Author: Investor Empires
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Futures inch up in anticipation of economic data, Fed meeting minutes
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(Reuters) – U.S. stock index futures were slightly higher in pre-holiday trading on Wednesday as investors prepared for the jobs report among a series of economic data along with minutes from the Federal Reserve’s June policy meeting. The stock market is set to close early on Wednesday and remain closed…
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Daily Broad Market Recap – July 2, 2024
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Global assets were pricing in their individual headlines until the US session when high-profile calendar events influenced broader market themes. What are the headlines that moved the markets during the recent trading sessions? We have a breakdown for you: headlines: Minutes from the Reserve Bank of Australia’s June meeting highlighted…
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Daily Broad Market Recap – July 2, 2024
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Global assets were pricing in their individual headlines until the US session when high-profile calendar events influenced broader market themes. What are the headlines that moved the markets during the recent trading sessions? We have a breakdown for you: headlines: Minutes from the Reserve Bank of Australia’s June meeting highlighted…
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Digital Shovel Sues RK Mission Critical for Patent Infringement on Bitcoin Mining Containers
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Digital Shovel Holdings Inc. has filed a lawsuit against RK Mission Critical LLC, RK Mechanical LLC, and RK Industries LLC in the U.S. District Court for the District of Colorado, alleging patent infringement, according to a press release sent to Bitcoin Magazine. The dispute centers around Digital Shovel’s V-Shape technology,…
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China leads generative AI patent filings globally, says UN data
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Wannan Yusengkum/iStock via Getty Images China is leading other countries in AI inventions such as chatbots, filing six times as many patents as its closest competitor, the United States, Reuters reported, citing United Nations data. Generative AI patent applications have seen over 50,000 applications Applications filed over the past decade.…
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Copper Technical Analysis – The bearish momentum has waned
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Basic Overview Copper has been rallying on key support recently and extended gains this week after China’s Caixin manufacturing PMI was released as the survey hit its highest level since May 2021. Over the past few weeks, the downward momentum has already appeared to be slowing as lower lows have…
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Market Expert Sees Big Things For LDO: $6 Price On Horizon
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Lido DAO (LDO), an innovative cryptocurrency trading solution on the Ethereum network, has been on a massive rise lately. After a stellar run, last week saw a sharp 24% drop, reflecting the turmoil in the broader cryptocurrency market. However, amid the decline, a sense of cautious optimism is brewing among…
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Market Expert Sees Big Things For LDO: $6 Price On Horizon
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Lido DAO (LDO), an innovative cryptocurrency trading solution on the Ethereum network, has been on a massive rise lately. After a stellar run, last week saw a sharp 24% drop, reflecting the turmoil in the broader cryptocurrency market. However, amid the decline, a sense of cautious optimism is brewing among…
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Bpost shares touch all-time low as postal group’s profit guidance misses estimates By Investing.com
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Investing.com – Shares of Bpost (EBR:) hit an all-time low on Wednesday after the Belgian postal company unveiled annual earnings guidance that missed expectations. The company said it now expects adjusted earnings before interest and taxes at the group level for the full year of between 165 million euros and…
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Crypto Takes Flight – Crypto Cards Are Favored By Growing Number Of Travelers Over Travel Money Cards
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The world of travel is undergoing a profound digital transformation, and cryptocurrencies are at the forefront of this revolution. As technology continues to evolve, traditional travel cards that have long dominated the industry are gradually losing ground to more innovative and cost-effective crypto debit cards. This shift is driven by…
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Crypto Takes Flight – Crypto Cards Are Favored By Growing Number Of Travelers Over Travel Money Cards
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The world of travel is undergoing a profound digital transformation, and cryptocurrencies are at the forefront of this revolution. As technology continues to evolve, traditional travel cards that have long dominated the industry are gradually losing ground to more innovative and cost-effective crypto debit cards. This shift is driven by…
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Want to lay off staff? Here’s why it might be bad for your business
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Earlier this year, an old story about former Nintendo CEO Satoru Iwata went viral, praising him after his death for agreeing to take a 50 percent pay cut rather than lay off employees. But why is a story from 2013 suddenly making headlines? Perhaps because it offers a stark contrast…
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crypto will get positive regulation ‘no matter who wins’ election
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Mike Novogratz, Founder and CEO of Galaxy Digital Tell The cryptocurrency sector in the United States is headed toward positive regulation regardless of who wins the upcoming election, CNBC’s “Squawk Box” reported Tuesday. Mike Novogratz, one of the biggest crypto bulls, shared his views during an interview that covered the…
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Addison Lee up for sale as owners explore potential takeover
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Addison Lee’s owners Cheney Capital and William Griffin have hired investment bank Jefferies to explore the sale of the popular London minicab company. Addison Lee, a fixture on London’s high streets since it was founded in 1975, is now considering a sale by its majority shareholder, the Strategic Value Credit…
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Chart Art: Is Gold (XAU/USD) Ready to Break Out Soon?
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I see a number of classic chart patterns on the 4-hour time frame for gold. Do you think the precious metal is about to breakout? And in which direction will it go? Check out the upcoming turning points I’m watching! Gold (XAU/USD) 4 hours Chart by TradingView Gold has formed…
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Northern Data, European Bitcoin Miner, Explores IPO for US AI Unit (Report)
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Northern Data AG, a German high-performance computing infrastructure company, is evaluating the possibility of launching an initial public offering (IPO) in the United States for its cloud computing and data center units. The potential value of this IPO could reach $16 billion. According to According to Bloomberg News sources. Northern…
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South Africa Seeks to Renegotiate Coal Pact Tied to $2.6 Billion
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Breadcrumbs Path Links PMN Business South Africa is seeking to amend the terms of a landmark deal under which it pledged to reduce its reliance on coal in exchange for funding. Article author: Bloomberg News Anthony Sguazin Posted on July 03, 2024 • Read for 3 minutes You can save…
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PMI data to highlight the agenda in Europe today
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The US dollar is still doing well on the week, but the majors aren’t really doing much. Only the Japanese yen is seen mostly weak, with USD/JPY currently at 161.60. The pair is up 0.5% on the week so far and is on track for a fourth straight weekly gain.…