Economy

Economy
Economy

PI dips by 1% as traders eye NFP report: check forecast

The cryptocurrency market has turned bearish ahead of the Non-farm Payroll (NFP) data in the United States.  Bitcoin has dropped below the $70,000 level, while Ether is down 4% in the last 24 hours and now trades at $2,050.  Currently, traders are focusing their attention on the US jobs report due at 13:30 UTC. The

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Economy

Commodity wrap: oil may hit $100; gold set for weekly loss

The crude oil price trajectory is increasingly indicating that the commodity may breach the $100 per barrel mark in the coming days as hostilities continue in the Middle East.  Oil prices hit their highest level in nearly two years on Friday, with West Texas Intermediate surging past $86 and Brent hitting nearly $90 a barrel. 

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Economy

Shiba Inu price stuck in bearish trend amid two days of zero SHIB burns

Shiba Inu (SHIB) continues to struggle as the memecoin trades under pressure despite a broader recovery in the cryptocurrency market. At the time of writing, Shiba Inu was trading at about $0.00000549, after a decline of roughly 2.9% over the past 24 hours. Shiba Inu has dropped about 6.2% in the past week, while losses

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Economy

Nio stock price forecast ahead of earnings: buy, sell, or hold?

Nio stock price has gone sideways since November last year. It has remained inside a narrow range of between $4.38 and $5.78 in this period. This consolidation may end next week when the Chinese electric vehicle company releases its financial results. Nio stock has dropped despite important news  The ongoing Nio stock consolidation mirrors that

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Economy

US jobs report shows 92K drop, but here’s why Fed may still hold rates

The US labor market showed signs of cooling in February after nonfarm payrolls unexpectedly fell, and unemployment also came a notch higher than expected, complicating the picture for the Fed ahead of its rate decision as it weighs a weak jobs report against the fuel price-led inflationary risks caused by the Middle East conflict. Nonfarm

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Economy

Qatar crisis sparks European gas surge, jolts Indian gas stocks

Shares of Indian gas companies, including GAIL, Petronet LNG, Gujarat State Petronet Limited (GSPL), and Gujarat Gas Limited (GGL), are likely to remain volatile on Wednesday after QatarEnergy said it has halted liquefied natural gas production following military attacks on its facilities. The development has already triggered a spike in European LNG prices, raising concerns

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Economy

China’s rare earth ban spurs Japan-India partnership on critical minerals

Seeking to lessen its dependence on China for rare earth elements—which are essential for magnet production—Japan is currently negotiating with India.  The discussions focus on a joint exploration for rare earth deposits located in the desert state of Rajasthan, according to a Reuters report.  Joint exploration and deposit According to India’s Mines Minister, G. Kishan

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Economy

XRP risks retesting the $1.26 support amid fading retail demand

Ripple’s XRP is the worst performer among the top 10 cryptocurrencies by market cap in the last 24 hours.  The coin is down 1% since Monday and remains under pressure. It could retest the lower support level of $1.26 formed on Saturday after the United States (US), in collaboration with Israel, launched attacks on Iran,

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Economy

BrewDog’s sale to Tilray leaves bitter aftertaste for workers and investors

The sale of the UK and Irish operations of Scottish brewer BrewDog to US cannabis and drinks group Tilray for £33 million has left a bitter taste in the mouth of stakeholders, with hundreds of job losses and no return for more than 200,000 small investors who backed the company through its Equity for Punks

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Economy

Sanae Takaichi denies link to Solana SANAE token surge

Japan’s prime minister, Sanae Takaichi, has publicly denied any link to a Solana-based cryptocurrency that briefly gained traction in online markets. The token, branded SANAE TOKEN, climbed rapidly in value before retreating within hours. Its market capitalisation touched nearly $30 million at its peak, drawing attention across crypto trading platforms and social media. Takaichi said

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