Author: News Room

Besides an impressive gain of over 43% in the past week, Cardano (ADA) is poised to continue this upward rally in the coming days, as it has formed a strong bullish price action pattern on its daily time frame. With this bullish price action, heightened participation from traders and investors has been observed. Whale Activity: Large Transaction Volume Jumps 42% According to the on-chain analytics firm IntoTheBlock, the large transaction volume on ADA has jumped by 30%, indicating strong participation from whales and institutions following bullish price action and suggesting a strong buying opportunity. Source: IntoTheBlock In addition to the…

Sinead Mulhern has been living in Ecuador for six years. Earlier this year, she spent a week in the hospital due to a collapsed lung, a severe complication of pneumonia.The support she received from the hospital staff and her friends confirmed that moving there was the right decision.I was lying wide awake on a hospital bed in Ecuador, hoping for sleep yet fearful that if I dozed off, I’d miss something crucial.Everything had come as a big surprise. The day before, I was standing by lime-green valleys, planning mountain adventures. As bachata beats blared from market stalls and birds of…

US troops remain in Syria to counter ISIS and patrol oil fields in the region.Trump’s return raises uncertainties about the status of these troops in this highly volatile region.Both Turkey and the Kurdish-led officials hope to sway the incoming Trump administration.For almost a decade, US troops have been on the ground in Syria to assist Kurdish-led forces in the defeat of the infamous Islamic State. These forces tamp down on the ISIS remnants in the northern and eastern regions they presently control, where tens of thousands of captured ISIS fighters, their families and suspected affiliates remain in open-air camps and…

SINGAPORE (Reuters) – Singapore’s economy grew 5.4% in the July-September quarter from a year earlier, higher than the 4.1% official advance estimate released last month and above market expectations, government data showed on Friday. The growth was higher than a median forecast of 4.6% in a Reuters poll of economists, and annual growth of 3.0% in the second quarter.On a quarter-on-quarter, seasonally adjusted basis, GDP expanded 3.2% in the July to September period, higher than both the advance estimate of 2.1% and the June quarter growth of 0.5%. The trade ministry upgraded its GDP growth forecast for 2024 to “around…

NZD/USD weakens to around 0.5855 in Friday’s early Asian session, down 0.18% on the day.  The US weekly jobless claims declined to a seven-month low. The RBNZ is expected to cut its interest rates by 50 bps next week.  The NZD/USD pair trades in negative territory for the third consecutive day near 0.5855 during the early Asian session on Friday. The firmer US Dollar (USD) to the fresh 2024 tops drags the pair lower. Later on Friday, the flash US S&P Global Purchasing Managers Index (PMI) data and the final Michigan Consumer Sentiment will be released. Data released by the US…

The triangle pattern formation that Shiba Inu is currently showing on its daily chart may pave the way for noteworthy price action. In the case of SHIB, triangle patterns frequently signal a period of consolidation prior to a clear market move, which may provide the groundwork for a robust upward rally. Shiba Inu, which is currently trading at about $0.00002526, is moving inside the triangle’s boundaries, with lower highs and higher lows forming a distinctive shape. According to the pattern, the asset is gaining steam in preparation for its next significant move. An indication of bullishness for the token would…

Trump nominated Pam Bondi for attorney general on ThursdayTrump said he wants to refocus the Department of Justice on crime and safety.Matt Gaetz withdrew from consideration for the role earlier on Thursday.President-elect Donald Trump announced Thursday he would nominate Pam Bondi, former attorney general of Florida, for attorney general after his first pick withdrew from consideration.”For too long, the partisan Department of Justice has been weaponized against me and other Republicans – Not anymore,” Trump wrote in a post on Truth Social announcing the nomination. “Pam will refocus the DOJ to its intended purpose of fighting Crime, and Making America…

Incoming boss Mark Lazarus addressed the CNBC newsroom Thursday.The day before, CNBC anchors had made bleak jokes on-air about Comcast’s spinoff plans.Three CNBC staffers told BI the mood inside the company seemed upbeat during Lazarus’ visit.In a meeting at CNBC headquarters in New Jersey on Thursday afternoon, incoming boss Mark Lazarus presented a bullish view of the future after the bombshell news that Comcast would spin off the network.Three CNBC staffers told Business Insider they felt Lazarus’ optimistic talk landed well in the newsroom. They asked for anonymity to discuss internal meetings. Their identities are known to BI.The vibe was…

BRASILIA (Reuters) – Brazil’s Finance Minister said on Thursday that government will freeze $860 million in 2024 spending and maintain its yearly primary deficit goal, adding that a fiscal package with budget cuts for the next years could be announced as soon as Monday. Speaking with journalists in Brasilia, minister Fernando Haddad said this year revenues have been performing as expected, but government will need to block or freeze some 5 billion reais ($859.9 million) in spending. Brazilian government has until Friday to release a bi-monthly revenue and expenditure report with updates on its budget outlook for this year. Haddad…

By Lisandra Paraguassu and Luana Maria Benedito BRASILIA (Reuters) – Brazil’s government has blasted French retailer Carrefour (EPA:) after its CEO vowed to keep South American meat off its shelves in France in solidarity with farmers, calling the comments part of a wider push to undermine a pending trade deal. Agriculture Minister Carlos Favaro called the pledge part of an “orchestrated action” by French companies to sabotage the trade pact between the European Union and South American trade bloc Mercosur, which officials aim to finalize this year. In a social media post addressed to leaders of France’s farm lobbies on…