This week Bitcoin (BTC) price has struggled to overcome resistance at $9,600 and at the time of writing the top-ranked cryptocurrency on CoinMarketCap is finding support near $9,400. Crypto market daily performance. Source: Coin360 Technical analysis shows there is a strong support level at $9,270 and if Bitcoin price dropsRead More →
After physically taking over the Beijing Bitmain office, ousted CEO Micree Zhan is reportedly regaining control and is blocking the delivery of Bitmain products from its Shenzhen factory. According to sources of Chinese publication BlockBeats, Zhan issued an order prohibiting employees from shipping products to Bitmain’s customers. The reason forRead More →
© Reuters. FILE PHOTO: Paris Auto Show By Rajesh Kumar Singh (Reuters) – Harley-Davidson Inc (N:) on Friday named a board member hailed for turning around the Puma brand’s near-bankrupt business as its interim chief as the motorcycle maker gropes for an effective strategy to woo young customers and reviveRead More →
By Wayne Cole SYDNEY (Reuters) – Asian share markets were praying for a reprieve at the end of a punishing week as investors snatched at hopes the coronavirus could be contained, even as headlines spoke of more cases and deaths. Sentiment got a timely boost when Amazon’s sales blew pastRead More →
Oracle Corp. shares dropped in late trading Thursday as the software giant’s struggle to increase revenue continued. The software company posted better-than-expected earnings for its fiscal second quarter but came up a bit short on revenue, where it has struggled for years. Oracle ORCL, +0.28% reported a year-over-year revenue increaseRead More →
© Reuters. By Geoffrey Smith Investing.com — It’s been a tough week for the oil and gas sector. The price of its main commodity has risen by over $2 – nearly 4% – as the cartel that produces over 40% of the world’s output has moved toward a significant tighteningRead More →
By Hideyuki Sano TOKYO (Reuters) – Global bond yields flirted with record low levels while stocks struggled to recover on Thursday as economic turbulence from intensifying U.S-China frictions and the specter of a no-deal Brexit drove investors to safer harbors. MSCI’s broadest index of Asia-Pacific shares outside Japan was flatRead More →
By Jonas Ekblom BRISTOL, Pa. (Reuters) – When Europe’s tariffs on U.S. whiskey hit in June 2018, craft distillery Mountain Laurel Spirits LLC lost 10% of its sales overnight as its European distributor simply stopped buying its award-winning Dad’s Hat Pennsylvania Rye Whiskey. Foreign governments subject to U.S. President DonaldRead More →
British stocks languished on Wednesday, with worries about the health of the global economy returning to pressure equities. The U.K. FTSE 100 UKX, -0.53% fell 0.33% to 7227.23 and the mid-cap FTSE 250 MCX, -0.40% dropped 0.3% to 18947.80. Europe stocks also were lower, as were U.S. stock futures ES00,Read More →
© Reuters. Steinhoff says will struggle for profitability: presentation CAPE TOWN (Reuters) – Steinhoff (J:) will struggle to turn a profit in coming years despite strong turnover as it restructures following an accounting scandal, the South African retailer said in a presentation to investors on Tuesday. Steinhoff in July reportedRead More →
Stocks struggled to defend gains Friday on disappointing earnings from Dow components Exxon Mobil Corp. and Intel Corp., but stronger-than-expected first-quarter U.S. GDP growth helped to offset some of the pressure. How are the benchmarks faring? The Dow Jones Industrial Average DJIA, +0.08% rose 10 points to 26,472, while theRead More →
© Reuters. FILE PHOTO: Brown coal fired power plants of RWE, one of Europe’s biggest utilities in Neurath near Cologne By Christoph Steitz FRANKFURT (Reuters) – RWE forecast core earnings could fall by a fifth this year, as Germany’s largest electricity producer struggles to halt a decline in profitability atRead More →
European markets struggled for direction on Wednesday, as investors reacted to another Brexit defeat for U.K. Prime Minister Theresa May. How did markets perform? The Stoxx Europe 600 SXXP, +0.31% added 0.2% to 374.12, after finishing flat on Tuesday evening. The U.K.’s FTSE 100 UKX, +0.13% was also flat atRead More →
European stocks were down on Tuesday, as investors responded poorly to earnings from HSBC and BHP Group while trade negotiations between the U.S. and China continue in Washington. HSBC Holdings PLC lost 3% after a disappointing set of annual results. How are markets performing? The Stoxx Europe 600 SXXP, -0.45%Read More →
U.S. stocks fought back from early losses Thursday that were sparked by weak retail sales numbers and rising jobless claims. The consumer staples sector was the biggest loser, declining 0.9%, followed by financial stocks, down 0.8%. How are equity markets faring? The Dow Jones Industrial Average DJIA, -0.22% trimmed lossesRead More →
