Author: Investor Empires
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US futures rise with key inflation data on deck
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US stock futures rose on Friday ahead of the inflation reading that is key to Federal Reserve policy, as investors weigh signs of a slowdown in the US economy and digest the fallout from the debate between Biden and Trump. S&P 500 futures (ES=F) advanced about 0.4% after the index…
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Russia’s VTB bank says US sanctions have complicated cross-border transactions By Reuters
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MOSCOW (Reuters) – U.S. sanctions imposed on Moscow this month have complicated foreign trade operations for Russian banks but they are gradually adapting to the new reality, the chief financial officer of Russia’s second-largest lender VTB said on Friday. On June 12, the United States imposed Ukraine-related sanctions on the…
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Crypto Exchange Coinbase Sues SEC, FDIC, Alleging Regulatory Overreach
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Coinbase has filed an application Lawsuits against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC), accusing the agencies of trying to cripple the crypto industry. BREAKING: ?? Coinbase files lawsuit against SEC, alleging regulators are trying to cripple the cryptocurrency industry. pic.twitter.com/bD1B1Vny1r — Bitcoin Magazine…
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Hywin to exit wealth, asset management businesses and focus on technology
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Hiwin Holding CompanyNasdaq:Hugh) Announces updates on its strategic business transformation plan, which includes a complete exit from its wealth management and asset management businesses by terminating VIE agreements with China. The company’s other plans include shifting its business focus towards technology. Sector and change the name of the company to…
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Dollar strengthens ahead of PCE data; euro weighed by political uncertainty By Investing.com
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Investing.com – The US dollar rose in early European trade on Friday, on track for its second straight quarterly gain, the euro fell and the Japanese yen remained on watch for intervention. At 04:00 ET (09:00 GMT), the U.S. dollar, which tracks the greenback against a basket of six other…
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Ethereum 15% Price Slump Could Spark Epic Comeback — Analyst
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Ethereum, the second largest cryptocurrency by market cap, has seen a significant drop in value recently. Over the past month, its price fell by 15%, raising concerns among investors about the future of this digital asset. The current situation raises questions about whether this decline indicates a prolonged decline or…
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Amid election nerves French city traders rush to secure funding as they foresee the worst blow to bonds
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Worst bond rout since sovereign debt crisis sees companies rush to Securing financing Ahead of a potential capital drought. A hit to stocks worth about $200 billion. French President Emmanuel Macron’s decision earlier this month to confront the gains of the far right across Europe Quick poll At home he…
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Daily Broad Market Recap – June 27, 2024
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Major assets were all over the place until the US released generally weak data from the American middle class. Alternatives to the US dollar such as spot gold, crude oil and Bitcoin posted gains after the reports, although the US dollar managed to recover its losses against its foreign currency…
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State Street Global Advisors And Galaxy Asset Management Join Hands On Digital Asset Investing
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The world of finance is undergoing a profound transformation, with the rapid emergence of digital assets and blockchain technology reshaping the investment landscape. As the cryptocurrency market continues to mature and gain mainstream acceptance, leading asset managers are realizing the enormous potential it holds. In a pioneering move, two industry…
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State Street Global Advisors And Galaxy Asset Management Join Hands On Digital Asset Investing
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The world of finance is undergoing a profound transformation, with the rapid emergence of digital assets and blockchain technology reshaping the investment landscape. As the cryptocurrency market continues to mature and gain mainstream acceptance, leading asset managers are realizing the enormous potential it holds. In a pioneering move, two industry…
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State eyes Sh56bn passport, immigration fees after Finance Bill fail
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The Treasury is targeting at least Sh55.8 billion in administrative fees and charges for services such as issuing national identity cards, passports, work permits and marriage certificates in the next financial year starting in July, up from Sh28.3 billion last year. The extra billions are crucial in a year when…
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EBC Financial Group Wins “Most Trusted FX Broker” and “Best CFD Broker” Awards
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EBC Financial Group (EBC) EBC is proud to announce that it has received two prestigious awards at the 2024 World Finance Awards: Most Trusted Forex Broker and Best CFD Broker. These awards reflect EBC’s unwavering commitment to transparency, regulatory compliance and exceptional customer service. This dual recognition highlights the confidence…
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Polkadot, MEME holders eye memecoin presale poised to impact the market
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Disclosure: This article does not constitute investment advice. The content and materials contained on this page are intended for educational purposes only. The Raboo pre-sale attracts diverse investors, diverting interest away from established cryptocurrencies like Polkadot and MEME, highlighting the trend towards newer, high-growth opportunities. It’s altcoin season, and meme…
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UK’s Energy Security at Risk Due to Political Policies, Warns Serica Energy
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Rishi Sunak and Sir Keir Starmer are putting the offshore oil industry at risk and undermining Britain’s energy security, according to a leading oil and gas firm. David Lattin, the chairman of Serica Energy, has been highly critical, saying that unpredictable taxes and political opposition have made the UK the…
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Energy stocks boost European shares at open By Reuters
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(Reuters) – European stocks opened higher on Friday, as rising prices lifted energy stocks, but focus was also on the inflation reading in the United States, which may be key in gauging the path of global monetary policy. The European index rose 0.4% by 0710 GMT, after closing lower during…
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Experts Confident in Bitcoin’s Ability to Defend $60K Despite Bearish Pressure
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Bitcoin has seen a decline of more than 6% over the past week. Successive corrections have temporarily pushed the asset below $60,000. Although it has rebounded since then, its recovery appears to have stalled at around $61,500, causing investors to worry about further losses. This is especially true as the…
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Experts Confident in Bitcoin’s Ability to Defend $60K Despite Bearish Pressure
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Bitcoin has seen a decline of more than 6% over the past week. Successive corrections have temporarily pushed the asset below $60,000. Although it has rebounded since then, its recovery appears to have stalled at around $61,500, causing investors to worry about further losses. This is especially true as the…
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Asia FX muted as dollar firms before PCE data; yen on intervention watch By Investing.com
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Investing.com — Most Asian currencies remained range-bound on Friday, with the dollar holding near two-month highs ahead of key inflation data likely to weigh on the Federal Reserve’s interest rate outlook. The dollar’s strength has pushed the Japanese yen further below levels traders initially expected would attract government intervention. Mixed…
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Bitcoin Hashrate Plunges To 4-Month Low As BTC Looks Bearish
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On-chain data shows that Bitcoin mining hashrate has fallen to its lowest level since early March. The average 7-day Bitcoin mining hash rate has continued to decline recently “Mining hash rate” refers to a metric that tracks the total computing power that miners currently have tied to the Bitcoin blockchain.…