Author: Investor Empires
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Uniqlo owner lifts forecast again as weak yen powers sales from tourists By Reuters
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Written by Rocky Swift TOKYO (Reuters) – The Japanese operator of fashion giant Uniqlo on Thursday raised its forecast for what would be a third straight year of record profit, helped by strong sales at home and some overseas markets. The domestic market has been a bright spot for Fast…
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German Government’s Ongoing Bitcoin Liquidation: Insights And Implications
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In a notable development, the German government has been actively liquidating its large Bitcoin holdings over the past month. This strategic move has captured the attention of the cryptocurrency community, sparking debate and speculation about the government’s approach to crypto asset management. As details of these transactions emerge, it is…
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German Government’s Ongoing Bitcoin Liquidation: Insights And Implications
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In a notable development, the German government has been actively liquidating its large Bitcoin holdings over the past month. This strategic move has captured the attention of the cryptocurrency community, sparking debate and speculation about the government’s approach to crypto asset management. As details of these transactions emerge, it is…
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Biden administration to award $1.7B in grants to boost domestic EV production (NYSE:GM)
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The Biden administration plans to provide $1.7 billion to boost production of electric vehicles and their components in eight U.S. states. The U.S. Department of Energy has announced $1.7 billion in planned grants to support the conversion of 11 “at-risk” facilities to enable Producing one million electric cars annually. The…
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Dollar slips ahead of CPI release; pound gains after GDP strength By Investing.com
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Investing.com – The U.S. dollar was lower in early European trade on Thursday ahead of a key inflation report later in the session, while strong growth data boosted the British pound. At 04:00 ET (09:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies,…
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Bitcoin accumulation reaches 3-month high
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Bitcoin (BTC) accumulation phase appears to have started as BTC price has been hovering below $60k for a week. According to data provided by Glassnode, BTC’s accumulation trend has increased from 0.05 on June 1 to 0.44 as of July 10. This level has not been seen since April 11,…
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After a surge in pandemic profits, Rolex, Patek Philippe and Audemars Piguet face a significant downturn as sales slip—extending a two-year decline
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Prices of the most sought-after luxury watches on the secondary market fell again last month, extending a two-year decline as investors turned elsewhere after a pandemic-era rally failed. The Bloomberg Sabdial Watch Index, which tracks the 50 most-traded hours by value, fell less than 1% in June. It has fallen…
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RBNZ Announced “Dovish Hold” in Highlighting Weaker Domestic Inflation
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The Reserve Bank of New Zealand left interest rates unchanged at 5.50% for the eighth straight month in July, as expected. Their official statement indicated that their restrictive monetary policy had succeeded in reducing price pressures enough to allow the committee to forecast a return to its annual inflation target…
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BTC Falls Back to $58K After Failing to Challenge $60K, STX Soars 14% Daily (Market Watch)
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Bitcoin’s rally towards $60,000 has stalled, and the asset is back just above $58,000 after a slight pullback the day before. Stacks emerged as the best performer among large-cap alternative stocks, up 14%. LDO followed, up 7% on the day. Bitcoin price stops at $59K That was less than a…
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BTC Falls Back to $58K After Failing to Challenge $60K, STX Soars 14% Daily (Market Watch)
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Bitcoin’s rally towards $60,000 has stalled, and the asset is back just above $58,000 after a slight pullback the day before. Stacks emerged as the best performer among large-cap alternative stocks, up 14%. LDO followed, up 7% on the day. Bitcoin price stops at $59K That was less than a…
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Staff allowed to choose working hours in new trial
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Hundreds of British workers will soon have greater flexibility over their hours as part of a new pilot project to drive a formal four-day working week. This six-month project, which builds on the initial 2022 pilot, will explore different flexible working models, including flexible start and finish times, nine-day work…
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USDJPY Technical Analysis – The bullish bias remains intact
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Basic Overview The US dollar fell broadly last Friday after the release of the weak US non-farm payrolls report. The data showed further slowdown in the labor market with the unemployment rate rising and wage growth declining. Basically we have an economy that is slowing but still growing. The market…
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Shiba Inu Whales Make Large Withdrawals: SHIB Rally Soon?
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On-chain data shows that Shiba Inu whales have been making significant outflows from exchanges recently, which could be a bullish sign for the Shiba Inu price. Large Shiba Inu exchange wallets have recently lost their supply In new mail In X, on-chain analytics firm Santiment discussed the trend that is…
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Stock market today: Asian shares zoom higher, with Nikkei over 42,000 after Wall St sets new records
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Breadcrumbs Path Links PMN Business Article author: Associated Press Ellen Kurtenbach Published on July 11, 2024 • Read for 3 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content Asian stocks advanced on Thursday after a big rally…
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BHP to suspend Western Australia nickel operations By Reuters
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MELBOURNE (Reuters) – Australian miner BHP Group said on Thursday it would temporarily suspend operations at its Nickel West and West Musgrave projects from October as it grapples with a sharp drop in metals prices and oversupply in the global market. The world’s largest listed miner is set to review…
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More Samourai Devices Seized: Bitcoin Privacy Activist Appears In Court Ahead of Bail Release
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Today marked the first public hearing of the court at the US Department of Justice. Case Against Samurai Wallet Developers William Lonergan Hill and Keyon Rodriguez since May 28, 2024, when Rodriguez appeared in court for the first hearing in the case. I attended the hearing of William Lonergan Hill…
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More Samourai Devices Seized: Bitcoin Privacy Activist Appears In Court Ahead of Bail Release
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Today marked the first public hearing of the court at the US Department of Justice. Case Against Samurai Wallet Developers William Lonergan Hill and Keyon Rodriguez since May 28, 2024, when Rodriguez appeared in court for the first hearing in the case. I attended the hearing of William Lonergan Hill…
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Investors returning to Israel’s housing market
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May 2024 saw the highest number of home purchases by investors since the purchase tax for owners of multiple residences (two or more homes) was raised. For the first time since 2022, investors are buying more homes than they are selling, according to a survey of residential real estate activity…
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Asia FX rises as dollar loses ground before CPI report By Investing.com
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Most Asian currencies rose on Thursday as the dollar weakened after comments from Federal Reserve Chairman Jerome Powell raised optimism about interest rate cuts, putting upcoming inflation data in focus. Regional currencies regained some ground against the dollar as traders largely stuck to their bets on a Federal Reserve rate…
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German Government Unloads 80% Of Bitcoin Holdings, Leaving Only $890M Behind
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In recent weeks, German authorities have stepped up their measures. sale Large amounts of Bitcoin (BTC) have fallen, adding to selling pressure on the world’s largest cryptocurrency, which has fallen more than 20% in the past month. Bitcoin reserves are about to run out The selloff began last month when…