Bitcoin (BTC) and most major altcoins are witnessing profit-booking on July 25 as the bulls scale back their positions before the Federal Open Market Committee meeting on July 26 through July 27. This indicates that the sentiment remains fragile and that bulls are not confident about carrying long positions into the event. Several analysts have
After people have accused bureaucrats and government agencies of changing definitions during the last few years, Joe Biden’s administration now claims that a second consecutive quarter of negative gross domestic product (GDP) does not indicate the U.S. is in a recession. This is despite the fact that two negative GDPs have always been considered a
Cleveland heads into the market this week with an upgrade helped along by its decision to tap surpluses to bolster reserve levels. Moody’s Investors Service raised the city’s rating to Aa3 from A1 while S&P Global Ratings affirmed its AA-plus. Both assign a stable outlook.Moody’s action recognizes a “strengthening of fund balance and liquidity,” analysts
The travel chaos seen around the main Channel ports of England since the end of last week has demonstrated how quickly the arterial link for tourism and trade between the Britain and the EU can clog up. In the first big test for post-Brexit border checks, with thousands of families embarking on their summer holidays,
Chicago could use fines generated from its automated speed enforcement cameras for public safety pension contributions under legislation proposed by a Republican state lawmaker. “Speed cameras are a function of public safety. It just makes sense that the revenue they generate goes back into keeping our streets safe,” said state Rep. Mark Batinick, R-Plainfield. “This
Puerto Rico general fund net revenue for the first 11 months of fiscal year 2022 was 12.8% above the Puerto Rico Oversight Board’s most recent projection. In the July 2021 to May 2022 period revenue was also 16.8% above the same months a year earlier, according to information released Friday. Puerto Rico’s general fund revenue
Tesla’s decision to offload most of its Bitcoin (BTC) treasuries netted the company a hefty profit in the second quarter, even as crypto prices plunged into a bear market. In the first six months of 2022, Tesla recorded $170 million of impairment losses “resulting from changes to the carrying value” of its Bitcoin holdings, according
President Joe Biden has nominated Shailen Bhatt, a former state transportation official with public-private partnership experience, to lead the Federal Highway Administration. The FHWA has been without an administrator since Biden took office. Deputy director Stephanie Pollack, who has been leading the department, reportedly did not want the top spot. If the Senate confirms the
This mistake is all about timing and when you get into the trade – you are right but you still end up losing. A Scenario to Avoid: – Stocks (usually penny stocks) that have a supernova spike – It is spiking incredibly high, but you enter short – You’re looking for the decline to happen
This week, Kevin Matras shows how to use the Price to Sales ratio. Highlighted stocks include GPRE, KIRK, SPR, TOWR and VVTV.
In this two part video tutorial, Trading 212 shows you how to trade moving averages. You will learn how to use moving averages to identify the trend direction, determine support and resistance levels to enter and exit trades and how moving average crossovers can help confirm trend reversals. Catch up with Part 1 – http://youtu.be/4R2CDbw4g88
In this article NEM JD RYAAY Ryanair planes are seen at Dublin Airport, following the outbreak of the coronavirus disease (COVID-19), Dublin, Ireland. Jason Cairnduff | Reuters Check out the companies making headlines in midday trading Monday. Newmont — Newmont shares tumbled 11.9% after the mining company reported a disappointing second-quarter profit. The company reported
Ukraine hopes to start implementing a deal to export millions of tonnes of grain from blockaded Black Sea ports as soon as this week, even after Russian missile strikes hit the key Ukrainian port city of Odesa and threatened to unravel the agreement. Preparations include demining essential areas for maritime traffic and setting up special
James Howells, a British man who mistakenly discarded a hard drive containing roughly 7,500 Bitcoin in 2013 has reportedly started looking at having robots and humans work together to retrieve his crypto from a local landfill. According to a Sunday report from Business Insider, Howells has pitched an $11-million idea to locate and recover the
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News
Texas is a hot spot of convention center financing with Dallas, Fort Worth and Austin readying expansion projects on the premise that a bigger venue will attract bigger shows and generate larger revenues and economic benefits. With the impact of the COVID-19 pandemic — which brought trade shows to an abrupt halt in 2020 —
Russia will slash gas supplies through its largest pipeline to Germany to just a fifth of capacity from Wednesday in a move that threatens to leave the continent short of critical supplies ahead of the winter. Russia’s state-owned Gazprom said on Monday it would cut existing flows on the Nord Stream 1 pipeline in half
Cosmos was trading lower for a fourth consecutive session on Monday, as prices approached a one-week low. Decentraland was also trading close to a one-week low on Monday, as the global cryptocurrency market fell by over 3% as of writing. Cosmos (ATOM) Cosmos (ATOM) declined for a fourth straight session, as the token moved towards
Bitcoin (BTC) stuck to its realized price just below $22,000 on July 25 as Wall Street opened with a flat performance. Bitcoin gives up more key levels Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it consolidated after falling from $23,000 overnight. The pair echoed equities in cool trading prior to the July
Three Arrow Capital (3AC), a Singapore-based crypto hedge fund that at one point managed over $10 billion worth of assets, became one of the many crypto firms that went bankrupt in this bear market. However, the fall of 3AC wasn’t purely a market-driven phenomenon. As more information surfaced, the collapse looked more like a self-inflicted