A report released by the Labor Department on Thursday showed labor productivity in the U.S. increased by less than expected in the first quarter of 2024. The Labor Department said labor productivity rose by 0.3 percent in the first quarter after spiking by a revised 3.5 percent in the fourth quarter. Economists had expected productivity...
Hong Kong’s entry into the spot Bitcoin and Ether exchange-traded funds (ETFs) market saw six newly introduced ETFs record a trading volume of HK$87.5 million ($11.2 million) on their first day of trading. The figure falls extremely short of the $4.6 billion achieved by the 11 spot Bitcoin ETFs in the United States. These new...
While reporting financial results for the first quarter on Thursday, technology company Aptiv PLC (APTV) raised its adjusted earnings guidance for the full-year 2024, while slashing annual net sales outlook. For fiscal 2024, the company now projects adjusted earnings in a range of $5.80 to $6.30 per share on net sales between $20.85 billion and...
Today, Bitcoin is nearing the $60,000 threshold, with its current price at $59,966 following a 5.75% decline over the last 24 hours. This analysis provides a Bitcoin price prediction by exploring the current market status and forecasting potential future trends. Bitcoin’s trading volume has reached $37.7 billion, solidifying its position with a market cap of...
Higher crude oil prices and comments from Bank of Canada Governor Tiff Macklem that the central bank is getting closer to start cutting rates from over 2-decade highs, indicate a positive start for Canadian shares on Thursday. The market is also likely to benefit from Fed Chair Jerome Powell\'s comments that the next rate move...
Roger Ver, an early investor in Bitcoin-related startups known as “Bitcoin Jesus” has been arrested in Spain and charged with tax fraud. In an announcement, U.S. Department of Justice said an indictment that was unsealed charging Ver with mail fraud, tax evasion and filing false tax returns. The authorities said they have arrested Ver this weekend...
The Bitcoin and Ethereum exchange-traded funds (ETFs) newly issued by China Asset Management Co. provide new investment channels for Chinese currency holders. In an interview with Bloomberg, China AMC CEO Yimei Li stated that these ETFs represent a significant milestone in making cryptocurrency investments more accessible to mainland Chinese investors. Chinese RMB Trading Counter for...
Bitcoin has experienced its most challenging month since the collapse of Sam Bankman-Fried’s FTX empire, as the excitement surrounding US spot Bitcoin ETFs continues to wane. The cryptocurrency’s value plummeted by nearly 16% in April, only slightly better than the decline witnessed in November 2022, according to data accumulated by Bloomberg. The surge in demand fueled by...
Bitcoin’s (BTC) recent price trajectory has fueled speculation and uncertainty, particularly as the cryptocurrency struggles amidst a three-day losing streak. Currently hovering around $57,280, with an intraday low of $56,750, Bitcoin’s performance in the market remains lackluster. This decline coincides with broader market movements, with the global crypto market cap slumping by 6.4%, standing at...
SLB (SLB) announced Thursday the signing of a new long-term strategic collaboration agreement between Equinor ASA (EQNR) and the Subsea Integration Alliance (which comprises OneSubsea and Subsea7). The agreement paves the way for exploratory work to begin on two projects: the Wisting field offshore Norway and Bay Du Nord, off Newfoundland and Labrador, Canada. The...