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Ten investment bank forecasts for June US CPI. The median is Core @ 3.4% & Headline @3.1%
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…
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Buy the Bitcoin Dip? Investors Seize Opportunity and Drive $441M Inflows: CoinShares
The recent price weakness caused by Mt. Gox and selling pressure from the German government is likely to be seen as a buying opportunity, as evidenced by the $441 million inflow into cryptocurrency investment products over the past week. During the same period, ETPs recorded a low volume of $7.9…
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Why Intel Stock Surged Today
Intel Corporation (NASDAQ: INTC) Stocks rose in trading on Monday. Semiconductor CompanyAramex shares ended the session up 6.2%, according to data from S&P Global Market Intelligence. Intel shares rose today on positive coverage from an analyst. The chip giant’s stock price also got a boost from excitement surrounding upcoming processors…
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Purdue creditors seek approval to sue Sackler family members By Reuters
By Dietrich Knuth NEW YORK (Reuters) – Creditors of Purdue Pharma Inc on Monday sought permission from a U.S. bankruptcy court to sue the company’s wealthy owners, arguing that litigation could serve as a negotiating tool and fallback option as the maker of the drug OxyContin resumes talks on a…
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Bitcoin Miner Capitulation Still On, Hash Ribbons Suggest
On-chain data shows that Bitcoin Hash Ribbons indicate that miners are still under tremendous pressure as they continue to capitulate. Bitcoin’s tickers have yet to signal the end of miner capitulation in mail On X day, CryptoQuant Community Manager Martin shared what the latest trend in Bitcoin’s hash bars looks…
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Bitcoin Miner Capitulation Still On, Hash Ribbons Suggest
On-chain data shows that Bitcoin Hash Ribbons indicate that miners are still under tremendous pressure as they continue to capitulate. Bitcoin’s tickers have yet to signal the end of miner capitulation in mail On X day, CryptoQuant Community Manager Martin shared what the latest trend in Bitcoin’s hash bars looks…
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Like EM central banks, DM banks will need to keep rates higher for longer – BlackRock
Vertigo 3D Some emerging market central banks have paused interest rate cuts due to inflation concerns, and policymakers in developed markets may also find themselves forced to stick with higher interest rates for longer, the BlackRock Investment Institute said. Brazil, Mexico and Poland are among the Emerging markets are the…
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Deutsche Bank says Trump presidency + China tariffs = EUR/USD @parity
In an interview with Bloomberg TV, Deutsche Bank’s George Saravelos spoke about the main point he made in his talk about the euro: “Imagine a situation where the US erects a massive tariff wall against China.” “All these Chinese goods will have to be diverted to other markets including Europe,…
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Republican National Committee Endorses Pro-Bitcoin Platform in Party Draft
A committee of the Republican National Committee today approved the party’s draft 2024 platform, which strongly supports Bitcoin. On page nine, the project explicitly states: “We will defend the right to mine Bitcoin, ensure that every American has the right to self-custody of their digital assets, and conduct transactions free…
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Interest rates be damned: 3 reasons JPMorgan’s commercial banking clients are optimistic about the U.S. economy
Federal Reserve interest rates, which influence global lending rates, are higher than they have been in 23 years. But that’s not stopping JPMorgan Chase clients from feeling optimistic. In a survey of more than 100 founders and senior business leaders at companies generating up to $2 billion each, more than…
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Hedge funds face losses amid unexpected Tesla rally By Investing.com
Investing.com – A large number of hedge funds that bet against Tesla Inc (NASDAQ:) could now face potential losses, after a surprise surge in the electric car maker’s shares. About 18% of more than 500 hedge funds were short Tesla at the end of June, the highest percentage in more…
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Bitcoin Mining Difficulty Crashes 5% To Lowest Level In 3 Months, What Happens Next?
Recent data shows that Bitcoin mining difficulty is down and has hit its lowest levels since May. This is significant considering what this could mean for the Bitcoin ecosystem, especially Bitcoin price. Bitcoin mining difficulty drops to 79.5 trillion Data From CoinWarz it appears that: Bitcoin mining difficulty It dropped…
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Bitcoin Mining Difficulty Crashes 5% To Lowest Level In 3 Months, What Happens Next?
Recent data shows that Bitcoin mining difficulty is down and has hit its lowest levels since May. This is significant considering what this could mean for the Bitcoin ecosystem, especially Bitcoin price. Bitcoin mining difficulty drops to 79.5 trillion Data From CoinWarz it appears that: Bitcoin mining difficulty It dropped…
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Court halts Kenya Power’s Sh285m emergency towers purchase tender
The High Court has ordered Kenya Power and Lighting Company (KPLC) to stop the award of a Sh285 million contract for the procurement of Emergency Restoration Towers (ERTs) and galvanized steel structures for use in premium customer service schemes and various primary and secondary substations. Emergency response systems are structures…
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Germany Sees Exports & Imports Fall in May 2024
Germany’s trade figures have become clear, and the economic powerhouse seems to be playing the “who can shrink slower?” game in the global market. Despite sharp declines in exports and imports, Germany’s trade surplus managed to widen in May 2024. the The Federal Statistical Office reported on Monday Trade balance…
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Crypto ETFs to form 5% of hedge fund by 2025
Exchange-traded funds (ETFs) are expected to make up 5% of hedge fund and pension fund portfolios by 2025, according to Fiorenzo Manganiello, a leading blockchain expert. Manganiello, co-founder and managing partner of LIAN Group, made the prediction after reports that BlackRock’s Bitcoin exchange-traded fund has raised $16.7 billion in assets…
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Impending tax hike looms for Americans in the UK following general elections
Americans living and working in the UK may face increased tax rates due to the results of the UK general election and the US presidential election in November. “For the Americans, this is the warm-up period before the main event of the US elections in November,” said Alex Street, a…
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This won’t be a quiet hurricane season
Today we have seen the first major hurricane of the year to hit the United States. And it won’t be the last, as hurricane season doesn’t peak until September. The good news is that there are no systems anywhere in the Atlantic that look likely to develop in the next…
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German Government Prepares To Sell Another $900 Million In Bitcoin
The German government began preparing for its largest bitcoin sale to date on Monday, sending $900 million of the digital currency to trading venues. On-chain data from Arkham Intelligence shows that over 16,000 BTC left the exchange’s wallet on July 8, leaving 23,787.7 BTC ($1.35 billion) remaining in its vaults.…
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Why a Spinach Salad is the Ultimate Superfood Meal this Summer
This section is Partnership Content Provided The content in this section has been provided by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumbs Path Links Globe Newswire Article author: Published on July 8, 2024 •…