Day: July 7, 2022
Daily Market Outlook, July 7, 2022 Overnight Headlines Defiant UK PM Johnson Refuses To Quit, Fires Gove On Betrayal UK Tory MPs Fear Snap Election In Trumpian Survival Attempt Fed Sees ‘More Restrictive’ Rates Likely If Inflation Persists US Intelligence Warns China Influence Effort Against States Asia Manufacturers Sweat As US Mulls Tougher Tariff Rules […]
Daily Market Outlook, July 6, 2022 Overnight Headlines UK PM Scrambles To Save Himself, Reshuffles Top Cabinet New Chancellor Zahawi Inherits Faltering Economy, Inflation Tory Rebels Plan Rule 1922 Change To Expel UK’s Johnson Biden Prepares Action To Reshape Trump’s Tariffs On China US Pushes ASML To Stop Selling Chipmaking Gear To China Blinken Plans […]
Shares of CleanSpark Inc. CLSK, -6.25% dropped 5.7% in afternoon trading Wednesday, after the company said it sold more than 300 bitcoin BTCUSD, +0.16% during June at an average price that was 21.4% below sales made the month before. The bitcoin mining company said it fully funded its growth and operations through the sale 328 […]
The crypto custodial service and AI trading platform managed to lose nearly all of its customers’ assets by shorting LUNA, the Terra Classic native token. 1499 Total views 40 Total shares South Korean crypto investment startup platform Uprise reportedly lost around 99% of its assets worth about $20 million when it got liquidated shorting the […]
U.S. stocks closed higher on Wednesday, with the S&P 500 and Nasdaq Composite clinching a third day of gains, after minutes from the Federal Reserve’s latest meeting hinted at another aggressive rate hike from the central bank later this month. The Dow Jones Industrial Average closed 69.40 points, or 0.2%, higher at 31,037.22. The S&P […]
A new legal advisory notice from the US Office of Government Ethics prohibits any employee who owns cryptocurrency from working on Federal crypto regulation. 363 Total views 16 Total shares US government officials who privately own cryptocurrencies are now banned from working on regulations and policies that could affect the value of digital assets. A […]
Shares of GameStop Corp. GME, -2.33% rallied more than 9% in the extended session Wednesday after the gaming retailer said its board of directors approved a 4-for-1 stock split as a stock dividend. Shareholders of record on July 18 will receive a dividend of three additional shares for each their shares held, GameStop said. The […]
Merge trials on testnets are essential to allow Ethereum developers and independent project developers to understand what they can expect when the actual Merge takes place. 162 Total views 31 Total shares Ethereum has now completed its second-to-last major Merge trial on the public test network Sepolia, paving the way for its transition to the […]
Political Instability Rocks PoundThe British Pound is undergoing a sharp shift in sentiment this week. News of major political resignations yesterday have exacerbated the atmosphere of uncertainty and fear among UK investors. While the current UK administration has been no stranger to adversity, scandal and in recent times, almost falling apart, news yesterday of Rishi […]
INGUSD: Macro themes continue to drive financial markets.One does not have to look too far beyond the inverted US yield curve or the collapse in copper to understand that investors continue to re-price global growth prospects lower. Bank of England Governor Andrew Bailey yesterday said that the global growth outlook has ‘deteriorated markedly’. The big […]