Quick Look: Gazprom faces its first net loss since 1999 due to a sharp 55.6% decrease in EU gas exports. Expansion into China through the Power of Siberia pipeline yields lower revenues because of reduced pricing power. Gazprom seeks new revenue from gas processing products amid changing global market prices. Gazprom, Russia’s state-controlled energy giant, …
Gazprom’s $7B Annual Loss Amid EU Sales Drop & Asia Pivot Read More »
Quick Look: Judge William Alsup dismissed X Corp.’s case against Bright Data, criticizing X Corp.’s contradictory data privacy policies. The ruling supports data scraping rights, emphasizing public access to online information, aligned with legal precedents. This decision may influence future digital data regulations and corporate strategies on user data privacy. A recent legal battle involving …
X Corp. Loses $1M Legal Battle on Data Scraping Rights Read More »
Quick Look: RNDR Price experienced a sharp 20% increase, then a 3% dip, settling at $10.93. Surge and correction dynamics show a 27% decline from the peak, affecting market cap and trading volumes. Significant whale transactions and mixed market indicators suggest continued volatility. Render Token (RNDR) has recently demonstrated significant volatility. It has experienced a …
RNDR Price Hits $10.93: 20% Rise and 3% Dip Explored Read More »
Quick Look: Toncoin shows a trading price of $6.88 with a recent 20% weekly rise, though trading volume fell by 64%. Enhanced by its Telegram integration, the recent launch of the Notcoin game attracted 34 million players. Analysts forecast a price target of $10, with current and upcoming support levels at $6.2 and $6. Toncoin …
TON Growth: $23.9B Market Cap and 20% Weekly Increase Read More »
Quick Look: AUD/USD resistance at 0.65, support at 0.64, with fluctuations influenced by economic indicators and Federal Reserve policies. Traders remain cautious, eyeing upcoming US economic data releases; sentiment leans towards modest gains with potential slow declines. Focus on short-term trades, buying on dips, and taking profits near resistance, especially with anticipated market moves in …
AUD/USD Resistance at 0.65, Support at 0.64 Amid Volatility Read More »
Quick Look: The NZD/USD current rate is 0.6000 amid bearish trends, weakening domestic indicators, and strong US data. Reserve Bank of New Zealand hints at a possible rate cut 2024 due to declining inflation expectations. Technical analysis shows NZD/USD nearing critical support, with potential deeper lows if current levels break. The New Zealand Dollar (NZD) …
NZD Falls to 0.6000 USD Amid Weakening Economic Indicators Read More »
Quick Look: Roblox reduced its fair value estimate from $60 to $50 per share due to diminishing player engagement and lowered growth expectations. Implemented platform enhancements and content curation improvements; initial results show a 20% increase in US and Canada DAUs. Following the revised bookings forecast, Roblox shares fell by 24%, reflecting investor concerns over …
Roblox Shares Drop to $50; Faces Weakening Engagement Read More »
Quick Look: Key sectors like property and infrastructure, crucial consumers of steel, show reduced demand. Coal Prices rose 8% in three weeks, influenced by domestic factors and thin inventories. China’s robust solar energy deployment contrasts traditional industries, signalling a shift. The Chinese steel industry, a bellwether for global metal markets, is navigating a challenging landscape …
China’s Steel Slump and Coal Price Surge: A 2024 Outlook Read More »
Quick Look: Musk’s Twitter acquisition led to SEC legal scrutiny over compliance with federal securities laws. Court debates focused on the necessity and conditions of Musk’s further testimony. The outcome may set precedents for corporate governance and regulatory practices. The ongoing legal saga between Elon Musk and the U.S. Securities and Exchange Commission (SEC) has …
Elon Musk’s SEC Saga Intensifies Over $44 Billion Twitter Deal Read More »
Quick Look: WisdomTree Prime launches crypto trading in New York, now in 41 states. Granted NY charter, part of strategic U.S. rollout. Leadership conflicts and criticisms impact company dynamics. WisdomTree Prime officially launched its crypto trading services in New York, marking a major milestone in its expansion. This launch is now making the service available …
WisdomTree Prime Launches in NY, Now in 41 States Read More »
Quick Look: Toncoin is now trading on HashKey, enhancing visibility and market stability. Collaboration with HashKey Group boosts TON’s infrastructure in Asia-Pacific. Recent price jump to $6.04, with a 25% increase over the week, pushing the market cap to $20.9 billion. Toncoin has marked significant milestones with its recent listing on HashKey Exchange. Besides, the …
Toncoin: Listing And Partnership Spurs $20.9B Market Cap Read More »
Quick Look: CAD/USD saw swings from 1.3721 to 1.3761, closing lower at 1.3728, influenced by US economic data and oil price changes. WTI crude oil rose to $77.44, boosting the CAD, while gold’s climb to $2311.03 signalled increased market caution. Upcoming Canadian job reports and US jobless claims are critical, with potential implications for central …
Forex Turbulence: CAD Fluctuation From 1.3747 To 1.3728 Read More »
Quick Look: BoE has decided to keep the interest rate unchanged at 5.25%. 7 out of 9 members supported the decision. GBP/USD saw fluctuations, trading between 1.2600 and 1.2500, with a slightly bearish market sentiment. The BoE signals caution in future rate cuts, dependent on inflation trends and economic data. In its latest policy meeting, …
BoE Holds Interest Rate at 5.25%, Awaiting Economic Shifts Read More »
Quick Look: Bitcoin and Ethereum prices fell by 3% and 1.5%, respectively, amid broader market corrections. Market liquidations reached $145 million, with Bitcoin accounting for $40 million. The GM 30 Index, reflecting the health of global cryptocurrencies, dropped by 2.98%. In the past 24 hours, the cryptocurrency market has witnessed significant price adjustments, with major …
Bitcoin Falls to $57,000, Market Shrinks by 2.3% Read More »
Quick Look: EUR/USD below key levels like the 200-day moving average, showing strong selling pressure. German industrial metrics and Eurozone retail trends are key; US Fed commentary is also critical. Supports at 1.0730 and 1.0700; resistances at 1.0765 and 1.0800. The EUR/USD currency pair faces downward pressure, showing a potential second consecutive daily drop. As …
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