Bitcoin, the oldest blockchain on the market, has achieved a record by surpassing one billion transactions. According to Clark Moody’s data dashboard, the Bitcoin (BTC) network has processed nearly 1,000,427,568 transactions in its 15 years of operation. This is an average rate of 6 transactions per second, based on data from the last 30 days, and […]
U.S. stocks rise in anticipation of more results and Fed speeches
Major U.S. market indexes were trading higher on Tuesday, fueled by continued optimism in anticipation of more corporate earnings and upcoming speeches by the Federal Reserve this week. Wall Street posted back-to-back days of gains on Monday. The S&P 500 was up 1%, the Nasdaq Composite was up 1.2% and the Dow Jones Industrial Average […]
Dollar stable after Employment Drop, Yen loses value again
The U.S. dollar gained value at the start of Tuesday’s trading day in Europe, showing signs of recovery after significant declines over the previous weekend, while the Japanese yen continued to lose ground despite intervention warnings. The dollar is stable after Friday’s fall The dollar stabilized on Tuesday, showing small signs of recovery from last week’s losses after non-farm payrolls data failed to […]
U.S. stocks open higher as Fed rate cuts expected
U.S. stocks rose in early trading Monday, as investors increased bets for a September interest rate cut by the Federal Reserve following a weaker-than-expected April jobs report. Nonfarm payrolls data came in weaker than expected Friday’s weaker-than-expected nonfarm payrolls data could prompt the Federal Reserve to prepare for a rate cut later this year. Although the labor market is showing signs […]
The dollar stabilized after the employment data
On Monday, the U.S. dollar stabilized after last week’s decline in the wake of weaker-than-expected nonfarm payrolls data, which prompted market participants to look ahead to the timing of possible interest rate cuts by the Federal Reserve this year. Last week, the U.S. dollar fell to a three-week low amid speculation that the Fed might cut rates from multi-decade highs, […]
U.S. stocks rally supported by Apple momentum
Stocks rose on Friday, supported by better-than-expected results from Apple, although sentiment remained mixed ahead of key nonfarm payrolls data. Apple rises on earnings and share buybacks Apple (AAPL) rose 6% in pre-market trading after the company released results that exceeded prior expectations. The drop in revenue and profit was less severe than anticipated, even […]
Dollar Awaits Jobs Report, Yen Poised for Losses
On Friday, the U.S. dollar is barely losing ground, with market activity quiet ahead of the monthly U.S. jobs report. Meanwhile, the yen is on track for its worst weekly loss in almost a year. The dollar awaits the jobs report The dollar has been in a downtrend for most of the week, following comments by Federal […]
Tether reports its best quarterly profit ever
Tether reported a record quarterly profit of USD $4.52 billion for the first quarter of 2024, largely attributable to its investments in Bitcoin and gold. Tether, the stablecoin issuer, generated its highest revenue in history during the first quarter of 2024, while the cryptocurrency market experienced a significant upward trend. In a recently published financial […]
U.S. stock prices rise
On Thursday, stock index futures rose as investors digested Federal Reserve Chairman Jerome Powell’s comments ahead of Apple’s earnings release. Wall Street’s major indexes closed mixed yesterday, with the Dow Jones Industrial Average gaining about 0.2%, while the Nasdaq Composite and the S&P 500 each fell about 0.3%. Powell says next move will be a cut, though […]
Dollar stabilizes after Powell’s speech
The U.S. dollar stabilized on Thursday after a significant overnight loss, following Federal Reserve Chairman Jerome Powell’s firm dismissal of further rate hikes this year, while the Japanese yen experienced volatility amid speculation of potential intervention. Powell dismisses further rate hikes Federal Reserve Chairman Jerome Powell stated that the battle against inflation is more prolonged than […]