Long-term holders of Bitcoin are starting to sell off their holdings of the cryptocurrency, signaling that the bull market has “definitely begun,” according to data released on Monday from investor and entrepreneur Anthony Pompliano. “This shouldn’t be a surprise — as the price of Bitcoin rises, some percentage of holders are willing to sell their...
A report released by the Federal Reserve on Tuesday showed industrial production in the U.S. increased in line with economist estimates in the month of March. The Fed said industrial production climbed by 0.4 percent in March, matching the upwardly revised advance in February. Economists had expected industrial production to rise by 0.4 percent compared...
French stocks declined on Thursday as uncertainty over Fed rate cuts deepened and Israel forces pushed ahead with attacks on Rafah. Traders also awaited the outcome of a Bank of England policy meeting later in the day for further direction. The benchmark CAC 40 was down 12 points, or 0.2 percent, at 8,119 after climbing...
Indian shares opened a tad lower on Monday as French elections pointed to a hung parliament and investors looked ahead to the release of the U.S. inflation print for June as well as Federal Reserve Chair Jerome Powell\'s testimony this week for additional clues on the Fed\'s rate trajectory. The benchmark S&P/BSE Sensex dropped 180...
By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration said the agency\'s 737 MAX production audit into Boeing (NYSE:BA) and supplier Spirit AeroSystems (NYSE:SPR) found multiple instances where the companies allegedly failed to comply with manufacturing quality control requirements. The FAA also said it found \"non-compliance issues in Boeing’s manufacturing process control, parts handling and...
Canadian stocks climbed higher on Thursday, tracking gains on Wall Street where stocks rallied sharply after data showed a bigger-than-expected increase in U.S. retail sales last month, and a drop in weekly jobless claims. The benchmark S&P/TSX Composite Index ended with a gain of 272.71 points or 1.2% at 23,032.72, slightly off the days high....
The U.S. dollar weakened against its major counterparts in the New York session on Thursday, as a downgrade of inflation forecasts by the European Central Bank intensified hopes for a rate cut in June. The ECB left the key interest rates unchanged and lowered inflation forecasts for this year and the next. The central bank...
Tesla has moved nearly all of its Bitcoin holdings, valued at $765 million, to new unidentified wallets after two years of inactivity.Some believe the transactions could be linked to an OTC deal, but it’s not confirmed. Tesla, the electric vehicle manufacturer led by Elon Musk, has transferred all of its Bitcoin holdings, valued at over...
The Malaysia stock market on Monday wrote a finish to the three-day winning streak in which it had gathered more than 10 points or 0.7 percent. The Kuala Lumpur Composite Index now rests just above the 1,620-point plateau although it figures to bounce higher again on Tuesday. The global forecast for the Asian markets is...
JAKARTA. PT Perusahaan Gas Negara Tbk (PGAS) posted a net profit of US$186.6 million in the first semester (1H) 2024, growing 28.4% year-on-year (yoy) or from the same semester last year. This growth is in line with PGAS revenue performance in 1H 2024 which reached US$1.4 billion. The companys revenue in this period rose 3.08%...