News
The adoption of Bitcoin (BTC) could occur more rapidly than the adoption of past disruptive technologies such as automobiles and electric power, with global take-up likely to hit 10% by 2030 according to a new report. In its June 8 report, Blockware Intelligence said it arrived at this forecast by examining historical adoption curves for […]
Oatly Group AB OTLY, -5.09% said Thursday that it has added five heavy-duty electric trucks to its fleet in the U.S. The plant-based dairy company has had electric vehicles in use in Europe since 2020. The company’s goal is to move entirely to sustainable ground transportation by 2029. Oatly is working with its European partner […]
Bloomberg Terminal has increased its coverage to 50 crypto assets to give its institutional investor client base better data about movements within the market. 633 Total views 24 Total shares Financial and technical information platform Bloomberg has vastly expanded its coverage of crypto markets after a decision to include data on the top 50 crypto […]
Shares of cruise operators suffered sharp declines for a second-straight session, amid signs of declining pricing and what that might mean for demand. Carnival Corp.’s CCL, -9.28% CCL, -9.18% stock dove 5.6% in afternoon trading, enough to make it the second-worst performer among S&P 500 SPX, -2.38% components. The next two worst S&P 500 performers […]
Type: Bearish MomentumKey Levels:Resistance: 1989.0Pivot: 1954.5Support: 1887.5Preferred Case:On the H1, price is moving below the ichimoku cloud and along the descending trendline which supports our bearish bias that price will drop from our pivot at 1954.5 in line with the swing high resistance to the 1st support at 1887.5 in line with the swing low […]
Tesla to Bounce?In a note issued this week, analysts at UBS have upgraded Tesla to a buy following the recent plunge in price. Shares in Elon Musk’s iconic company are down around 45% on the year via a combination of broader tech stock weakness in the face of Fed tightening expectations, the impact of the […]