December 23, 2024
China leaves rates unchanged, weaker yuan limits easing
China left its benchmark lending rates unchanged as expected at the monthly fixing on Friday. The one-year loan prime rate was kept at 3.10%, while the five-year LPR was unchanged at 3.60%.
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December 23, 2024
Bitcoin social sentiment drops to yearly low
Social sentiment around Bitcoin has hit its lowest point in 2024, which could signal an incoming recovery above the $100,000 mark for the world’s largest cryptocurrency. Bitcoin’s price is currently down over 10% from its all-time high. The Bitcoin-Dollar pair plummeted 1.3% in the last session. According to the Stochastic-RSI, we are in an oversold […]
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December 23, 2024
China’s Nio says new Firefly EV to go on sale in Europe in H1 2025
China’s Nio said it would launch its new Firefly electric vehicle brand in Europe early in the first half of 2025, betting that it would help the company overcome European Union tariffs. Nio unveiled the Firefly brand on Saturday and touted it as a rival product to Mercedes’ Smart and BMW’s Mini. NIO shares gained […]
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December 21, 2024
MicroStrategy Hits The Nasdaq 100: What It Means For The Bitcoin Firm
MicroStrategy (MSTR) will be included in the Nasdaq 100 stock market index, beginning one of the ultimate vampire attacks on the stock market.
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December 20, 2024
European stocks slide as Trump’s warning spooks investors
European shares were on course to post their worst week in three months on Friday, as U.S. President-elect Donald Trump’s comments about potential tariffs on the European Union further spooked investors already worried about the rate outlook.
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December 20, 2024
US consumer spending rises in November; monthly inflation benign
U.S. consumer spending increased in November amid strong demand for a range of goods and services, underscoring the economy’s resilience, which saw the Federal Reserve this week projecting fewer interest rate cuts in 2025 than it had in September.
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