By Andrey Sychev (Reuters) -German premium automaker Mercedes-Benz on Friday said third-quarter earnings in the core car division plunged by 64%, massively missing analysts’ estimates, as Chinese consumers continued to …
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A look at the day ahead in European and global markets from Kevin Buckland Yields are mercifully lower as the week draws to a close, removing some of the angst …
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Bitcoin News
Indo-Pacific Nations Outpacing the US in Crypto Regulation, SEC Commissioner Says
by skolnesA U.S. Securities and Exchange Commission (SEC) commissioner has urged the U.S. to adopt a more proactive approach to crypto regulation, pointing to the leadership of Indo-Pacific nations like Japan, …
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Cryptocurrency News
Hedge funds have cut most Chinese stock purchase since late September, says Goldman
by skolnesBy Summer Zhen HONG KONG (Reuters) – Global hedge funds dumped China and broader emerging markets shares while buying U.S. equities in a sharp rotation in October ahead of the …
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Bitcoin News
Bank of America Declares Gold the ‘Last Safe Haven’ Asset, Forecasts $3,000 Price
by skolnesBank of America sees gold as the last and ultimate safe-haven asset amid rising U.S. debt, urging traders and central banks to increase their holdings. With concerns over fiscal instability …
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Cryptocurrency News
Billionaire investor David Einhorn says buying HP stock is a cheap way into the AI craze
by skolnesDavid Einhorn of Greenlight Capital.Brendan McDermid/ Reuters David Einhorn said computer hardware maker HP could eventually benefit from AI. HP will likely see “high-teens growth” in the years ahead, he …
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Bitcoin News
Bitcoin 2024 Forecast: Experts Split on $125K Bullish or $40K Bearish BTC Outlook
by skolnesBitcoin’s future value remains a hot topic, with Finder’s latest survey reflecting expert opinions on its trajectory. While BTC is expected to hit $77,636 by the end of 2024, long-term …
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Cryptocurrency News
Trump Media stock soars nearly 200% as momentum traders ride its coattails to chase major returns
by skolnesTrump Media stock is surging over the past month, shooting up 198%. The recent catapult comes after the stock tumbled to an all-time low of $12.15 on Sept. 23. The …
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Bitcoin News
Bitcoin Bill Clears Major Hurdle in Pennsylvania, Signaling Crypto Regulation Changes
by skolnesThe Pennsylvania House of Representatives has overwhelmingly passed a bipartisan bill that protects the rights of residents to self-custody bitcoin and use it as a payment method, while establishing tax …
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Bitcoin News
Wall Street to Surpass Satoshi as Top Bitcoin Holder This Year — Analysts Expect $200K BTC Soon
by skolnesBitcoin could reach $200,000 next year, driven by institutional adoption and major market events, according to a new report. Analysts expect Wall Street to surpass Bitcoin’s pseudonymous creator, Satoshi Nakamoto, …
