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Bitcoin Facing These ‘Compelling Mid-Term Bearish Cases,’ Warns Trader

Khyathi Dalal | May 9, 2024

While maintaining a bullish stance on Bitcoin’s (CRYPTO: BTC) long-term prospects, crypto trader Altcoin Sherpa has shared his thoughts on some compelling mid-term bearish cases. What Happened: Sherpa points out several factors suggesting a potentially bearish scenario for Bitcoin in the mid-term. Presence of a rounded top formation in the price action, typically associated with […]

Factbox-Companies sell their businesses in Russia

Reuters | August 25, 2023

(Reuters) – Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they take action to comply with sanctions over the Ukraine conflict and respond to threats from the Kremlin that foreign-owned assets may be seized. Below are some of the companies by sector that have secured […]

Court rules against Uber in major win for California workers

Reuters | July 18, 2023

By Daniel Wiessner (Reuters) – Uber Technologies Inc must face a California lawsuit claiming it should have covered UberEats drivers’ work-related expenses, the state’s top court said on Monday, in what could be a major blow to companies in the largest U.S. state and a win for labor advocates. The California Supreme Court in a […]

Amazon dangles deeper ‘Prime Day’ discounts for stressed US shoppers

Reuters | July 11, 2023

By Granth Vanaik and Ananya Mariam Rajesh (Reuters) – hopes to tempt U.S. shoppers on Tuesday to open inflation-thinned wallets by offering deeper discounts on a wide range of goods and services during this year’s “Prime Day” 48-hour shopping event, including its first-ever travel discounts. A year of inflation has lifted mortgage rates, rents […]

Ukraine asks to join CPTPP trade pact

Reuters | July 7, 2023

By Kantaro Komiya and Lucy Craymer TOKYO (Reuters) -Ukraine has submitted a formal request to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to New Zealand, Japanese and New Zealand authorities said on Friday. New Zealand, which performs the legal depositary functions for the partnership, had received a formal accession request from Ukraine […]

China’s chipmaking export curbs ‘just a start’, Beijing adviser warns before Yellen visit

Reuters | July 6, 2023

BEIJING/SHANGHAI (Reuters) -China’s export controls on metals used in semiconductors are “just a start”, an influential Chinese trade policy adviser said on Wednesday, as Beijing ramps up a tech fight with Washington days before a visit from U.S. Treasury Secretary Janet Yellen. Shares in some Chinese metals companies rallied for a second session as investors […]

Biden tries to flip skeptical Americans on his economic plan

Reuters | June 30, 2023

By Nandita Bose and Trevor Hunnicutt CHICAGO (Reuters) – U.S. President Joe Biden worked to lift Americans’ dour mood about the economy with what his aides billed as a major speech on Wednesday, an effort to shore up a top political weakness as he seeks re-election. Biden, whose two-year term as president has witnessed a […]

Ukraine to receive $1.5 billion from World Bank to support reconstruction

Reuters | June 30, 2023

KYIV (Reuters) -Ukraine will receive $1.5 billion from the World Bank to support reconstruction and recovery, Prime Minister Denys Shmyhal said on Friday. The funds will be provided with guarantees from the Japanese government and channeled to support social security and economic development, Shmyhal, whose country has been invaded by Russia, said on the Telegram […]

US stocks slip, crude gains on Russia tensions, rate hike worries

Reuters | June 26, 2023

By Stephen Culp NEW YORK (Reuters) – Wall Street lost ground on Monday and crude prices advanced as investors digested the aborted Russian mutiny over the weekend and wrestled with lingering concerns over the path of Federal Reserve monetary policy. All three major U.S. stock indexes ended red, with megacap momentum stocks pulling the tech-heavy […]

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