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Big Tech surges as S&P 500 crosses 5,600 for first time
On Thursday, investors will digest one of the most important data points that will shape the Federal Reserve’s future interest rate policy: the June consumer price index. The inflation report, due at 8:30 a.m. ET, is expected to show headline inflation at 3.1%, slowing from a 3.3% gain in May.…
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CNN to cut 100 jobs in major overhaul to focus on digital, memo shows By Reuters
Written by Yuvraj Malik (Reuters) – CNN plans to cut about 100 jobs as part of a plan to consolidate its news operations and strengthen its digital business, according to an internal memo seen by Reuters on Wednesday. CNN International CEO Mark Thompson said in a memo to employees that…
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EIA Bitcoin Mining Data Collection Webinar: A Summary of the Discussions
A webinar hosted by the Energy Information Administration today outlined its plans for future efforts on targeted data collection surveys of U.S. bitcoin mining operations after reaching an agreement on March 1 of this year to halt the previous emergency survey and destroy all records collected during its operation. They…
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EIA Bitcoin Mining Data Collection Webinar: A Summary of the Discussions
A webinar hosted by the Energy Information Administration today outlined its plans for future efforts on targeted data collection surveys of U.S. bitcoin mining operations after reaching an agreement on March 1 of this year to halt the previous emergency survey and destroy all records collected during its operation. They…
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Six Flags falls after Goldman Sachs warns of a bumpy ride to hitting synergy targets
Wirestock/iStock Editorial via Getty Images Six Flags Entertainment CorporationNew York Stock Exchange: Fun) fell on Wednesday after Goldman Sachs issued some cautious comments about the theme park company while it was getting coverage. Analyst Lizzie Dove warned that achieving revenue synergies could be difficult for the new company. “We “FUN…
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Crude oil futures settled at $82.10
West Texas Intermediate crude futures settled at $82.10, up $0.69, or 0.85%. The gains come after three straight sessions of losses, and were driven by positive demand expectations from OPEC and a large drawdown in U.S. inventories. The US Energy Information Administration announced that US oil inventories fell by 3.4…
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Ethereum Rising, 2 Million Addresses Will Be In Money If $3,200 Is Broken
Ethereum, which mirrors the performance of Bitcoin and other altcoins, has returned to above $3,000, days after falling below $2,800. With the second-most valuable cryptocurrency recovering, sparking optimism among token holders and battered traders, a close above $3,200 will be crucial in stimulating demand. Ethereum Rally: Will Bulls Be Able…
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Ethereum Rising, 2 Million Addresses Will Be In Money If $3,200 Is Broken
Ethereum, which mirrors the performance of Bitcoin and other altcoins, has returned to above $3,000, days after falling below $2,800. With the second-most valuable cryptocurrency recovering, sparking optimism among token holders and battered traders, a close above $3,200 will be crucial in stimulating demand. Ethereum Rally: Will Bulls Be Able…
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Jerome Powell is suddenly bearish on the jobs market and it’s a welcome sign for Wall Street
Federal Reserve Chairman Jerome Powell on Wednesday reinforced the message that the central bank is increasingly paying attention to a slowing labor market and not just taming inflation, a shift that suggests it is likely to start cutting interest rates soon. “We are not just an inflation-targeting central bank. We…
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S&P 500 in fresh record high after scaling 5,600 mark for first time By Investing.com
The S&P 500 rose above 5,600 for the first time on Wednesday, led by the technology sector and continued hopes for an interest rate hike sooner, as Federal Reserve Chairman Jerome Powell gave a second day of testimony to Congress, a day before fresh inflation data. At 13:56 ET (17:56…
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Goldman Sachs to launch three tokenization projects
Goldman Sachs is set to launch three token projects targeting institutional clients, with a focus on permissioned networks and private blockchains due to regulatory concerns. Goldman Sachs is preparing to launch three major token projects by the end of the year as part of its strategic expansion into digital assets.…
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Goldman Sachs to launch three tokenization projects
Goldman Sachs is set to launch three token projects targeting institutional clients, with a focus on permissioned networks and private blockchains due to regulatory concerns. Goldman Sachs is preparing to launch three major token projects by the end of the year as part of its strategic expansion into digital assets.…
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Dollar steady ahead of Powell Mark II; euro looks to French politics By Investing.com
The U.S. dollar was steady in early European trading on Wednesday, remaining near a three-week low, after the first day of Federal Reserve Chairman Jerome Powell’s two-day testimony on Capitol Hill, while the euro held steady amid political uncertainty. At 05:25 ET (09:25 GMT), the dollar index, which tracks the…
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47.36 Million ETH Stake in the ETH2 Beacon Deposit Contract
Ethereum 2.0 trading has seen significant growth and reached a major milestone. Thus, the deposit contract for trading Ethereum on Beacon Chain reached an all-time high of 47.36 million ETH this week. Interestingly, this represents 33.9% of the total Ethereum supply. Major Achievement in ETH2 Sharing According to the Data…
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New York working hours increase by 2.4% but productivity drops by 1.8%
A recent study by AI productivity platform Plus Docs, analyzing the latest data from the Bureau of Labor Statistics (BLS), shows a 2.4% increase in work hours in New York for 2022-23, accompanied by a 1.8% decrease in labor productivity. Nationally, average hours worked increased 1.7 percent, and labor productivity…
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European major indices rebound higher in trading today
Major European indices closed higher on the day, recovering from yesterday’s declines. A screenshot of the final levels shows: German DAX, +0.99% French CAC index, +0.86% FTSE 100 +0.66% Spain’s IBEX rises 1.59% Italy’s FTSE MIB rises 1.31% As European traders head for the exits, US stocks are trading back…
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Crypto CEO Predicts Bitcoin Market Trends For The Mid-Term Using Miner Capitulation
Miners are an integral part of the Bitcoin network, and since new supply comes through them, it can be important to track what miners are doing with their coins in an attempt to predict where the market might go in the future. Given this, Ki Young Joo, founder of analytics…
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Crypto CEO Predicts Bitcoin Market Trends For The Mid-Term Using Miner Capitulation
Miners are an integral part of the Bitcoin network, and since new supply comes through them, it can be important to track what miners are doing with their coins in an attempt to predict where the market might go in the future. Given this, Ki Young Joo, founder of analytics…
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Abbott Rips Biden Over Beryl Call: ‘He Just Flat Out Made It Up’
Breadcrumbs Path Links PMN Business Texas Gov. Greg Abbott responded to President Joe Biden’s claim that he had difficulty tracking down emergency funds for hurricane relief, saying the claim was “completely false and outlandish.” Article author: Bloomberg News Julie Fine and Brendan Case Published on July 10, 2024 • Read…