Author: Investor Empires
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Asia stocks fall with Nvidia earnings on tap; Australia dips on sticky CPI By Investing.com
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Most Asian shares fell on Wednesday as technology-based indexes fell ahead of earnings from market darling Nvidia, while Australian shares fell on weak inflation data. Ongoing concerns about China also kept sentiment towards Asia on edge, after Canada said it would impose steep trade tariffs on the region’s largest economy.…
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But When Will SOL Breach $190?
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Solana remains the fourth-largest blockchain platform, excluding USDT, which is third by market cap. Over the past year or so, SOL, the native token of the modern network, has been on a rollercoaster ride, outperforming even Bitcoin. This expansion comes despite Bitcoin racing to record all-time highs. While optimism is…
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Benny Landa’s GenCell to implement streamlining plan
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Israeli clean tech company Gensel Energy (TASE: GNCL), whose largest shareholder is businessman Benny Lando, is implementing a simplification plan, “in order to improve its capital flow position and financial strength.” The company announced further reductions in its workforce, cuts in administrative and general expenses, cuts in research and development…
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UBS sees stable EUR/GBP with slight GBP advantage By Investing.com
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UBS Bank indicated on Tuesday a stable outlook for an average With a slight bearish bias for the pair, the stability is attributed to similar monetary policy cycles between the Bank of England and the European Central Bank. UBS noted that the Bank of England’s decision to cut interest rates…
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An Untold Story of Bitcoin in Thailand
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In the rapidly expanding global Bitcoin community, Western biases often dominate the narrative, ignoring diverse stories from around the world. One such story belongs to Didier Somnok, a small business owner in the heart of Bangkok, a city known Thailand is expected to receive 22.8 million international tourists in 2023,…
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An Untold Story of Bitcoin in Thailand
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In the rapidly expanding global Bitcoin community, Western biases often dominate the narrative, ignoring diverse stories from around the world. One such story belongs to Didier Somnok, a small business owner in the heart of Bangkok, a city known Thailand is expected to receive 22.8 million international tourists in 2023,…
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Adma Biologics CEO Grossman trades over $13M in company stock By Investing.com
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ADMA Biologics, Inc. (NASDAQ: ) has seen significant trading activity from its CEO Adam S. Grossman, according to recent filings. Grossman was involved in acquisitions and stock disposals on Aug. 26 and 27, totaling more than $13 million in transactions. On the purchase side, Grossman acquired approximately $2.9 million worth…
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The selling and trending in the USDCAD continues. What next?
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Last week, the USD/CAD pair fell sharply, and although the downward momentum may have slowed down a bit over the past couple of days and hours, the downtrend is still intact. Trends are fast, directional, and tend to go further than traders expect or believe. As a result, if you…
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4 Crucial Support Levels To Watch If BTC Falls
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Bitcoin is trending lower as of this writing, cooling off after an encouraging surge on August 23. While the uptrend continues, and the coin is not far from $63,000, there is no reason to rule out the possibility that sellers will continue to pressure. A continuation of the early August…
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Nvidia Will Beat Wall Street’s Earnings Estimate by 10% or More on Wednesday
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AI Giant Nvidia (NASDAQ: NVDA) Saudi Telecom Company (SABIC) is scheduled to announce its results for the second quarter of fiscal year 2025 (ending July 28, 2024) on Wednesday, August 28, after market close. Nvidia’s upcoming earnings release is widely seen as the most anticipated of this quarterly earnings season,…
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How Meme Culture Fuel Its Rise In 2024
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The cryptocurrency market is buzzing with the latest trendsetter, $DOGS Token, a meme coin that’s capturing attention thanks to its explosive entrance on major exchanges like Binance and OKX. Inspired by popular internet culture, DOGS isn’t just another flashy meme coin; it’s become a sensation partly due to its unique…
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Medicare coverage of Novo Nordisk’s Wegovy could cost up to $145B annually
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aprott/iStock via Getty Images Novo Nordisk’s (NVO) weight-loss drug Wegovy (semaglutide), which can be prescribed to Medicare beneficiaries with obesity and cardiovascular disease, could cost the system up to $145 billion a year. If all eligible beneficiaries receive Wegovy If achieved, it would cost Medicare between $34 billion and $145…
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UBS sees GBP/CHF range-bound amid central bank moves By Investing.com
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UBS’s latest comments on the currency pair point to a range trading outlook in the near term, with its analysis highlighting the contrasting monetary policies of the Swiss National Bank and the Bank of England. The bank noted that the Swiss National Bank is nearing the end of its interest…
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UBS sees GBP/CHF range-bound amid central bank moves By Investing.com
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UBS’s latest comments on the currency pair point to a range trading outlook in the near term, with its analysis highlighting the contrasting monetary policies of the Swiss National Bank and the Bank of England. The bank noted that the Swiss National Bank is nearing the end of its interest…
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Robinhood wallet adds support for Solana
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Robinhood has officially added support for Solana to its wallet, expanding the platform’s cryptocurrency offerings. Johan Kerbrat, CEO of Robinhood Crypto, made the announcement. Mergerwhich will enable users to self-custody Solana (SOL) and transact across the Solana blockchain. The move is in line with Robinhood’s broader strategy to bolster its…
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Daily FX Market Review: U.S. Dollar Weakens to New Lows of the Year!
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the US Dollar Index Gold hit a 2024 low last week after dovish comments from Federal Reserve Chairman Jerome Powell prompted global currency markets to expect a more dovish stance from the Fed than previously thought. This has led to continued selling pressure, causing the US dollar to fall to…
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Daily FX Market Review: U.S. Dollar Weakens to New Lows of the Year!
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the US Dollar Index Gold hit a 2024 low last week after dovish comments from Federal Reserve Chairman Jerome Powell prompted global currency markets to expect a more dovish stance from the Fed than previously thought. This has led to continued selling pressure, causing the US dollar to fall to…
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Experts Assess Impact On Crypto
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On August 24, Pavel Durov, the co-founder and CEO of Telegram, was arrested in France, sending an immediate shockwave through the cryptocurrency market as the value of TON (TON) plummeted. The arrest is particularly significant given Telegram’s central role in the cryptocurrency industry as a communications hub. However, the consequences…