Author: Investor Empires
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Traders pause for breath after Wall Street wipeout. What’s next?
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nopparit/E+ via Getty Images Stocks keep going up, until they don’t. The Nasdaq (Compound: Indian) suffered its worst day of 2024 on Wednesday, with the technology-based index falling. Slippage more than 3% For the first time in over 400 trading days. That has wiped hundreds of billions of dollars in…
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Ford stock dives 13% after larger-than-expected Q2 loss, warranty burden By Investing.com
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Ford Motor Company (NYSE: NYSE:) reported a big drop in second-quarter earnings, with adjusted earnings per share (EPS) of $0.47, missing analysts’ estimates of $0.68. The company’s fourth-quarter revenue was $47.8 billion, slightly below the consensus estimate of $48.09 billion. Second-quarter earnings before interest and taxes were $2.8 billion, also…
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Bitcoin Takes Over Las Vegas Sphere: 1st Crypto Displayed
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Bitcoin (BTC), the largest cryptocurrency by market cap, took over the Las Vegas arena over the weekend. The leading cryptocurrency was showcased on the world’s largest LED screen as part of Crypto.com’s anniversary celebrations. Despite the excitement, discussion has been rife about Dogwifhat’s campaign to bring memecoin to the Las…
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Bitcoin Takes Over Las Vegas Sphere: 1st Crypto Displayed
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Bitcoin (BTC), the largest cryptocurrency by market cap, took over the Las Vegas arena over the weekend. The leading cryptocurrency was showcased on the world’s largest LED screen as part of Crypto.com’s anniversary celebrations. Despite the excitement, discussion has been rife about Dogwifhat’s campaign to bring memecoin to the Las…
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AirAsia’s Tony Fernandes wants Microsoft compensation for CrowdStrike outage
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On Friday, a flawed update from US cybersecurity firm CrowdStrike caused Windows computers around the world to crash, displaying the dreaded “blue screen of death.” The outage hit global airlines particularly hard, disrupting thousands of flights as staff scrambled to get systems up and running again. Some airlines, such as…
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India cenbank may prefer mild rupee weakness to correct overvaluation, BofA says By Reuters
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MUMBAI (Reuters) – The Reserve Bank of India may allow the rupee to weaken slightly to ease a slightly elevated real effective exchange rate and keep the South Asian currency “competitive”, Bank of America Securities said in a note on Thursday. This “supports the government’s ambitions to attract large-scale manufacturing…
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Ferrari To Accept Bitcoin and Crypto Payments In Europe
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Ferrari, a luxury sports car manufacturer announced that it will expand Ferrari has announced that it will be accepting payments in bitcoin and cryptocurrencies at its European dealerships starting this month. The move comes after Ferrari first began accepting bitcoin and cryptocurrency payments at its U.S. dealerships last year. Urgent:…
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Ferrari To Accept Bitcoin and Crypto Payments In Europe
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Ferrari, a luxury sports car manufacturer announced that it will expand Ferrari has announced that it will be accepting payments in bitcoin and cryptocurrencies at its European dealerships starting this month. The move comes after Ferrari first began accepting bitcoin and cryptocurrency payments at its U.S. dealerships last year. Urgent:…
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Rural electricity scheme losses up to Sh56 billion
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The Rural Electrification Scheme, a non-profit scheme set up by the government in 1973 to expand power access to the rural poor, has accumulated losses of Sh55.9 billion, threatening its sustainability. The plan, run by Kenya Power on behalf of the government, has projected a loss of Sh9.87 billion in…
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Chart Art: How Long Can Gold (XAU/USD) Go?
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Spot gold is approaching a key support area after seeing sharp declines since last week. How low can gold go before bulls rally again? Gold (XAU/USD) 4 hours Chart by TradingView Increased demand for the US dollar and concerns over China’s economic growth have contributed to a decline in gold…
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ETH Whale Activity 64% More Than BTC
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On-chain data shows that whale activity on the Ethereum blockchain has been extremely high recently due to the excitement around exchange-traded funds (ETFs). Ethereum whales show much higher activity than Bitcoin whales According to data from blockchain analytics firm saintEthereum whales have been showing a lot of activity lately. The…
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James Erskine, CEO of Rocket
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Specialists in connecting brands with young audiences. rocket A marketing and content company that helps brands and organizations better understand and engage young people, children and families. As a specialist in reaching this audience, they have now gained over 12 years of experience in the field. James takes some time…
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The risk mood begins to sour again on the day
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U.S. futures were largely steady in Asian trading, with S&P 500 futures up 0.2% at the time. This comes despite a heavy sell-off in the region, with the Nikkei closing down more than 3% and hitting its lowest close since late April. This continues to underscore that sentiment is extremely…
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Should We Expect A Spot XRP ETF In The United States?
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The cryptocurrency market has seen a major shift in recent years, with the introduction of exchange-traded funds (ETFs) for digital assets. The adoption of Bitcoin and Ethereum ETFs in the US has sparked speculation that other cryptocurrencies could follow suit, especially in light of the recent impact of the Bitcoin…
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Should We Expect A Spot XRP ETF In The United States?
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The cryptocurrency market has seen a major shift in recent years, with the introduction of exchange-traded funds (ETFs) for digital assets. The adoption of Bitcoin and Ethereum ETFs in the US has sparked speculation that other cryptocurrencies could follow suit, especially in light of the recent impact of the Bitcoin…
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Swiss private bank Julius Baer H1 profit drops 15% By Reuters
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ZURICH (Reuters) – Swiss private bank Julius Baer reported a 15 percent drop in profit in the first half of 2024 on Thursday, a turbulent period that saw its chief executive step down in the wake of the multi-million dollar Cigna debacle. The Zurich-based bank said adjusted net profit fell…
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Riot acquisition price of Block Mining is ‘justified,’ improves its hash rate
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Analysts from HC Wainwright claim that Riot’s acquisition of Block Mining is a great move for the company and its hash rate. Riot Platforms, Inc. has significantly enhanced its growth and operational capabilities with the acquisition of Kentucky-based Block Mining, Inc. for $92.5 million. The acquisition includes $18.5 million in…
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Riot acquisition price of Block Mining is ‘justified,’ improves its hash rate
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Analysts from HC Wainwright claim that Riot’s acquisition of Block Mining is a great move for the company and its hash rate. Riot Platforms, Inc. has significantly enhanced its growth and operational capabilities with the acquisition of Kentucky-based Block Mining, Inc. for $92.5 million. The acquisition includes $18.5 million in…
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Check Point becomes Israels most valuable company
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Wall Street investors have responded positively to the appointment of Nadav Zafrir as the new CEO of the veteran Israeli cybersecurity company. Wall Street investors responded positively to the appointment of Nadav Zafrir as the new CEO of Check Point Software Technologies Co., Ltd. (NASDAQ: CHKP), where the stock is…
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Asia FX muted as dollar dips ahead of econ. data; yen surges By Investing.com
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Most Asian currencies moved in a flat-to-low range on Thursday as a pullback in equity markets kept traders largely avoiding risk-based assets, while the dollar retreated ahead of key economic indicators in the coming days. The Japanese yen remained an exception, rising to its strongest level against the dollar in…