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Tesla stock pops 6%, extends rally as ‘Mojo back for Musk’ after latest delivery data
Tesla shares extended gains on Wednesday, rising more than 6% after jumping 10% on Tuesday, as Wall Street focused on the electric carmaker’s better-than-expected quarterly vehicle delivery results. Tesla’s stock is now up more than 70% since its low in late April. Tesla announced this week that it has produced…
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Rupee to trade in narrowest range in about 30 years on RBI’s actions: Reuters poll By Reuters
Written by Anant Chandak BENGALURU (Reuters) – The Indian rupee will trade in its narrowest range in nearly three decades next year as the Reserve Bank of India continues to maintain a tight grip on currency movements, a Reuters poll showed. While most emerging market currencies have underperformed against the…
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Swedish Asset Manager Praises XRP For This Major Feature
Swedish asset manager Virtune XRP has praised a key feature of its cryptocurrency. The praise comes after the company launched its digital currency Exchange Traded Product (ETP)which will allow investors to gain exposure to XRP. XRP is the “ideal choice” for international transfers in press release In announcing the launch…
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Swedish Asset Manager Praises XRP For This Major Feature
Swedish asset manager Virtune XRP has praised a key feature of its cryptocurrency. The praise comes after the company launched its digital currency Exchange Traded Product (ETP)which will allow investors to gain exposure to XRP. XRP is the “ideal choice” for international transfers in press release In announcing the launch…
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Stock Market News Today: Markets notch new all-time high after economic data (SP500)
The Standard & Poor’s 500 index of U.S. stocks on Wall Street on Wednesday hit an all-time daily high, after fresh economic data supported a scenario in which the Federal Reserve will be able to start easing monetary policy. Traders will see a cut session. Ahead of the Independence Day…
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Atlanta Fed GDPNow growth estimate for 2Q falls to 1.5% from 1.7%
The Atlanta Fed lowered its GDP growth estimate for the second quarter of 2015 to 1.5% from 1.7% after the latest data. In their words: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2024 is 1.5 percent On July 3, down…
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Lightspark Enables Institutions To Use The Bitcoin Lightning Network
Company Name: spark of light Founders: David Marcus, Kevin Hurley, Christina Smedley, James Everingham, Christian Catalini, Jay Massari and Tomer Barrell Date of Establishment: April 2022; Series A May 2022 Headquarter Location: Los Angeles, California Amount of Bitcoin in the vault: Unavailable Number of Employees: 45 website: https://www.lightspark.com/ Public or…
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Lightspark Enables Institutions To Use The Bitcoin Lightning Network
Company Name: spark of light Founders: David Marcus, Kevin Hurley, Christina Smedley, James Everingham, Christian Catalini, Jay Massari and Tomer Barrell Date of Establishment: April 2022; Series A May 2022 Headquarter Location: Los Angeles, California Amount of Bitcoin in the vault: Unavailable Number of Employees: 45 website: https://www.lightspark.com/ Public or…
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July 4 holiday will see record traffic
Planning a trip for the Fourth of July? You’re not alone. Aaaa Their number is estimated at about 70.9 million people. About 100,000 people will travel on the road in some form this year, traveling 50 miles or more from home. That’s a 5% increase from last year and 8%…
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Hapag-Lloyd CEO sees solid shipping demand driving up freight rates By Reuters
FRANKFURT (Reuters) – Strong demand for container shipping has pushed freight rates higher in the past two months, Hapag-Lloyd Chief Executive Rolf Habben Jansen said on a call with reporters on Wednesday. He said attacks on ships by Yemen-based Houthi militants had prompted shipping companies to avoid the Red Sea,…
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Will AVAX Break Out And Reach $65?
Avalanche (AVAX), a smart contract platform known for its fast transaction speeds, is stirring up excitement in the cryptocurrency world. As the recent price drop comes to an end, analysts are looking forward to a potential rally that could push Afax TNew highs. However, amid the bullish whispers, experts advise…
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Will AVAX Break Out And Reach $65?
Avalanche (AVAX), a smart contract platform known for its fast transaction speeds, is stirring up excitement in the cryptocurrency world. As the recent price drop comes to an end, analysts are looking forward to a potential rally that could push Afax TNew highs. However, amid the bullish whispers, experts advise…
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Kenya economic growth slows down to 5pc in first quarter
Kenya’s economy grew at a slower pace of 5% in the first three months of 2024 compared to 5.5% in the same period last year, in a period of turbulent business environment and high interest rates. A report released by the Kenya National Bureau of Statistics showed that all sectors,…
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Dollar slips after dovish Powell speech; euro gains ahead of French vote By Investing.com
The US dollar fell in early European trading on Wednesday after Federal Reserve Chairman Jerome Powell signaled progress toward lowering inflation, while the euro rose ahead of the second round of French parliamentary votes. At 04:35 ET (08:35 GMT), the dollar index, which tracks the greenback against a basket of…
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Abra Starts Treasury Service For Corporate Clients
As the cryptocurrency landscape continues to mature, smart institutions are looking for secure and efficient solutions to manage their digital asset holdings. Abraa prominent player in the cryptocurrency management space, recently launched a pioneering treasury service specifically designed for corporations, family offices, and non-profit entities. It’s worth noting that Abra…
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One way to get real-life legal experience? A free trip to the Paris Olympics
Breadcrumbs Path Links PMN Business Article author: Associated Press Jonathan Landrum Jr. Posted on July 03, 2024 • Read for 4 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content LOS ANGELES (AP) — Once a year, law…
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US stocks are trading marginally higher ahead of the early Independence Day close
Major U.S. stock indexes are trading mixed in early trading ahead of an early close at 1 p.m. Tomorrow, the U.S. stock market will be closed in observance of the Independence Day holiday. The bond market closes today at 2 p.m. ET and will be closed tomorrow as well: The…
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Bitget eyes Indian FIU registration following Binance
Bitget, a major cryptocurrency exchange, is working with Indian regulators to secure the necessary licenses to operate in compliance with local laws. On July 3, the company announced that it is in ongoing discussions with India’s Financial Intelligence Unit (FIU) to obtain Virtual Asset Service Provider (VASP) registration. 1/ We…
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Bitget eyes Indian FIU registration following Binance
Bitget, a major cryptocurrency exchange, is working with Indian regulators to secure the necessary licenses to operate in compliance with local laws. On July 3, the company announced that it is in ongoing discussions with India’s Financial Intelligence Unit (FIU) to obtain Virtual Asset Service Provider (VASP) registration. 1/ We…