Author: Investor Empires
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XPeng projects lower-than-expected Q3 revenue on stiff competition By Reuters
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(Reuters) – China’s Xpeng Inc (NYSE:XP) forecast third-quarter revenue below expectations and missed second-quarter sales estimates on Tuesday, hurt by stiff competition and weaker demand for its aging lineup of expensive electric vehicles. The company, however, expects to deliver between 41,000 and 45,000 vehicles in the third quarter, slightly more…
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Cenit Finance joins Space and Time, rebrands as ‘Space and Tokens’
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Cenit Finance has announced its integration into the Space and Time product suite and its rebranding to “Space and Tokens.” The move aims to boost the token economy for developers by providing advanced tools to improve token instrumentation, create robust vesting schedules, and better anticipate market risk, according to a…
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Cenit Finance joins Space and Time, rebrands as ‘Space and Tokens’
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Cenit Finance has announced its integration into the Space and Time product suite and its rebranding to “Space and Tokens.” The move aims to boost the token economy for developers by providing advanced tools to improve token instrumentation, create robust vesting schedules, and better anticipate market risk, according to a…
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BoI governor to PM: Get going on the budget
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Bank of Israel Governor Amir Yaron sent an extraordinary letter to Prime Minister Benjamin Netanyahu, calling on him to make progress in drafting the 2025 state budget. This comes after the budget was not approved by the government as scheduled on August 15, and reports that the government is considering…
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Asia FX steady as yen rally cools, dollar at 7-mth low amid rate cut bets By Investing.com
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Most Asian currencies were steady on Wednesday with the Japanese yen slightly weaker after a strong rally earlier this week, while continued bets on a U.S. interest rate cut saw the dollar fall to seven-month lows. The strength in the yen pointed to a sustained decline in the carry trade…
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Binance Prevents $2.4 Billion In Potential Losses From Scams
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Cryptocurrency exchange Binance announced Tuesday that it has prevented more than $2 billion in potential losses from fraud and scams since January 2024. The exchange highlighted risk management measures and a “proactive approach” as key to keeping its more than 1 million users’ funds safe from fraudulent activity. Binance Prevents…
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Binance Prevents $2.4 Billion In Potential Losses From Scams
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Cryptocurrency exchange Binance announced Tuesday that it has prevented more than $2 billion in potential losses from fraud and scams since January 2024. The exchange highlighted risk management measures and a “proactive approach” as key to keeping its more than 1 million users’ funds safe from fraudulent activity. Binance Prevents…
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Michelle Obama tells Trump presidency just may be a ‘Black job’ By Reuters
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Written by Stephanie Kelly CHICAGO (Reuters) – Michelle Obama took aim at Republican presidential candidate Donald Trump on Tuesday at the Democratic National Convention, criticizing his character and the racist attacks she and her husband Barack have faced in the past. “His narrow, limited view of the world made him…
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Daily Broad Market Recap – August 20, 2024
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Risk aversion has returned to the markets in recent trading sessions, sending stock indices lower again and pushing gold to test record highs. However, the US dollar failed to make safe-haven gains, as the greenback fell to its lowest level in a year. Check out these headlines and economic updates…
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Is Ethereum Finally Over the Slump? These 2 On-Chain Metrics Suggests a Bullish Turn
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Meet Samuel Ideyemi, nicknamed HIM-buktu. A web3 content writer, journalist, and aspiring trader, Ideyemi is a multi-talented person. With his flair for words and sense of trends, he has written for several industry players, including AMBCrypto, Blockchain.News, Blockchain Reporter, and more. Edemi’s adventure into the world of cryptocurrencies was cinematic.…
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Is Ethereum Finally Over the Slump? These 2 On-Chain Metrics Suggests a Bullish Turn
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Meet Samuel Ideyemi, nicknamed HIM-buktu. A web3 content writer, journalist, and aspiring trader, Ideyemi is a multi-talented person. With his flair for words and sense of trends, he has written for several industry players, including AMBCrypto, Blockchain.News, Blockchain Reporter, and more. Edemi’s adventure into the world of cryptocurrencies was cinematic.…
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Walmart Is Seeking Up to $3.74 Billion in Sale of JD.com Stake
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(Bloomberg) — Walmart Inc. is seeking to raise as much as $3.74 billion by selling its stake in Chinese e-commerce company JD.com, ending an eight-year partnership in a retail powerhouse now struggling with an economic slowdown and intense competition. Most Read from Bloomberg The U.S. retailer is offering 144.5 million…
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China automaker lobby warns of enormous risks and uncertainty from EU tariffs on EVs
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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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Crypto ATM sting in Germany leads to $28m seizure
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German authorities have seized 13 cryptocurrency ATMs and seized nearly $28 million in cash at 35 locations. It has been a great summer for Germany and cryptocurrencies. German authorities have faced criticism for their negative stance on cryptocurrencies after the sale of seized Bitcoin (BTC). The latest seizures on August…
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Crypto ATM sting in Germany leads to $28m seizure
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German authorities have seized 13 cryptocurrency ATMs and seized nearly $28 million in cash at 35 locations. It has been a great summer for Germany and cryptocurrencies. German authorities have faced criticism for their negative stance on cryptocurrencies after the sale of seized Bitcoin (BTC). The latest seizures on August…
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Federal judge derails FTC’s sweeping ban on non-compete agreements
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A federal court in Texas has blocked a new rule from the Federal Trade Commission that states: It would have made it easier. Employees may leave their jobs and work for a competing company. In a ruling issued Tuesday, U.S. District Judge Ada Brown granted a motion for summary judgment…
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Domino’s Australia franchise slumps 7% as high costs take larger slice of profit By Reuters
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(Reuters) – Shares of Australia-based Domino’s Pizza Enterprises Inc fell more than 7% on Wednesday after the franchise operator reported a weak start to the 2025 financial year as rising costs and frugal consumers weighed on profitability. Domino’s Pizza Enterprises operates the largest master franchise of the American pizza giant…
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Cryptocurrency Millionaire Joins Mpeppe & Bitstarz To Triple Profits
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In the fast-paced world of cryptocurrencies, opportunities to triple your profits are rare, but when they do arise, smart investors know how to seize them. Recently, a famous crypto millionaire made headlines by joining Mbebe (Mbebe) Project and take advantage of the BitStarz gaming platform to maximize their profits. This…
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Cryptocurrency Millionaire Joins Mpeppe & Bitstarz To Triple Profits
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In the fast-paced world of cryptocurrencies, opportunities to triple your profits are rare, but when they do arise, smart investors know how to seize them. Recently, a famous crypto millionaire made headlines by joining Mbebe (Mbebe) Project and take advantage of the BitStarz gaming platform to maximize their profits. This…
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Why Kenya needs robust Shariah governance rules
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Kenya has achieved a significant milestone in Islamic finance by issuing the first Sukuk in East and Central Africa. The listing of Linzi Finco Sukuk on the Nairobi Stock Exchange’s over-the-counter securities platform two weeks ago was aimed at raising funds that would be used to develop affordable housing projects…