The U.S. dollar index experienced a slight decrease but remained in close proximity to its nearly two-week high, as investors shifted their focus towards the upcoming U.S. jobs report due later in the week. At 18:40 EST (22:40 GMT), the U.S. dollar index showed a 0.1% decline, settling at 101.64. Meanwhile, the EUR/USD pair held
China’s housing market has been facing significant challenges, and according to JPMorgan economist Haibin Zhu, the situation is far from being resolved. Despite various government stimulus and support measures, the sector continues to struggle. The recent data released by China Index Academy shows a slight increase in new home sales prices, but a decrease in
In the ever-evolving world of blockchain technology, Peaq has emerged as a promising platform focused on decentralized infrastructure networks (DePIN). With the scheduled launch of its layer-1 blockchain between September 22 and September 30, Peaq aims to revolutionize the way decentralized applications are powered and operated. One of the key highlights of Peaq is its
Amid ongoing manufacturing troubles at Boeing, Artisan Partners’ Chris Smith believes that GE Aerospace is poised for success. Smith points out that GE has essentially established a monopoly with its new leap engine, which is set to be featured in all new narrow-body planes. This engine could potentially power more than 80% of aircraft in
REA Group, a property listings company owned by media mogul Rupert Murdoch’s News Corp, has announced its intention to potentially acquire the U.K. property portal Rightmove. This move is aimed at creating a global digital real estate business, signaling a significant strategic shift for both companies in the competitive real estate market. Market Response and
Bitcoin experienced a turbulent month in August, with the leading cryptocurrency sliding by 10.25%, marking its worst performance since April. Ether also faced challenges, dropping by 23.66% in its third monthly drawdown, the worst month since June 2022. This discrepancy has highlighted the struggles within the crypto market, with Bitcoin showing isolated success thanks to
The U.S. dollar experienced a slight decline in trading due to the upcoming release of key labor market data that could potentially influence Federal Reserve interest rate decisions. The Dollar Index, which measures the greenback against a basket of other currencies, saw a 0.1% decrease, reaching 101.577 after hitting a peak of 101.79. This movement
The month of August has proven to be a rollercoaster ride for stocks, particularly in the Dow Jones Industrial Average. From lackluster jobs data sparking fears of a recession to a global market sell-off, the market has experienced significant turbulence. The Dow even recorded its worst day in almost two years, dropping over 1,000 points
Recent on-chain data has revealed a significant development in the Bitcoin market, with a substantial 40,000 BTC leaving crypto exchanges in just 48 hours. This mass exodus of Bitcoin comes at a time when the price of the cryptocurrency has been relatively lackluster, sparking speculation that major market players see the current price levels as
As airlines around the world navigate their way through the challenges brought on by the COVID-19 pandemic, low-cost carriers are finding themselves in a particularly tough spot. Cash-strapped and struggling to return to profitability, airlines like Spirit Airlines, JetBlue Airways, and Frontier Airlines are deferring billions of dollars worth of new aircraft orders in an