Author: Investor Empires
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Intuit shares slip as company plans to lay off 10% of global workforce By Investing.com
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(Updated – July 10, 2024 at 9:15 AM EST) gut instinct Nasdaq Inc. (NASDAQ:NASDAQ) plans to lay off about 1,800 employees worldwide, or 10% of its workforce, according to a news release Wednesday. The move is not intended to cut costs, according to the announcement. The company’s shares fell 1.8%…
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CIBC boosts gold price forecasts. Says Trump Presidency would be more-bullish for bullion
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Amnesty International Image In a report released late yesterday, CIBC raised its gold price forecasts significantly, predicting a more bullish outlook for bullion, especially in the event of a Trump presidency. Main points: gold: 2024The new forecast is $2,290 per ounce, up from $2,100 per ounce previously. 2025The new forecast…
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Invesco Charge 0.25% While VanEck Charge 0.20%
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In a recent filing with the U.S. Securities and Exchange Commission (SEC), Invesco Invesco has revealed the management fees for its Ether exchange-traded fund. The fund, which is being developed in partnership with Galaxy Digital, will charge investors an annual fee of 0.25%. This fee structure puts Invesco’s offering slightly…
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Manchester United reports Q3 results, lifts 2024 revenue guidance By Investing.com
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Manchester United (NYSE:) raised its guidance for the full fiscal year 2024 after reporting third-quarter earnings results on Wednesday. The club’s shares were trading slightly lower in pre-market trading. For the full year, the club now expects revenue of £660m, up from a previous forecast range of between £635m and…
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Analyst gives bullish Floki forecast, predicts $0.34 in 2024
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Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. Floki shares are on a massive rise this year with analysts predicting another 2x gain in 2024, while PlayDoge raised $5.5 million in its presale, showing potential for significant growth.…
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Analyst gives bullish Floki forecast, predicts $0.34 in 2024
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Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. Floki shares are on a massive rise this year with analysts predicting another 2x gain in 2024, while PlayDoge raised $5.5 million in its presale, showing potential for significant growth.…
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Diversified Energy to buy east Texas natural gas assets in $106M deal (NYSE:DEC)
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sasacvetkovic33/E+ via Getty Images Diversified Energy (OTCQX:DEC) announced Wednesday that it has agreed to acquire East Texas natural gas properties and related facilities from Crescent Pass Energy in an all-stock transaction valued at approximately $106 million. Diversified Energy (OTCQX:DEC) said the assets include 827 net PDP units. The wells, which…
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Exclusive-Bank of Israel waiting for digital euro ahead of digital shekel launch By Reuters
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By Stephen Sher JERUSALEM (Reuters) – The Bank of Israel remains committed to its plans to issue a digital currency to improve Israel’s payments system and boost innovation, but it is unlikely to launch it before other advanced economies. “We are all waiting for the first Western central bank to…
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Europe faces a summer of diaper and tampon shortages as new EU deforestation laws threaten to disrupt the $3.5 billion industry
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U.S. papermakers have warned the European Union that a new law requiring them to trace wood to its origins threatens to disrupt $3.5 billion in trade and raise prices for diapers, sanitary pads and other hygiene products. It would be impossible to comply with the suspension. EU Deforestation Regulation Because…
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AUDUSD Technical Analysis – The price consolidates after the breakout
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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. We will…
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Uniswap Challenges SEC Over Crypto Exchange Definition
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Uniswap Labs is challenging proposed rulemaking efforts by the U.S. Securities and Exchange Commission (SEC) that would expand the definition of a cryptocurrency “exchange” under U.S. securities laws to include decentralized finance (DeFi) platforms. The challenge is framed in a letter to the SEC, backed by recent Supreme Court decisions…
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Global report blames limited financing for Kenyan start-up woes
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Limited access to finance, as well as inadequate infrastructure, are among the key factors holding back Kenya’s startup ecosystem, a new survey has found. The latest Global Startup Ecosystem Index 2024 report published by industry think tank StartupBlink indicates that most startups in Kenya also cited lack of mentorship as…
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Microsoft to relinquish its observer seat on OpenAI board
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Microsoft (NASDAQ:) has announced that it will give up its observer seat on OpenAI’s board of directors amid growing regulatory scrutiny of generative artificial intelligence in Europe and the United States, according to CNBC. Keith Dolliver, Microsoft’s deputy general counsel, wrote to OpenAI on Tuesday, explaining that while the observer…
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8 Reasons Why The Bitcoin Bear Phase Is Just A ‘Boogeyman’
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While Bitcoin has yet to reclaim the crucial $60,000 level to re-enter its previous 4-month trading range, Ikigai Asset Management’s chief investment officer, Travis Kling, believes the current bearish phase is nothing more than “scary.” Via X, Kling amphitheater Eight Reasons to Be Bullish on Bitcoin “I’m often wrong,” he…
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8 Reasons Why The Bitcoin Bear Phase Is Just A ‘Boogeyman’
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While Bitcoin has yet to reclaim the crucial $60,000 level to re-enter its previous 4-month trading range, Ikigai Asset Management’s chief investment officer, Travis Kling, believes the current bearish phase is nothing more than “scary.” Via X, Kling amphitheater Eight Reasons to Be Bullish on Bitcoin “I’m often wrong,” he…
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Labour to attract global investors at early October summit
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Sir Keir Starmer is due to present Labour’s investment agenda to global financial leaders at a conference in early October, aiming to attract tens of billions of dollars in foreign capital. The summit, scheduled for around October 8, is in line with Labour’s pledge to host the event within 100…
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Fed Head Powell’s Testimony Kept September Cut on the Table As Labor Market Cools
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Federal Reserve Chairman Jerome Powell was the center of attention in his testimony before the Senate Banking Committee, where he suggested that waiting too long to cut interest rates could risk harming the U.S. labor market. Although he declined to offer any explicit guidance on easing, Powell acknowledged that business…
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German Government Continue Bitcoin Sell-Off, Sparking Market Volatality Bitcoin Trading At $58K
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In a move that has shocked the cryptocurrency market, the German government has continued to sell off its Bitcoin (BTC) holdings over the past few weeks. This massive liquidation, worth nearly $1 billion worth of Bitcoin, has put significant selling pressure on the world’s largest digital asset, contributing to a…