Author: Anthony M. Orbison

Struggling Jeep and Ram maker Stellantis is looking for a CEO to succeed Carlos Tavares, but the company says it’s just part of a normal leadership succession plan. Tavares has been under fire from U.S. dealers and the United Auto Workers union after a dismal first-half financial performance when the company was caught off guard with too much high-priced inventory on dealer lots. As head of PSA Peugeot, Tavares took control of the Netherlands-based company in January of 2021 when it merged with Fiat Chrysler Automobiles. Its North American operations had been the company’s main source of profits, but have struggled this year amid…

The entertainment sector is made up of a diverse range of companies involved in media production, distribution, and live experiences. This includes film studios, streaming platforms, gaming companies, and theme park operators. Entertainment stocks represent ownership in these companies traded on public exchanges. The sector has undergone significant transformation with the advent of digital streaming and interactive media. Investing in entertainment stocks can offer several potential benefits. These companies often boast strong brand recognition and loyal customer bases. Many have developed recurring revenue models through subscriptions or successful franchises. The sector has shown resilience during economic downturns as consumers seek…

Despite its stance against crypto, China still controls 55% of the Bitcoin mining network even though it has a ban on the asset. Indeed, the country is a key player in BTC mining despite the restriction that was imposed on the asset class more than three years ago.The country maintains control over more than half of the entire global network, according to CryptoQuant CEO Ki Young Ju. In a post to X (formerly Twitter), he discussed the dominance of the industry shifting from the United States. Moreover, he discusses how it has transferred to the Eastern Asian nation.Source: newsbtc.comAlso Read:…

Using Technical Indicators to Improve Your Forex Trading Technical indicators are a powerful tool used by Forex traders to help predict price movements and identify profitable trading opportunities. In this article, we’ll delve into the world of technical indicators and explore how they can be used to improve your Forex trading results. What are Technical Indicators? Technical indicators are mathematical calculations that analyze price action and other market data to generate signals for potential buy and sell trades. These indicators are based on specific formulas and algorithms that try to identify patterns in price movements, such as trends, reversals, and…

(Bloomberg) — Asian stocks advanced after China’s central bank announced stimulus measures in a bid to reach this year’s economic growth target and stem a selloff in the equity market.Most Read from BloombergShares in Hong Kong gained the most, with key benchmarks rallying at least 3%, while onshore Chinese indexes rose more than 2% as authorities said they are studying setting up a stock stabilization fund. The MSCI Asia Pacific Index climbed 0.8%. Most Asian currencies strengthened against the dollar.China is planning at least 800 billion yuan ($114 billion) of liquidity support for stocks and will allow brokerages and funds…

Kelly Ortberg doesn’t have much time.The aerospace industry veteran took over last month as chief executive of Boeing  (BA)  at a critical time in the planemaker’s history.Related: Boeing delivers hard-nosed message to employees amid strikeThe company has been contending with a slew of problems that have severely battered Boeing’s reputation.”While we clearly have a lot of work to do in restoring trust, I’m confident that working together, we will return the company to be the industry leader we all expect,” Ortberg said in a letter to staff.Ortberg latest challenge comes in the form of a strike by 33,000 machinists, who…

. The cryptocurrency world was shaken by another cyberattack, this time involving the Singapore-based exchange BingX. On Friday, the company confirmed that it had suffered a security breach after detecting suspicious outflows from one of its hot wallets. Despite the severity of the situation, BingX assured users that they would be fully compensated and that the majority of assets remained secure. The BingX team communicated the incident through a post on X (formerly Twitter), revealing that they had detected abnormal access to the hot wallet, suspecting a hacker attack. “We immediately initiated an emergency response, including asset transfers and temporarily…

The Power of Trend Following: A Guide to Successful Trading Trend following is a popular trading strategy that involves identifying and following the direction of market trends. In this article, we’ll explore the power of trend following, its benefits, and provide a comprehensive guide to help you get started with successful trading. What is Trend Following? Trend following involves identifying a trend in a financial market, such as a stock, commodity, or currency, and trading in the direction of that trend. The strategy relies on the idea that market trends tend to persist, and that by following these trends, traders…

Phumeza Tisile is a survivor with a warning for the world.The South African healthcare activist almost died from tuberculosis in the early 2010s, after a crucial drug to treat it did not work in her case. At one point, her doctors told her to talk to a priest, as they thought she would not live.Tisile rallied and finally rid herself of the disease in 2013, after more than three-and-half punishing years of treatment. The trauma animated her to campaign to curb the spread of medicine-resistant “superbugs”, such as the one that nearly killed her. This week Tisile will support fellow…

Investing.com– Chinese stocks are primed for a rebound in the coming months, Gavekal Research said in a note, stating that they were undervalued after prolonged underperformance, and that Beijing was likely to unveil more stimulus measures.  In a note dated to Monday, Gavekal said they were “very bullish” on Chinese equities, and advocated staying long on the market. They recommended getting into Chinese stocks before the beginning of the next bull run. The Gavekal note came just a day before China rolled out a barrage of stimulus measures, including a cut to bank reserve requirements, lower mortgage rates and potential…