The recent events in the cryptocurrency market highlight the dynamic and rapidly changing nature of this digital financial landscape. The Solana blockchain experienced a five-hour outage, testing the resilience of even the most robust platforms and underscoring the technical challenges they face. Despite this setback, Solana’s quick recovery showcased the volatility and resilience inherent in …
As we explore the economic landscape of February 2024, key developments have surfaced, illustrating a dynamic global economy. Recent analyses from Reuters and Deloitte Insights offer an in-depth view of the current economic climate, characterized by optimistic trends in the oil market and varied perspectives on global economic forecasts. The oil market has experienced a …
Global Economic Outlook 2024: Oil Market Optimism Read More »
Oil prices jumped Tuesday after the EIA projected zero US output growth this year, while Hamas responded positively to the truce proposal. The US West Texas Intermediate (WTI) petroleum futures for March delivery advanced 0.89% to $73.43 per barrel on February 06. Moreover, analysts project a 0.23% climb to $73.48 a barrel in the coming …
Oil Lifts on Zero US Growth Forecast, Hamas Cease-fire Reply Read More »
The credit rating of troubled US regional bank New York Community Bancorp (NYCB) Inc. received a downgrade from Moody’s Investors Service on Tuesday, with the rating agency warning of more grade cuts. Moody’s trimmed all NYCB’s long-term and a few short-term ratings by two levels to Ba2 from Baa3 due to the unexpected losses on …
Brazilian cosmetics group Natura &Co Holding SA received board approval on Monday to explore a potential separation between Natura &Co Latam and Avon Products Inc., which would see the establishment of two individual public companies. Sao Paulo-based Natura stated the plan would split the current business into two listed beauty firms. Should the deal proceed, …
Natura Explores Potential Split of Natura &Co Latam, Avon Read More »
In recent years, Tether, a cryptocurrency known for its stability and close peg to the US dollar, has seen a surge in popularity. However, concerns have emerged with its growth regarding its potential use in illicit activities, particularly money laundering. As a stablecoin, Tether offers the benefits of cryptocurrency transactions, such as anonymity and speed, …
Oil prices declined on Wednesday amid a faltering China manufacturing sector and accumulation in US crude inventories. The US West Texas Intermediate (WTI) crude oil March futures retreated 2.53% to $75.85 per barrel on January 31. However, analysts expect a 0.87% climb to $76.51 a barrel in the coming market session. Nevertheless, the US petroleum …
Oil Dips on Weak China Manufacturing Sector, US Stock Build Read More »
At 3:15 p.m. today, Bitcoin experienced a 0.81 per cent drop to 39,140.58 euros in the last 24 hours on Binance, the world’s largest cryptocurrency exchange. The total Bitcoin trade volume in the last 24 hours was 19.44 billion euros. The Bitcoin-related Fear and Greed Index is currently at level 60, categorized as “greed.” The …
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