Bitcoin, the leading cryptocurrency, has recently encountered a concerning technical indicator known as a “death cross” on its short-term charts. This development follows a significant sell-off in the overall cryptocurrency market, causing Bitcoin to plummet to a low of $49,050 during the previous trading session. The market saw a massive erasure of over $370 billion
Disney announced that it will be increasing the prices of its streaming services, including Disney+, Hulu, and ESPN+. The price hikes, starting mid-October, will see most plans going up by $1 to $2 per month. The most expensive plans for Hulu, particularly those with live TV, will cost $6 more per month. This move comes
After a long and arduous process, the Tampa Bay Rays have finally received the green light from local governments to proceed with their plans to construct a new government-subsidized ballpark in St. Petersburg, Florida. The Pinellas County Commission voted 5-to-2 in favor of committing $312.5 million from its tourist tax fund towards the $1.37 billion
Yum Brands recently reported a mixed quarter in which both Pizza Hut and KFC experienced declining same-store sales. Yum CEO David Gibbs attributed these challenges to the impact of the Middle East conflict and a more cost-conscious consumer base. These factors have created headwinds for the company, affecting its overall sales performance. Financial Performance Yum
Piper Sandler recently upgraded CrowdStrike, a global cybersecurity company, to overweight from neutral. This decision was made in light of the recent crises surrounding the global tech outage that affected millions of computers running Microsoft’s Windows operating system. Despite the company’s shares plunging 43% over the past month, Piper Sandler believes that investors should take
In a recent crypto convention in Nashville, Tennessee, Donald Trump made a bold statement urging his audience to never sell their Bitcoin. This declaration was part of his campaign strategy to appeal to crypto-focused voters and gain their support for the upcoming presidential election in November. He proposed the idea of establishing a state Bitcoin
The recent steep losses experienced by the U.S. dollar have sent shockwaves through the currency market, leading to a notable shift in investor sentiment. Traders have been grappling with the effects of unwinding carry trades and the looming possibility of significant rate cuts by the Federal Reserve. This has resulted in the yen weakening by
Zircuit, a cutting-edge ZK rollup with AI-enabled sequencer-level security, has officially announced the launch of Mainnet Phase 1. This major milestone marks the beginning of a new era for Zircuit and its users. During this phase, users will have the opportunity to bridge funds to Zircuit’s Mainnet and engage with various projects in Zircuit’s ecosystem.
Long Island Power Authority (LIPA) is gearing up to price a billion-dollar bond issuance after recent upgrades from Fitch and with a fresh leadership team. The $1.021 billion bond issuance will include both tax-exempt fixed-rate bonds and mandatory tender bonds, aiming to fund capital improvements and retire existing bonds. The bonds are rated A2 by
Most Asian currencies remained stagnant on Monday, failing to capitalize on a weaker dollar amidst escalating concerns over a slowdown in U.S. economic growth. While some currencies like the Japanese yen surged due to safe-haven demand and anticipation of further interest rate hikes by the Bank of Japan, others like the Chinese yuan witnessed a