Category: Eyes
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Freeport McMoran eyes $7.5B expansion of El Abra copper mine in Chile (NYSE:FCX)
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SimoneN/iStock via Getty Images Freeport McMoRanNYSE: FXX) Plan for Spent about $7.5 billion to expand the copper mine in Abra A project in Chile is expected to take seven to eight years to develop due to permitting requirements, Sonnet Chief Executive Kathleen Quirk said Tuesday, according to Reuters. In profits…
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Citi maintains buy on Micron stock, eyes Samsung move By Investing.com
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On Monday, Citi reiterated its buy rating on Micron Technology (NASDAQ:) with a $175.00 price target. The firm expressed concerns that the stock could face short-term pressure. The focal point of these concerns is the expectation that Samsung (KS:) will qualify for its high rating. Bandwidth (NASDAQ:) Memory (HBM) with…
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XRP Price Eyes Upside Break: Will The Gains Keep Rolling?
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XRP price started rising from the $0.540 area. The price is now rising and targeting an upside breakout above the $0.600 resistance area. XRP price started a fresh rally above the $0.580 area. The price is now trading above the 0.580 level and the 100-hour simple moving average. There is…
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XRP Price Eyes Upside Break: Will The Gains Keep Rolling?
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XRP price started rising from the $0.540 area. The price is now rising and targeting an upside breakout above the $0.600 resistance area. XRP price started a fresh rally above the $0.580 area. The price is now trading above the 0.580 level and the 100-hour simple moving average. There is…
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Bitcoin eyes $67k amid CrowdStrike outage debacle
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As traditional systems raced to resolve the CrowdStrike outage, the value of Bitcoin and the cryptocurrency market soared. Decentralized technology proved itself once again on Friday, as a global IT outage disrupted banking, media, travel and a range of everyday operations. Web3 markets have boomed as Web2 activity has slowed…
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Westwater secures offtake agreement, eyes debt financing By Investing.com
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Westwater Resources Inc. (NYSE American: NYSE:) has announced a significant milestone in its latest earnings call, securing a second multi-year offtake agreement with Fiat Chrysler Automobiles (FCA), part of Stellantis (NYSE:) Group, for the sale of Coated Spherical Purified Graphite (CSPG) from its Kellyton Graphite Plant. This agreement ensures that…
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ICYMI – Fed’s Beige Book eyes growth slowing, consumers tightening belts
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From the ForexLive Dictionary: The Beige Book is a report published by the Federal Reserve eight times a year that provides an overview of economic conditions in each of the 12 districts monitored by the Federal Reserve. The report is prepared using information from the Fed’s business contacts, economists, and…
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US retail sales gains more attention as Japan eyes big data to intervene
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The latest yen intervention effort is an out-of-the-ordinary move as Japan appears to be trying out a new strategy. It is relying on weaker US data to push the USD/JPY pair down in particular. Previous: Bank of Japan data suggests Japan also intervened in the foreign exchange market on July…
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Wall Street eyes Walmart’s strategic moves By Investing.com
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About the company Walmart Inc. (NYSE:), a leading global retailer, operates through three segments: Walmart US, Walmart International, and Sam’s Club. The company has evolved into a leading player in the retail industry, known for its low prices and broad range of products and services. With a strong consumer-centric culture…
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Bitcoin mining company TeraWulf pays off debt, eyes AI expansion
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Bitcoin mining company TeraWulf Inc. has paid off its remaining $77.5 million loan ahead of schedule, eliminating all of its outstanding debt. The move gives the company greater financial flexibility to take advantage of growing demand for energy infrastructure, particularly to power AI-generated technology. He said on Tuesday It plans…
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Bitcoin mining company TeraWulf pays off debt, eyes AI expansion
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Bitcoin mining company TeraWulf Inc. has paid off its remaining $77.5 million loan ahead of schedule, eliminating all of its outstanding debt. The move gives the company greater financial flexibility to take advantage of growing demand for energy infrastructure, particularly to power AI-generated technology. He said on Tuesday It plans…
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China’s Ping An eyes up to $5 billion convertible bond, sources say By Reuters
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By Scott Murdoch (Reuters) – China’s Ping An Insurance Co Ltd is considering issuing convertible bonds worth up to $5 billion, people familiar with the matter said. One of the sources said the bonds could raise between $2 billion and $5 billion, and the two sources added that an agreement…
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Daily FX Market Review: JPow Reports Inflation Progress, Eyes Future Rate Cuts
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Federal Reserve Chairman Jerome Powell (“JP Powell”) Mr. Trump began two days of testimony in both chambers of Congress: the Senate Banking, Housing and Urban Affairs Committee today and the House Financial Services Committee tomorrow. In the United States, the Chairman of the Federal Reserve must report to Congress twice…
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Bitget eyes Indian FIU registration following Binance
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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
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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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State eyes Sh56bn passport, immigration fees after Finance Bill fail
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The Treasury is targeting at least Sh55.8 billion in administrative fees and charges for services such as issuing national identity cards, passports, work permits and marriage certificates in the next financial year starting in July, up from Sh28.3 billion last year. The extra billions are crucial in a year when…
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All eyes stay on the Japanese yen ahead of European trading
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It’s all about whether a further rise will cause Tokyo to intervene at this point. It’s mostly a psychological game, you can even think of it as a game of chicken. Do buyers have more determination or does the blame fall on the Japanese authorities instead? The thing to watch…
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Yitzhak Tshuva eyes Isracard stake
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After the Bank of Israel blocked non-banking credit finance company Nawi Brothers Group (TASE: NAWI) from purchasing Isracard (TASE: ISCD), Globes has learned Dilek Group Limited (level:Delicate) Controlling shareholder Yitzchak Tshuva is among those considering investing in the credit card company. Also interested in Isracard, which trades at a market…
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UNI Eyes Set on Further Gains
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UNI price started a new increase above the $9.50 resistance level. Uniswap is showing positive signs and may be eyeing further advances above the $10.00 resistance level. UNI started a new rally above the $9.50 resistance area. The price is trading above the $9.60 level and the 100 hourly simple…
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Nairobi Water eyes Sh2bn for pension debt
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The Nairobi City Water and Sewerage Company (NCWSC) has been given the green light by the Nairobi County Government to avail a Sh2.17 billion long-term business loan to settle outstanding pension debts and avoid mounting penalties. NCWSC, a wholly-owned subsidiary of the Nairobi County Government, owes money to the Local…