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Apple okays Epic Games marketplace app in Europe By Reuters
Written by Jaspreet Singh and Fu Yun Che Apple Inc said on Friday it had approved the Epic Games Store app for iPhones and iPads in Europe, after the Fortnite maker escalated its dispute with the tech giant, accusing it of obstructing its efforts to create a game store on…
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Altcoins Bleed As Bitcoin Price Decline To $53,800 Amid Mt. Gox Repayment News
In a market sensitive to every wave of news, Bitcoin’s drop to $53,800, part of a broader cryptocurrency slide, illustrates the volatile nature of digital currencies. A number of factors including liquidation events, shifts in the Bitcoin price against the US dollar, and fluctuations in Bitcoin’s trading volume history contribute…
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The stage is set for 2 rate cuts this year, but investors need to be careful adding more exposure to the stock market, JPMorgan strategy chief says
In this photo taken on May 22, 2020, a car drives past the Federal Reserve Bank building in Washington.Patrick Szymanski/AP Photo Recent data makes the Federal Reserve ready to cut interest rates twice this year, said David Kelly of JPMorgan Chase. The bank’s chief global strategist expects the Federal Reserve…
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Global Market Weekly Recap: July 1 – 5, 2024
Last week was an eventful one for global markets despite the shortened trading week in the US. Politics played a big role with the French elections over the weekend, the UK parliamentary elections and the prospects for the US presidential election likely to grab attention and impact major financial market…
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Crypto Guru predicts shiba inu price rally, WienerAI to surge
Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. WienerAI has generated a lot of buzz, buoyed by a crypto expert’s predictions and a $7 million presale win. Memecoins remain the most traded cryptocurrency, with a lot of excitement…
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Crypto Guru predicts shiba inu price rally, WienerAI to surge
Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. WienerAI has generated a lot of buzz, buoyed by a crypto expert’s predictions and a $7 million presale win. Memecoins remain the most traded cryptocurrency, with a lot of excitement…
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Crude oil scores fourth straight weekly gain as U.S. data indicates solid demand
SlavkoSereda/iStock via Getty Images Crude oil futures fell on the day while recording a fourth straight weekly gain, supported by a much larger-than-expected drawdown in U.S. crude inventories, renewed hopes that the U.S. Federal Reserve will start cutting interest rates soon, and rising geopolitical risks in the United States. The…
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Key events and releases for traders in the upcoming trading week
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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Very Few Bitcoin Mining Machines Profitable Below $56,000: F2Pool Data
On July 5, Bitcoin fell below $54,000, losing more than 6% in the past 24 hours due to growing bearish pressure. The market’s decline intensified after Mt. Gox, an early cryptocurrency exchange that went bankrupt more than a decade ago, began repaying its customers after a lengthy bankruptcy process. The…
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Very Few Bitcoin Mining Machines Profitable Below $56,000: F2Pool Data
On July 5, Bitcoin fell below $54,000, losing more than 6% in the past 24 hours due to growing bearish pressure. The market’s decline intensified after Mt. Gox, an early cryptocurrency exchange that went bankrupt more than a decade ago, began repaying its customers after a lengthy bankruptcy process. The…
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Nvidia AI chips are a ‘huge bottleneck’ but that doesn’t mean regulatory action, EU says
Margrethe Vestager, head of the European Union’s competition commission, has warned of a “massive bottleneck” in Nvidia Corporation AI chips are among the available supplies, but regulators are still deciding whether there’s anything to do about it. “We have asked them questions, but these are just preliminary questions,” she told…
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Talen asks US regulators to reject challenge to Amazon data center deal By Reuters
Written by Leila Kearney NEW YORK (Reuters) – Talen Energy Inc. has asked U.S. regulators to dismiss a challenge to its recent data center deal with Amazon.com Inc. that is being challenged by a group of electric utility companies that say the deal could raise consumers’ electricity bills, according to…
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Shiba Inu: Shytoshi Makes Public Debut
Chitoshi Kusama, the mysterious lead developer behind the Shiba Inu cryptocurrency project, made his first public appearance today at the Infinity Venture Summit (IVS) 2024 conference in Kyoto. The venue, packed with Web3 enthusiasts and developers, served as the backdrop for what many expected to be a revealing moment. However,…
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Shiba Inu: Shytoshi Makes Public Debut
Chitoshi Kusama, the mysterious lead developer behind the Shiba Inu cryptocurrency project, made his first public appearance today at the Infinity Venture Summit (IVS) 2024 conference in Kyoto. The venue, packed with Web3 enthusiasts and developers, served as the backdrop for what many expected to be a revealing moment. However,…
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President Ruto announces Sh177bn budget cuts
President William Ruto has announced Sh177 billion in spending cuts and Sh169 billion in additional borrowing to plug the budget gap left after the withdrawal of the 2024 Finance Bill. President Ruto said in a live address from State House that the government would present a proposal to the National…
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Forexlive Americas FX news wrap 5 Jul: NFP for June sent the USD lower/yields tumbling
The U.S. jobs report showed nonfarm payrolls rose by 206,000 jobs, beating expectations and up from 190,000 previously estimated. However, the details of the report were less than impressive. The revision for the previous two months was -111K. This more than offsets the above-expected growth this month. The unemployment rate…
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The Federal Reserve, Custodia Bank, and the Battle over Sovereignty
Introduction As it moves into the active appeal stage at the Tenth Circuit, the ongoing legal battle between Custodia Bank and the Federal Reserve has garnered significant attention, especially given the involvement of various amicus briefs. A total of seven briefs were filed on July 3rd, the last day for…
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Jonathan Reynolds appointed as new business minister amid calls for SME support
Jonathan Reynolds has been appointed as the UK’s new Business Secretary following Labour’s general election victory. With Labour making ambitious pre-election promises to support small businesses, all eyes are now on Reynolds to deliver on those commitments and drive economic growth. This appointment comes amid growing expectations and aspirations from…
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TD’s chief compliance officer departs amid US anti-money laundering probe By Reuters
TORONTO (Reuters) – TD Bank’s chief compliance officer has left the bank, according to an internal memo, as the Canadian lender faces U.S. regulators and the Justice Department in an investigation into its anti-money laundering program. Monica Kowal, who joined the bank in 2017, left the company this week and…