Douglas Rissing Weakening consumption and pressure in the housing market are among seven points outlined by Pantheon Macroeconomics about why the Federal Reserve should start cutting rates in the coming months. June’s cooler-than-expected Consumer Price Index inflation report bolstered bets this week that the Fed will start rate cutting atContinue Reading
U.Today – has failed to regain a foothold above $60,000. Unfortunately, it is a negative sign for the asset’s future and might substantially affect the tempo BTC has been gaining on the market. The daily chart shows that substantial resistance amid Bitcoin’s recent attempts to break above the crucial $60,000Continue Reading
U.Today – Check out U.Today’s top three news stories over the past day. Binance CEO faces SHIB army’s pleading to start burning SHIB, here’s why The recent X post by Binance CEO Richard Teng devoted to ETFs and overall high interest in BTC has suddenly attracted the attention of theContinue Reading
ismagilov BofA and J.P. Morgan initiated coverage of newly public healthcare payments platform Waystar (NASDAQ:WAY) with bullish ratings, with BofA seeing the company benefitting from the recent cyberattack on rival UnitedHealth Group’s (UNH) Change Healthcare. BofA started coverage of Waystar with a buy rating, noting that the recent ransomware attackContinue Reading
dima_zel/iStock via Getty Images Amazon (NASDAQ:AMZN) said on Thursday that the production launch of its Project Kuiper satellites would be delayed and start in the fourth-quarter, with beta testing occurring next year. Shares rose 2.1% on Thursday, hitting a new 52-week high, one day after surpassing $2T in market cap.Continue Reading
hh5800 South Korea will start granting aid to chip manufacturers from its 26T won (about $19B) package from July to boost domestic semiconductor manufacturing, Bloomberg News reported. The Asian country will start with an 18T won package, which includes loans and investment capital. In July, eligible companies can be partContinue Reading
U.Today – Here is a summary of the top three news stories over the past day, presented to you by U.Today. More than 140,000 BTC from Mt. Gox hack to be repaid: Market effect According to a recent notice issued by Mt. Gox, it will start repayments in and toContinue Reading
NiseriN/iStock via Getty Images Murphy Oil (NYSE:MUR) CEO Roger Jenkins said he hopes the company will drill its first well offshore Côte d’Ivoire in summer 2025, pending the completion of talks with government officials, Oil & Gas Journal reported Monday. Jenkins reportedly told last week’s J.P. Morgan 2024 Energy, PowerContinue Reading
da-kuk/E+ via Getty Images London (UKX) +0.14% Germany (DAX:IND) +0.35% Germany June Ifo business climate index 88.6 vs 89.7 expected France (CAC:IND) +0.25% Switzerland’s current account surplus widened to CHF16.1B in Q1 2024. The consumer confidence indicator in the Czech Republic decreased further to 101 in June 2024. The pan-EuropeanContinue Reading
