November 12, 20240 Comments

OPEC in conundrum as supply surplus risk, slowing demand leaves hard choices ahead By Investing.com

Investing.com — OPEC and its allies, or OPEC+, are facing unfavourable backdrop for the plans to boost production as a potential crude surplus in 2025 and cooling demand will likely continue to blunt any boost to from potential supply disruptions, strategists from BofA said in a Monday note. “OPEC+ has sought opportunities to raise output ever since it started ceding market share in late 2022. The group unveiled an aspirational

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November 12, 20240 Comments

Nissan shares jump more than 20% after activist Effissimo takes stake By Reuters

TOKYO (Reuters) – Nissan (OTC:) Motor shares jumped as much as 20.6% on Tuesday after a filing showed an entity related to activist investor Effissimo Capital Management had taken a stake in the struggling Japanese automaker. In a regulatory filing on Monday, Nissan listed Cayman Islands-registered ECM Master Fund as a shareholder with a 2.5%stake as of end-September. ECM Master Fund is affiliated with Effissimo, according to SEC filings. Source

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November 12, 20240 Comments

Dogecoin Traders Eye $1 Target

Musk has discussed creating a “Department of Government Efficiency,” abbreviated as D.O.G.E, to make government spending more efficient. That has fueled expectation among traders that there could be more chatter of “DOGE” in mainstream media and retail trading circles, fueling attention and interest in dogecoin, as a CoinDesk analysis first noted in mid-October. Source link

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November 12, 20240 Comments

Ethereum Creator Vitalik Buterin Details Vision for New ‘Info Finance’ Branch of Crypto Amid Rise of Polymarket

Vitalik Buterin is outlining his vision for new crypto use cases pertaining to prediction markets following the rise of betting site Polymarket. In a new blog post, Buterin says that prediction markets are just one example of a “much larger incredibly powerful category,” which he dubs “info finance.” Says Buterin, “Info finance is a discipline where you (i) start from a fact that you want to know, and then (ii)

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November 12, 20240 Comments

Bitcoin Price Risks Falling As Mt. Gox Moves 2570 BTC

The crypto market remains on edge despite Bitcoin price noting a strong rally today. Notably, the recent transfers of more than 2500 BTC by Mt. Gox have sparked discussions among investors about how it could hinder the current rally of the coin. In addition, recent reports also indicate that BTC might witness a pullback ahead, citing historical and other market trends. Bitcoin Price Faces Pullback Risk Amid Mt. Gox Transfer

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November 12, 20240 Comments

Will Dogecoin Price Soar To $1.8 After Clearing A 3-Year Resistance?

Dogecoin price recorded 43.4% extended gains over the last 24 hours and is now trading at $0.4050. This increase follows Bitcoin’s aggressive surge to a new all-time high of $89,561. Moreover, the price rise has resulted in a breakout of a 3-year resistance level, which could catapult DOGE’s price back to its previous all-time high and higher, potentially to $1.8. Dogecoin Price Soars Amid Bitcoin Price Explosion Following BTC’s price

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November 12, 20240 Comments

Asian Shares Drop as Traders Weigh Trump Agenda: Markets Wrap

(Bloomberg) — Most Asian shares fell as traders weighed the impact of president-elect Donald Trump’s likely policy agenda and the stronger dollar on regional economies. Most Read from Bloomberg The MSCI Asia Pacific Index slipped for a third day as Treasury yields rose, threatening to lure funds back to US assets. Hong Kong shares led regional equity declines following reports that Trump’s cabinet will include a number of China hawks.

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November 12, 20240 Comments

Mattel faults print error for porn site listed on “Wicked” doll packaging

“Wicked” author Gregory Maguire gives stamp of approval to upcoming adaptation “Wicked” author Gregory Maguire gives stamp of approval to upcoming adaptation 03:44 Mattel’s packaging for its “Wicked” movie doll lives up to its name, but not in a good way.  The toy manufacturer is apologizing after mistakenly including a web address for a pornographic site on the boxes holding the company’s newly launched “Wicked” dolls, rather than the official

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