European stocks fell and yields on US government debt rose on Thursday after minutes from the Federal Reserve’s last policy meeting indicated the central bank would resume interest rate increases to stamp out high US inflation. The pan-European Stoxx 600 lost 1.2 per cent, edging towards its lowest point since May, while France’s Cac 40
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According to a Reddit post, a developer has posted an unusual farewell note, apologizing and blaming his online gambling woes after leaving a project in shambles, turning a $2 million valuation into $20,000 within minutes. Several investors in the Encryption AI project have reported that its developer performed a rug pull during a liquidity migration event. As
Binance CEO Changpeng Zhao has delivered his prediction for the next Bitcoin (BTC) bull market. Speaking in a July 5, “ask me anything” session on Twitter, CZ explained how the price of Bitcoin has historically moved in four-year bull cycles. https://t.co/OENe6Ul4ag — Binance (@binance) July 5, 2023 While he admitted that he can’t see the
Investment losses last year eroded funding ratio gains achieved a year earlier by Chicago’s pension system, casting a shadow over a healthy pickup of taxes on the city’s audited financial results. The city’s overall net position for accounting purposes deteriorated to negative $27.6 billion in 2022 from negative $27.1 billion in 2021 due to growth
In this article META MRNA WOLF DWAC Follow your favorite stocksCREATE FREE ACCOUNT Meta Verified displayed on mobile with Meta on screen, seen in this photo illustration, on February 27, 2023 in Brussels, Belgium. Jonathan Raa | Nurphoto | Getty Images Check out the companies making headlines in midday trading. Meta Platforms — Shares of
European stocks followed Asia lower on Wednesday, after service sector data from China fell below expectations, raising concerns that the world’s second-largest economy was struggling to recover after years of severe pandemic restrictions. Europe’s region-wide Stoxx 600 lost 0.4 per cent, dragged down by declines in basic materials and technology stocks, while France’s Cac 40
Recent weeks have seen a surge in interest from traditional finance for crypto-based exchange-traded funds (ETFs). After the Securities and Exchange Commission took issue with its initial filing, BlackRock submitted a fresh application for a Bitcoin ETF on July 3. A week earlier, Fidelity led a crop of investment firms in lodging applications with the
In this article TSLA HAL 9868-HK PDD Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, the Tesla, Inc. logo is displayed on a smartphone screen. Rafael Henrique | Lightrocket | Getty Images Check out the companies making headlines in premarket trading. Tesla — Tesla shares popped nearly 7% after the electric vehicle company
The Russian army has lost half of its combat effectiveness in Ukraine, including as many as 2,500 tanks, and the main push of Kyiv’s counter-offensive is still to come, the head of Britain’s armed forces has said. Admiral Sir Tony Radakin rejected suggestions that Ukraine’s counter-offensive was proceeding slowly, arguing that the pushback against Russia
Hong Kong crypto ETFs’ rise to popularity During a June 28 interview with Hong Kong’s public broadcast agency Radio Television Hong Kong, Peishan Li, chief executive and board member of Hang Seng Investment Management, disclosed that digital asset ETFs listed in the Special Administrative Region (SAR) of China have now surpassed $12 billion Hong Kong
Bitcoin (BTC) has been the “primary focus” for institutional investors over the last two weeks, according to Coinshares, as the cryptocurrency continues to hit new prihighs for 2023. In a July 3 report from CoinShares’ Head of Research James Butterfill, the analyst noted that Bitcoin-related products saw $310.6 million of inflows over the last two
Illinois headed into the new fiscal year with fresh deposits to its rainy-day and pension stabilization funds, a low bill balance, and $1 billion in available general revenue funds — hitting several high marks on some fiscal metrics that had sunk during the state’s budget impasse six years ago. The state ended the year with
People walk by electric truck maker Rivian’s newly opened storefront in the Meatpacking District of Manhattan on June 23, 2023 in New York City. Spencer Platt | Getty Images Check out the companies making headlines in midday trading. Electric vehicles — Electric vehicle makers such as Rivian Automotive surged following Tesla’s better-than-expected second-quarter production and
European stocks and US futures rose on Monday, after better than expected data from China added to bullish momentum driven by large US technology stocks such as Tesla. Europe’s region-wide Stoxx 600 added 0.2 per cent, lifted by strong performance in energy and basic materials stocks. London’s energy-focused FTSE 100 rose 0.3 per cent and
Despite changes introduced by Twitter management since Elon Musk’s takeover, the issue around fake followers remains a persistent problem. As many as 10% of the followers of accounts belonging to crypto influencers and companies are fake, new data from dappGambl has revealed. In April 2023, Musk introduced Twitter Blue — an $8 monthly subscription for verification
Social media platform Twitter is temporarily limiting the number of posts that users will be allowed to read per day, after seeing “extreme levels of data scraping and system manipulation,” according to executive chairman Elon Musk. In a July 1 post, Musk said the temporary limits will see verified accounts capped at 10,000 posts per
A Joby Aviation Electric Vertical Take-Off and Landing (eVTOL) aircraft outside the New York Stock Exchange (NYSE) during the company’s initial public offering in New York, U.S., on Aug. 11, 2021. Michael Nagle | Bloomberg | Getty Images Check out the companies making the biggest moves in premarket trading: Joby Aviation — Joby shares gained
Base, a new layer 2 application-focused protocol by Coinbase has just one criteria left to fulfil before being ready for mainnet launch. On June 29, the team said the Optimism-powered, Ethereum-secured network has been subject to six months of rigorous security audits — both internally and externally — its second-last criteria required for launch. “With
The French government said rioting and looting had calmed as it kept up a heavy security deployment to try to quell the unrest that has exploded in the five days since a fatal police shooting of a teenager. “Quieter night thanks to the resolute action of the police,” interior minister Gérald Darmanin wrote on Twitter
Bitcoin (BTC) gained 12% in June, but one forecast sees the good times soon fading for bulls. In a tweet on July 1, popular trader CryptoBullet admitted that July might not offer much more BTC price upside. Trader: BTC price rally “likely” ending this month Despite a last-minute dive, thanks to a macro news event,
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