Category: Takes
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Is Ethereum Poised for Inflation? Supply Reaches New High as Staking Takes Off
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While Ethereum has not been completely consistent in its upward trajectory over the past few weeks, its circulating supply has done the opposite. According to Data From Ultrasoundmoney, the circulating supply of ETH has increased to over 120.72 million ETH as of today. While this increase in supply is not…
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Daily FX Market Review: PPI Data Comes In Soft, Dollar Takes A Hard Dump! ?
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Today, in the United States, the Producer Price Index (PPI) was released and showed an increase of 0.1% In July, which was less than the expected rate of 0.2%. Excluding food and energy, the core PPI remained levelThe core producer price index showed a sharp decline on an annual basis…
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China test-flies biggest cargo drone as low-altitude economy takes off By Reuters
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Written by Ryan Wu BEIJING (Reuters) – China has launched the largest cargo drone yet designed for civilian use, as the world’s biggest drone maker ramps up test flights of autonomous aerial vehicles that could eventually carry everything from takeaway meals to people. The two-tonne, twin-engine aircraft took off on…
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Paramount reports first quarter of streaming profits, plans 15% layoff and takes $6 billion charge on cable business
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Paramount Global (PARA) on Thursday reported a profit in its streaming division for the first time while its linear TV business posted a sharper-than-expected slowdown as the company took a nearly $6 billion loss in the value of its cable business. In a conference call, the company also announced plans…
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Paramount reports first quarter of streaming profits, plans 15% layoff and takes $6 billion charge on cable business
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Paramount Global (PARA) on Thursday reported a profit in its streaming division for the first time while its linear TV business posted a sharper-than-expected slowdown as the company took a nearly $6 billion loss in the value of its cable business. In a conference call, the company also announced plans…
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Inside Mbadi’s in-tray as he takes over at National Treasury
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As new Treasury Secretary John Mbadi took office hours after being sworn in at State House in Nairobi, focus has shifted to a series of promises he made during his vetting process. Among the pledges Mr Mbadi made when he confirmed his approval of the loan last Saturday were promises…
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TrumpCoin (DJT) Takes A 90% Nosedive Amid Crypto Crash
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The cryptocurrency market has been in turmoil, with major digital assets seeing significant price drops in cryptocurrencies in recent months. One particularly noteworthy case is the sharp drop in the value of TrumpCoin (DJT), a cryptocurrency associated with former US President Donald Trump. As cryptocurrencies continue to collapse, DJT has…
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Gold takes a quick dive, erasing today’s gains
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The problem with gold is that it’s a good asset to hold when things are a little bit bad in the markets. But when things get really bad, it gets sucked into the financial maelstrom. That’s what happened at the start of Covid and that’s what’s happening now (to a…
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Njuguna Ndung’u takes a breather after tough run at Treasury
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For Njuguna Ndung’u, his dismissal along with 21 other cabinet ministers two weeks ago marked the end of one of his most difficult tenures as national treasurer. Professor Ndung’u, a quiet economist, took over as Treasury Minister when the country was facing one of its worst dollar shortages, and as…
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This 11.5%-Yielding Dividend Stock Takes Another Small Step Toward a Stronger Future
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Medical Property Fund (NYSE: MPW) The real estate investment company expanded dramatically when interest rates were low. The real estate investment company took on a large amount of debt to build one of the largest hospital real estate portfolios in the world. This rapid growth allowed the real estate investment…
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This 11.5%-Yielding Dividend Stock Takes Another Small Step Toward a Stronger Future
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Medical Property Fund (NYSE: MPW) The real estate investment company expanded dramatically when interest rates were low. The real estate investment company took on a large amount of debt to build one of the largest hospital real estate portfolios in the world. This rapid growth allowed the real estate investment…
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Bitcoin Takes Over Las Vegas Sphere: 1st Crypto Displayed
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Bitcoin (BTC), the largest cryptocurrency by market cap, took over the Las Vegas arena over the weekend. The leading cryptocurrency was showcased on the world’s largest LED screen as part of Crypto.com’s anniversary celebrations. Despite the excitement, discussion has been rife about Dogwifhat’s campaign to bring memecoin to the Las…
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Bitcoin Takes Over Las Vegas Sphere: 1st Crypto Displayed
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Bitcoin (BTC), the largest cryptocurrency by market cap, took over the Las Vegas arena over the weekend. The leading cryptocurrency was showcased on the world’s largest LED screen as part of Crypto.com’s anniversary celebrations. Despite the excitement, discussion has been rife about Dogwifhat’s campaign to bring memecoin to the Las…
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Wall St bounces back after sell-off as Biden exit takes center stage By Reuters
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By Ankika Biswas, Shubham Batra and Lisa Pauline Mattakal (Reuters) – U.S. and Australian stocks recovered some of the previous week’s losses on Monday, as investors reconsidered Republican candidate Donald Trump’s chances of winning a second presidential term after U.S. President Joe Biden dropped out of the race. Biden announced…
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Bitcoin Open-Source Development Takes The Stage In Nashville
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Amid the storm of price action and U.S. politics, it’s easy to forget that the Bitcoin tech scene had its own explosion earlier this year. Now that the dust has settled over the summer, next week’s open source phase at Bitcoin Nashville It is a good opportunity to review the…
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Analysis-Rotation trade takes small caps from dead money to Wall Street darlings
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By Louis Krauskopf NEW YORK (Reuters) – U.S. small-cap stocks are having a long-awaited moment, lifted by expectations of lower interest rates and improved election prospects for Republican presidential candidate Donald Trump, a proponent of policies seen as beneficial to smaller, domestic companies. The Russell 2000 index, which focuses on…
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Crypto Takes Flight – Crypto Cards Are Favored By Growing Number Of Travelers Over Travel Money Cards
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The world of travel is undergoing a profound digital transformation, and cryptocurrencies are at the forefront of this revolution. As technology continues to evolve, traditional travel cards that have long dominated the industry are gradually losing ground to more innovative and cost-effective crypto debit cards. This shift is driven by…
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Crypto Takes Flight – Crypto Cards Are Favored By Growing Number Of Travelers Over Travel Money Cards
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The world of travel is undergoing a profound digital transformation, and cryptocurrencies are at the forefront of this revolution. As technology continues to evolve, traditional travel cards that have long dominated the industry are gradually losing ground to more innovative and cost-effective crypto debit cards. This shift is driven by…
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Slice pensions affair takes toll on savers
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NIS 4.3 billion – it is difficult to think about, especially when it comes to the pensions and savings of 105,000 people accumulated over many years. Their access to funds has now been completely blocked, and for thousands of them it is not at all clear whether they will ever…
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US Supreme Court takes up ‘Dewberry’ trademark dispute By Reuters
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Written by Blake Brittain WASHINGTON (Reuters) – The U.S. Supreme Court on Monday agreed to decide a $43 million dispute between two real estate companies – one in Virginia and one in Georgia – over the rights to the “Dewberry” name in a case exploring when the court can award…