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Daily Broad Market Recap – June 26, 2024
Dollar dominance was the name of the game, as risk-off sentiment lifted the safe-haven currency across the board while dragging commodities south. However, stronger than expected inflation data gave the Australian dollar a fighting chance. Read on to see how the rest of the major currencies and asset classes fare!…
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U.S. moves $240m Silk Road Bitcoin to Coinbase
Bitcoin fell 2% after the US government transferred 3,940 bitcoins seized from a Silk Road vendor. Bitcoin (BTC) has come under selling pressure after the US government transferred $240 million worth of cryptocurrencies to a Coinbase Prime address. Arkham Intelligence said the 3,940 BTC sent to Coinbase were originally seized…
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PS contradicts Safaricom, Airtel on Internet outage
An internet outage that hit Kenya on Tuesday at the height of anti-finance bill protests across the country may have been “sabotage”, a senior government official has claimed, adding to the mystery around the incident. Radio and Communications PS Edward Kisianjani said saboteurs may have exploited the demonstrations to discredit…
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Scotia thinks the June BoC cut was a policy mistake
The Bank of Canada’s preferred core inflation measures, such as the trimmed average and weighted average CPI, rose in May, indicating a re-acceleration of core inflationary pressures. Inflation of basic services, including shelter costs, remains very high. Shelter inflation is growing, as rents continue to rise and other drivers of…
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Scotia thinks the June BoC cut was a policy mistake
The Bank of Canada’s preferred core inflation measures, such as the trimmed average and weighted average CPI, rose in May, indicating a re-acceleration of core inflationary pressures. Inflation of basic services, including shelter costs, remains very high. Shelter inflation is growing, as rents continue to rise and other drivers of…
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Somebody Sent Julian Assange $500,000 In Bitcoin
Julian Assange’s Bitcoin wallet received $500,000 worth of Bitcoin from a mystery donor on Tuesday, on-chain data showed. The donation comes after the whistleblower was released from Belmarsh maximum security prison in the UK on Monday, after reaching a deal with US authorities after five years behind bars. Bitcoin brings…
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Strong networks are key to success for business owners
There are many great reasons to start a business – research from American Express reveals that many entrepreneurs start their own business to have the freedom to run their business (51%), enjoy a better work-life balance (42%) and feel happier and more fulfilled (38% ). To ensure long-term business sustainability,…
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Brazil’s Suzano no longer pursuing bid for International Paper- Bloomberg By Investing.com
Investing.com–Brazilian pulp maker Suzano Papel e Celulose (NYSE:) will not pursue a bid for International Paper (NYSE:), after the U.S.-based papermaker cleared a major regulatory hurdle to a merger with Saudi-based DS. United. Smith PLC (LON:), Bloomberg reported on Wednesday. The Bloomberg report dampens earlier speculation that Suzano was considering…
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Brazil’s Suzano no longer pursuing bid for International Paper- Bloomberg By Investing.com
Investing.com–Brazilian pulp maker Suzano Papel e Celulose (NYSE:) will not pursue a bid for International Paper (NYSE:), after the U.S.-based papermaker cleared a major regulatory hurdle to a merger with Saudi-based DS. United. Smith PLC (LON:), Bloomberg reported on Wednesday. The Bloomberg report dampens earlier speculation that Suzano was considering…
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Brazil’s Suzano no longer pursuing bid for International Paper- Bloomberg By Investing.com
Investing.com–Brazilian pulp maker Suzano Papel e Celulose (NYSE:) will not pursue a bid for International Paper (NYSE:), after the U.S.-based papermaker cleared a major regulatory hurdle to a merger with Saudi-based DS. United. Smith PLC (LON:), Bloomberg reported on Wednesday. The Bloomberg report dampens earlier speculation that Suzano was considering…
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Bitrue Crypto Exchange Urges Investors To Go “All-In” On XRP, Here’s Why
popular cryptocurrency exchange, correct XRP Inc. has urged investors to invest fully in XRP, signaling the potential for the cryptocurrency to skyrocket to new levels. Promoting a cryptocurrency exchange for Decline in digital assets It sparked significant backlash from various members of the cryptocurrency community. Bitrue calls for full investment…
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PyroGenesis Provides Update Regarding Receipt of $4.1 Million Payment
This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article author: Posted on June 26, 2024 • 6 minute…
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Dollar rises on hawkish Fed talk; key inflation data looms By Investing.com
The US dollar rose on Wednesday, supported by hawkish comments from Federal Reserve officials, while declining consumer confidence weighed on the euro. At 03:35 ET (08:35 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.2% at 105.480. Dovish Fed comments boost…
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Palestinian Taxi Driver Uses Bitcoin To Save Civilians In Gaza
Countless lives changed on October 7, 2023, and Youssef Mahmoud’s was no different. Even before the war, the Palestinian taxi driver could not bear the role of passive observer of unemployment and hunger, both of which are widespread in daily life in Gaza. In 2022 and early 2023, More than…
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Palestinian Taxi Driver Uses Bitcoin To Save Civilians In Gaza
Countless lives changed on October 7, 2023, and Youssef Mahmoud’s was no different. Even before the war, the Palestinian taxi driver could not bear the role of passive observer of unemployment and hunger, both of which are widespread in daily life in Gaza. In 2022 and early 2023, More than…
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Palo Alto Networks in talks to lease entire Alon 1 tower
Cybersecurity giant Palo Alto Networks (Nasdaq: PANW) is expanding and will occupy half of Alon Tower 1 on Yigal Allon Street in Tel Aviv. The company currently occupies 13 floors in Alon Tower 1, one of two identical towers, and recently leased six more floors and is now in talks…
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The USD and AUD the leaders while JPY and NZD the laggards
It was a good day for the Australian Dollar and the US Dollar, and a less than ideal day for the Japanese Yen and the New Zealand Dollar. The Australian dollar received a boost after a hotter than expected CPI reading and markets saw a roughly 60% change to the…
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Market Outlook Turns Bullish For ADA
The Cardano network recently faced a distributed denial of service (DDoS) attack, a malicious attempt to disrupt its operations. However, Cardano’s decentralized mechanisms and architecture effectively mitigated the attack, ensuring stability and uninterrupted operation. This offer of flexibility has won praise from bullish investors and renewed confidence in the price…
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Market Outlook Turns Bullish For ADA
The Cardano network recently faced a distributed denial of service (DDoS) attack, a malicious attempt to disrupt its operations. However, Cardano’s decentralized mechanisms and architecture effectively mitigated the attack, ensuring stability and uninterrupted operation. This offer of flexibility has won praise from bullish investors and renewed confidence in the price…