Trump Supports Crypto with New Bitcoin Reserve Plan
Category: Crypto Total Views: 37By : Dylan Bailey Updated: 07-27-2024
Trump Champions U.S. Bitcoin Reserve at Bitcoin Conference
At the Bitcoin Conference in Nashville, former US President Donald Trump declared his endorsement of a strategic national bitcoin reserve. He underlined the need to keep the government's seized bitcoin intact and never sell it. This action seeks to confirm his ranking as the preferred candidate for the crypto community. With his audacious crypto policies, Trump's speech drew in over 3,000 people. The announcement fit... Read More
Weak Demand and Global Issues Impact China's Industries
Category: Economy Total Views: 18By : Olivia Taylor Updated: 07-27-2024
China's Industrial Profits Accelerate in June
China's industrial gains in June increased more quickly, a reflection of good economic trends despite underlying problems. Official figures revealed a 3.6% year-on-year rise in profits, against a 0.7% increase in May. Strong industry output, according to the National Bureau of Statistics (NBS), helped to explain this increase. Since the second quarter also had a major influence, the easing of factory-gate price declines also re... Read More
Key Tech Earnings to Shape Market's Near-Term Trajectory
Category: Markets Total Views: 22By : Thomas Cooper Updated: 07-27-2024
Anticipation Builds for Major Tech Earnings
Earnings reports from big tech companies are much awaited by investors, who might shape the direction of American stock markets. Next week Microsoft, Apple, Amazon, and Meta Platforms have to report their quarterly results. The tech industry has shown notable volatility; recent results from Alphabet and Tesla let down the market. This begs questions regarding whether other tech behemoths can satisfy great expectations. These firms' p... Read More
Essential Guide to Bonds: Investing for Beginners
Category: Investing Total Views: 18By : Kelly Martin Updated: 07-27-2024
Understanding the Basics of Bonds
Bonds are debt instruments companies use to generate capital. Bonds are bought by investors, so the issuing body lends funds. The issuer promises to pay interest at regular intervals in exchange, then return the principal amount on the maturity date. For bondholders, this procedure produces a consistent income source. Bonds can help to lower general volatility and diversify a portfolio. These are often considered safer investments than stocks. Sti... Read More
Improving Inflation Data Boosts Global Market Sentiment
Category: Economy Total Views: 47By : Ryan Hughes Updated: 07-27-2024
Global Stocks Rebound After Four-Day Decline
Friday's global stocks show a notable comeback, the first increase in four sessions. Following a dramatic selloff, this recovery found equities stable among bettering economic signals. Data showing a small rise in the personal consumption expenditures (PCE) price index were published by the Commerce Department. Last month this index—a Federal Reserve preferred inflation gauge—rose 0.1%. The statistics implied a possible ... Read More