Author: Investor Empires
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FedEx to cut up to 2,000 back-office jobs in Europe amid weak freight demand By Reuters
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Written by Ananta Agarwal (Reuters) – FedEx plans to cut between 1,700 and 2,000 back-office jobs in Europe, in its latest cost-cutting effort as the package delivery giant faces a decline in demand for shipping. FedEx (NYSE:) said the cuts will extend over 18 months and will result in a…
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UNI Eyes Set on Further Gains
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UNI price started a new increase above the $9.50 resistance level. Uniswap is showing positive signs and may be eyeing further advances above the $10.00 resistance level. UNI started a new rally above the $9.50 resistance area. The price is trading above the $9.60 level and the 100 hourly simple…
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US private equity firm in talks to buy cyberattack co Paragon
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A US private equity fund, which includes a group of security companies, is in talks to acquire Israeli cyber attack company Paragon Solutions. Headquartered in the Discount Bank Tower in Tel Aviv, the company was founded five years ago by the former commander of the IDF’s 8200th Intelligence Unit, Brig.…
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US private equity firm in talks to buy cyberattack co Paragon
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A US private equity fund, which includes a group of security companies, is in talks to acquire Israeli cyber attack company Paragon Solutions. Headquartered in the Discount Bank Tower in Tel Aviv, the company was founded five years ago by the former commander of the IDF’s 8200th Intelligence Unit, Brig.…
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Revolut Moves HQ to Heart of London’s Financial District amid Big Bank Departures
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Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24…
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French Startup, Mistral AI, Secures $640M Funding To Challenge Industry Giants
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Mistral AI team in Paris / Source: Mistral AI In the rapidly evolving world of artificial intelligence (AI), a French startup, Mistral AI, as a formidable competitor, ready to challenge the dominance of industry giants like OpenAI, Meta, and Anthropic. Founded in 2023 by former employees of tech giants Meta…
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flat at $67k amid rate cut cues, softer inflation By Investing.com
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Investing.com — Bitcoin’s price moved slightly on Thursday after a choppy session, as the Federal Reserve’s expectations for longer interest rate hikes largely overshadowed some signs of slowing inflation in the near term. It rose 0.4% over the past 24 hours to $67,484.6 by 02:05 ET (06:05 GMT). The coin…
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Asia FX weakens as hawkish Fedspeak offsets inflation relief; BOJ awaited By Investing.com
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Investing.com — Most Asian currencies fell on Thursday, as expectations of smaller interest rate cuts by the Federal Reserve dampened appetite for regional markets, even as the dollar fell amid a weak inflation reading. Uncertainty ahead of the Bank of Japan meeting and concerns over trade tensions between the US…
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Make bitcoin mining stocks great again? Trump calls for US mining dominance
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Donald Trump announced on Tuesday that he wants to mine all that remains of Bitcoin (BTC) in the United States, citing the country’s potential to dominate the energy sector. In a late-night post on Truth Social, the Republican presidential candidate expressed this Feelings Bitcoin mining may be the country’s last…
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Musk Says His $56 Billion Pay at Tesla Is Passing by ‘Wide Margins’
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(Bloomberg) – Elon Musk said late Wednesday in the United States that two major proposals to re-certify his salary package and move Tesla Inc.’s legal headquarters are in the works. To Texas from Delaware they currently pass by a “wide margin.” Most read from Bloomberg The preliminary results are great…
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Daily Broad Market Recap – June 12, 2024
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Market attention was focused on the key events in the US for the day, specifically the CPI release and the Federal Reserve statement, and these catalysts did not disappoint when it comes to volatility. Both major market movers faced some surprises, which then led to significant volatility in the dollar…
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Coinbase Witnesses Largest Ethereum Outflow of the Year, Surpassing $1 Billion
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Coinbase saw its largest Ethereum outflow this year, totaling more than 336,000 ETH, worth more than $1 billion on June 12. This marks the fifth instance in 2024 where more than 150,000 ETH has been withdrawn from a cryptocurrency exchange in a single day. It is still unknown who is…
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Oil’s ‘last hurrah’ is coming, Citi says in bearish outlook for global crude prices
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Slavko Sereda/iStock via Getty Images Oil futures rose on Wednesday despite an unexpected 3.7 million barrel increase in US crude inventories and the International Energy Agency’s forecast of a “spectacular” oil glut by the end of the decade. The International Energy Agency expects oil demand growth to peak by 2029…
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Oil’s ‘last hurrah’ is coming, Citi says in bearish outlook for global crude prices
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Slavko Sereda/iStock via Getty Images Oil futures rose on Wednesday despite an unexpected 3.7 million barrel increase in US crude inventories and the International Energy Agency’s forecast of a “spectacular” oil glut by the end of the decade. The International Energy Agency expects oil demand growth to peak by 2029…
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What now after the US CPI and Fed showdown yesterday?
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It certainly did not disappoint. It was very similar to poker, where the flop (CPI report) is shown first. Then we moved to the bend (dot charts) and finally the river (McCoy Powell). Overall, it ended up being a push and pull by the time we wrapped things up yesterday.…
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Pundit Says Dogecoin And Solana Have Hit ‘Make It Or Break It Levels,’ Why This Is Good News
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This was announced by a cryptocurrency expert Dogecoin (DOGE) And Solana (Sunday) They have reached “make it or break it” levels. This assessment is set to generate a wave of optimism as DOGE and SOL could be poised for a rebound soon. Dogecoin and Solana are at a Make It…
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Pundit Says Dogecoin And Solana Have Hit ‘Make It Or Break It Levels,’ Why This Is Good News
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This was announced by a cryptocurrency expert Dogecoin (DOGE) And Solana (Sunday) They have reached “make it or break it” levels. This assessment is set to generate a wave of optimism as DOGE and SOL could be poised for a rebound soon. Dogecoin and Solana are at a Make It…
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Illegal vapes are flooding the market and the government is scrambling
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Millions of young Americans are addicted to nicotine — and politicians attacked top public health officials during a contentious hearing Wednesday on the rapid rise of illegal e-cigarettes. In particular, the senators blamed the Food and Drug Administration (FDA) and the Department of Justice (DOJ) for not enforcing the Tobacco…
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Musk says Tesla shareholder vote for $56 billion pay package passing by wide margins By Reuters
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(Reuters) – Tesla (NASDAQ:) shareholder decisions on CEO Elon Musk’s pay package and its move to move legal headquarters to Texas are currently passing by wide margins, Musk said in a post on social media platform X on Wednesday. Electric car maker Tesla shareholders are voting on a proposal to…
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Peer-To-Peer Bitcoin Trading Protocol Hits Milestone
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Civkit, a project trying to revitalize the global peer-to-peer economy, has announced the release of its first alpha version after more than a year of custom development. The protocol aims to enable peer-to-peer trading in a decentralized manner, eliminating the need for a central order book. The design is built…