Author: Investor Empires
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Chinese Carmakers Try to Win Over British Racing Fans
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Breadcrumbs Path Links PMN Business Every summer, more than 200,000 car enthusiasts make the pilgrimage to Britain’s Goodwood Festival of Speed near the south coast to watch fast cars roar through clouds of smoke. Article author: Bloomberg News Jimmy Nemo Published on July 11, 2024 • Read for 3 minutes…
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TA of the Day: Will USD/JPY Bounce After Sharp Sell-Off?
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There was a significant decrease in USD/JPY Today after the release of weaker-than-expected US CPI data Will USD/JPY bounce back after this sharp sell-off? you welcome in Teaching Assistant for Today (Tauted)! Here is the 4-hour chart: USD/JPY 24/7 Chart by TradingView Using the technical analysis concepts we covered in…
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Germany’s BTC selling nears an end with only 4,925 Bitcoin left to transfer
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German authorities sold 10,567 bitcoins worth $600 million today, contributing significantly to the 18% drop in bitcoin price over the past month, along with sell-offs from Mt. Gox and Genesis Trading. As of 1:00 p.m. ET on Thursday, July 11, wallets linked to German authorities held 4,925 BTC remaining, currently…
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Germany’s BTC selling nears an end with only 4,925 Bitcoin left to transfer
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German authorities sold 10,567 bitcoins worth $600 million today, contributing significantly to the 18% drop in bitcoin price over the past month, along with sell-offs from Mt. Gox and Genesis Trading. As of 1:00 p.m. ET on Thursday, July 11, wallets linked to German authorities held 4,925 BTC remaining, currently…
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Israeli unmanned sub seen deployed against Iran
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Israel is investing in developing underwater weapons to counter Iran, such as the ZM (Military ZoneAccording to the report, some of the systems are operational, others are undergoing testing, and among the most prominent elements is the BlueWhale unmanned submarine from Israel Aerospace Industries (IAI). The ship was developed by…
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NATO allies are discussing reclaiming some Chinese-owned infrastructure in Europe
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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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MicroStrategy (MSTR) Pops 3% After Saylor Announces 10 For 1 Stock Split
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Shares of Bitcoin developer MicroStrategy rose 3% on Thursday after the company’s CEO, Michael Saylor, announced that it will soon undergo a 10-for-1 stock split. This move will make it much easier for smaller investors to gain minimal exposure to MSTR, which left them in the dust during its early-year…
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MicroStrategy (MSTR) Pops 3% After Saylor Announces 10 For 1 Stock Split
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Shares of Bitcoin developer MicroStrategy rose 3% on Thursday after the company’s CEO, Michael Saylor, announced that it will soon undergo a 10-for-1 stock split. This move will make it much easier for smaller investors to gain minimal exposure to MSTR, which left them in the dust during its early-year…
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Sintx Technologies halts at-the-market stock offering By Investing.com
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Sintx Technologies, Inc. (NASDAQ: ), a surgical and medical instrument company, announced the termination of its offering of common stock effective March 22, 2024. The company previously entered into a stock distribution agreement with Maxim Group LLC in February 2021, which was amended in January and October 2023, allowing for…
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Culper Research calls out Iris Energy’s misrepresentations and overvaluation By Investing.com
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Investing.com – In a research note on Thursday, Culper Research weighed in on Iris Energy Inc. Technologies Inc. (NASDAQ: INK), a company originally focused on Bitcoin mining, has now announced that it has rebranded as a high-performance computing (HPC) data center. Kolber’s analysis suggests that this strategic shift is more…
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Bitcoin Education Initiative: Santa Monica Launches Office To Enlighten Residents On BTC
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like Bitcoin As digital assets become more widely adopted, many countries are looking to create strategic initiatives that will provide knowledge and understanding regarding the nature of digital assets. One of the latest countries to join the fray is the US coastal city of Santa Monica. Santa Monica Takes the…
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Stock Rotation Hits Megacaps on Bets Fed Will Cut: Markets Wrap
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(Bloomberg) — Wall Street traders betting the Federal Reserve will be able to cut rates soon sent bond yields tumbling — while driving a big rotation out of the tech megacaps that have powered the bull market in stocks. Most Read from Bloomberg Further signs that inflation is slowing down…
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UBS optimistic on British pound, sets EUR/GBP target at 0.8400 By Investing.com
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UBS has expressed a bullish outlook for the pound, citing recent comments from new UK Chancellor Rachel Reeves on the government’s growth agenda. Reeves stressed the limited scope of government spending, indicating that the administration will focus on supply-side reforms to stimulate investment and growth. UBS noted that despite similar…
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Merchant Loyalty Competitive Advantage – Reimagined Through Bitcoin
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Loyalty business on Fiat Standard I’ve been at Mastercard for the past 10 years, in the San Francisco office, building card-linked offers solutions to drive merchant loyalty. It’s a great business, where cardholders receive merchant offers through their bank, giving them a discount if they make a qualifying spend at…
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Marathon Oil reaches $241M settlement over North Dakota environmental violations
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sharply_done/E+ via Getty Images The Biden administration said on Thursday that it $241.5 million settlement reached With Marathon Oil (New York:MRO) regarding alleged air quality violations at the company’s operations on the Fort Berthold Indian Reservation in North Dakota. US Environmental Protection Agency and Department of Justice He said the…
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What would increase the bearishness in the Nasdaq today and going forward?
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The Nasdaq Composite Index fell -408 points at one point in today’s trading. It is now down -334 points or -1.80%. This is its worst decline since April 30 when the index fell -2.04%. What did the pullback do technically? The Nasdaq index retreated from the 38.2% decline. The Nasdaq…
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Did They Save The Bitcoin Market?
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Bitcoin is trading sideways at the time of writing, absorbing last week’s sell-off. While there are some optimists, the candlestick pattern on the daily chart is pointing to weakness. This outlook, at least from a technical perspective, remains valid as long as prices continue to trend below the $60,000 round…
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Texas chip brand hit with lawsuit after the death of a child in Massachusetts
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A lawsuit was filed Thursday in the case of a Massachusetts teen who died after participating in the spicy tortilla chip challenge on social media. Harris Woolopah, a 10th grader from Worcester, died on September 1, 2023, after eating Paki chips as part of the manufacturer’s “One Chip Challenge”. A…
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Tesla delays robotaxi launch to October from August, Bloomberg News reports By Reuters
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Tesla Inc. has delayed the launch of a robotaxi by about two months until October after the design team was asked to redesign some elements of the vehicle, Bloomberg News reported on Thursday, citing people familiar with the decision. Shares of Tesla (NASDAQ:TSLA), which is betting on self-driving vehicles over…
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Exciting Token Launches To Watch In 2024: Reshaping The Crypto Landscape
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The cryptocurrency ecosystem is in a perpetual state of evolution, with innovative projects constantly emerging to push the boundaries of what’s possible in the digital asset space. As we approach 2024, a new wave of highly anticipated token launches is set to captivate the attention of crypto enthusiasts and investors…