By Medha Singh and Lisa Pauline Mattackal has been distinctly listless in the past three months after starting the year with a bang. The crypto leader has largely shuttled between $56,000 and $63,000 so far in the second half of the year – a contrast to the first six months when it jumped 45%, propelled by the launch of U.S. exchange-traded funds (ETFs) tracking its spot price. Market players are now eyeing possible new crypto catalysts heading into year-end and early 2025, beyond broader market-moving events such as shifts in U.S. interest rates and the American presidential election. Jake Ostrovskis,…
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A look at the day ahead in European and global markets from Rae WeeInvestors hoping for a roaring restart to China’s stock rally, after the mainland’s week-long holiday, were disappointed on Tuesday when Beijing policymakers offered only broad brush strokes about stimulus plans at a high-profile press conference.The National Development and Reform Commission (NDRC) said it was “fully confident” of meeting its targets but offered none of the details that investors are craving on China’s aggressive stimulus measures.Although the key mainland stock indexes did surge 10% to multi-year highs shortly after the open, those gains were quickly pared back.In stark…
SEOUL (Reuters) -South Korea’s LG Energy Solution (LGES) said on Tuesday it signed a deal to supply electric vehicle (EV) batteries to a Mercedes-Benz (OTC:) affiliate in North America and other regions, sending its shares soaring. The battery maker, whose customers include Tesla (NASDAQ:), General Motors (NYSE:) and Hyundai Motor (OTC:), said in a regulatory filing it would supply 50.5 gigawatts per hour in batteries from 2028 to 2038, but said it cannot disclose the monetary size of the contract. LGES declined to comment on the specific affiliate of Mercedes involved in the contract. Shares of LGES rose as much…
By Daniel Trotta and Brad Brooks (Reuters) – The Category 5 Hurricane Milton was expected to grow larger on Tuesday as it threatened Mexico’s Yucatan Peninsula on its way to Florida, where more than a million people were ordered to evacuate from its path. The densely populated west coast of Florida, still reeling from the devastating Hurricane Helene less than two weeks ago, braced for landfall on Wednesday. The U.S. National Hurricane Center projected the storm was likely to hit near the Tampa Bay metropolitan area, home to more than 3 million people and where some evacuees rushed to dispose…
Apple CEO Tim Cook gestures during the annual developer conference event at the company’s headquarters in Cupertino, California, U.S., June 10, 2024. Carlos Barria | ReutersApple could launch a connected ring to rival Samsung by 2026, according to CCS Insight, adding to the U.S. tech giant’s focus on health.The call is part of CCS Insight’s annual predictions report and if it came true, it would be the first new product from the Cupertino giant since the Apple Vision Pro headset launched this year.”Health has become a fundamental pillar for Apple. In fact, I would go so far as to say, at…
TOKYO (AP) — Shares soared Tuesday in Shanghai as Chinese markets reopened after a weeklong holiday but then gave up a chunk of their initial gains as officials in Beijing outlined details of plans to revive the world’s second-largest economy.The Shanghai Composite index was up 5.5% at 3,519.88 and in Shenzhen, Japan’s smaller market, the main index gained 5.3%. The Shanghai benchmark initially gained 10% but fell back as officials of China’s main economic planning agency briefed reporters about a slew of policies announced earlier meant to address key problems such as a property market slump.Hong Kong’s Hang Seng sank…
(Reuters) -Boeing and its largest union said they would continue contract talks on Tuesday, as both sides seek an agreement to end a strike by around 33,000 U.S. West Coast factory workers. The company and the union, whose members have been on strike for 25 days, had resumed contract talks on Monday in the presence of federal mediators. “Although we met with Boeing (NYSE:) and federal mediators all day, there was no meaningful movement to report. We will be back at it tomorrow,” The International Association of Machinists and Aerospace Workers said late on Monday. Boeing also confirmed mediation would…
Financial influencers, aka finfluencers, have amassed an enormous following on social media, particularly among Gen Zs aged 18 to 25. Some finfluencers leverage social media to promote sound financial education, thereby providing significant benefit for society at large. But some others are bad actors, doling out questionable advice for monetary gain or social media fame. Our job as a community is to promote content creators who have a genuine interest in financial education and knowledge sharing. This is easier said than done. Social media platforms reward the loudest finfluencers who make the most extraordinary claims, because they drive traffic…
Image source: Getty Images Premium content from Motley Fool Share Advisor UK Our monthly Fire Best Buys Now are designed to highlight our team’s three favourite, most timely Buys from our growing list of growth-focused Fire recommendations, to help Fools build out their portfolios. “Best Buys Now” Pick #1: Nike (NYSE:NKE) Nike is the world’s leading sports apparel business – though it’s currently facing some near-term challenges. Sales fell by 10% in its first quarter and are set to fall again by 8-10% in Q2. The company has been tightening supply of some of its major shoe products – includingAir Force…
Businesses in Singapore and Hong Kong can now accept payments by JCB credit and debit cards through their existing single integration with Nuvei TOKYO and MONTREAL, Oct. 7, 2024 /PRNewswire/ — JCB International Co., Ltd. (“JCB”), Japan’s only international payment brand, today announced that it has expanded its global partnership with Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, to include Singapore and Hong Kong. This expansion builds upon Nuvei’s existing relationship with JCB in Europe, further strengthening Nuvei’s position in the rapidly growing Asia-Pacific (APAC) eCommerce market. Through this enhanced partnership, Nuvei now…