Author: Investor Empires
-
Key events and releases for traders in the upcoming trading week
•
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…
-
Very Few Bitcoin Mining Machines Profitable Below $56,000: F2Pool Data
•
On July 5, Bitcoin fell below $54,000, losing more than 6% in the past 24 hours due to growing bearish pressure. The market’s decline intensified after Mt. Gox, an early cryptocurrency exchange that went bankrupt more than a decade ago, began repaying its customers after a lengthy bankruptcy process. The…
-
Very Few Bitcoin Mining Machines Profitable Below $56,000: F2Pool Data
•
On July 5, Bitcoin fell below $54,000, losing more than 6% in the past 24 hours due to growing bearish pressure. The market’s decline intensified after Mt. Gox, an early cryptocurrency exchange that went bankrupt more than a decade ago, began repaying its customers after a lengthy bankruptcy process. The…
-
Nvidia AI chips are a ‘huge bottleneck’ but that doesn’t mean regulatory action, EU says
•
Margrethe Vestager, head of the European Union’s competition commission, has warned of a “massive bottleneck” in Nvidia Corporation AI chips are among the available supplies, but regulators are still deciding whether there’s anything to do about it. “We have asked them questions, but these are just preliminary questions,” she told…
-
Talen asks US regulators to reject challenge to Amazon data center deal By Reuters
•
Written by Leila Kearney NEW YORK (Reuters) – Talen Energy Inc. has asked U.S. regulators to dismiss a challenge to its recent data center deal with Amazon.com Inc. that is being challenged by a group of electric utility companies that say the deal could raise consumers’ electricity bills, according to…
-
Shiba Inu: Shytoshi Makes Public Debut
•
Chitoshi Kusama, the mysterious lead developer behind the Shiba Inu cryptocurrency project, made his first public appearance today at the Infinity Venture Summit (IVS) 2024 conference in Kyoto. The venue, packed with Web3 enthusiasts and developers, served as the backdrop for what many expected to be a revealing moment. However,…
-
Shiba Inu: Shytoshi Makes Public Debut
•
Chitoshi Kusama, the mysterious lead developer behind the Shiba Inu cryptocurrency project, made his first public appearance today at the Infinity Venture Summit (IVS) 2024 conference in Kyoto. The venue, packed with Web3 enthusiasts and developers, served as the backdrop for what many expected to be a revealing moment. However,…
-
President Ruto announces Sh177bn budget cuts
•
President William Ruto has announced Sh177 billion in spending cuts and Sh169 billion in additional borrowing to plug the budget gap left after the withdrawal of the 2024 Finance Bill. President Ruto said in a live address from State House that the government would present a proposal to the National…
-
Forexlive Americas FX news wrap 5 Jul: NFP for June sent the USD lower/yields tumbling
•
The U.S. jobs report showed nonfarm payrolls rose by 206,000 jobs, beating expectations and up from 190,000 previously estimated. However, the details of the report were less than impressive. The revision for the previous two months was -111K. This more than offsets the above-expected growth this month. The unemployment rate…
-
The Federal Reserve, Custodia Bank, and the Battle over Sovereignty
•
Introduction As it moves into the active appeal stage at the Tenth Circuit, the ongoing legal battle between Custodia Bank and the Federal Reserve has garnered significant attention, especially given the involvement of various amicus briefs. A total of seven briefs were filed on July 3rd, the last day for…
-
Jonathan Reynolds appointed as new business minister amid calls for SME support
•
Jonathan Reynolds has been appointed as the UK’s new Business Secretary following Labour’s general election victory. With Labour making ambitious pre-election promises to support small businesses, all eyes are now on Reynolds to deliver on those commitments and drive economic growth. This appointment comes amid growing expectations and aspirations from…
-
TD’s chief compliance officer departs amid US anti-money laundering probe By Reuters
•
TORONTO (Reuters) – TD Bank’s chief compliance officer has left the bank, according to an internal memo, as the Canadian lender faces U.S. regulators and the Justice Department in an investigation into its anti-money laundering program. Monica Kowal, who joined the bank in 2017, left the company this week and…
-
Restaurants Canada on LCBO Strike
•
Article Content statement TORONTO, July 5, 2024 (GLOBE NEWSWIRE) — Restaurants Canada is urging the Restaurants Canada Association, the government and the striking workers to continue negotiating to reach a quick resolution and end the labour dispute. The summer season is a critical time for restaurants and bars that rely…
-
NASDAQ closed at new record levels each day of this trading week
•
All three major indexes closed higher today. The Nasdaq closed higher for the fourth straight day. Each of those days marked a new record close. The S&P also rose for the fourth straight day, with three of those closings marking new record highs. A screenshot of the final levels shows:…
-
German Parliament Member Urges Government To Cease Selling Bitcoin
•
In a surprise move, Johanna Cottar, an independent member of the German parliament, has called on the country’s government to halt its ongoing sale of Bitcoin (BTC) holdings. Cottar’s emotional call comes amid a massive sell-off in the cryptocurrency market, which has seen the price of Bitcoin fall by 10%…
-
German Parliament Member Urges Government To Cease Selling Bitcoin
•
In a surprise move, Johanna Cottar, an independent member of the German parliament, has called on the country’s government to halt its ongoing sale of Bitcoin (BTC) holdings. Cottar’s emotional call comes amid a massive sell-off in the cryptocurrency market, which has seen the price of Bitcoin fall by 10%…
-
Weak shekel makes rate cut unlikely next week
•
The Monetary Committee of the Bank of Israel will announce its fifth interest rate decision this year on Monday. Since January, when the rate was cut by 0.25% to 4.5%, the Monetary Committee has refrained from implementing further cuts. Capital market sources and analysts currently believe that there will be…
-
Carlyle in talks to buy Baxter’s kidney care unit, source says By Reuters
•
(Reuters) – Private equity firm The Carlyle Group Baxter International Inc (NYSE:BAX) is in exclusive talks to buy kidney care company Vantiv for more than $4 billion, including debt, a person familiar with the matter told Reuters on Friday. Shares of the Deerfield, Illinois-based company rose more than 4%. The…