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Dollar slips ahead of GDP data; euro rises and yen surges By Investing.com
Investing.com – The U.S. dollar fell on Thursday, the euro posted small gains and the Japanese yen rose to multi-month highs ahead of a Bank of Japan meeting next week. At 05:25 ET (09:25 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was…
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Philippines Set To Launch CBDC By 2029
The Bangko Sentral ng Pilipinas (CBPC) is the largest bank in the Philippines.B S BChina is set to launch a wholesale central bank digital currency (CBDC) by 2029. The move comes amid a global trend for central banks to explore the potential of CBDCs to enhance digital currency payment systems,…
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Philippines Set To Launch CBDC By 2029
The Bangko Sentral ng Pilipinas (CBPC) is the largest bank in the Philippines.B S BChina is set to launch a wholesale central bank digital currency (CBDC) by 2029. The move comes amid a global trend for central banks to explore the potential of CBDCs to enhance digital currency payment systems,…
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Dow misses profit estimates on lower demand in Asia, Europe
(Reuters) – Dow Chemical Co said on Thursday it missed second-quarter earnings expectations, hurt by lower prices and demand in key markets including Asia and Europe. Manufacturing activity in the eurozone and China declined during the quarter, with Chinese economic data in June showing raw material stocks in contraction territory.…
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Dollar rally in previous years still leave much room for correction – SocGen
The firm claims that the dollar’s appreciation over the 2021-22 period means there is still room for a deeper correction in the US currency’s downward momentum ahead. The firm does not expect the dollar to test the lows it hit at the end of 2020, but says the currency is…
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Thailand reveals date for $14b digital currency giveaway
Thailand has announced the launch date of long-awaited cash handouts to boost the economy and tackle high household debt. Thailand has announced the launch date of its digital currency, aiming to stimulate economic activity and address the country’s high household debt, according to Bloomberg. ReportsThai Finance Minister Pichai Chunhavajira said…
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Thailand reveals date for $14b digital currency giveaway
Thailand has announced the launch date of long-awaited cash handouts to boost the economy and tackle high household debt. Thailand has announced the launch date of its digital currency, aiming to stimulate economic activity and address the country’s high household debt, according to Bloomberg. ReportsThai Finance Minister Pichai Chunhavajira said…
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Traders pause for breath after Wall Street wipeout. What’s next?
nopparit/E+ via Getty Images Stocks keep going up, until they don’t. The Nasdaq (Compound: Indian) suffered its worst day of 2024 on Wednesday, with the technology-based index falling. Slippage more than 3% For the first time in over 400 trading days. That has wiped hundreds of billions of dollars in…
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Ford stock dives 13% after larger-than-expected Q2 loss, warranty burden By Investing.com
Ford Motor Company (NYSE: NYSE:) reported a big drop in second-quarter earnings, with adjusted earnings per share (EPS) of $0.47, missing analysts’ estimates of $0.68. The company’s fourth-quarter revenue was $47.8 billion, slightly below the consensus estimate of $48.09 billion. Second-quarter earnings before interest and taxes were $2.8 billion, also…
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Bitcoin Takes Over Las Vegas Sphere: 1st Crypto Displayed
Bitcoin (BTC), the largest cryptocurrency by market cap, took over the Las Vegas arena over the weekend. The leading cryptocurrency was showcased on the world’s largest LED screen as part of Crypto.com’s anniversary celebrations. Despite the excitement, discussion has been rife about Dogwifhat’s campaign to bring memecoin to the Las…
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Bitcoin Takes Over Las Vegas Sphere: 1st Crypto Displayed
Bitcoin (BTC), the largest cryptocurrency by market cap, took over the Las Vegas arena over the weekend. The leading cryptocurrency was showcased on the world’s largest LED screen as part of Crypto.com’s anniversary celebrations. Despite the excitement, discussion has been rife about Dogwifhat’s campaign to bring memecoin to the Las…
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AirAsia’s Tony Fernandes wants Microsoft compensation for CrowdStrike outage
On Friday, a flawed update from US cybersecurity firm CrowdStrike caused Windows computers around the world to crash, displaying the dreaded “blue screen of death.” The outage hit global airlines particularly hard, disrupting thousands of flights as staff scrambled to get systems up and running again. Some airlines, such as…
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India cenbank may prefer mild rupee weakness to correct overvaluation, BofA says By Reuters
MUMBAI (Reuters) – The Reserve Bank of India may allow the rupee to weaken slightly to ease a slightly elevated real effective exchange rate and keep the South Asian currency “competitive”, Bank of America Securities said in a note on Thursday. This “supports the government’s ambitions to attract large-scale manufacturing…
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Ferrari To Accept Bitcoin and Crypto Payments In Europe
Ferrari, a luxury sports car manufacturer announced that it will expand Ferrari has announced that it will be accepting payments in bitcoin and cryptocurrencies at its European dealerships starting this month. The move comes after Ferrari first began accepting bitcoin and cryptocurrency payments at its U.S. dealerships last year. Urgent:…
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Ferrari To Accept Bitcoin and Crypto Payments In Europe
Ferrari, a luxury sports car manufacturer announced that it will expand Ferrari has announced that it will be accepting payments in bitcoin and cryptocurrencies at its European dealerships starting this month. The move comes after Ferrari first began accepting bitcoin and cryptocurrency payments at its U.S. dealerships last year. Urgent:…
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Rural electricity scheme losses up to Sh56 billion
The Rural Electrification Scheme, a non-profit scheme set up by the government in 1973 to expand power access to the rural poor, has accumulated losses of Sh55.9 billion, threatening its sustainability. The plan, run by Kenya Power on behalf of the government, has projected a loss of Sh9.87 billion in…
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Chart Art: How Long Can Gold (XAU/USD) Go?
Spot gold is approaching a key support area after seeing sharp declines since last week. How low can gold go before bulls rally again? Gold (XAU/USD) 4 hours Chart by TradingView Increased demand for the US dollar and concerns over China’s economic growth have contributed to a decline in gold…
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ETH Whale Activity 64% More Than BTC
On-chain data shows that whale activity on the Ethereum blockchain has been extremely high recently due to the excitement around exchange-traded funds (ETFs). Ethereum whales show much higher activity than Bitcoin whales According to data from blockchain analytics firm saintEthereum whales have been showing a lot of activity lately. The…
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James Erskine, CEO of Rocket
Specialists in connecting brands with young audiences. rocket A marketing and content company that helps brands and organizations better understand and engage young people, children and families. As a specialist in reaching this audience, they have now gained over 12 years of experience in the field. James takes some time…
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The risk mood begins to sour again on the day
U.S. futures were largely steady in Asian trading, with S&P 500 futures up 0.2% at the time. This comes despite a heavy sell-off in the region, with the Nikkei closing down more than 3% and hitting its lowest close since late April. This continues to underscore that sentiment is extremely…