers who had hoped for higher wage increases and better pensions, an official who negotiated the deal said on Monday. The International Association of Machinists…
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Is ‘Green’ Bitcoin Mining The Future? Japanese Power Giant Thinks So
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Tokyo Electric Power Company is evaluating Getting into Bitcoin Mining Through its wholly owned subsidiary, Agile Energy X. The basic idea here is to make use of the excess renewable energy that is going to waste. To make the most of this waste, Tokyo Electric Power Company seeks to develop…
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Is ‘Green’ Bitcoin Mining The Future? Japanese Power Giant Thinks So
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Tokyo Electric Power Company is evaluating Getting into Bitcoin Mining Through its wholly owned subsidiary, Agile Energy X. The basic idea here is to make use of the excess renewable energy that is going to waste. To make the most of this waste, Tokyo Electric Power Company seeks to develop…
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Norfolk Southern CEO under investigation for alleged relationship with employee
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Norfolk Southern CEO Alan Shaw The railway company confirmed on Monday that it is under investigation for possible ethical misconduct. A spokeswoman for the Atlanta-based railroad, one of the six largest in North America, declined to provide any additional details about the nature of the allegations against Shaw, who worked…
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More on the failed changes at the Reserve Bank of Australia
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Here are some news headlines on this topic from earlier: Proposed changes to RBA board fail In addition to some details, quoted from Reuters news agency: The reforms, recommended by an independent review last year, included the creation of a separate governance board to complement the existing monetary policy board.…