Author: Investor Empires
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Kiwi rises, dollar struggles to stay afloat ahead of US inflation test By Reuters
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Written by Ray Wee SINGAPORE (Reuters) – The New Zealand dollar made strong gains on Thursday following a positive survey of business expectations, while the U.S. dollar failed to sustain its recovery in the run-up to a key U.S. inflation reading at the end of the week. Friday’s release of…
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Kiwi rises, dollar struggles to stay afloat ahead of US inflation test By Reuters
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Written by Ray Wee SINGAPORE (Reuters) – The New Zealand dollar made strong gains on Thursday following a positive survey of business expectations, while the U.S. dollar failed to sustain its recovery in the run-up to a key U.S. inflation reading at the end of the week. Friday’s release of…
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Telegram CEO Pavel Durov indicted, placed under judicial supervision in France
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A Paris court has charged Telegram CEO Pavel Durov and placed him on conditional release on August 28 after his recent arrest on charges including terrorism and child abuse. Durov has been charged and placed under judicial supervision, requiring him to pay bail of 5 million euros, report to the…
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Gen Z protests slow KRA collections to a decade low
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Tax collections in July posted their slowest growth in more than a decade, excluding the Covid-19 pandemic, reflecting the effects of business disruptions in the wake of deadly Gen Z protests as the Treasury Department increased its reliance on costly overdrafts. Data released by Treasury Secretary John Mbadi showed that…
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Daily Broad Market Recap – August 28, 2024
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The lack of major data has kept traders focused on overall risk sentiment and positions ahead of this week’s expected data releases. Commodities such as gold and oil continued to decline, while the US dollar gained against most of its peers. Find out what headlines are making waves among major…
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Daily Broad Market Recap – August 28, 2024
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The lack of major data has kept traders focused on overall risk sentiment and positions ahead of this week’s expected data releases. Commodities such as gold and oil continued to decline, while the US dollar gained against most of its peers. Find out what headlines are making waves among major…
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Web3 At The Forefront: Japan Mulls Startup-Friendly Tax Reforms
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Japanese Minister of Economy, Trade and Industry, Takeru Saito, He said On August 28, 2024, it announced that it aims to boost its Web3 ecosystem through startup-friendly tax reforms. Tax reforms targeting startups are key to the growth of the Web3 industry To stimulate the Web3 industry, Japan may soon…
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Why I Am Backing Kamala Harris in the US Presidential Election
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Let me put it bluntly: I support Kamala Harris for President of the United States. Yes, you read that right. While the current political circus across the pond often feels like a far-from-real Netflix drama that’s both compelling and crazy, there’s something about Harris that makes you stop scrolling, sit…
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NZDUSD tests close to 0.63 after earlier NZ data
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The New Zealand dollar made another strong move this morning, testing a level close to the psychological 0.63 level. NZDUSD currency pair approaches 0.63 level The New Zealand dollar surprised many after the currency failed to fall following the recent dovish move by the Reserve Bank of New Zealand. I…
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NZDUSD tests close to 0.63 after earlier NZ data
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The New Zealand dollar made another strong move this morning, testing a level close to the psychological 0.63 level. NZDUSD currency pair approaches 0.63 level The New Zealand dollar surprised many after the currency failed to fall following the recent dovish move by the Reserve Bank of New Zealand. I…
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Lightspark Introduces Instant Bitcoin Lightning Payments for U.S. Businesses with New Feature
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Lightspark, the leader in Bitcoin Lightning Network payments, It was announced Launching Lightspark Extend, a new solution that allows businesses to facilitate instant payments via Lightning for eligible account holders in the US. ? Now Available: Lightspark Extend connects Lightning to eligible US account holders in real-time. With Lightspark Extend,…
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Rio de Janeiro police seize on a new target: Hard-to-grasp stuffed animals
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press David Beller Published on August 28, 2024 • Read for 3 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content RIO DE JANEIRO (AP) — Rio de Janeiro,…
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Nations building their own AI models add to Nvidia’s growing chip demand By Reuters
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Written by Archia Bajwa Countries that build artificial intelligence models in their own languages are turning to Nvidia (NASDAQ:NVIDIA) chips, adding to already surging demand as generative AI takes center stage for businesses and governments, a senior executive said Wednesday. Nvidia’s third-quarter forecast for a surge in sales of its…
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Nations building their own AI models add to Nvidia’s growing chip demand By Reuters
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Written by Archia Bajwa Countries that build artificial intelligence models in their own languages are turning to Nvidia (NASDAQ:NVIDIA) chips, adding to already surging demand as generative AI takes center stage for businesses and governments, a senior executive said Wednesday. Nvidia’s third-quarter forecast for a surge in sales of its…
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Can Bulls Launch a Recovery?
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Bitcoin price started a consolidation phase near the $58,500 level. Bitcoin must clear the $60,500 resistance level to start a recovery wave in the near term. Bitcoin tested the $58,000 area before there was a slight recovery. The price is trading below the $62,000 level and the 100-hour simple moving…
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Bank of Israel keeps rate unchanged, sees inflation rising
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The Monetary Committee of the Bank of Israel announced that it left the interest rate unchanged at 4.5%, as expected. This is the fifth time in a row that the Bank of Israel has kept the interest rate unchanged, after cutting it from 4.75% in January. The Bank of Israel…
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Chart Art: WTI Crude Oil (USOIL) Aiming for Triangle Support Again?
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The top of the descending triangle has been acting as resistance for crude oil this week, putting the commodity back on track to test the bottom. Will the support continue again? Take a look at the nearby turning points I am watching on the 4-hour chart: Crude Oil WTI (USOIL)…
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Chart Art: WTI Crude Oil (USOIL) Aiming for Triangle Support Again?
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The top of the descending triangle has been acting as resistance for crude oil this week, putting the commodity back on track to test the bottom. Will the support continue again? Take a look at the nearby turning points I am watching on the 4-hour chart: Crude Oil WTI (USOIL)…
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Polygon on-chain activity spikes despite MATIC price dip
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Polygon has seen a significant increase in on-chain activity despite the bearish reversal in cryptocurrencies that has seen MATIC decline. While the price of Polygon (MATIC) may continue to struggle amid the weakness currently surrounding Bitcoin (BTC) and the broader crypto market, analysts say the surge in on-chain activity points…
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Former Nevada official gets life sentence for murder of reporter By Reuters
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By Andrew Hay LAS VEGAS (Reuters) – A Las Vegas jury on Wednesday convicted a former elected official of killing an investigative journalist who wrote critical articles about him and sentenced him to life in prison with the possibility of parole after 20 years. Robert Tellis, a former Clark County…