On Friday, Wall Street experienced a surge in stock prices, with the S&P 500 and Dow Jones Industrial Average reaching new record highs. Investors were optimistic about potential interest rate cuts by the U.S. Federal Reserve in September, prompting a flurry of activity in the market. However, despite the initial spike in stock prices, the
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The recent merger of Fetch.ai, Ocean Protocol, and SingularityNET under the FET ticker has caused a stir in the cryptocurrency market. Rather than introducing a new token, these projects have decided to join forces, streamlining operations and enhancing collaborative capabilities. However, the price action of FET has not been immune to the overall downtrend in
Tungsten is a metal with a wide range of applications, from weapons and autos to electric car batteries and semiconductors. China dominates the supply chain for many critical minerals, including tungsten. The country’s control over this metal has raised concerns about the vulnerability of supply chains that rely heavily on Chinese production. Although China has
China’s manufacturing activity faced a setback in June, marking the second consecutive month of decline. The National Bureau of Statistics revealed that the purchasing managers’ index (PMI) remained stagnant at 49.5, below the 50-mark that signifies growth. Despite some positive indicators, such as the production sub-index being above 50, other key factors like new orders,
Germany’s Economy Minister, Robert Habeck, recently visited China to discuss the proposed European Union tariffs on Chinese goods. Contrary to popular belief, Habeck emphasized that these tariffs are not a form of punishment. This visit marks the first by a senior European official since the EU suggested imposing significant duties on Chinese-made electric vehicles (EVs)
Silver, a precious metal highly traded among investors, has seen a rise in prices recently. With the current price of Silver at $30.19 per troy ounce, up -1.64% from the previous day, it is essential to understand the factors that influence these price movements. One of the key factors that can impact the price of
China has recently opened an anti-dumping investigation into imported pork and its by-products from the European Union. This investigation, announced by China’s commerce ministry, is mainly targeted at countries like Spain, the Netherlands, and Denmark, in response to curbs on its electric vehicle exports. The focus of the probe will be on pork intended for
In a market where concentration risk is a concern for investors, exploring value-oriented investments could be a wise decision. According to Phil McInnis, the chief investment strategist at Avantis Investors, taking a more diversified approach can provide better long-term returns compared to simply relying on index funds like the S&P 500. By focusing on companies
Despite facing opposition from large institutional investors, Tesla CEO Elon Musk’s $56 billion pay package was approved by shareholders. This overwhelming show of support from retail investors solidifies Musk’s leadership within the company and reaffirms their confidence in his vision for Tesla’s future. The annual meeting highlighted Tesla’s recent achievements and plans for autonomous vehicles,
In response to the economic challenges faced by Russia, the government has recently made adjustments to the mandatory foreign currency sales regulations for exporters. This move comes as part of broader efforts to stabilize the national currency, the rouble, which has been experiencing pressure from capital outflows and limited foreign currency supply. Under the new
While clean energy stocks may be facing challenges in the public market, the private market is showing a great appetite for companies focused on decarbonization. Clean Energy Ventures recently raised $305 million for its second fund, exceeding the initial target of $200 million. Limited partners like The Grantham Foundation and Builders Vision showed strong interest,
Argentine President Javier Milei has recently announced plans to implement a “significant” tax reduction in efforts to reduce state intervention in the economy and combat the ongoing economic crisis. However, the road to achieving this goal is not without its challenges. Despite Milei’s ambitions, he faces resistance in Congress, where he only holds a minority