The long weekend has not produced any fireworks in Bitcoin (BTC) price, which continues to trade inside an ever-narrowing range. Bitcoin is on track to form a third consecutive Doji candlestick pattern on the weekly chart. This suggests that the Bitcoin bulls and the bears are not clear about the next directional move. It is
Jim Rickards, an economist and the author of “Currency Wars,” says the U.S. Treasury is actually the biggest threat to the U.S. dollar’s status as a reserve currency. However, he cautioned that an increasing number of countries seeking alternatives to the dollar as a payment currency is also “a big deal,” emphasizing: “The dollar is
It was a humiliating moment for the UK’s anti-fraud agency. More than a year after three men accused of defrauding the government were due to stand trial, the prosecution barrister appeared at the Old Bailey empty-handed. Crispin Aylett KC entered no evidence against Richard Morris, James Jardine and Mark Preston, former executives at the security
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The banking industry in the United States is still struggling after the collapse of three major banks. According to statistics, bank lending in the U.S. has dropped by close to $105 billion in the last two weeks of March, which is the largest decline on record. Additionally, Elon Musk, a Tesla executive and owner of
Value Investing is one of the best ways to trade. But not all value stocks are bargains. Learn how to pick and time the best value stocks with the Zacks Rank.
In today’s video David Jones will be talking about one of the simplest trading techniques and that is trading breakouts. Textbooks say that if a trend line breaks, then that’s it – another direction is certain. Well, that’s not exactly true. Patience is key. Making the decisions in the right time at the right price
Richard Baker | In Pictures | Getty Images Only two months ago, SL Green & Co. chief executive Marc Holliday was sounding happy. The head of New York’s biggest commercial landlord firm told Wall Street analysts that traffic to the company’s buildings was picking up, and more than 1 million square feet of space was
Tesla has announced plans to build a factory in Shanghai to produce its Megapack energy storage system, as chief executive Elon Musk resists rising opposition in Washington to US technology companies investing in China. Tesla’s Megapack system provides lithium-ion battery packs to help store renewable energy for electricity grids and represents a key driver for
The U.S. Central Bank has issued an update regarding the Federal Reserve’s Fednow project, which is scheduled to commence in July. The Fed has responded to recent criticism of the Fednow service and asserts that the Fednow payment network is “neither a form of currency nor a step toward eliminating any form of payment, including
China held a second day of military manoeuvres around Taiwan on Sunday in retaliation against President Tsai Ing-wen’s meeting with senior US lawmakers including House Speaker Kevin McCarthy in California. The People’s Liberation Army said units simulated precision strikes on key targets in Taiwan and the waters around it. An animated video released by the
In this article PVH SOFI WMT META ABNB Follow your favorite stocksCREATE FREE ACCOUNT A logo of Meta Platforms Inc. is seen at its booth, at the Viva Technology conference dedicated to innovation and startups, at Porte de Versailles exhibition center in Paris, France June 17, 2022. Benoit Tessier | Reuters Signs of a potential
Investors are loading up on protection against a fresh round of financial turmoil in US regional bank stocks as lenders prepare to reveal how badly their earnings have been squeezed by the troubles that took down Silicon Valley Bank. Regional bank share prices have stabilised since SVB’s collapse sparked a massive mid-March slide, but traders
In his first week as first minister of Scotland’s devolved government, Humza Yousaf visited the city of Aberdeen to tout the North Sea oil and gas powerhouse as the potential “net zero capital of the world”. The Scottish National party government had a “clear vision” for the transition to renewable energies and a 10-year, £500mn
Health secretary Steve Barclay on Sunday accused the UK’s biggest medical union of maintaining a “militant stance” on junior doctors’ pay, ahead of a 96-hour walkout by medics in England over salaries and working conditions. Junior doctors affiliated with the British Medical Association will on Tuesday morning begin four days of industrial action, as they
The writer is president and vice-chancellor of the London School of Economics It is almost impossible to earn a decent income in today’s economy without either university education, further education at college or technical and vocational training. As automation and artificial intelligence make routine and repetitive jobs redundant, this trend towards needing a certificate of
Technology is everywhere and always an unalloyed good. New technologies ultimately create better jobs and more broadly based prosperity. So goes the conventional economic wisdom. But what if it wasn’t true? What if technology had been used — in lieu of strong political and institutional restraints — to put more money in the hands of
The United States dollar has been a hot topic in recent weeks, with multiple reported developments occurring globally which could signal significant moves toward de-dollarization in large economies. Former U.S. congressman Ron Paul also noted this week that if the USD’s influence as a reserve currency is undermined, it might happen later than some expect.
Russia is now ranking second in terms of energy capacities engaged in the extraction of cryptocurrencies, new data suggests. Despite persisting regulatory uncertainty and the negative effects of sanctions, the amount of power devoted to the sector has been growing, reaching record highs this year. 1 GW of Electrical Power Involved in Crypto Mining in
A central bank digital currency (CBDC) may turn out to be the “single largest assault to financial privacy since the creation of the Bank Secrecy Act,” a policy analysis document released by CATO Institute has said. To stop the U.S. Federal Reserve and Treasury from threatening the financial system with the CBDC, the document said
Spreadsheet jockeys work hard to maintain Excel bragging rights. Gone are the days when knowing the VLOOKUP search function won you respect. But worse may be to come. Artificial intelligence could eliminate the need for spreadsheet skills altogether. This will send a cold chill down the spines of financial data ninjas. They habitually moan about