August 6, 2024
Magnificent Seven shed over $800 billion in value
Heavyweight companies sold off as U.S. recession fears and Berkshire Hathaway’s sale of half of its stake in the iPhone maker further deflated a months-long rally fueled by optimism about AI. Apple, Tesla, Alphabet and Amazon each dropped more than 4%, while Nvidia tumbled 7% . Major U.S. stock indexes ended sharply lower as U.S. […]
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August 6, 2024
BTC/USD plummeted 6.1% in the last session.
The Bitcoin-Dollar pair plummeted 6.1% in the last session. The Stochastic indicator is giving a negative signal.BTC/USD plummeted 6.1% in the last session.The Stochastic indicator is currently in the negative zone.Support: 551731 | Resistance: 627191
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August 6, 2024
Yen surges to a seven-month high
A surge in the yen to a seven-month high led a broad dollar fall, as a slew of economic data last week raised the prospect of a U.S. economic downturn and bigger interest rate cuts from the Federal Reserve. The dollar index was down to its weakest since January 12. The last session saw the […]
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August 5, 2024
Intel shares slump 26% as turnaround struggle deepens
Intel shares sank 26% on Friday in their worst day since 1974 after the chip manufacturer suspended its dividend and slashed its workforce to fund a costly turnaround after losing its once-dominant global position. The company lost more than $30 billion in market value
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August 5, 2024
XRP Ledger onchain transactions drop 65.6% in Q2 2024
The volume of transactions on the XRP Ledger fell significantly from the first quarter to the second quarter of 2024, with the average transaction cost surging, according to Ripple’s Q2 Markets Report. XRPL onchain transaction activity declined by 65.6% .
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August 5, 2024
Dollar hits four-month low as weak US jobs data boosts rate cut bets
The U.S. dollar dropped to a four-month low on Friday after a weaker-than-expected employment report for July raised expectations that the Federal Reserve will cut interest rates by 50 basis points in September as the economy sours.
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