Bitcoin price volatility remains front and center for investors, according to BitMine chair Tom Lee, who warned this week that BTC could still suffer drawdowns of up to 50% even as institutional interest and spot ETFs grow. Lee’s view blends caution with conviction: while he sees a longer-term upside, he says sharp corrections will remain […]
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The US consumer price index (CPI) rose 0.3% in September from the previous month, bringing the annual inflation rate to 3%, the Labor Department said on Friday. The reading came in marginally below economists’ expectations of a 0.4% monthly gain and a 3.1% annual increase, according to a Dow Jones survey. Excluding volatile food and […]
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European stocks opened lower on Thursday as investors processed another heavy slate of corporate earnings reports, with strong results from some companies failing to lift the broader market sentiment. The pan-European Stoxx 600 was down 0.3% shortly after the opening bell, with most sectors in negative territory. France’s CAC 40 led the losses among major […]
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Nissan Motor Co. has sold its Yokohama headquarters for 97 billion yen ($630 million) to a consortium led by Taiwanese autoparts maker Minth Group, as part of a wider plan to shore up its finances. According to a Bloomberg exclusive, the move is a strategic step in Nissan’s ongoing restructuring as it faces its toughest […]
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BT share price rose modestly after the company published mixed financial results. It jumped by over 2.7%, reaching a high of 185p, its highest level in over a week. It remains 16% below its highest level this year as investors watch the progress of its turnaround. BT Group earnings report BT Group, the giant telecom […]
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The USD/TRY exchange rate jumped to a record high last week after Turkey published weak consumer inflation data. It was trading at 41.25, much higher than the January open of 35. This article explains what to expect ahead of the CBRT decision that could impact the carry trade opportunity. CBRT interest rate decision The USD/TRY […]
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US stocks edged lower on Tuesday as investors weighed the prospect of a federal government shutdown against an otherwise strong September for equities. The Dow Jones Industrial Average hovered just below the flatline, while the S&P 500 and the Nasdaq Composite each slipped 0.1%. Shutdown risks have added to broader concerns about a slowing labour […]
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The United States closed the week with a mix of geopolitical tension, domestic political gridlock, and significant corporate developments. President Donald Trump issued a deadline for Hamas to accept a peace proposal, while Washington’s budget impasse extended the government shutdown. Meanwhile, Berkshire Hathaway restructured its leadership, Nissan announced a major recall, and the Federal Reserve […]
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From global politics to corporate megadeals and domestic economic shifts, Friday’s headlines capture major developments. Trump slams India-Russia-China summit ties. Thailand gets its third PM in two years amid political chaos. Musk eyes $1 trillion Tesla pay package tied to massive growth targets. US jobs market stalls with only 22,000 August additions, unemployment hits four-year […]
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Shares of EchoStar jumped more than 17% on Monday after the telecommunications company unveiled a $17 billion deal with SpaceX to sell its AWS-4 and H-block spectrum licenses. The agreement marks the firm’s second major spectrum transaction in recent weeks, further strengthening its balance sheet while advancing SpaceX’s ambitions in satellite-powered mobile connectivity. On August […]
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