The slump in bitcoin sharply affects companies that bet on crypto. It’s a bitingly cold wind blowing on the crypto sphere and particularly on the king of digital currencies, bitcoin. Bitcoin prices are moving to their Read more…
The Bank of England is set to hike rates again on Thursday when it announces its latest policy decision at 11:00 GMT. But with many other central banks going into higher gear, will the BoE Read more…
Financial markets continued to crumble at the start of the new week, although at the time of writing by lunchtime in London there was some mild buying observed in some risk assets amid bargain hunting. Read more…
Spot gold fell sharply on Monday, losing nearly 2.5% of its value until early US session, in the biggest daily drop since Mar 9. Red-hot US inflation in May added to strong concerns about the Read more…
Oil fell symbolically over the past week, losing 1.3% to $116.3 a barrel of WTI amid trading in Europe on Monday. Locally oil looks like a solid defensive asset, with oil companies such as Exxon Read more…
The cruise line wants to rival Royal Caribbean’s Wonder of the Seas and the upcoming Icon of the Seas. Cruise ships have become something between floating megaresorts and small cities. Royal Caribbean’s (RCL) – Get Read more…
The all-American soda has always been marketed as wholesome. Now, it’s going someplace new. It’s hard to think of something more uniquely American than Coca-Cola (KO) – Get Coca-Cola Company (The) Report. The company’s signature Read more…
Crypto investors are burning up social media after crypto lender Celsius Network says it is pausing all withdrawals. It’s getting hot in here. Investors were burning up social media on after the crypto lender Celsius Read more…
Midwest farmers experienced a wet spring, resulting in the slowest corn planting pace in 9 years. Now they must manage the risks of an unpredictable growing season. U.S. farmers navigating an unusual combination of risks Read more…
Daily Pivots: (S1) 164.36; (P) 166.24; (R1) 167.30; More… GBP/JPY’s break of 162.88 minor resistance suggests that deeper correction is underway. Intraday bias is now on the downside for 55 day EMA (now at 161.56). Read more…