Industrial production and foreign trade from Germany and retail sales from the euro area are the top economic news due on Thursday. At 2.00 am ET, Destatis is slated to issue Germanys industrial output and trade figures. Economists forecast industrial output to grow 0.5 percent on month in November, in contrast to the 1.0 percent...
Department store chain JCPenney announced that it has merged with SPARC Group, a full-service retail enterprise operating Aéropostale, Eddie Bauer, and Forever 21, among others, to launch a new organization, Catalyst Brands. The combination brings together six iconic American retail brands under a unified powerhouse portfolio, aiming to offer better service to customers through combined...
Most Asian stocks fell on Thursday as investors reacted to U.S. President-elect Donald Trumps tariff threats, a buoyant dollar and disappointing Chinese inflation data. The U.S. dollar was underpinned by rising Treasury yields amid expectations that Trumps fiscal and tariff policies may add to price pressures and keep U.S. interest rates higher for longer. Gold...
European shares edged lower on Thursday amid light trading volumes due to a market holiday in the U.S. A cautious undertone prevailed as government bond yields surged on concerns about potential tariffs under Trumps presidency and prospects of fewer interest-rate cuts by the Federal Reserve this year. In economic releases, German industrial output increased 1.5...
The Australian dollar weakened against other major currencies in the Asian session on Thursday, following the release of consumer prices in China in December. Data from the National Bureau of Statistics showed that the consumer prices in China were flat on month in December. That exceeded expectations for a decline of 0.2 percent following the...
German stocks are a bit weak Thursday morning Despite data showing an increase in the nations industrial output in November, German stocks are a bit weak Thursday morning, weighed down by recent weak data on factory orders and retail sales, and concerns over potential tariff hikes by the U.S. The benchmark DAX 30 is down...
Bitwise launches three actively managed ETFs using covered call strategies tied to COIN, MSTR, and MARA.The new ETFs aim to generate income while tracking high-volatility crypto-related stocks like Coinbase and Marathon. Bitwise Asset Management has launched three active options strategy ETFs tracking crypto stocks: MicroStrategy (MSTR), Coinbase (COIN), and Marathon Digital Holdings (MARA). The ETFs...
The Cardano Veridian system integrates Authentic Chained Data Container (ACDC) credentials, enabling secure, verifiable identity sharing without centralized databases.The Veridian launch aligns with Cardano’s broader push into decentralized finance (DeFi). The Cardano Foundation has unveiled a new open-source digital identity system, Veridian. It is intended to provide individuals with more control over their personal and...
Flare System Protocol uses PMWs to securely enable cross-chain transactions without user platform switching.FSP supports future protocols like FAssets V2 and XRP staking on a unified, decentralized foundation. In the middle of rapid innovation in the blockchain world, Flare takes an unusual approach. One protocol that is rarely discussed but actually plays a central role...
US President Donald Trump’s confirmation of imposing tariffs on the European Union, China, etc, has had a toll on the crypto market with Bitcoin falling to $82k.Two upcoming events in the US this week could further put the resilience of Bitcoin to test as analysts anticipate a further decline to $74k. On April 2, US...