Author: Investor Empires
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Analysis-Drug giants eye China for deals despite growing Sino-US tensions By Reuters
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By Andrew Silver and Ken Wu SHANGHAI/HONG KONG (Reuters) – Some of the world’s biggest drugmakers, undeterred by growing tensions between China and the United States, are looking for deals in China to revamp their drug pipelines and boost their presence in the world’s second-largest pharmaceutical market, industry executives and…
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Compute Maximalism: The Symbiosis Between Bitcoin Mining and AI
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The story of human progress can be simplified into the story of increasing energy utilization. We harness energy to create order, both in terms of biology and society. Energy surpluses allow for every form of wealth creation, which in turn produce new technologies to effectively harness yet more energy. This…
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Compute Maximalism: The Symbiosis Between Bitcoin Mining and AI
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The story of human progress can be simplified into the story of increasing energy utilization. We harness energy to create order, both in terms of biology and society. Energy surpluses allow for every form of wealth creation, which in turn produce new technologies to effectively harness yet more energy. This…
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Elon Musk is backing Trump, but Democrats won’t quit X
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A week after Elon Musk endorsed Donald Trump for president, President Joe Biden’s team used Musk’s social media platform X — as well as more neutral spaces like Facebook and Instagram — to announce its endorsement. End his re-election campaign. It’s a testament to how entrenched the platform is among…
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The AUD and the easing from China – given more a nudge lower
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The Australian and New Zealand dollars were weaker. The People’s Bank of China’s monetary easing measures yesterday did not help either. The People’s Bank of China summary is here in case you missed it: NAB Bank comments via Reuters report: “For the Australian and New Zealand dollars, they tend to…
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Which Digital Asset Led the Charge?
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The global cryptocurrency investment market has seen a huge influx of capital, with recent reports indicating a continued positive trend in inflows. According to the latest Data From CoinShares, digital asset investment products saw an additional net inflow of $1.35 billion last week. This latest infusion of funds brings the…
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Which Digital Asset Led the Charge?
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The global cryptocurrency investment market has seen a huge influx of capital, with recent reports indicating a continued positive trend in inflows. According to the latest Data From CoinShares, digital asset investment products saw an additional net inflow of $1.35 billion last week. This latest infusion of funds brings the…
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Unit trusts pile into bank deposits on higher rates
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Collective investment schemes tripled their share of assets under management in the form of cash and demand deposits to Sh35.3 billion in the 12 months to March 2024, chasing high interest rates on deposits offered by liquidity-starved banks. New data on investment fund assets released by the Capital Markets Authority…
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Deutsche Bank expect further losses still to come for large cap tech stocks
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Via CNBC, here are Deutsche Bank’s thoughts on the additional losses that still lie ahead for large-cap tech stocks: The shift from big tech to small cap companies that has occurred will be more than just a short-term glitch. The market still has a lot of optimism in mind about…
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What Is VeChain? All You Need To Know About VET And VeChain
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In recent years, the intersection of blockchain technology with supply chain management has given rise to innovative solutions aimed at enhancing transparency, efficiency, and traceability. At the forefront of this revolution stands the VeChain blockchain, a platform that leverages the power of the Internet of Things (IoT) and smart contracts…
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Farnborough Airshow explodes with £39.3bn in deals on opening day
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The Farnborough International Airshow kicked off with a bang today, with a staggering £39.3 billion ($51 billion) worth of deals announced on its opening day. This impressive figure underlines the event’s status as the pinnacle of the global aviation industry and highlights the resilience and innovation of the UK aviation…
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Porsche lowers 2024 outlook, warns of impairments on alloy shortage By Reuters
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(Reuters) – Porsche AG on Tuesday cut its sales forecast for this year and warned of weaker production due to a shortage of aluminium alloys affecting several suppliers. The carmaker said it now expects sales of between 39 billion and 40 billion euros ($43.56 billion) amid flooding at one of…
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Porsche lowers 2024 outlook, warns of impairments on alloy shortage By Reuters
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(Reuters) – Porsche AG on Tuesday cut its sales forecast for this year and warned of weaker production due to a shortage of aluminium alloys affecting several suppliers. The carmaker said it now expects sales of between 39 billion and 40 billion euros ($43.56 billion) amid flooding at one of…
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Is the Eth ETF launch a “sell the news” scenario?
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Spot Ethereum ETFs are set to launch on July 23, following a rule change passed by the Securities and Exchange Commission more than two months ago. according to a report According to Kaiko, the initial inflows into exchange-traded funds (ETFs) are likely to impact the price of Ethereum (ETH). However,…
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Is the Eth ETF launch a “sell the news” scenario?
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Spot Ethereum ETFs are set to launch on July 23, following a rule change passed by the Securities and Exchange Commission more than two months ago. according to a report According to Kaiko, the initial inflows into exchange-traded funds (ETFs) are likely to impact the price of Ethereum (ETH). However,…
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GURU Organic Energy Welcomes Three New Board Members
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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published Jul 22, 2024 • 6 minute…
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TA of the Day: EUR/JPY Near Major Support. Will the Bullish Trend Hold?
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The EUR/JPY The currency pair, which has been one of the best performing pairs for bulls since the beginning of the year, is now facing a major challenge. ? With the price approaching the edge of an important dynamic support level, the question now is: will the bulls continue their…
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WazirX Moves To Recover $150 Million In Shiba Inu, Ethereum And Others With Bounty Program
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after hack attack resulting in the theft of millions of dollars Shiba Inu (SHIB), Ethereum (ETH) WazirX has launched an official bounty program for the recovery of stolen assets. The prominent Indian exchange has promised to reward anyone who helps in recovering stolen assets. WazirX Announces Asset Recovery Bounty Program…
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WazirX Moves To Recover $150 Million In Shiba Inu, Ethereum And Others With Bounty Program
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after hack attack resulting in the theft of millions of dollars Shiba Inu (SHIB), Ethereum (ETH) WazirX has launched an official bounty program for the recovery of stolen assets. The prominent Indian exchange has promised to reward anyone who helps in recovering stolen assets. WazirX Announces Asset Recovery Bounty Program…
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Discount Investment sells control of Elron Ventures
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Israeli holding company Discount Investment Company Limited (level:completelyThe Tel Aviv Stock Exchange (TASE) has notified that it has signed an agreement to sell its 59.1% stake in its technology investment arm Elron Projects (TASE: ELRN) for $53.2 million. The sale was to a relatively unknown family office called Ariel EL…