Latest Articles
Federal Reserve Officials Maintain Cautious Stance on Interest Rates
By Chimamanda U. Martha
• 4 mins read
Following the September meeting, the 10-year Treasury yield had risen to approximately 4.66% as of October 10, reflecting the expected rate increases that policymakers had indicated earlier.
CoinMarketCap Rolls Out ChatGPT Plugin for Crypto Analysis
By Chimamanda U. Martha
• 3 mins read
CoinMarketCap is not the only crypto company exploring the benefits of AI technologies since the AI hype began.
LVMH Shares Down 6% after Disappointing Q3 2023 Earnings Report
By Chimamanda U. Martha
• 3 mins read
The French giant attributed this decline to post-COVID-19 normalization, high inventory levels among retailers, and a slowdown in Hennessy cognac sales in the United States.
Binance Launches Self-Trade Prevention Feature for Spot and Margin Trading
By Chimamanda U. Martha
• 3 mins read
It’s important to note that Binance strictly prohibits intentional self-trading on the platform, categorizing it as a form of market manipulation.
Samsung’s Q3 2023 Operating Profit Drops 78% amid Memory Chip Slump
By Chimamanda U. Martha
• 3 mins read
To enhance profitability and mitigate the impact of cyclical downturns, Samsung is focusing on advanced memory chips, particularly high bandwidth memory chips that are crucial for AI servers and processors.
Jim Cramer Warns of Impending Bitcoin Price Plunge, Sparks Controversy
By Chimamanda U. Martha
• 3 mins read
At the time of Cramer’s warning, BTC was trading at around $27,340, having experienced a modest 0.8% gain in the previous 24 hours.
Chinese EV Manufacturer WM Motor Files for Bankruptcy in Shanghai Court
By Chimamanda U. Martha
• 3 mins read
WM Motor’s struggle highlights the challenges smaller companies and new startups face in China’s fiercely competitive EV market.
Bank of Israel to Sell $30 Billion Foreign Reserves amidst Shekel’s Slide
By Chimamanda U. Martha
• 3 mins read
This is not the first time Israel’s central bank has intervened in the foreign exchange market to stabilize the shekel.
Microsoft Nears Completion of $68.7B Activision Blizzard Deal
By Chimamanda U. Martha
• 4 mins read
The approval came after the FTC in the United States initially filed a lawsuit to block the Activision Blizzard acquisition last year.
Kraken Boosts European Presence with Planned BCM Acquisition
By Chimamanda U. Martha
• 3 mins read
In a strategic move to bolster its European expansion, cryptocurrency exchange Kraken has announced its intention to acquire Coin Meester B.V. (BCM), a Netherlands-based digital asset broker. The planned acquisition follows the recent implementation of the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework, which governs the operations of crypto exchanges in the region, including […]