Author: Investor Empires
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BoI Governor: No rate cut until second half 2025
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Bank of Israel Governor Prof. Amir Yaron told Globes that any interest rate cut may not come before the second half of 2025, if inflation moderates. The Monetary Committee of the Bank of Israel decided yesterday to keep the interest rate unchanged at 4.5%. The absence of a 2025 budget,…
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Artisan urges Seven&i for takeover bid update by Sept 19 By Reuters
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Written by Rocky Swift and Kevin Buckland TOKYO (Reuters) – U.S. asset manager Artisan Partners has stepped up pressure on its holdings in Japanese companies Seven and Ai, asking its board to provide an update on a takeover bid by Canada’s Alimation Couture by Sept. 19. In a letter dated…
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Artisan urges Seven&i for takeover bid update by Sept 19 By Reuters
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Written by Rocky Swift and Kevin Buckland TOKYO (Reuters) – U.S. asset manager Artisan Partners has stepped up pressure on its holdings in Japanese companies Seven and Ai, asking its board to provide an update on a takeover bid by Canada’s Alimation Couture by Sept. 19. In a letter dated…
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The New Mission Critical Facilities: Bitcoin Mining Farms
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Life is all about evolution, change, adaptation, and the willingness to thrive. Throughout history, we have witnessed many changes that have forced societies to evolve, adapt, and grow. From the beginning of commerce to the COVID-19 pandemic and beyond, we have witnessed events that have changed the world. One of…
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Brazil watchdog moves to block access to Elon Musk’s X after court order By Reuters
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Written by Lisandra Paraguaso, Luana Maria Benedetto and Ricardo Brito SAO PAULO/BRASILIA (Reuters) – Brazil’s telecommunications regulator said on Friday it will continue to suspend access to Elon Musk’s social media network X in the country in compliance with an order from a judge embroiled in a months-long dispute with…
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Global Market Weekly Recap: August 26 – 30, 2024
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Major assets were all over the place this week as traders tried to balance a massive load of news and data, and based on the results, it appears they put a little more weight on individual asset catalysts over overall market sentiment drivers. Middle East tensions and Libyan supply concerns…
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How Will The US Upcoming Fed Rate Cut Impact Bitcoin? QCP Analysts Weigh In
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With a US Federal Reserve rate cut fast approaching, analysts at QCP Capital, a global digital asset trading firm and market maker, have now shared their predictions. prediction About how this development will affect the price of Bitcoin. According to analysts, the upcoming US non-farm payrolls report and GDP data…
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Nvidia will grow to a $10 trillion company and the Blackwell chip will be like ‘fireworks’ for the stock, analyst says
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Michael M. Santiago/Getty, Tyler Lee/PA Analyst Beth Kendig says Nvidia is on track to reach a $10 trillion valuation. Kendig expects strong growth and “fireworks” for the stock after its launch at Blackwell. Jensen Huang assured investors that Nvidia’s next-generation AI chip will generate billions of dollars in revenue. Nvidia…
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China August Manufacturing PMI 49.1 (expected 49.5), Services 50.3 (expected 50.0)
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Official China PMI for August 2024 from the National Bureau of Statistics (NBS) More to come — The Chinese economy has shown, and continues to show, an uneven and unbalanced recovery. Key areas of concern include: Uncertain outlook for debt-ridden real estate sector Consumer confidence and demand decline Excess manufacturing…
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Pavel Durov, Telegram Founder: Legal Saga And Implications
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Image: CryptoSlate The tech world has been buzzing with the latest legal case surrounding Telegram founder and CEO Pavel Durov. The Russian businessman, known for his strong advocacy for free speech, data privacy, and resistance to content moderation, has found himself in the crosshairs of French authorities, leading to his…
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Eventful August sees S&P plunge, then go into recovery mode (NYSEARCA:SPY)
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S&P 500 (SP500) Friday Up 2.28% for August to close at 5,648.38 points. The accompanying SPDR S&P 500 ETF Trust (New York: Spy) He was Up 2.34% For the same period. Wall Street’s benchmark index posted its fourth straight month of gains, and is now up It has advanced in…
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SOL dips, TON faces latest hurdle as DTX Exchange sees investor interest
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Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. With Bitcoin price falling below $60,000 and altcoins like Solana and Toncoin struggling, DTX exchange has gained momentum, surpassing $2 million in pre-sale funding. The cryptocurrency market saw a slight…
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KCB shuts 31 branches in Rwanda in consolidation strategy
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KCB Group closed 31 branches in Rwanda in the six months to June 2024, as part of a shift to agency banking and a consolidation strategy following the acquisition of the Bank of the Rwandan People (BPR), which was later merged with an existing subsidiary in the same market. The…
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Dollar set for winning week ahead of key inflation release By Investing.com
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Investing.com – The U.S. dollar edged higher on Friday, on track to end a five-week losing streak ahead of key inflation data. At 04:00 ET (09:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.1% at 101.314, after rising to its…
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Dollar set for winning week ahead of key inflation release By Investing.com
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Investing.com – The U.S. dollar edged higher on Friday, on track to end a five-week losing streak ahead of key inflation data. At 04:00 ET (09:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.1% at 101.314, after rising to its…
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Bitcoin On The Radar? Dell’s Q2 Results Provide Clarity
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Dell Technologies’ Q2 2024 earnings results have the cryptocurrency industry on the edge of its seat, as the company was expected to become the latest to add Bitcoin (BTC) to its balance sheet. No Bitcoin has been purchased by Dell yet. Despite CEO Michael Dell’s cryptic posts on social media…
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How e-invoicing compliance can broaden your business horizons
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In recent years, the use of electronic invoicing among businesses has increased significantly. With more and more governments now mandating the use of electronic invoicing, it is more important than ever for businesses to switch to this system. Not only is electronic invoicing essential for staying on top of compliance…
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Forexlive Americas FX news wrap: US dollar strengthens despite slightly cooler PCE report
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Markets: Gold falls $19 to $2,501 West Texas Intermediate crude oil fell $2.47 to $73.44 a barrel. US 10-year Treasury yields rise 4.3 basis points to 3.81% S&P 500 rises 0.6% The US dollar advances, the yen lags. It was hard to relate fundamentals to market movements today, as is…