Bitcoin’s poor trading action in recent months may continue for another month, as traders are in a state of uncertainty. August was particularly challenging for the leading cryptocurrency, with Bitcoin experiencing a 10.25% slide, its worst month since April. Ethereum also dropped significantly, with a 23.66% decrease, marking its third monthly drawdown and worst month
admin
GE Aerospace is poised to emerge victorious amidst ongoing manufacturing challenges faced by Boeing, as stated by Artisan Partners’ Chris Smith. With the introduction of their new leap engine, GE has essentially solidified their position as a monopoly in the industry. This engine is set to power the majority of new narrow-body planes, potentially accounting
The U.S. dollar experienced a slight decline in trading on Monday, with investors eagerly awaiting key labor market data to determine the possibility of Federal Reserve interest rate cuts. The Dollar Index, which measures the dollar against a mix of other currencies, dropped 0.1% to 101.577, after hitting 101.79 earlier in the day. The upcoming
REA Group, a property listings company under the ownership of media mogul Rupert Murdoch’s News Corp, made headlines with its announcement of a potential takeover offer for U.K. property portal Rightmove. This move is seen as a strategic step towards creating a global digital real estate business, leveraging the strengths and resources of both companies
The month of August has been riddled with volatility in the stock market. From lackluster jobs data sparking fears of a recession to a global market sell-off causing chaos, investors have been on edge. The Dow Jones Industrial Average experienced its worst day in almost two years, dropping over 1,000 points. However, despite the initial
The US dollar is facing increasing downward pressure in the upcoming months, with analysts at UBS expressing a bearish outlook for the greenback. This negative forecast is driven by multiple factors, including narrowing interest rate differentials, concerns over the growing US fiscal deficit, and shifting global monetary policies. As a result, UBS has downgraded the
Financial journalist and Bitcoin advisor to El Salvador’s president, Nayib Bukele, Max Keiser, recently shared his thoughts on the rapidly growing national debt of the United States. Keiser took to his social media account, X (formerly known as Twitter), to discuss the concerning issue. He quoted a tweet from @RadarHits X, revealing that the U.S.
In the midst of financial struggles and the impact of engine repairs, airlines that were once eager for new aircraft are now changing their tune. Cash-strapped low-cost and deep discounter airlines are prioritizing saving money over spending billions on new planes in order to return to profitability. Airlines like Spirit Airlines, JetBlue Airways, and Frontier
Recent on-chain data has revealed a significant movement of Bitcoin out of crypto exchanges, with a whopping 40,000 BTC exiting these platforms in the last 48 hours. This movement coincides with a period of lackluster price activity for Bitcoin, prompting speculation that major market players see the current price levels as an attractive buying opportunity.
The U.S. election is widely regarded as a significant factor that could influence the strength of the U.S. dollar in the coming months. Citi strategists have reiterated their view that the election is “US dollar positive,” attributing this to various factors such as trade and tariff policies. The potential for increased tariffs, especially towards China,