Author: Anthony M. Orbison

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Israel has struck central Beirut for the first time in a year of fighting, as it expands the offensive against its adversaries across the region.Monday’s early hours strike in the Kola bridge area of Beirut came as two people familiar with the situation said the Israeli military had conducted limited ground incursions into Lebanon.The strike was the first within the city limits of the Lebanese capital since Israel’s 2006 war with Hizbollah. It hit an apartment building, killing three leaders of the…

SHANGHAI/SINGAPORE (Reuters) -Chinese stocks swept to their biggest single-day gains in 16 years on Monday, with domestic A-shares registering their highest ever turnover, as investors scrambled to join a searing rally sparked by Beijing’s latest raft of stimulus measures. The CSI300 blue-chip index is now up nearly 30% from its February trough, which by some market definitions suggests it is in a bull market, but much of the gains have happened very quickly and over a few sessions since last week. Many traders, fearing they may miss out of the upsurge ahead of a week-long holiday starting on Tuesday, helped…

Este artículo también está disponible en español. Crypto analyst Astronomer (@astronomer_zero) posits a strong bullish outlook for Bitcoin in the fourth quarter of 2024. Leveraging historical data, Astronomer provides an analysis via X, suggesting an 82% probability of an ultra bullish trend based on the performance of Bitcoin in September. The crypto analyst opens his analysis with an emphasis on the unexpected positive performance of Bitcoin in September. “September is about to close and to the general public’s surprise, it’s looking like it’s going to be green (by a long shot), with the chance of setting the greenest September in…

Volkswagen AG’s second profit warning in three months makes one thing clear: Europe’s biggest automaker is in decline. The German manufacturer on Friday slashed expectations for revenue, profit and cash flow due to waning demand for its cars. The company now expects to deliver fewer vehicles this year than in 2023 — its fourth annual sales slump in five years. The warning underscores the extent of the crisis at Volkswagen, which has bungled a transition to electric vehicles and lost relevance in China, where its VW, Audi and Porsche brands are hemorrhaging market share. In Europe, Chief Executive Officer Oliver Blume faces…

One of the great questions about artificial intelligence is if or when the people running these organizations can show profits from their efforts and products. It’s an important challenge for the AI world. Billions are being spent on AI development and products around the world. The technology is touted as the most important development in technology since the Internet emerged in the 1990s.The short answer may be: Not many, at least not yet. Related: Veteran fund manager highlights lurking stock market riskTake Open AI, the San Francisco-based startup behind ChatGPT. The organization is slowly transforming itself from a non-profit into a for-profit…

In January of this year, the US Securities and Exchange Commission (SEC) approved the first crypto-based ETF in the United States. With a plethora of issuers for the inaugural Spot Bitcoin ETF, BlackRock was among the most notable, with many pondering just how much BTC the asset manager holds in 2024.JUST IN: BlackRock has purchased 359,279 #Bitcoin worth over $23 billion since January 2024.— Watcher.Guru (@WatcherGuru) September 25, 2024BlackRock stands alone in regard to traditional finance firms that have turned to Bitcoin this year. Indeed, the $10 trillion asset manager’s CEO, Larry Fink, went as far as to call the…

(Bloomberg) — Chinese stocks extended one of their most remarkable turnarounds in history, soaring for a ninth straight day as government stimulus entices investors back to one of the most beaten-down markets worldwide.Most Read from BloombergThe CSI 300 Index jumped as much as 9.1% on Monday, the most since 2008, as traders rushed to buy shares in the last session before a week-long holiday. The index, which lost more than 45% of its value from a 2021 high through mid-September, has since soared more than 20% — heading for a technical bull market. Its rally last week was the biggest…

Investing.com – European stock markets retreated Monday, the last day of September, as investors digested a series of local economic releases as well as the differing performances of the major Asian indices.  At 03:05 ET (07:05 GMT), the in Germany traded 0.3% lower, the in France fell 0.5% and the in the U.K. dropped 0.12%. Differing Asian influences The tepid start to the week comes after the benchmark pan-European index closed at a fresh record high on Friday, boosted by China’s announcement last week of a range of stimulus measures that aim to boost the world’s second-largest economy, also a…

. In the dynamic world of cryptocurrency, where meme coins have carved out a significant niche, Floki, the popular meme coin project, has just announced a groundbreaking collaboration with Binance, the global crypto exchange behemoth. This partnership will enable Floki token holders to receive a highly anticipated airdrop of Simon’s Cat tokens directly into their Binance accounts. The news, which was shared in a recent blog post by the Floki team, has generated considerable excitement within the crypto community. The airdrop, scheduled for August 29, 2024, will see Binance taking a snapshot of FLOKI holdings on its platform, with eligible…

Sep. 30, 2024 1:26 AM ETEWJ, JEQ, FXI, PGJ, EWH, DXJ, CAF, FXY, USD, GXC, TDF, CHIQ, YINN, YANG, CQQQ, MCHI, CXSE, KWEB, ASHR, KBA, CWEB, KURE, AS51, NKY:IND, SHCOMP, HSI, SENSEX, AUD:USD, NZD:USD, JPY:USD, CNY:USD, INR:USD, HKD:USDBy: Meghavi Singh, SA News Editor Nikada Asia-Pacific markets trade mixed on Monday; stocks in mainland China spiked over 6% on mixed PMI data, while Japan’s Nikkei tumbled 4.64% on Monday on Ishiba’s dovish remarks and as investors assessed key economic data from the two countries. The Japan (NKY:IND) down -4.97% to around Source link