European stocks closed broadly higher on Thursday with most of the major markets extending recent gains, amid rising optimism about interest rate cuts by several central banks. Geopolitical tensions weighed a bit on sentiment and limited markets\' upside. Data showing a much bigger than expected increase in U.S. jobless claims in the week ended August...
As Bitcoin price hovers around $66,400, witnessing a minor dip of 0.50%, market participants are keenly observing its next moves. Amidst fluctuating market conditions, a pivotal aspect to consider is the potential impact of a proposed 30% excise tax on U.S. Bitcoin mining, which could reshape the industry landscape. This backdrop sets the stage for...
By Chuck Mikolajczak NEW YORK (Reuters) - U.S. stocks closed slightly lower on Wednesday, a day ahead of a key inflation reading that could heavily influence expectations for the timing of an interest rate cut from the Federal Reserve. The personal consumption expenditures (PCE) price index, the Fed\'s preferred inflation gauge, is expected to show...
The Singapore stock market on Monday ended the two-day winning streak in which it had advanced almost 50 points or 1.4 percent. The Straits Times Index now sits just shy of the 3,615-point plateau and it may take further damage on Tuesday. The global forecast for the Asian markets is negative with profit taking likely...
In the latest Bitcoin price prediction, the cryptocurrency has climbed to $65,225, marking a 1.50% increase on Sunday. This uptick reflects growing investor confidence, potentially influenced by high-profile investments and bullish market sentiment surrounding digital assets. As Bitcoin continues to draw interest from both retail and institutional investors, its trajectory remains a focal point in...
JAKARTA – Jakarta Stock Price Composite Index (JCI) broke another record throughout today’s (6/9) session. It arrived at 7,733.35 nearing the end of the closing bell at 3.49 PM WIB, higher than 7,700 level recorded yesterday (5/9). Monitoring the board today, JCI shifted positively, bullish at the green zone. Right after the opening bell, the...
Power theft in the Sarawak state of Malaysia for crypto mining has been a growing problem for past several years. Recently, three covert crypto mining operations, suspected of electricity thefts, were uncovered in shophouses and residential homes in Miri region. Representatives from the Sarawak police and Sarawak Energy plant revealed estimated monthly losses of 30,000...
While reporting financial results for the third quarter on Wednesday, United Natural Foods, Inc. (UNFI) raised its adjusted bottom line results guidance for the full-year 2024, while maintaining annual net sales outlook. For fiscal 2024, the company now projects a loss in a range of $1.85 to $1.45 per share and adjusted results between a...
Stellantis (NYSE:STLA), the automotive conglomerate that owns brands such as Chrysler, Jeep, and Fiat under its belt, announced a major partnership with Ayvens, a French leasing and fleet management company. The agreement, valued at several billion euros, entails the sale of up to 500,000 vehicles to Ayvens over the next three years, marking a significant...
Asian stocks rose broadly on Friday as Microsoft and Google\'s parent company Alphabet both beat Wall Street\'s Q1 expectations, offsetting Meta Platforms\' disappointing forward guidance. The yen hit a fresh 34-year low as the Bank of Japan ended its two-day policy meeting with no change to interest rates and the target policy rate. Oil and...