The price of Bitcoin has plummeted. The same goes for the stock of the top cryptocurrency trading company Coinbase Global. Coinbase fell 2% on Tuesday and is currently trading at about $217. It is not far from the historical low and far from the peak price of about $429.50. It has only been two months …
Technology giants that may be spun off due to a series of new antitrust laws, publicly oppose these measures. Lawmakers will debate these measures on Wednesday. Amazon and Google issued statements on Tuesday against these bills. Apple and Facebook are also the targets of the House Judiciary Committee’s investigation into the digital market. However, they …
Tech Giants Say Antitrust Bills Will Hurt Small Businesses Read More »
The latest data showed that Japan’s factory activity grew at the slowest pace in four months in June. The country’s economy was leveling out before Tokyo hosts the Olympic Games in July. Moreover, activity for the private sector declined for a second straight month due to the weaker reading for manufacturing. It continued contracting in …
Factory Activity of Japan Saw the Slowest Rise in 4 Months Read More »
GlobalFoundries, a US-based semiconductor manufacturer, announced Tuesday to build a new manufacturing plant in Singapore to meet unprecedented global chip demand. GlobalFoundries said that it would develop a new facility in cooperation with the Singapore Economic Development Board. Loyal customers will jointly invest in it. According to the company, the development project will invest more …
Hot demand on chips made GlobalFoundries build a new plant Read More »
The greenback paused for breath on June 22 as traders are waiting for the testimony of Fed Chair Jerome Powell for guidance after a surprise shift in the Federal Reserve’s policy outlook. The dollar gained sharply since the central bank last week flagged sooner-than-expected rate hikes. Nevertheless, the dollar declined on June 21 to hand …
The United States Dollar Increased Ahead Of Fed’s Testimony Read More »
The Southeast Asian stock markets finished the session with the majority of increases. The most significant increase was registered in Indonesia. The IDX composite settled with a raise of 1.53%. Meanwhile, Singapore and Thailand ended with losses. The Singapore stock market dropped by 0.28% or 8.67 points. Meanwhile, the Straits Times composite indicator stood at …
According to World Health Organization officials, the highly contagious delta variant is the fastest and fittest coronavirus strain yet. WHO warned that it would pick off the most vulnerable people, especially in places with low coronavirus vaccination rates. Dr. Mike Ryan, an executive director of the WHO’s health emergencies program, announced Delta is likely to …
WHO reported delta is the fastest and fittest COVID strain Read More »
Canada has set determined targets for cutting emissions to combat climate change. However, it suffers a stiff challenge: not only is its economy reliant on oil production, but the Canadian oil industry’s carbon emissions are between the world’s highest for every barrel of oil it pumps. The Canadian oil patch represents the most vexing problem …
The certainty equivalent is a guaranteed return that the investor would accept now, rather than taking a chance on a higher but uncertain return at some point in the future. Put another way, the certainty equivalent is the guaranteed amount of cash that an investor would consider as having the same amount of desirability as …
How to Use Certainty Equivalent in The Modern World Read More »
As China’s crackdown on cryptocurrencies deepened, Bitcoin fell to a two-week low. The largest digital currency dropped by 10% to $32,350. Ether, the second-largest cryptocurrency, fell by 13% too and reached US$1,950. On Monday, China announced it would gather the officials from its biggest bank to participate in a meeting. The subject of discussion for …
Bitcoin drops by 10% as China makes anti-crypto moves Read More »
Dukascopy is the latest Contract for Difference (CFDs) broker to offer cryptocurrency trading services. The broker added CFDs contracts of Litecoin, Ether, and Bitcoin. The broker adds cryptocurrency trading for traders using the MetaTrader 4 Platform. The new services will be in both live and demo trading environments. Crypto CFDs allow for speculative operations without …
Oil prices were mostly steady on Monday on growing demand in the northern hemisphere’s summer driving season. Still, traders propped for a return of Iranian crude supplies, notwithstanding a pause in talks to end U.S. sanctions. Brent crude for August fell 24 cents, or 0.3%, to $73.27 a barrel by 1255 GMT. U.S. West Texas …
The U.S. dollar rose in early European trade on June 21, keeping the positive tone generated last week thanks to Federal Reserve’s position. The country’s central bank decided to accelerate its timetable for raising interest rates. At 2:55 AM ET, the dollar index traded 0.1% higher at 92.267. The index which tracks the greenback against …
Dollar Index Almost Reached its Highest Point Since April Read More »
Amazon, Apple, Facebook, and Google may be forced to overhaul their business practices. On Friday, a bipartisan group of members of the U.S. House of Representatives proposed four Antitrust Bills to control tech giants’ power. These five bills will make it more difficult for dominant platforms to complete mergers. Also, to prohibit them from owning …
The US’s new Antitrust Bills to control Tech Giants’ power Read More »
Indian stock markets closed with gains on Monday. The increases of Reliance Industries, Adani Ports, Special Economic Zone, and Hindustan Unilever supported the stock market earlier. The Nifty settled with a rise of 0.40% at 15,746.50. Meanwhile, Sensex added 0.44% to 52,574.46. Investors will have their eye on the conglomerate’s annual general meeting, which is …
Sensex and Nifty rose, boosted by gains in heavyweights Read More »
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