Author: Investor Empires
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Litecoin Comeback: Bullish Reversal Sets The Stage For $76.85 Target
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Litecoin (LTC) is making a strong comeback with a bullish reversal, paving the way for a potential move towards the $76.85 target. After bouncing off a critical support level, Litecoin has regained its bullish momentum, indicating renewed optimism among market traders. Key technical indicators are now pointing to further gains,…
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Stocks secure best week of the year, reversing early August sell-off
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Despite the recent rally in tech stocks, mega-cap names like Alphabet (GOOG, GOOGL), Amazon (AMZN), and Microsoft (MSFT) have seen their shares decline over the past month as investors question the viability of the AI space. Shares of Google parent Alphabet Inc. fell 14%, while Amazon shares fell about 8%.…
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US stock markets close with gains again. Best week since October 2023
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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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US stock markets close with gains again. Best week since October 2023
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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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Coinbase, KuCoin join list of crypto exchanges seeking licenses in Turkey
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Coinbase and KuCoin are among a new list of cryptocurrency companies and services looking to register in Türkiye. the Updated list The list of companies now includes Coinbase, KuCoin, and Gate.io, with the number of organizations increasing from 47 to 76. As crypto.news highlighted last week, the initial list included…
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Coinbase, KuCoin join list of crypto exchanges seeking licenses in Turkey
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Coinbase and KuCoin are among a new list of cryptocurrency companies and services looking to register in Türkiye. the Updated list The list of companies now includes Coinbase, KuCoin, and Gate.io, with the number of organizations increasing from 47 to 76. As crypto.news highlighted last week, the initial list included…
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Maravai LifeSciences may be worth $15 to $20 share in a takeout – analyst
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franckreporter/E+ via Getty Images Maravai Life Sciences (NASDAQ: MROV) could be worth $15 to $20 per share in a potential acquisition based on previous transactions, according to an RBC analyst, after a report that Repligen (RGEN) has made an offer for the vaccine reagent vendor. Maravai Stock (MRVI)) jump 23%…
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Mercari reports record-high revenue in FY’24, eyes growth By Investing.com
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Mercari, Inc. (4385.T), the popular online marketplace operator, has reported a record-high consolidated revenue and core operating profit for the fiscal year 2024. CEO Shintaro Yamada and CFO Sayaka Eda shared the company’s financial achievements and strategic outlook, highlighting a 9% year-on-year revenue growth and a core operating profit of…
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Former President Trump Taps Crypto-Friendly Tycoon to Lead 2024 Transition Team
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In a move that underscores the growing influence of the crypto industry in the political sphere, former President Donald Trump Trump announced Friday that he will appoint Howard Lutnick, CEO of financial firm Cantor Fitzgerald, to lead his transition team if he is reelected in 2024. Crypto Ally Leads Potential…
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Trump’s promised tariffs could spark trade war, inflation, expert warns
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As the 2024 presidential election approaches, the economic policies of the two main candidates, former President Donald Trump and Vice President Kamala Harris, have come into focus. Vice President Harris was recently criticize Because of her promise to fight “price gouging” by corporations if elected, with some prominent figures Economists…
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Australian dollar likely to struggle against USD: Citi By Investing.com
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Citi FX analysts provide insights into the performance of the Australian dollar against various currencies, and predict a challenging path for the Australian dollar. According to the brokerage, the recent sharp drop in the exchange rate points to a long-term ceiling that formed at just below 110 yen to the…
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Institutional Inflows to Bitcoin ETFs Show Promising Indicator, Says Coinbase Report
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Coinbase has Reported Updated 13-F filings for Q2 2024 indicate a significant increase in institutional inflows into U.S. Bitcoin ETFs, which the firm sees as a “promising indicator” for the Bitcoin market. The 13-F filings, released on August 14, reveal that institutional ownership of these ETFs grew from 21.4% to…
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Institutional Inflows to Bitcoin ETFs Show Promising Indicator, Says Coinbase Report
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Coinbase has Reported Updated 13-F filings for Q2 2024 indicate a significant increase in institutional inflows into U.S. Bitcoin ETFs, which the firm sees as a “promising indicator” for the Bitcoin market. The 13-F filings, released on August 14, reveal that institutional ownership of these ETFs grew from 21.4% to…
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Kenya Re half-year profit dips 10pc on forex losses
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Kenya Re’s net profit in the six months to June fell 10 percent to Sh1.06 billion, as foreign exchange losses eroded higher income from reinsurance and local investments. The Nairobi Securities Exchange-listed reinsurer reported a net foreign exchange loss of Sh800.25 million in the period, compared to a profit of…
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Daily Broad Market Recap – August 15, 2024
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Dollar dominance was the name of the game after the US posted strong retail sales numbers. How did the rest of the currencies and asset classes perform? Let’s discuss the headlines: Headlines: Australia MI July inflation expectations rise to 4.5% from 4.3% The Australian economy added 58.2 thousand jobs in…
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Aldi poised to overtake ASDA as UK’s third largest grocer within five years
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ASDA is set to lose its place as the UK’s third-largest grocery chain, with Aldi set to overtake it by 2028, according to analysis by GlobalData, a leading data and analytics company. The forecast comes as Asda faces a range of challenges, including leadership turmoil, labour disputes and shrinking market…
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Israeli intel believes Iran response will take place at later date — report
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Israeli intelligence now assesses that Hezbollah and Iran have lowered the alert level of their rocket and missile units and that a response will come at a later time, according to five Israeli officials, quoted by The New York Times. “By Friday, Israeli intelligence assessed that Hezbollah and Iran had…
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Norwegian And Swiss Central Banks Invest Heavily In MicroStrategy
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In a surprise move, the central banks of Norway and Switzerland have emerged as significant shareholders in MicroStrategy, a Virginia-based business intelligence firm. The development has sparked speculation about the underlying motivations behind these major financial institutions’ investments, with several analysts suggesting it could be an indirect play on the…
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Norwegian And Swiss Central Banks Invest Heavily In MicroStrategy
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In a surprise move, the central banks of Norway and Switzerland have emerged as significant shareholders in MicroStrategy, a Virginia-based business intelligence firm. The development has sparked speculation about the underlying motivations behind these major financial institutions’ investments, with several analysts suggesting it could be an indirect play on the…
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Onchain risk management co Chaos Labs raises $55m
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Israeli Chain Risk Management Company Chaos Labs Today, we announced the completion of a $55 million Series A funding round led by Haun Ventures with new investors including F-Prime Capital, Slow Ventures, and Spartan Capital. Existing investors Lightspeed Venture Partners, Galaxy Ventures, Wintermute Ventures, PayPal Ventures, General Catalyst, Bessemer Venture…