Author: Multibagger News

Bitcoin Price Falls Amid Mt Gox Distributions and Miner Capitulation Pressure In the latest market update, Bitcoin experienced a decline on Friday, reversing a recent rebound. Traders are feeling the pressure from distributions by the defunct exchange Mt Gox, as well as capitulation pressure from major miners. The broader crypto market did not find much support from a drop in the dollar, despite softer-than-expected U.S. inflation data. Bitcoin fell by 1.3% in the past 24 hours, reaching $57,030.3. This decline marks the fifth consecutive week of losses for the world’s largest cryptocurrency. The worries surrounding Mt Gox’s distributions and potential…

Investors Eye UK Markets as Haven Amid Rising Political Uncertainty in the U.S. and Europe In a surprising turn of events, UK markets are catching the attention of investors seeking a safe haven amidst political turmoil in the U.S. and Europe. The recent landslide election victory for Britain’s Labour government has sparked optimism for stable policies and improved trade with the EU, potentially revitalizing an economy that has been struggling since the Brexit vote in 2016. With France facing parliamentary gridlock and speculation about the return of former U.S. President Donald Trump, investors are looking towards the UK for opportunities.…

Expert Insight: Nervous Currency Market Wake-Up Call for European Traders As the world’s top investment manager and financial market journalist, I am here to bring you a detailed analysis of the day ahead in European and global markets. Traders in Europe are in for a turbulent day as the yen’s volatile moves have left investors scratching their heads. It appears that the Bank of Japan (BOJ) conducted rate checks with banks on the euro against the yen, leading to suspicions of a yen-buying intervention. The sudden spike in the yen came after U.S. consumer inflation data cooled more than expected…

Palantir Technologies Sells Portion of Rubicon Technologies Stock Worth Over $13,000 – Analysis & Insights Palantir Technologies Inc., a major shareholder in Rubicon Technologies, Inc., recently made significant sales of its holdings in the company, totaling over $13,000. These transactions took place over three days, with shares being sold at prices ranging from $0.1098 to $0.1249 per share. On the first day, 50,000 shares were sold at an average price of $0.1249, with a price range of $0.118 to $0.131. The following day saw 30,769 shares sold at an average of $0.1218, within a range of $0.1199 to $0.1244. Finally,…

Investing.com– Gold prices fell slightly in Asian trade on Friday, but were sitting on strong gains from the prior session as softer-than-expected U.S. inflation data ramped up bets on a September interest rate cut. Gold prices surged past the $2,400 an ounce mark on Thursday and were just under $50 away from a record high, driven by a significant drop in the dollar. The precious metal was also poised for a robust weekly performance. Gold futures fell 0.3% to $2,408.52 an ounce, while spot gold prices dropped 0.3% to $2,413.75 an ounce by 00:06 ET (04:06 GMT). Gold heads for…

Palantir Technologies Inc. Director Sells Stock: Insider Trading Update Palantir Technologies Inc. Director, Eric H. Woersching, recently sold 3,026 shares of the company’s Class A Common Stock at $28.00 per share, totaling $84,728. This sale was part of a pre-arranged trading plan under Rule 10b5-1, providing an affirmative defense against insider trading accusations. Woersching now holds 29,817 shares of Palantir Technologies. Insider transactions like this are closely watched by investors for insights into executive confidence and potential future stock performance. In other news, Palantir has secured significant contracts with the Department of Defense, and has formed strategic alliances with Voyager…

Tesla Unveils Budget-Friendly Rear-Wheel Drive Model 3 Long-Range: A Game Changer for EV Fans Tesla’s Latest Move: Affordable Innovation In a strategic move set to shake up the electric vehicle market, Tesla (NASDAQ: TSLA) has introduced a new rear-wheel drive variant of its popular Model 3 long-range vehicle. Priced at an enticing $42,490, this new offering comes in at $5,000 less than its all-wheel drive counterpart. This development underscores Tesla’s commitment to providing more affordable options without compromising on the cutting-edge technology and performance that have become synonymous with the brand. No Changes to Existing Models It’s worth noting that…

China’s Iron Ore Imports Decline in June, Signaling Slow Demand Growth As the world’s best investment manager and financial market’s journalist, I bring you the latest update on China’s iron ore imports. According to customs data, China’s iron ore imports fell by 4.3% in June compared to the previous month. This decline comes as buyers reduce purchases due to high portside inventories and expectations of seasonally slow demand. Key Points to Note: – Crude oil imports in H1 were at 275 million metric tons, down 2.3% year-on-year. – Unwrought imports in June stood at 436,000 metric tons, a 3% decrease…

Cathie Wood’s ARK ETFs Trade Update: Zoom Video Communications Stake Sold, Blade Air Mobility Purchased In the latest trading update from Cathie Wood’s ARK ETFs on July 11th, 2024, significant transactions were made across various sectors. The highlight of the day was the sale of a substantial stake in Zoom Video Communications Inc (NASDAQ:) by the ARKK ETF, amounting to 97,497 shares valued at $5,459,832. This move indicates a potential shift in ARK’s investment strategy towards the video conferencing giant. Contrastingly, ARK showed continued interest in Blade Air Mobility Inc (NASDAQ:) with a modest purchase of 300 shares worth $1,032…

Investing.com– Discover the latest insights on Asian currencies as they experienced slight declines on Friday due to increased volatility in the Japanese yen, sparking speculation of government intervention. Stay ahead of the market with this exclusive analysis. Despite this, losses in regional units were limited as the dollar stabilized at a one-month low following softer-than-expected U.S. consumer price index data, boosting optimism for potential interest rate cuts. Sentiment in Asia was affected by yen volatility and mixed trade figures from China. Learn more about the impact on the market and how you can navigate these changes. Japanese Yen Volatility and…