Author: News Room

Bitcoin’s futures market is showcasing signs that have historically signalled bullish sentiment. Analysts are turning their attention to the Bitcoin futures basis—a metric representing the differential between the futures price of Bitcoin and its spot price. Recent data has revealed that this basis has escalated to unprecedented levels since Bitcoin’s all-time high of $69,000 in November 2021. Bullish Indications From Bitcoin Futures Deribit’s Chief Commercial Officer, Luuk Strijers, has highlighted the current state of the Bitcoin futures basis, which ranges between 18% to 25% annually, a rate reminiscent of the market conditions in 2021. According to Strijers’s comment, this elevated…

Rajnath Singh, the Defence Minister of India and the chief guest at the inaugural session of Firstpost Defence Summit held in New Delhi in Feb 2024, said India had to step out of its comfort zone to join the list of world’s top 25 arms exporters and Prime Minister Narendra Modi was focusing on long-term […] The post India’s Quest for Building a Formidable Military-Industrial Complex appeared first on The Geopolitics. Read the full article here

Silver nears the top of a range as the bulls push prices higher.  Long-term fundamentals support, including positive global growth and robust demand.   US Industrial Production data beats to the upside suggesting increased demand by industry.  Silver price (XAG/USD) pushes higher, trading up over one and a half percentage points in the $25.20s on Friday, on technical buying mainly – and long-term bullish fundamentals.  The precious metal, which is used in industrial processes as well as to store value, sees gains after the release of US Industrial Production data beat estimates with a 0.1% rise in February when economists had…

Stocks started the week on a high note but ended with a whimper. The S&P 500 index on Tuesday reached a record high close for the 17th time this year, as investors shrugged off a higher-than-expected 3.2% annual rise in consumer prices and cheered a cooldown in some categories like food prices. Stocks weren’t the only winners. Gold settled at a record high of $2,188.60 a troy ounce on Monday, as investors become more confident that the Federal Reserve will cut interest rates by June. Bitcoin also reached a record high earlier this week, topping $73,000 a coin. But stocks…

Investing.com– Oil prices settled at five-month highs Thursday, as the International Energy Agency’s upgraded its crude demand growth forecast, easing jitters about a potential supply surplus. At 14:30 ET (18:30 GMT), the futures settled 1.9% higher at $81.26 a barrel, the highest since Nov. 6, and the contract climbed 1.7% to $85.42 a barrel. IEA lifts 2024 demand growth forecast The IEA raised its forecast for world oil demand in 2024, saying it will rise by 1.3 million barrels per day, up 110,000 barrels per day from last month. The agency also forecast first-quarter global demand growth to rise a…

Credit card providers that haven’t refreshed their rewards program risk losing customers, warns a study of 3,233 U.S. consumers conducted by PYMNTS and i2c, a payments processing company. While reward points are broadly popular — who doesn’t like free rewards? — consumers want personally relevant offers that are easy to redeem. Younger consumers want a fully digital experience they can access through their phones — no email for them, much less paper coupons. “Physical mail, once a standard method for such communications, now sees dwindling favor across all age groups,” the study found. Keep it simple and make it fast.…

By Josh Ye HONG KONG (Reuters) – The U.S. House of Representatives overwhelmingly passed a bill this week that would give TikTok’s Chinese owner ByteDance about six months to divest the U.S. assets of the short video app, or face a ban, in the greatest threat to the app since the Trump administration. Below is what we know about the Chinese company, which was valued at $268 billion in December. WHO IS BYTEDANCE? Nicknamed “App Factory” due to its frequent releases of mobile applications, ByteDance was founded by software engineer Zhang Yiming in 2012 in Beijing. It is often seen…

In a recent transaction, Haiping Dun, a director at ACM Research, Inc. (NASDAQ:), sold a significant number of shares in the company. The sale, which took place on March 14, 2024, involved a total of 19,434 shares of Class A Common Stock, with the transaction amounting to over $538,000. The shares were sold at varying prices, with a weighted average price between $27.56 and $28.34. Specifically, 15,877 shares were sold at an average price of $27.56, while 3,557 shares were disposed of at an average price of $28.34. These sales were conducted under a Rule 10b5-1 trading plan, which was…

The entire real-estate industry could shift in homeowners’ favor, thanks to a settlement by one of the most powerful groups of real-estate agents in the country.In a wave of class-action lawsuits, homeowners have accused the National Association of Realtors of conspiring to rip off both buyers and sellers by charging unfairly high commissions.On Friday, the NAR said it would pay $418 million in damages to settle those suits. In a major win for consumers, it also agreed to amend its rules on commissions, The New York Times, which obtained a copy of the signed agreement, reported.The plaintiffs also argued that…

Based on what Warren Buffett says and what he owns, it would not be surprising to see Berkshire buy stakes in these 13 stocks. By John Dobosz, Forbes Staff Berkshire Hathaway is renowned as the most successful investment management firm over the six decades since Warren Buffett bought a struggling New Bedford, Mass., textile business in 1965 and turned it into a holding company for a collection of wildly profitable investments. Investment returns have compounded more than 19% annually since Buffett followed the counsel of his friend and eventual business partner Charles Munger to modify his investment approach from a…