Indian shares may open lower on Friday, tracking weak global markets on concerns whether the U.S. Federal Reserve will be able to orchestrate a soft landing for the world\'s largest economy. Global sentiment remains fragile on concerns about U.S. growth slowing too quickly and inflation remaining stubbornly high. The latest PMI data from the euro...
The current Bitcoin bull market is falling short of the highs of 2017, Russian experts claimed on May 20. The comments came in a Bitcoin- and crypto-themed report from the Roscongress Foundation, one of Russia’s biggest development-focused NGOs and conference organizers. ‘Bitcoin Bull Market Fever Will Falter’ – Experts Weigh in The report’s authors claimed...
Given these technical indicators, Bitcoin’s current trajectory appears somewhat precarious. The cryptocurrency’s immediate future seems to hinge on its ability to either breach the $61,500 threshold with conviction or succumb to selling pressures underscored by its overbought status and potential reversal signals. Thus, while the digital asset exhibits a bullish front above $61,500, the prevailing...
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits increased by much more than expected in the week ended October 5th. The report said initial jobless claims climbed to 258,000, an increase of 33,000 from the previous weeks unrevised level of 225,000. Economists had expected jobless claims to edge...
The Federal Reserve released a report on Thursday showing industrial production in the U.S. fell by much more than expected in the month of July. The report said industrial production decreased by 0.6 percent in July after rising by a downwardly revised 0.3 percent in June. Economists had expected industrial production to dip by 0.3...
Industrial production in South Korea was down a seasonally adjusted 0.2 percent on month in September, Statistics Korea said on Thursday. That was well shy of forecasts for an increase of 1.2 percent following the 4.4 percent gain in August. On a yearly basis, industrial production sank 1.3 percent - again shy of expectations for...
German stocks were modestly higher in cautious trade on Tuesday ahead of the release of Eurozone final inflation data later in the day. Meanwhile, Germanys producer prices continued to decrease on weaker energy prices in July but the overall pace of fall in producer prices slowed further, data from Destatis revealed earlier today. The annual...
SEOUL (Reuters) - South Korea\'s antitrust agency will consider imposing sanctions on Meta Platforms (NASDAQ:META) for allegedly failing to protect some users of online marketplaces operated by Facebook and Instagram against fraudulent transactions, news reports said on Friday. The Korea Fair Trade Commission (FTC) had investigated possible violations of the country\'s e-commerce law and had...
The China stock market has finished higher in back-to-back sessions, gathering more than 40 points or 1.2 percent along the way. The Shanghai Composite now sits just above the 3,320-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets is positive following a sharp drop in the...
While reporting financial results for the second quarter on Monday, ON Semiconductor Corp. (ON) provided earnings and revenue guidance for the third quarter of fiscal 2024, which was in line with estimates. For the third quarter, the company projects earnings in a range of $0.85 to $0.97 per share and adjusted earnings in a range...