Author: Investor Empires
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UK’s PMI rises to two-year high of 52.1 in July
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Joseph Clark The seasonally adjusted S&P Global Manufacturing Purchasing Managers’ Index (PMI) for the UK rose to a two-year high of 52.1 in July, up from 50.9 in June and the previous flash estimate of 51.8. Key findings include: Fastest output growth since February 2022; higher input price inflation to…
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Riot Platforms posts 52% decrease in Bitcoin production for Q2
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Bitcoin mining company Riot Platforms has released its Q2 financial results, which showed a decline in cryptocurrencies mined due to the recent halving. Colorado-based Bitcoin (BTC) mining company Riot Platforms has revealed its financial results for the second quarter, highlighting a significant drop in mined cryptocurrency attributed to the recent…
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Riot Platforms posts 52% decrease in Bitcoin production for Q2
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Bitcoin mining company Riot Platforms has released its Q2 financial results, which showed a decline in cryptocurrencies mined due to the recent halving. Colorado-based Bitcoin (BTC) mining company Riot Platforms has revealed its financial results for the second quarter, highlighting a significant drop in mined cryptocurrency attributed to the recent…
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Educators use AI to plan lessons, motivate kids, and make teaching easier
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Teachers have spent the past few years complaining about ChatGPT’s ability to help students cheat on their assignments. Generative AI can write a college essay or answer a math problem in a fraction of the time, making it a tempting shortcut. Professors have accused — accurately or not — their…
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BOJ shift gives yen a shake and causes reassessment of popular FX trade By Reuters
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By Alun John and Tom Westbrook LONDON/SINGAPORE (Reuters) – The Bank of Japan’s move to raise interest rates to a 15-year high pushed the yen to its highest level against the dollar since March and left it poised for further gains as investors reassess lucrative carry trades that had previously…
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Ethereum ETFs See 2nd Green Day Since Launch
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Ethereum exchange-traded funds (ETFs) have recorded their first green day after a four-day losing streak. A week after their launch, massive inflows, led by Grayscale’s Ethereum Trust (ETHE), have outpaced the stellar start of the ether-based investment product. Ethereum ETFs Outperform Outflows The approval of Ethereum (ETH) spot ETFs has…
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Ethereum ETFs See 2nd Green Day Since Launch
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Ethereum exchange-traded funds (ETFs) have recorded their first green day after a four-day losing streak. A week after their launch, massive inflows, led by Grayscale’s Ethereum Trust (ETHE), have outpaced the stellar start of the ether-based investment product. Ethereum ETFs Outperform Outflows The approval of Ethereum (ETH) spot ETFs has…
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Ruto’s spending on development projects sinks to new low
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Data showed that development project financing as a share of total state spending fell to single digits for the first time in more than a decade, reflecting the impact of rising debt servicing costs. Official data from the National Treasury shows that government ministries, departments and agencies spent Sh315.06 billion…
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Chart Art: WTI Crude Oil (USOIL) Closing in on Area of Interest
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Crude oil has been on a sharp rise these days, but can it sustain its gains beyond this longer-term area of interest? Take a look at these turning points I am watching on the 4-hour time frame. Crude Oil WTI (USOIL) Chart by TradingView Geopolitical tensions are back in the…
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Post Nashville Event Recap – A Bitcoin VC Perspective The Good, The Bad, and the Bullish
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Macro – Crossing the Rubicon 1. Donald J. Trump and the point of no return. 3 words, “Strategic Bitcoin Stockpile”. It was theorized by many Bitcoiners for years, some would even say dreamed of, and it happened just last week. Fair to say that Bitcoin has indeed crossed some sort…
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How can SMEs make the most of LLMs?
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Businesses of all sizes have not been able to escape the incredible impact that artificial intelligence has had on the ways we conduct business in recent times. From large corporations to SMEs, organizations are becoming faster, more agile, and more powerful as we outsource administrative and repetitive tasks to our…
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BOJ says wages could come in hotter than expected in latest quarterly outlook report
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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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Ethereum Seeing High Exchange Outflows, But Watch Out For This Bearish Signal
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On-chain data shows that Ethereum has been experiencing high exchange outflows recently, but the development related to Tether (USDT) could be a bearish headwind for the market. Both Ethereum and Tether have seen withdrawals from exchanges recently. As on-chain analytics firm Santiment explains in a new report, mail In X,…
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Ethereum Seeing High Exchange Outflows, But Watch Out For This Bearish Signal
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On-chain data shows that Ethereum has been experiencing high exchange outflows recently, but the development related to Tether (USDT) could be a bearish headwind for the market. Both Ethereum and Tether have seen withdrawals from exchanges recently. As on-chain analytics firm Santiment explains in a new report, mail In X,…
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Senate Democrats tee up vote on child tax credit in election-year pitch to families
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Kevin Freaking Published on August 1, 2024 • Read for 4 minutes You can save this article by registering for free here. Or log in if you have an account. FILE – Senate Majority Leader Chuck Schumer, D-N.Y., delivers remarks…
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UBS upgrades China stocks to “most preferred” in Asia By Investing.com
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UBS said Chinese stocks were its top pick in Asia, with the firm forecasting strong single-digit returns by the end of 2024 on the back of improved earnings outlook and more policy support. UPS said China’s major internet companies are set to post stronger earnings, especially major e-commerce companies like…
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Polyhedra Network launches Proof Cloud in open beta
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Polyhedra Network announced the launch of the open beta version of Proof Cloud at Google ZK Summit. Proof Cloud is designed to make ZK proofs more accessible in both Web 2 and Web 3 environments. Backed by Google Cloud, Polygon (MATIC), Linea, and Lita, Proof Cloud aims to meet the…
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Shekel weakens following Haniyeh, Shukr killings
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The shekel has weakened significantly this morning, following the killing of Hezbollah commander Fuad Shukr in an Israeli airstrike in Beirut last night, and the killing of Hamas political leader Ismail Haniyeh in Tehran in the early hours of this morning, about which Israel has remained silent. The assassination of…
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Fed Kept Its Interest Rates Steady But Strongly Hinted At A September Rate Cut
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As expected, the US Federal Reserve kept its target interest rate range at a 23-year high of 5.25%-5.50% in July. The Federal Reserve Bank indicated in its statement the following: Job gains “It has been modified,” a change from the previous statement that said it “remains strong.” the Unemployment rate…