First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended December 7th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 242,000, an increase of 17,000 from the previous weeks revised level of 225,000. Economists had expected jobless claims to dip to 220,000...
The Canadian market closed notably lower on Thursday as stocks tumbled on sustained selling pressure due to weak commodity prices and rising concerns about U.S. President-elect Donald Trumps tariff threats. The benchmark S&P/TSX Composite Index ended with a loss of 246.99 points or 0.96% at 25,410.71, a more than two week low. Materials and energy...
The South Korea stock market has moved higher in three straight sessions, improving more than 120 points or 5 percent along the way. The KOSPI now sits just above the 2,480-point plateau although investors may lock in gains on Friday. The global forecast for the Asian markets is soft, with oil and technology shares likely...
The Japanese stock market has tracked higher in four straight sessions, advancing more than 750 points or 1.9 percent along the way. The Nikkei 225 now sits just beneath the 39,850-point plateau, although its tipped to open in the red on Friday. The global forecast for the Asian markets is soft, with oil and technology...
The Singapore stock market has finished higher in two of three trading days since the end of the two-day slide in which it had fallen almost 30 points or 0.8 percent. The Straits Times Index now rests just beneath the 3,810-point plateau although it figures to turn lower again on Friday. The global forecast for...
Large manufacturing in Japan accelerated slightly in the third quarter of 2024, the Bank of Japans quarterly Tankan Survey of business sentiment showed on Friday with a diffusion index score of +14. That beat forecasts for a reading of +13, which would have been unchanged from three months earlier. The outlook came in at +13,...
ALGO whales have significantly increased accumulation after a 45% drop, signaling potential recovery.If ALGO breaks the $0.315 resistance level, analysts predict a 50% rally toward $0.45. Over the past few days, ALGO has been consolidating within a narrow range but has now broken out, suggesting that bullish momentum may be building. A recent CNF update...
Qiao Wang shifted from Wall Street to crypto, co-founding Alliance DAO to support Web3 startups and advocate for decentralization.He sold his Ethereum holdings, citing Solana’s growing advantages, lower transaction costs, and developer-friendly ecosystem as key reasons for his decision. Qiao Wang is well-known in the cryptocurrency community. Long a force to be reckoned with as...
Bitcoin could hit $700K and Solana $1,800 amid massive liquidity injection, says Abra CEO Bill Barhydt.Lower interest rates, tax cuts, and institutional adoption may drive crypto prices to new all-time highs. Bitcoin could skyrocket to $700,000 this cycle, while Solana aims for $1,800, according to Abra CEO Bill Barhydt. The veteran crypto investor predicts a...
Individual investors own most of Bitcoin, while institutions and governments hold a small percentage.Institutional demand is rising as Bitcoin supply shrinks, and if OTC markets run out, prices could increase significantly. A recent analysis by Bitwise Asset Management reveals that individual investors control the majority of Bitcoin’s total supply, raising concerns about a potential supply...