Author: Investor Empires
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Asia FX muted as dollar perseveres; yen on intervention watch By Investing.com
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Most Asian currencies moved in a flat-to-low range on Tuesday as speculation about a Donald Trump presidency helped lift the dollar, outweighing growing bets on interest rate cuts. The Japanese yen underperformed its peers, pressured by a stronger dollar, prompting continued warnings from authorities about intervening in the currency market.…
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Bitfinex expects news-driven Bitcoin gains, but warns of potential selling pressure
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The start of the week saw Bitcoin rise above $63,000, but analysts at Bitfinex warn that the market could face a correction as the week progresses. Bitcoin has gained 5% in the past 24 hours and 13% over the past week. The gains came amid a combination of factors including…
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Watch These Berkshire Hathaway Price Levels After Stock Closes at Record High
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Source: TradingView.com Main Takeaways Berkshire Hathaway Inc. shares closed at a record high on Monday, boosted by gains in some of the company’s key holdings. The stock broke through a symmetrical triangle, a chart pattern that indicates a continuation of the current uptrend. The measuring principle projects a near-term price…
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Asian stocks drift higher as rate cut bets grow; China lags By Investing.com
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Most Asian stocks rose on Tuesday, tracking gains on Wall Street amid growing expectations of an interest rate cut in September, while Chinese markets lagged on concerns about a slowing economy and headwinds from U.S. politics. Regional markets took positive cues from a strong close on Wall Street, after dovish…
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This Is The Latest Ethereum Layer 2 Protocol to Surpass the $1 Billion TVL Mark
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Scroll, a ZK rollup layer 2 network, has surged 23% in value over the past seven days to a total value of $1.03 billion, according to data from L2Beat. Meanwhile, the total value locked across all Ethereum 2 layers increased by 12.04% over the past week to $42.04 billion. Scroll…
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This Is The Latest Ethereum Layer 2 Protocol to Surpass the $1 Billion TVL Mark
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Scroll, a ZK rollup layer 2 network, has surged 23% in value over the past seven days to a total value of $1.03 billion, according to data from L2Beat. Meanwhile, the total value locked across all Ethereum 2 layers increased by 12.04% over the past week to $42.04 billion. Scroll…
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Elon Musk said to commit around $45M per month to pro-Trump Super PAC: reports
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Abu Gomez/Getty Images News Elon Musk, the tech company’s CEO, plans to contribute about $45 million a month to a super PAC that backs President Trump, the Wall Street Journal reported, citing people familiar with the matter. Musk, who leads Tesla (NASDAQ: Tesla), SpaceX (space), xAI and X, are backing…
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Daily Broad Market Recap – July 15, 2024
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Markets began the week pricing in an assassination attempt on Trump over the weekend, but price action quickly took cues from speculation of a Fed rate cut. Which assets benefited from the momentum, and which assets saw losses today? We have a summary for you! headlines: BusinessNZ Services Index in…
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Michael Saylor Says Crypto Is The ‘Bridge From Chaos To Hope’
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Bitcoin has surpassed $60,000, sparking renewed interest and speculation among Bitcoin enthusiasts. In this context, MicroStrategy CEO and co-founder Michael Saylor pointed out something of universal relevance: “Bitcoin is “A bridge from chaos to hope.” The fact that Sailor tweeted like this shows how seriously he takes the possibility. Bitcoin…
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Michael Saylor Says Crypto Is The ‘Bridge From Chaos To Hope’
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Bitcoin has surpassed $60,000, sparking renewed interest and speculation among Bitcoin enthusiasts. In this context, MicroStrategy CEO and co-founder Michael Saylor pointed out something of universal relevance: “Bitcoin is “A bridge from chaos to hope.” The fact that Sailor tweeted like this shows how seriously he takes the possibility. Bitcoin…
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Elon Musk is donating millions to Trump-supporting PAC
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Tesla CEO Elon Musk has donated $45 million to a super PAC dedicated to re-electing former President Donald Trump, a remarkable shift in the political landscape by the world’s richest person. According to a Wall Street Journal a reportCiting people familiar with the matter. Just days before his public endorsement…
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US data focus for Tuesday – June 2024 retail sales – the range of expectations to watch
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On Tuesday at 12:30 GMT, or 08:30 EST, we will get retail sales for June 2024. Consensus forecasts are shown in the table below. This image is taken from ForexLive’s economic data calendar, You can access it here.. As for the ranges, for monthly retail sales: Data results that fall…
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Bitcoin 2024 to Host ‘Bitcoin Propaganda Track’ In $5,000 Winner Take All Challenge
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Bitcoin 2024The world’s largest Bitcoin conference will feature a new creative competition at this year’s event, designed to mobilize and inspire a wider audience around Bitcoin: the Bitcoin Hype Track. The Bitcoin Propaganda Track competition invites content creators to submit original videos and memes that uniquely showcase Bitcoin and the…
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April phone, laptop imports hit Sh4.9bn
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Kenyans imported a record Sh4.9 billion worth of telecom equipment in April this year, the highest ever in a single month since the Kenya National Bureau of Statistics (KNBS) began recording data on this category of shipments in January 2017. The value of shipments in April 2024 represents a 58…
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April phone, laptop imports hit Sh4.9bn
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Kenyans imported a record Sh4.9 billion worth of telecom equipment in April this year, the highest ever in a single month since the Kenya National Bureau of Statistics (KNBS) began recording data on this category of shipments in January 2017. The value of shipments in April 2024 represents a 58…
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Wall Street dives into Dollar General’s outlook By Investing.com
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About the company Dollar General Corporation (NYSE:), a leader in the U.S. discount retail sector, continues to operate in a complex market environment. Its extensive network of more than 14,000 stores offers a broad range of products, including consumer goods, seasonal items, home products and apparel. With CEO Todd Vasos…
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Expert Sees SOL Reaching 50% Of ETH’s Market Cap This Cycle
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Solana (SOL), the fifth-largest cryptocurrency in the industry, saw a notable recovery over the weekend, in line with the broader market rally and the price of Bitcoin (BTC). Rebound towards $63,000 level Mark for the first time in over a week. SOL price has managed to recover from the losses…
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Expert Sees SOL Reaching 50% Of ETH’s Market Cap This Cycle
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Solana (SOL), the fifth-largest cryptocurrency in the industry, saw a notable recovery over the weekend, in line with the broader market rally and the price of Bitcoin (BTC). Rebound towards $63,000 level Mark for the first time in over a week. SOL price has managed to recover from the losses…
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A potential disaster for climate and US-UK relations
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The announcement that J.D. Vance has been selected as Donald Trump’s running mate in the 2024 presidential election isn’t just another headline — it’s a potential turning point with far-reaching implications for both America and the world. JD Vance’s strong support for the oil and gas industry and his outright…
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WSJ: China’s Economy Is in Trouble – Xi Jinping leaving long-running problems to fester
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The Wall Street Journal is closed but if you can get through it you will find that it paints a bleak picture of the Chinese economy: Growth is slowing and becoming increasingly unbalanced, supported by exports and a surge in factory investment, while much of the rest of the economy…