With the more closely watched monthly jobs report looming, the Labor Department released a report on Wednesday unexpectedly showing another modest decrease by first-time claims for U.S. unemployment benefits in the week ended January 4th. The report said initial jobless claims slipped to 201,000, a decrease of 10,000 from the previous weeks unrevised level of...
Wholesale inventories in the U.S. dipped in line with estimates in the month of November, the Commerce Department revealed in a report released on Wednesday. The Commerce Department said wholesale inventories slipped by 0.2 percent in November, matching the preliminary estimate as well as economists expectations. The report also said the 0.2 percent uptick by...
The euro dropped against its most major counterparts in the New York session on Wednesday on concerns that implementation of new tariffs by the incoming Donald Trump administration could lift inflation. CNN reported that Trump might declare a national economic emergency to enact tariff strategy. The Federal Reserve will release the minutes of the December...
European stocks closed weak on Wednesday, weighed down by data showing a drop in eurozone economic sentiment in the month of December, and decline in German retail sales and factory orders. Markets also awaited the release of the minutes from the Federal Reserves most recent monetary policy meeting due later today, and U.S. jobs data...
The Japanese stock market turned lower again on Wednesday, one day after ending the two-day slide in which it had tumbled more than 970 points or 2.5 percent. The Nikkei 225 now rests just above the 39,980-point plateau and its likely to hold steady in that neighborhood on Thursday. The global forecast for the Asian...
Brazil court approves sending subpoenas via NFTs to unidentified crypto fraud defendants.NFTs were used to legally reach Bitcoin wallets tied to the BWA Brazil bankruptcy case. An unusual but interesting move has come out of a Brazilian court. Amid legal proceedings involving crypto company BWA Brazil, the court has approved the use of non-fungible tokens...
CoinCodex predicts that XRP, the fourth-largest cryptocurrency by market cap, could surge to $3.78, surpassing its all-time high of $3.40.Analysts suggest that these predictions could hinge on the outcome of the SEC’s closed-door meeting on April 3, as well as the potential approval of an XRP ETF. As of April 1, Ripple’s XRP is trading...
As the leader of BRICS, Brazil is now exploring the possibility of creating a national strategic reserve in Bitcoin.Pedro Giocondo Guerra stressed that establishing a national strategic Bitcoin reserve is increasingly important for Brazil’s public interest and economic prosperity. During the inauguration of Deputy Júlio Lopes (PP-RJ) as the new president of the Parliamentary Front...
Samson Mow has described the current downturn in the Bitcoin market as a temporary dip that misleads traders into expecting further declines.Mow’s analysis indicates that Bitcoin could hit $1 million by 2025, driven by increasing institutional adoption and its growing competition with gold as a store of value. Samson Mow, CEO of JAN3 and a...
GameStop recently announced its Bitcoin purchase, joining the growing list of companies that are integrating cryptocurrency into their financial strategies.Market analysts anticipate that Nintendo, the Japanese video game giant, may follow suit, especially with over $14.88 billion in cash on hand. Nintendo, the Japanese multinational known for its beloved gaming franchises, has historically maintained a...