The recent approval of Bitcoin ETFs has had a significant impact on the cryptocurrency market. With investments in these financial instruments amounting to about 9k bitcoins per day, and miners producing only 900 bitcoins per day, the total investment in Bitcoin ETFs is approaching USD 50 billion. This compared to just over USD 90 billion
The automotive industry is experiencing a significant shift towards electric vehicles, leading to a surge in the demand for cutting-edge in-vehicle technology. One of the key players in this space is Ecarx, a company founded by Geely’s Eric Li in 2017. Ecarx specializes in providing software and chip systems for digital car cockpits and driver-assist
The Western Texas Intermediate (WTI) prices took a hit, dropping to $77.75 in Thursday’s early Asian session. This decline can be attributed to the Federal Reserve’s decision to delay the first rate cuts. With rising US oil stocks adding pressure, the WTI benchmark is facing challenges in maintaining its price stability. The Energy Information Administration
The G20 finance ministers faced a contentious discussion over the handling of frozen Russian assets during their recent meeting in Sao Paulo. Western powers were at odds over the issue, with the Group of Seven major democracies divided on whether to use the assets to finance the reconstruction of Ukraine. U.S. Treasury Secretary Janet Yellen
Economic data plays a crucial role in shaping the movements of currency pairs in the foreign exchange market. One of the most closely watched indicators in this regard is the Core PCE Price Index, which measures inflation excluding food and energy prices. Economists are predicting a 2.8% year-over-year increase in the Core PCE Price Index
When faced with a future phone or internet blackout, whether it’s from AT&T or another provider, it’s important for customers to proactively ask for a reimbursement. Many companies do not automatically apply credits for service outages, so consumers need to take the initiative in seeking compensation for the inconvenience. Consumer Advocates’ Advice According to Susan
Gold prices in Pakistan experienced a decline on Wednesday, with the price for 24-carat Gold standing at 18,097.61 Pakistani Rupees (PKR) per gram. This marked a decrease of PKR 146.12 compared to the previous day. The price for 24-carat Gold per tola also saw a drop, falling to PKR 211,086.95 from PKR 212,791.23. These prices
Global markets are currently experiencing an eerie calm as traders await new inflation tests scheduled for later this week. These tests will provide valuable insights into the rate outlooks in both the U.S. and Europe, which are closely monitored by investors. While there were some pockets of excitement in the Asian markets recently, such as
The recent surge in Bitcoin price has been remarkable, with the cryptocurrency surpassing key resistance levels such as $55,000. The 4-hour chart highlights the breakout from a major declining channel, indicating a strong uptrend. Bitcoin’s price has comfortably settled above the $55,000 mark, along with the 100 simple moving average and the 200 simple moving
Baylor University has emerged as a strong competitor in the realm of endowment performance, outshining even some of the prestigious Ivy League institutions. With a $2 billion endowment, significantly smaller than those of the Ivy League, Baylor managed to generate a remarkable 6.4% return for the fiscal year ending June 30. This impressive performance surpassed
The reaction of the Bank of Japan (BoJ) to the inflation numbers plays a major role in influencing the buyer appetite for the USD/JPY pair. While this is important, it is crucial to also consider the macroeconomic environment at play. In a scenario where inflation remains stagnant, Japanese firms are under pressure to meet wage
The latest figures on core inflation rates have sparked uncertainty among investors regarding the Bank of Japan’s stance on negative interest rates. While a core inflation rate of 2.0% could potentially prompt the BoJ to consider exiting negative rates, warnings from the central bank about maintaining accommodative monetary policy post negative rate exit have left