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Month: February 2023

Cryptocurrencies

Possible Market Implications for Chinese Balloon

The big story over the weekend, at least as far as social media was concerned, was the Chinese balloon. The US claims it contained spy equipment, China says it was a weather balloon that went Read more…

By , 3 years ago February 6, 2023
digital

Ars Archivum: Top cloud backup services worth your money

We tested iDrive with its free Basic tier, which offers 10GB of storage. [credit: Jim Salter ] If there’s one rule of computing every system administrator preaches, it’s to always back up important data. Unfortunately, Read more…

By , 3 years ago February 6, 2023
Cryptocurrencies

Billionaire Gautam Adani Loses $60 Billion

The Indian tycoon drops out of the top end of the powerful club of the world’s biggest fortunes. He started the year as the fourth richest man in the world.  For 24 days he took Read more…

By , 3 years ago February 6, 2023
Cryptocurrencies

Billionaire Gautam Adani’s Empire Continues to Burn

In two weeks Adani Group has lost more than $118 billion in market value, more than half its market capitalization. The fire continues to decimate the market value of the conglomerate built by the Indian Read more…

By , 3 years ago February 6, 2023
digital

Big Tech companies use cloud computing arms to pursue alliances with AI groups

Enlarge (credit: zhengshun tang via Getty Images) Big Tech companies are aggressively pursuing investments and alliances with artificial intelligence startups through their cloud computing arms, raising regulatory questions over their role as both suppliers and Read more…

By , 3 years ago February 6, 2023
Cryptocurrencies

Fourth-Quarter GDP Print to Ease Sterling Problems?

Last week was dominated by the US, particularly the impressive data releases on Friday. Other regions could steal the limelight this week, particularly the UK where developments across the board are not encouraging. Friday’s fourth-quarter Read more…

By , 3 years ago February 6, 2023
Cryptocurrencies

USDJPY Jumps Above a Downtrend Line

USDJPY shot up on Friday following the robust US employment report and opened with a positive gap today. The rally took the pair above the downtrend line drawn from the high of November 21, as Read more…

By , 3 years ago February 6, 2023
Cryptocurrencies

Dollar Extends Rally

The US dollar continued where it left off on Friday when it surged higher after the US jobs report came out much stronger than expected, catching many people by surprise. While the additional gains have Read more…

By , 3 years ago February 6, 2023
Cryptocurrencies

Futures Decline on Rate Concerns & US – China Tensions

US futures Dow futures -0.50% at 33740 S&P futures -0.75% at 4104 Nasdaq futures -1% at 12447 In Europe FTSE -0.71% at 7838 Dax -0.95% at 15369 Jobs data supports a more hawkish Fed US Read more…

By , 3 years ago February 6, 2023
Cryptocurrencies

EUR/USD Extends Losses

The euro continues to lose ground and has started the week in negative territory. In the European session, EUR/USD is trading at 1.0783, down 0.19%. Earlier in the day, the euro has now fallen to Read more…

By , 3 years ago February 6, 2023

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