Author: Anthony M. Orbison
Bitcoin has climbed back to $60,000, fueled by anticipation of a Federal Reserve interest rate cut expected next week. Bitcoin’s rally comes as markets prepare for the possibility of a 25-50 basis point rate reduction, a move that many believe could further boost BTC and risk-on investments. Earlier this summer, Federal Reserve Chair Jerome Powell hinted that a rate cut could come as early as September. Speaking on June 12th, Powell noted that the central bank would consider lowering rates once they were confident inflation was moving back toward their 2% target. This week’s announcement that U.S. inflation has dropped…
Staying Disciplined in Trading: Tips and Strategies Discipline is the backbone of successful trading. It’s the ability to stick to a plan, avoid impulsive decisions, and maintain a level head in the face of market volatility. Without discipline, even the most promising trading strategies can quickly unravel, leading to losses and frustration. In this article, we’ll explore the importance of discipline in trading and provide tips and strategies to help you stay on track. Why Discipline is Crucial in Trading Discipline is essential in trading because it allows you to: Stick to your plan: A well-defined trading plan helps you…
huettenhoelscher/iStock Editorial via Getty Images Hyundai Motor Company (OTCPK:HYMTF) and Kia Corporation partnered with Samsung Electronics (OTCPK:SSNLF) to enhance the integration between software-defined vehicles ((SDVs)) and smartphones, aiming to secure a position in the mobility service ecosystem. The signing ceremony was held today at Samsung Electronics Source link
Boeing (BA) has just hit a major snag in negotiating with the roughly 33,000 workers who went on strike earlier this month for higher pay, decreased out-of-pocket health care costs, retirement security, etc.As Boeing loses an estimated $100 million in daily revenue from the strike, according to analysts from Northcoast Research, the company sought to put an end to its suffering with the “best and final offer” it made to employees on Sept. 23, after its previous one was rejected.Related: Boeing delivers hard-nosed message to employees amid strike”After an unsuccessful federal mediation last week, we presented a best and final…
Crypto-natives and fans of Detroit rapper Big Sean flocked to the Lager House, just outside of downtown Detroit, for the third stop of the America Loves Crypto Tour. The event provided both an evening of live entertainment and a call to action to get out the crypto vote in the upcoming 2024 elections following previous stops in Arizona and Nevada.Michigan is considered a battleground state, and the Stand With Crypto Alliance sees the state’s 940,000 bi-partisan Bitcoin and crypto owners — 25,000 of which are Stand With Crypto members — as potentially crucial for the upcoming presidential election. The 2020…
Getting Started with Forex Trading: A Step-by-Step Guide Are you interested in trading in the foreign exchange market? With a vast market of over $6 trillion daily turnover, the Forex market offers a significant opportunity to make profits by buying and selling currencies. However, with so much complexity involved, it’s essential to understand the basics before jumping into the trading world. In this step-by-step guide, we’ll cover the fundamental principles of Forex trading, from setting up your account to executing your first trade. Step 1: Understand the Basics Forex trading involves buying and selling currencies, with each currency being traded…
Chinese markets have given a short-term welcome to an “unprecedented” toolbox promised by Beijing to stabilise capital markets and revive animal spirits, but the bigger concern is whether the measures will be enough to stimulate the faltering real economy.The People’s Bank of China on Tuesday unveiled an Rmb800bn ($114bn) war chest to boost the stock market by lending to asset managers, insurers and brokers to buy equities, and to listed companies to buy back their stock.This was the first time the PBoC had “innovated” and used these types of monetary policy tools to support capital markets, central bank governor Pan…
(Reuters) – The U.S. is investigating several companies, including German software developer SAP SE (ETR:) and Carahsoft Technology, for potentially conspiring to overcharge government agencies over the course of a decade, Bloomberg News reported late on Tuesday. The U.S. Department of Justice (DOJ) lawyers have been investigating since at least 2022 whether SAP illegally conspired with the IT solutions provider to fix prices on sales to the U.S. military and other government entities, the report said, citing federal court records filed in Baltimore. SAP, Carahsoft, and the DOJ did not immediately respond to requests for comment outside regular business hours.…
The closure of a Bitcoin mining facility in the Norwegian town of Hadsel has led to a 20% increase in electricity bills for residents. The mine was shut down after the municipality declined to renew its permit due to noise complaints.Kryptovault operated the mining facility for 20% of local power company Noranett’s revenue. With the loss of its largest customer, Noranett is raising prices for households to compensate.Locals had complained for years about noise from the mine’s cooling fans. However, due to the closure, residents are now faced with paying several hundred dollars more per year for electricity.”When such a…
Global Economic Growth Forecast: How Will it Affect Forex Markets? The global economy has been experiencing a period of uncertainty and volatility in recent years, with many countries facing challenges such as trade tensions, political instability, and slowing economic growth. As a result, investors and traders are closely watching the latest economic growth forecasts to gauge the potential impact on the forex markets. The Latest Forecasts According to the International Monetary Fund (IMF), the global economy is expected to grow at a rate of 3.3% in 2023, down from 3.6% in 2022. This forecast is slightly lower than previous estimates,…