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MicroStrategy Stock Surges 8% as Company Increases Bitcoin Holdings to $14.6 Billion
MicroStrategy, a company known for its recent foray into the world of Bitcoin, has seen its stock surge by 8% as it increases its holdings of the popular cryptocurrency to a staggering $14.6 billion....
Forexlive FX News Wrap: Stocks Close 5-Day Streak, FOMC Next Week
Stock Market PerformanceThe stock market closed out the week on a high note, with both the NASDAQ and S&P indices posting gains for five consecutive days. This streak of positive performance comes after a...
Weekly Focus: Federal Reserve Enters Cutting Cycle – Actionable Insights for Forex Trading
The Federal Reserve has entered a cutting cycle, which has significant implications for forex trading. The markets kicked off the week with lingering fears of a recession following a disappointing August US jobs report....
Price Hikes Expected for Shein and Temu as Biden Targets Chinese Retailers
Shein and Temu, two Chinese-linked e-tailers known for their ultra-low prices, are facing potential price hikes due to changes in the de minimis provision under the Biden administration. The loophole, which allows packages valued...
Goldman Sachs Predicts 25 Basis Point Fed Rate Cut Next Week
Goldman Sachs, one of the leading financial institutions in the world, has predicted that the Federal Reserve will announce a 25 basis point rate cut at its upcoming meeting next week. This decision has...
Fed to Cut Interest Rates, BoE and BoJ on Hold – Weekly Forecast
Fed to Cut Interest Rates, BoE and BoJ on Hold - Weekly ForecastInvestors around the world are eagerly anticipating the upcoming decisions from major central banks regarding interest rates. The Federal Reserve, the Bank...
Boeing CFO Warns Strike Will Jeopardize Recovery & Impact Aircraft Production
Boeing CFO Brian West issued a warning that the ongoing labor strike could have significant repercussions on the company's recovery and production of aircraft. The strike, which began on Friday, followed the rejection of...
European Stock Markets Close with Mixed Results | Forexlive
European Stock Markets Close with Mixed ResultsThe European stock markets closed the trading week with mixed results, with some indices ending the day and the week with gains. Here is a breakdown of the...
U.S. Federal Reserve to Cut Interest Rates – Latest Updates and Analysis
The U.S. Federal Reserve is set to make a historic move by cutting interest rates on Wednesday, marking a significant shift in monetary policy. The decision comes in response to gradual softening in the...
New Rules Target Shein and Temu in Effort to Curb Trade Loophole Abuse
The Biden administration is taking steps to address what it sees as the misuse of a trade loophole that allows low-value shipments into the United States without paying import duties and processing fees. This...