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BEAM plummet to December lows triggers whale accumulation
After Beam hit its lows in December 2023, whales showed increased interest in the asset and started accumulating it. Beam (BEAM) dropped to $0.0106 on August 5 for the first time since December 2023. After a market-wide recovery, the native token of the Beam network emerged as the biggest gainer…
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People flee wildfire near Athens as it spreads ‘like lightning’ By Reuters
Written by Angelos Tsatsis and Carolina Tagaris VARNAVAS, Greece/ATHENS (Reuters) – Residents fled their homes on Sunday as a fast-spreading wildfire outside Athens was ignited by hot, windy weather, burning trees, homes and cars and sending plumes of smoke over the Greek capital. More than 400 firefighters, backed by 16…
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Kawasaki sets record Q1 profits, maintains annual forecast By Investing.com
Kawasaki Heavy Industries, Ltd. (KHI), a leading Japanese manufacturer, reported record profits for the first quarter of the fiscal year ending March 31, 2025, during its earnings call. Despite challenges in some segments, the company saw an overall increase in revenue and profits, attributed to favorable exchange rates and strong…
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New Draft Eases Tax Filing Burden
The IRS, or Internal Revenue Service, revealed that New Draft Version of Tax Form 1099-DAwhich cryptocurrency brokers and investors use to report certain digital asset transactions from the upcoming tax period in 2025. The new version is a big step forward from the original draft submitted in April 2024. The…
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Bonds Are Back as a Hedge After Failing Investors for Years
(Bloomberg) — Greg Abella, a New Jersey money manager, didn’t expect the deluge of calls he’s been getting from clients over the past week. “All of a sudden people are asking us, ‘Wow, do you think this is a good time for us to add bonds?’” Most Read from Bloomberg…
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Bonds Are Back as a Hedge After Failing Investors for Years
(Bloomberg) — Greg Abella, a New Jersey money manager, didn’t expect the deluge of calls he’s been getting from clients over the past week. “All of a sudden people are asking us, ‘Wow, do you think this is a good time for us to add bonds?’” Most Read from Bloomberg…
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Weekend – Bank of America forecast no US recession, Fed rate cuts in September & December
Bank of America CEO Brian Moynihan spoke about American TV Over the weekend. He warned the Federal Open Market Committee (FOMC): The Fed is in a position where it has to be careful not to slow down too much. He was referring to the planting of spending among consumers: Well,…
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BEAM Inks 15% Gains As Exciting Developments Hit The Market
With the market making small but steady gains, BEAM has captured that momentum, causing the current surge in the token’s price. According to Queen GeckoBEAM has surged by around 18% in the past 24 hours as investors flock to the token. Related reading Beam Network is experiencing amazing on-chain development…
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Natural gas prices have been negative a record number of times
Sometimes supply and demand get so out of control that the producer has to pay the consumer instead of the other way around. This has happened more and more frequently in West Texas, where the natural gas closing price has been negative for 57 trading days this year through the…
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InspireMD reports growth and anticipates US launch By Investing.com
InspireMD (NASDAQ:), Inc. (NYSE American: NSPR), a medical device company, reported a revenue increase in the second quarter of 2024 and discussed significant milestones for their CGuard Carotid Stent System during their latest earnings call. CEO Marvin Slosman presented one-year outcomes data for CGuard, which showed a promising low major…
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Prosperity of fools? BitBoy expects BTC bull run on April 1
Ben Armstrong, widely known as “Bitboy” in the crypto community, recently made some interesting predictions regarding Bitcoin and XRP prices during his appearance on the latest episode of Tony Edwards’ “Thinking Crypto” YouTube show. The former millionaire influencer has explained his views on the upcoming market dynamics, offering both hope…
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Prosperity of fools? BitBoy expects BTC bull run on April 1
Ben Armstrong, widely known as “Bitboy” in the crypto community, recently made some interesting predictions regarding Bitcoin and XRP prices during his appearance on the latest episode of Tony Edwards’ “Thinking Crypto” YouTube show. The former millionaire influencer has explained his views on the upcoming market dynamics, offering both hope…
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How you can trade your excess electricity with Kenya Power
For the first time in Kenya, those who generate power for their own use but also have a connection to the national electricity grid can now sell their excess generation to the entire country through a concept known as net metering. A system that allows consumers who produce their own…
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Premium Forex Watch Recaps: Aug. 5 – 6, 2024
Our currency strategists have decided this week to focus on the Reserve Bank of Australia’s monetary policy statement and the latest jobs data from New Zealand to discuss the price outlook for this week. Of the four scenario/price outlook discussions this week, It can be said that both discussions witnessed…
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Macro Factors To Take Center Stage
A new report from Coinbase Research claims that macroeconomic pressures are weighing on the cryptocurrency market. Analysts expect the market to remain vulnerable in the coming weeks as there are very few catalysts to move the price higher. This is making many investors nervous, as conditions change globally. Coinbase: Major…
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Phinxt Robotics secures £2M funding to scale robotics automation with innovative edge AI platform
PHINXT Robotics, an AI-powered robotics software company, has secured £2m in an oversubscribed funding round to develop an innovative AI platform that simplifies and scales robotic automation in warehouses. The tour was led by Shore Valley Projects With the participation of Ada Ventures, From the heart and Atlas Ventures. Founded…
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CCL Industries reports strong Q2 growth, cautious outlook By Investing.com
CCL Industries Inc. (CCL), a global leader in specialty label and packaging solutions, has reported a robust performance for the second quarter of 2024, with a notable 12.2% increase in sales, reaching $1.85 billion. This growth was attributed to organic expansion, strategic acquisitions, and favorable currency translations. Operating income saw…
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Bitcoin Exchange Outflows Soar To Yearly High
The recent drop in the price of Bitcoin below the $60,000 threshold, followed by a subsequent decline Drop to less than $50kSigns of a reversal may finally be emerging, as the latest buying trends suggest. These trends point to a strong accumulation phase among large-scale investors, known as whales, who…
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Summer tourists flock to boardwalks and piers while sticking to their budgets
Breadcrumbs Path Links BMW PMN Business Article author: Associated Press May Anderson Published on August 11, 2024 • Read for 4 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content NEW YORK (AP) — Small businesses along popular…
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CIBC tweaks rate cut forecasts, sees earlier easing from Fed and Bank of Canada
High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…