Author: Investorempires.com
-
Regulator signals banks to keep dividends low
•
Israeli banks generally distribute 40% of their quarterly profits, but this percentage is again expected to be cut in half. Banks will not return to distributing profits according to their usual profit distribution policies, and will once again be content with distributing reduced profits. Superintendent of Banks Daniil Hahiachvili sent…
-
Yen climbs while dollar stabilises after US inflation ebbs By Reuters
•
Written by Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) – The Japanese yen rose for a second straight day on Thursday after data on Wednesday showed U.S. inflation slowing, while the dollar found a footing against other currencies after a sharp decline the day before. Data on Wednesday showed that…
-
Fetch.AI Soars 14.5% As AI Tokens Surge, Can FET Reach $4?
•
Today, the cryptocurrency market is up 5.1%, with a total market cap of $2.3 trillion. The recent pump has propelled various sectors, with memecoins up 9% and artificial intelligence (AI) tokens up 11.2% over the past 24 hours. Related reading Fetch.AI (FET) is at the forefront of the AI sector…
-
Copart Posts Steady Q3 Earnings; Matches Estimates By Investing.com
•
DALLAS – Copart, Inc. announced (NASDAQ:), the global leader in online auto auctions, announced its financial results for the third quarter ending April 30, 2024, with flat earnings per share (EPS) and an increase in revenue compared to the same quarter last year. The company reported third-quarter EPS of $0.39,…
-
Pump.fun platform on Solana faces potential exploit
•
Ongoing investigations reveal that Solana-based platform Pump.fun, which facilitates token launches, was exploited by flash loans to manipulate its correlation curve. Gotbit Hedge Fund Putting a mark concerns on social media, saying: “Pumpfun may be under attack. This wallet ?SolScan link) buys all tokens on Pumpfun within minutes to fill…
-
six decades of U.S. presidential debates By Reuters
•
(Reuters) – Democratic President Joe Biden and former Republican President Donald Trump plan to face off in a presidential debate on June 27 and another on September 10 before the November 5 election, part of a tradition marked by some memorable moments. History of modern American politics: – 1960: The…
-
Ethereum Can’t Stop Losing Ground To Bitcoin
•
More than 19 months after Ethereum’s landmark Merge upgrade, the data is clear: the network’s native asset, Ethereum (ETH), is not keeping up with Bitcoin (BTC). The ETH/BTC price ratio hit a three-year low on Thursday at 0.044, with Ether last seeing less market dominance versus Bitcoin appearing in May…
-
Ethereum Can’t Stop Losing Ground To Bitcoin
•
More than 19 months after Ethereum’s landmark Merge upgrade, the data is clear: the network’s native asset, Ethereum (ETH), is not keeping up with Bitcoin (BTC). The ETH/BTC price ratio hit a three-year low on Thursday at 0.044, with Ether last seeing less market dominance versus Bitcoin appearing in May…
-
U.S. CPI data inadvertently revealed 30 minutes ahead of schedule, BLS says
•
Irina Drozd The U.S. Bureau of Labor Statistics mistakenly released consumer inflation data 30 minutes earlier than scheduled on Wednesday, it said earlier this week, an incident that could lead to a broader examination of how the agency distributes important economic data. “Prior to today’s release of the CPI and…
-
Mastercard and Salesforce Partner to Simplify Payment Dispute Handling
•
Mastercard and Salesforce have partnered to simplify transaction dispute resolution processes across the payments space. This partnership aims to address disputes and chargebacks, which have long been a major challenge for merchants and financial institutions. Integration of dispute management According to the press release, projections indicate that chargebacks could rise…
-
CME Group Plans To Launch Bitcoin Spot Trading, Targeting Wall Street Demand
•
According to the Financial TimesThe Chicago Mercantile Exchange (CME) Group, the world’s largest futures exchange, is reportedly in discussions to introduce spot trading for Bitcoin (BTC). The move aims to capitalize on growing demand among Wall Street money managers seeking exposure to the cryptocurrency sector. The move represents an important…
-
Dow hits 40,000 for the first time on Fed rate cut hopes
•
The Dow Jones Industrial Average surpassed 40,000 points for the first time on Thursday as investors grew more confident that the stock market’s rally could continue on hopes that the Federal Reserve will begin cutting interest rates later this year. The oldest of Wall Street’s three major stock indexes has…
-
UBS maintains RBA rate cut forecast, weighs in on AUD/USD By Investing.com
•
UBS on Thursday provided insight into Australian Federal Treasurer Jim Chalmers’ third budget announcement, which announced a second successive surplus of A$9.3 billion. Despite this positive result, UBS highlighted a projected deficit of A$28.3 billion for the 2024-25 financial year, a wider figure than the Treasury’s previous forecast. The company…
-
Ex-BlackRock Bitcoin ETF Lead Appointed New Vanguard CEO
•
Vanguard, one of the world’s largest investment firms, has named a new CEO: Salim Ramji, who previously led BlackRock’s ETF business and helped launch the spot Bitcoin ETF, IBIT, in January. JUST IN: Vanguard names new CEO Salim Ramji, a former Blackrock director #Bitcoin Lead in ETFs. Earlier, Vanguard rejected…
-
Co-op Bank profit up 8pc to Sh6.6bn in first quarter
•
The Cooperative Bank of Kenya posted a 7.7 percent growth in net profit to Sh6.58 billion in the first three months ended March 2024 thanks to increased income and containment of operating costs. The growth in net profits from Sh6.11 billion recorded in the same quarter last year came on…
-
USDJPY moves back to 100/200 hour MAs
•
USDJPY fell sharply in the Asian session after breaking below the swing zone at 154.778 and 154.878. The decline saw the price move to and through another target area near 153.99 (we call it 154.00). The low price extended down to 153.595 before starting its bounce back higher. This bounce…
-
Shiba Inu Price Makes Decisive Move: Is Now The Ideal Time To Buy?
•
The price of the Shiba Inu (SHIB) has shown a notable increase, rising 6.5% over the past 24 hours and 12.5% over the past week, marking a significant shift towards bullish momentum. Technical analysis of the SHIB/USD daily chart reveals a descending trend line where the price has been rejected…
-
Artisan AI closes a $7.3M seed round to build AI employees for enterprise
•
Artisan AI, a startup that builds AI employees and software for large enterprises, has raised $7.3 million in a round led by Oliver Young, an early investor in Airbnb, Rippling, Revolut, and several other unicorns. Other investors include Sequoia Scout, Y Combinator, Soma Capital, BOND Capital, Anu Hariharan, Paul Daversa,…
-
Biden running out of time to turn voters’ perceptions on inflation: strategists By Investing.com
•
Research firm Strategas released data showing that its inflation index grew at a rate of 3.8% year-on-year. The CPI for the Common Man measure focuses on items that people have to buy regularly – food, energy, shelter, clothing, utilities and insurance. This marks the ninth straight month that the regular…