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Bitcoin has recently encountered a tumultuous period, having ascended past the $30,000 mark just last week only to experience a subsequent decline.Reaching a nine-month peak, the achievement initially sparked market enthusiasm, but excitement waned as the cryptocurrency’s value fell to $27,000.How might this downturn in the cryptocurrency market affect the selection of the best cryptos to buy now?A Glimpse into Bitcoin’s Potential PathMicheal van de Poppe, a seasoned cryptocurrency analyst, offered insights into the potential direction of Bitcoin’s price movement in the coming days.https://twitter.com/CryptoMichNL/status/1649287357433094146Utilizing a chart of the digital currency’s recent fluctuations, van de Poppe highlighted the inherent unpredictability of…
Insider named its second annual list of up-and-coming advertising tech talent. The group represents a range of roles at adtech companies, publishers, retailers, and advertisers. They are helping the ad industry grab new opportunities, like retail media and streaming TV ads. The uncertain economy has prompted many companies to cut back their marketing and ad spend, but there’s still demand for top talent who can solve some of the advertising industry’s toughest problems, and seize some of its newest opportunities.Adtech companies are jockeying against each other to capture market share in streaming TV advertising, servicing the needs of content owners…
China is shifting the blame for soaring youth unemployment on to jobless university graduates, accusing them of refusing to put aside their professional ambitions and take on manual labour.In recent weeks, state broadcasters and news agencies have published more than a dozen profiles of recent university graduates who allegedly made a fortune in low-skilled jobs such as selling street food or growing fruit, rather than pursuing a career in their area of study.The Communist Youth League last month criticised young graduates for holding on to their professional aspirations, accusing them of refusing to “tighten screws in factories” and exhorting the…
President Joe Biden on Saturday said that US government personnel had been evacuated from Sudan. “Today, on my orders, the United States military conducted an operation to extract U.S. Government personnel from Khartoum,” Biden said in a statement. In a separate statement, US Secretary of State Antony Blinken said that all US personnel and their families had been evacuated and that operations at the US Embassy in Khartoum have been “temporarily suspended.” The decision to evacuate the American personnel comes after a week of heavy fighting between rival military factions – the Sudanese Armed Forces, or SAF, and the Rapid…
Investors continued to pour money into the Treasury market’s shortest-dated security on Friday amid ongoing worry over the U.S. debt ceiling and the possibility that the government might default on its debts.Those worries came to the fore this week as investors sought out the safest place to hide: the 1-month Treasury bill BX:TMUBMUSD01M. Enormous demand for the bill sent its yield into a steep dive on Thursday, falling by more than half a percentage point at one point to 3.215% before paring the drop, according to Tradeweb. On Friday, the rate settled at 3.348% as of 3 p.m. Eastern time…
The Biden administration, pushing for more U.S. manufacturing, has issued its updated list of all-electric and gas-electric hybrid vehicles that qualify for the full $7,500 tax credit, and those that can earn at least a partial sweetener for buyers. With the update, at least 17 models are now eligible for a full or partial tax credit, based on new thresholds that require a certain percentage of the battery parts and the minerals used in those batteries to come from North America, meaning the U.S., or a country with select… Read the full article here
2/2 © Reuters. FILE PHOTO: A view of a brine pool of a lithium mine on the Atacama salt flat in the Atacama desert, Chile, August 16, 2018.REUTERS/Ivan Alvarado/File Photo 2/2 By Alexander Villegas and Ernest Scheyder SANTIAGO (Reuters) -Chile has moved to boost state control over its lithium industry as it seeks to diversify from mining into batteries and other areas, spooking investors in the country’s dominant miners of the white metal, SQM and Albemarle (NYSE:) Corp. Chile’s progressive President Gabriel Boric late on Thursday announced the move that would see the world’s second largest lithium producer shift to…
By Timothy Gardner WASHINGTON (Reuters) – The Biden administration said concerns of Republican lawmakers that last year’s record drawdown of oil from the Strategic Petroleum Reserve damaged the system’s delicate salt caverns were unfounded, a letter seen by Reuters on Wednesday showed. The administration last year sold an unprecedented 180 million barrels of oil from the SPR, a system of hollowed-out natural salt caverns along the coasts of Texas and Louisiana. President Joe Biden launched the sale to control high fuel prices that had spiked after Russia’s invasion of Ukraine and while people began to travel more as the global…
By Arunima Kumar and Liz Hampton (Reuters) -Top oilfield firm SLB beat Wall Street estimates for first-quarter profit on Friday, as elevated crude prices and tight supplies increased demand for its services and equipment. Global oil prices averaged $81.24 a barrel in the January-March quarter, down nearly 20% from a year earlier but still well above a level where oil and gas producers can drill profitably. futures were trading around $81.50 a barrel on Friday, up half a percent. A recent decision by OPEC+ producer countries to support commodity prices through an output cut is providing operators with increased confidence,…
