The most seasoned investors in Bitcoin are still cashing out – the pressure is starting to show. More than two months after Bitcoin’s price hit a record high of over $126,000, the token has dropped by nearly 30% and is struggling to find support. One reason is that long-term holders are still selling off. The […]
Mark Zuckerberg of Meta Platforms Inc. is expected to significantly cut resources devoted to building the so-called “metaverse”, a project he once regarded as the company’s future and the reason for changing the company’s name from Facebook Inc. to Meta Platforms Inc. According to people familiar with the matter, Microsoft executives are considering cutting the […]
Deutsche Bank, Goldman Sachs and other Wall Street banks predict that the US dollar will continue to fall next year as the Federal Reserve keeps cutting interest rates. In the first half of this year, the global market was thrown into chaos due to the trade war initiated by US President Donald Trump, causing the […]
Broadcom reported a relatively optimistic earnings report on Thursday. In the fourth fiscal quarter ending November 2, Broadcom reported sales of $18 billion. Excluding certain items, earnings per share increased to $1.95. Analysts had previously expected the company’s revenue to be $17.5 billion and earnings per share to be $1.87. At a subsequent conference call, […]
The conservative majority on the Supreme Court, in line with the Trump administration, seems ready to dismantle independent administrative agencies. This was evident from Monday’s oral arguments over the firing of Federal Trade Commission member Rebecca Kelly Slaughter. Allowing the president to dismiss commission members at will is part of a broader process of further […]
US President Donald Trump has approved NVIDIA’s export of its H200 artificial intelligence chips to China, but with an additional 25% surcharge. This move is expected to enable the world’s most valuable company to recover billions of dollars in losses from an important global market. Trump posted on his “Truth Social” to announce the decision, […]
The Japanese government confirmed in a revised report that the Japanese economy shrank in the three months ending in September, which to some extent explains the rationality of the economic stimulus plan announced by Prime Minister Saane Takaichi last month. Gross domestic product (GDP) declined by 2.3% at an annual rate in the third […]
After tech giants’ large-scale bond issuance intensified concerns that a bubble was forming in the artificial intelligence industry, Oracle’s credit risk indicator for debt closed at its highest level since the financial crisis. According to ICE Data Services, the cost of protection against Oracle’s debt default, based on credit derivatives prices at the New York […]
As the largest corporate holder of Bitcoin, Strategy is struggling with the decline in the token’s price, and this potential selling risk has also emerged. Strategy holds approximately 60 billion US dollars worth of cryptocurrencies, but has limited cash reserves. As a result, concerns are growing that its digital asset holdings might be sold off, […]
Christopher Waller, a member of the Federal Reserve Board, said that he advocated for a rate cut in December. However, once the Fed starts receiving a large amount of economic data from January, it may decide on rate cuts on a meeting-by-meeting basis. “As far as our dual mandate is concerned, I’m mainly focused on […]