Author: Investor Empires
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Bitcoin Price Decline Continues: Lower Targets in Sight
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Bitcoin price has started another decline from the $66,850 resistance area. BTC is once again moving lower and may drop below the $65,500 support area. Bitcoin failed to rise above $67,000 and started another decline. The price is trading below the $66,800 level and the 100 hourly simple moving average.…
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Nova nears record $7b market cap
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The Israeli company’s share price has risen 73.2% since the beginning of the year and is trading at an all-time record high of $238. Israeli company NOVA LIMITED. (Nasdaq:Nefimy; level:Nefimy, which provides measurement devices for advanced process control used in semiconductor manufacturing, saw its stock price rise 8.4% last week…
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A couple of light releases to move things along in the session ahead
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There will be a fair number of major risk events this week, but most of them will be in the coming days. Major central bank meetings are back in session, with the Reserve Bank of Australia, the Swiss National Bank and the Bank of England on the agenda. But for…
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Advisors cautious with Bitcoin ETF adoption: BlackRock exec
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BlackRock’s chief investment officer for ETFs and index investments, Samara Cohen, hinted that financial advisors remain “wary” of adopting Bitcoin (BTC) exchange-traded funds (ETFs) despite the success of the investment vehicle. Despite attracting more than $50 billion in investments since their launch in January 2024, Bitcoin ETFs are still facing…
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Advisors cautious with Bitcoin ETF adoption: BlackRock exec
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BlackRock’s chief investment officer for ETFs and index investments, Samara Cohen, hinted that financial advisors remain “wary” of adopting Bitcoin (BTC) exchange-traded funds (ETFs) despite the success of the investment vehicle. Despite attracting more than $50 billion in investments since their launch in January 2024, Bitcoin ETFs are still facing…
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Oil prices fall on weaker US consumer demand, China data By Reuters
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Written by Colin Howe and Mohi Narayan NEW DELHI (Reuters) – Oil prices fell in Asian trading on Monday after a survey on Friday showed weak US consumer demand and with crude production rising in May in China, the world’s largest crude importer. Global futures for August delivery fell 29…
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SK Group to protect affiliates from hostile takeover after chairman’s divorce ruling By Reuters
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Written by Joyce Lee SEOUL (Reuters) – South Korea’s SK Group Chairman Chi Tae-won said on Monday the group would prevent the outcome of his latest ruling on a divorce push from leaving SK companies vulnerable to a hostile takeover or other problems. The Seoul High Court ruled in late…
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Nigeria Drops Tax Evasion Charges Against Binance Executives
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Events in the Nigeria-Binance saga continue to unfold. This time, the country dropped tax charges against the stock exchange executives. according to tweet By Nigerian journalist Alexander Onukwe Nigeria’s Federal Inland Revenue Service (FIRS) has withdrawn tax evasion charges against Tigran Gambaryan, Head of Financial Crimes Compliance at Binance, and…
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Popular Arbitrage Trade Backfires as TSMC Frenzy Grows in US
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(Bloomberg) — The long-favored arbitrage strategy of buying shares of Taiwan Semiconductor Manufacturing Co. in Taipei while shorting its shares in the U.S. is starting to get painful. Most read from Bloomberg Data compiled by Bloomberg showed that enthusiasm for artificial intelligence in the United States has pushed TSMC’s American…
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SEC Lowers Settlement Demand To $103 Million
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A glimmer of hope emerged for Ripple Labs this week in its ongoing legal battle with the Securities and Exchange Commission. The SEC reduced the proposed settlement amount from a staggering $2 billion to a more manageable amount of $102.6 million. While this represents a significant concession, Ripple still faces…
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Fisher Investments sells minority stake to Advent International
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pakphum patjangkata / iStock via Getty Images Advent International has agreed to buy a minority stake in money manager Fisher Investments, the companies announced Sunday. Advent and the Abu Dhabi Investment Authority agreed to invest between $2.5 billion and $3 billion in a deal that values Fisher at about $13…
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Starboard Value buys $500M stake in Autodesk, urges operational changes
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Investing.com – Activist investor Starboard Value has taken a roughly $500 million stake in the design software maker Autodesk Corporation (NASDAQ:) is now calling for changes within the company, according to the Wall Street Journal. Starboard has reportedly held meetings with Autodesk executives in the past few weeks to express…
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Starboard Value buys $500M stake in Autodesk, urges operational changes
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Investing.com – Activist investor Starboard Value has taken a roughly $500 million stake in the design software maker Autodesk Corporation (NASDAQ:) is now calling for changes within the company, according to the Wall Street Journal. Starboard has reportedly held meetings with Autodesk executives in the past few weeks to express…
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Analyst Calls Buy Signal As Solana Hits Key Support At $141
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according to Data from CoinMarketCap, Solana (SOL) performed somewhat positively in the last day, posting a market gain of 1.37%. This price increase, although small, is very encouraging for investors given the bearish form Solana stock has seen in the past week where it lost 8.11% of its market value.…
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Bill Gates is ready to plow billions into his startup’s nuclear plant
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Bill Gates said he is ready to pump billions of dollars into a next-generation nuclear power plant project in Wyoming to meet the United States’ growing electricity needs. TerraPower LLC, a startup founded by Gates, began construction on its first commercial reactor last week in Wyoming, where a coal plant…
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New Zealand Dollar forecasts revised lower
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New Zealand Institute of Economic Research’s (NZIER) latest report on consensus forecasts. Full text here. For the Kiwi dollar: Their broader summary of the New Zealand economy, saying the latest NZIER consensus forecast: Another downward revision to growth forecasts for next year appears Average annual GDP growth forecasts for the…
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Could Elon Musk Be Cardano’s Next Big Partner?
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The world of cryptocurrencies has been full of speculation about a possible collaboration between… Cardano Founder Charles Hoskinson and the mysterious Elon Musk, the mastermind behind Tesla and Twitter. As the creator of one of the most promising blockchain platforms, Hoskinson has long been intrigued by the prospect of integrating…
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Could Elon Musk Be Cardano’s Next Big Partner?
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The world of cryptocurrencies has been full of speculation about a possible collaboration between… Cardano Founder Charles Hoskinson and the mysterious Elon Musk, the mastermind behind Tesla and Twitter. As the creator of one of the most promising blockchain platforms, Hoskinson has long been intrigued by the prospect of integrating…
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Kenya Airways quietly extends CEO Allan Kilavuka’s contract
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Kenya Airways has quietly extended CEO Allan Kilavuka’s term by three years until April 2026, the national carrier’s chairman Michael Joseph confirmed on Friday. Mr Kilavuka was first appointed as CEO of KQ Group in April 2020. He held the acting position between January and March 2020 following the exit…
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Temasek to invest up to $198 million in Australian ETF manager Betashares By Reuters
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(Reuters) – Singapore-based investment firm Temasek Holdings said on Monday it will invest up to A$300 million (US$198.4 million) in Australian exchange-traded fund manager BetShares. The funding is expected to expand Betashares’ offering in Australia and overseas, it said in a statement. With this investment, Temasek will own an undisclosed…