Public sector finance and retail sales reports from the UK and current account from the euro area are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK public sector net borrowing and retail sales figures. The budget deficit is expected to...
Marty Bent uses Tales from the Crypt to humanize Bitcoin, focusing on how it impacts people’s lives and financial freedom.Bent emphasizes cautious optimism towards meme coins, recognizing their hype while stressing the risks of speculative trading. For years, Marty Bent has been a major player in the crypto space, and his path across the Bitcoin...
Indian shares rose notably on Tuesday as oil prices fell from recent highs and the BJP overtook opposition Indian National Congress during the second phase of counting in Haryana, holding a lead with 50 seats compared to the Congress 35. Oil prices were down nearly 2 percent in European trade as Chinas National Development and...
European stocks closed lower on Tuesday as concerns about the outlook for global economic growth amid disappointment from the lack of fresh stimulus from China and uncertainty about the timeline for interest rate cuts rendered the mood cautious. Investors also digested the latest batch of economic data from Europe and U.S., in addition to reacting...
-- U.S. stock index futures fell in evening deals on Wednesday, reversing course after a positive session on Wall Street as uncertainty persisted over the scope and scale of the Federal Reserve’s interest rate cuts. While Fed Chair Jerome Powell said that the bank will cut interest rates eventually in 2024, he noted that the...
The Downfall of the Venezuelan State-run Cryptoasset Maduro and his cabinet spearheaded a set of policies that saw the Latin American nation launch its own oil-backed cryptoasset, which it named the Petro (PTR). The government also created Sunacrip, a state-run agency that oversaw crypto policy, as well as a state crypto-powered remittance platform named Patria....
Media and entertainment major Walt Disney Co. on Wednesday raised its fiscal 2024 adjusted earnings growth target after reporting a significant profit in its third quarter, compared to prior years loss. Adjusted earnings for the quarter also topped market estimates on higher revenues. Meanwhile, Disney shares were losing around 4.1 percent on the NYSE, to...
South Korea\'s gross domestic product expanded a seasonally adjusted 0.6 percent on quarter in the fourth quarter of 2023, the Bank of Korea said on Tuesday. That was in line with expectations and unchanged from the previous quarter. Real gross national income increased 0.1 percent on quarter, easing from 1.6 percent in Q3. On the...
Hong Kong legislator Johnny Ng has proposed that Bitcoin be used as an official financial reserve for the region. In a July 28 X post, he said Bitcoin’s global acceptance is continuously growing and is regarded as “digital gold.” He suggested that in the future, it is feasible to consider including Bitcoin in strategic financial...
While reporting financial results for the second quarter on Wednesday, specialty measurement company Waters Corp. (WAT) slashes its adjusted earnings and sales growth outlook for the full-year 2024 and provided guidance for the third quarter, which was below analysts\' estimates. For fiscal 2024, the company now projects adjusted earnings in a range of $11.55 to...