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CrowdStrike Crashed More than 30% — 2 Reasons to Buy the Stock and 1 Reason to Sell
Last month, Crowd Strike (NASDAQ: CRWD) Microsoft Corp. has faced one of the biggest nightmares for tech companies: The cybersecurity giant released a flawed software update that shut down operations for customers around the world, in what experts are calling the largest IT outage in history. Companies faced blue screens…
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What are the distribution of forecasts for the US NFP?
Why is it important? In the Asian session, Eamonn published the range of estimates for today’s US non-farm payrolls report. These ranges are important in terms of market reaction because when actual data deviates from expectations, it creates a surprise effect. Another important input into market reaction is the spread…
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XRP Price Won’t Skyrocket After Ripple-SEC Ruling: Crypto Pundit
As the XRP lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) nears a resolution — the final ruling at the district court level — the crypto community is abuzz with speculation about the potential ramifications for XRP’s price. Notably, prominent crypto expert Rachel Renee expressed a…
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XRP Price Won’t Skyrocket After Ripple-SEC Ruling: Crypto Pundit
As the XRP lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) nears a resolution — the final ruling at the district court level — the crypto community is abuzz with speculation about the potential ramifications for XRP’s price. Notably, prominent crypto expert Rachel Renee expressed a…
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Arc Resources GAAP EPS of C$0.40; reaffirms FY24 outlook
Arc Resources (OTCPK:AETUF) Press Release: Q2 GAAP EPS of $0.40 CAD. ARC achieved production in the second quarter of 2024 of 330,046 barrels of oil equivalent per day (65% natural gas and 35% crude oil and liquids), in line with the high end of the second quarter production guidance range…
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Tesla registers insurance brokerage in China, national corporate database shows By Reuters
BEIJING (Reuters) – Tesla Inc registered an insurance brokerage firm in China in late July, according to a national enterprise information database, in a sign the U.S. automaker may be trying again to win approval to sell insurance products in the country. The new company, located in Beijing’s central business…
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Bitcoin Price Drops To $62k As Crypto Market Mirrors Stocks
The cryptocurrency market has seen a major decline, with Bitcoin today falling to its lowest level since mid-July, falling to nearly $62,000. The sharp decline mirrored a broader sell-off in the stock market, as investors reacted to the latest economic data and geopolitical tensions in the Middle East. Bloodbath in…
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Bitcoin Price Drops To $62k As Crypto Market Mirrors Stocks
The cryptocurrency market has seen a major decline, with Bitcoin today falling to its lowest level since mid-July, falling to nearly $62,000. The sharp decline mirrored a broader sell-off in the stock market, as investors reacted to the latest economic data and geopolitical tensions in the Middle East. Bloodbath in…
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The European Commission is banning staff from free tickets for the Olympics, Euros and Eurovision
Even if it would be nice to be offered something at no cost, the staff at the European Commission, the EU’s executive arm, can no longer accept it – whether it’s Olympic tickets or concert tickets. The commission reportedly told its staff in an email that it would ban the…
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Asia FX muted, dollar steadies with nonfarm payrolls on tap By Investing.com
Most Asian currencies moved in a narrow range on Friday as risk aversion in global financial markets sparked some safe-haven flows into the dollar, while markets awaited key nonfarm payrolls data for further cues. However, the Japanese yen remained steady after the Bank of Japan’s hawkish policy sparked a rally…
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Number of bets on Polymarket surpassed 1.5m in July
The blockchain-based prediction market Polymarket has seen incredible growth in the past month, especially since the US election debate began. According to data provided by Dune Analytics, the total number of bets on Polymarket surpassed 1.5 million in July. The total number of bets since the launch of the market…
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Number of bets on Polymarket surpassed 1.5m in July
The blockchain-based prediction market Polymarket has seen incredible growth in the past month, especially since the US election debate began. According to data provided by Dune Analytics, the total number of bets on Polymarket surpassed 1.5 million in July. The total number of bets since the launch of the market…
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Chart Art: EUR/GBP Reversal Pattern Forming?
I see a classic chart pattern forming on the 4-hour chart of the EUR/GBP pair! Will we see a trend reversal soon? Check out the near term resistance I’m watching: EUR/GBP currency pair on 4-hour chart Chart by TradingView The Bank of England’s decision to cut interest rates has sent…
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Bitcoin and Ethereum Now Tradable on Hong Kong’s Largest Online Broker—Details
Hong Kong has been making headlines in the cryptocurrency space lately for a number of reasons. One reason so far is that Futu Securities International, the largest online broker in Hong Kong, has announced its plans to expand. foot Retail cryptocurrency trading – Bitcoin and Ethereum – on its platform.…
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Government scheme boosts UK chip start-ups with £10 million funding injection
The UK government’s ChipStart programme has enabled semiconductor start-ups to secure over £10m in private investment and grants, with nearly £20m in total commitments. This initiative works to promote innovation in various fields, from the efficiency of artificial intelligence to advanced healthcare technologies. Eleven semiconductor start-ups have joined the second…
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Swiss inflation highlights the agenda in European trading today
Major currencies remain stable so far today, with little change overall. Even USD/JPY is only seeing a range of around 100 pips, currently holding near 149.40. The pair continues to see choppy volatility in the past few sessions, particularly as US 10-year yields dip below 4%. But the bigger story…
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Google, Robinhood Veteran Aims To Bring Bitcoin Multsig To The Masses With Theya
Company Name: Thea Founders: Sriram Bhargav Karnataki, Samit Bhatt and Vikas Chaudhary Date of Establishment: December 2022 Headquarter Location: San Francisco, California Amount of Bitcoin in the vault: “It’s important.” Number of Employees: 7 website: https://www.theya.us/ Public or private? private Sriram Bhargav Karnati believes that superior security and ease of…
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Google, Robinhood Veteran Aims To Bring Bitcoin Multsig To The Masses With Theya
Company Name: Thea Founders: Sriram Bhargav Karnataki, Samit Bhatt and Vikas Chaudhary Date of Establishment: December 2022 Headquarter Location: San Francisco, California Amount of Bitcoin in the vault: “It’s important.” Number of Employees: 7 website: https://www.theya.us/ Public or private? private Sriram Bhargav Karnati believes that superior security and ease of…
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Indian Rupee Becomes Second Worst Asian Currency This Quarter
Breadcrumbs Path Links PMN Business Before the trading day begins, we provide you with a summary of the major news and events that are likely to move the markets. Today we take a look at: Article author: Bloomberg News Ashutosh Joshi and Ronojoy Mazumdar Published on August 1, 2024 •…