With the Bitcoin price losing its bullish trail, the impact is also visible in the rest of the cryptos, including X Empire, whose price has dropped 11% in the last 24 hours. The X token has barely managed to rise from its weeks-long downtrend with disappointed holders. However, with the recent drop, it is concerning that the token might lose its value in the market, as many altcoins are maintaining
Shiba Inu (SHIB) price, a popular meme-based cryptocurrency, has surged by an impressive 27% over the past week. This rally reflects growing investor optimism, fueled by encouraging market trends and robust signals of further gains. Despite minor corrections impacting the broader crypto market, SHIB has emerged as a standout performer within the meme coin category. Analysts suggest this upward trajectory could begin a parabolic phase, increasing interest among traders and
Goldman Sachs has made a bold move by investing approx. $718 million in Bitcoin ETFs, signaling a surge in institutional interest. This includes significant increases in its holdings in major Bitcoin ETFs such as BlackRock iShares Bitcoin Trust (IBIT) and Grayscale (GBTC). The investment reflects a broader trend of traditional financial institutions embracing cryptocurrencies. This strategic push into the crypto space comes amid growing optimism surrounding Bitcoin future and its
October retail sales grew from the prior month, reflecting continued resilience in the American consumer. Retail sales rose 0.4% in October. Economists had expected a 0.3% spending, according to Bloomberg data. Meanwhile, retail sales in September were revised up to a 0.8% increase from a prior reading that showed a 0.4% increase in the month, according to Census Bureau data. Auto sales drove a majority of the gains in October’s
U.S. import prices register sharpest increase in six months Source link
Pedestrians walk past a Michael Kors store on August 10, 2023 in Chicago, Illinois. Scott Olson | Getty Images Capri and Tapestry called off their merger on Thursday after the Federal Trade Commission successfully sued to block the megadeal. The two U.S.-based luxury houses “mutually agreed” that terminating the merger was in their best interests as they were unlikely to get regulatory approval before the deal was set to expire
Unilever to spin off Ben & Jerry’s Unilever to spin off Ben & Jerry’s, cut 7,500 jobs 00:36 Ben & Jerry’s is suing parent company Unilever, accusing the consumer goods conglomerate of violating an agreement with the ice cream brand’s independent board by muzzling its advocacy of Palestinian rights. Unilever has prevented Ben & Jerry’s from calling for a ceasefire in Gaza four times, breaking a pact that lets its
In this photo illustration, the Bluesky Social logo is displayed on a cell phone in Rio de Janeiro, Brazil, on September 4, 2024. Mauro Pimentel | AFP | Getty Images Micro-blogging startup Bluesky has gained over 1.25 million new users in the past week, indicating some social media users are changing their habits following the U.S. presidential election. Bluesky’s influx of users shows that the app has been able to
Earnest offers fixed- and variable-rate loans with flexible repayment terms and convenient features such as a nine-month grace period and no late payment fees. Source link
Investing.com– Most Asian currencies weakened on Thursday, while the dollar rose to a one-year high on data showing continued stickiness in U.S. inflation, with focus now turning to an upcoming address by Federal Reserve Chair Jerome Powell. Sentiment towards regional markets remained weak after recent stimulus measures from China disappointed, while the prospect of more U.S. protectionism under a Donald Trump Presidency also kept traders biased towards the dollar. Most
