Author: Press Room
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Leveraged long positions in the Bitcoin futures market have been getting “rekt” (i.e. stopped out in internet lingo) in the last few days.According to data presented by crypto derivatives analytics website coinglass.com, long position liquidations have surpassed $150 million over the course of the last three days.Indeed, Bitcoin’s 10% drop in the past three days from the mid-$30,000s to current levels in the low-$27,000s marks one of the most intense periods of long position liquidation since the start of the year.Selling pressure accelerated earlier this week when the BTC price broke below key support in the $29,000 area in the…
Current or former Facebook users can now submit a claim to a $725 million class action settlement. Facebook agreed to the settlement for allegedly sharing user data with Cambridge Analytica. The final hearing is set for September 7, and payments likely will be distributed sometime after. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Anyone in the US who’s had a Facebook account in the last 15 years can now submit a claim for their share of a $725-million settlement from the Cambridge Analytica…
Switzerland’s Zürcher Kantonalbank has held takeover talks with GAM, the troubled asset manager that delayed its results as it races to find a buyer this month.ZKB, the largest of Switzerland’s state-owned cantonal banks, has had discussions with GAM in recent months about acquiring the business, according to people familiar with the situation. GAM, which comprises an investment management arm and a fund services division, in February pushed back the release of its annual results to find extra time to secure a sale. The asset manager is due to release its results on Tuesday. ZKB and Liontrust, a UK boutique fund…
Several Republican presidential hopefuls are slated to speak at the Iowa Faith and Freedom Coalition’s spring kickoff event Saturday as they look to court Christian conservatives amid signs the 2024 GOP primary is intensifying. The event, hosted by one of the state’s leading conservative political advocacy groups, offers declared and prospective candidates an opportunity to make inroads with a critical voting bloc in the state that will hold the first 2024 nominating contest on the Republican side. The forum also takes place as abortion once again dominates the political landscape with a legal fight over a medication abortion drug playing…
When you come to a fork in the road, take it, Yogi Berra once quipped. The stock market has other ideas. After rallying 7% to start the year, the S&P 500 index can’t decide what to do. Instead, it fell a mere 0.1% this past week, a move small enough that you could have gone on vacation and returned a week later to find that not much had changed, not really. But one week’s move doesn’t really do justice to how quiet April has been. Three weeks into the month, the S&P 500 has risen just 0.6%, which, if the…
In the U.S., futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average declined 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. EssilorLuxottica added 5.4% and Alstria Office REIT climbed 2.7%. On the other hand, Sartorius Stedim Biotech slipped 4.3%, and Nordic Semiconductor lost 4.3%. The FTSE 100 was flat. Other stocks in Europe were mixed as France’s CAC 40 gained 0.2% and Germany’s DAX was flat…. Read the full article here
© Reuters. FILE PHOTO: A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York, U.S., April 29, 2016. REUTERS/Lucas Jackson By Abhirup Roy, Dan Levine and Hyunjoo Jin LOS ANGELES (Reuters) – Jurors in what appears to be the first trial related to a crash involving Tesla (NASDAQ:)’s Autopilot feature told Reuters after the verdict on Friday that the electric-vehicle maker clearly warned that the partially automated driving software was not a self-piloted system, and that driver distraction was to blame. A California state court jury on Friday handed Tesla Inc a sweeping…
By Peter Nurse Investing.com — Oil prices retreated Thursday, falling to their lowest level in three weeks on concerns a weakening U.S. economy could hit demand growth in the second half of this year. By 09:15 ET (13:15 GMT), futures traded 1.9% lower at $77.75 a barrel, while the contract fell 1.9% to $81.56 a barrel. Both benchmarks have fallen to their lowest levels since late March, just before the surprise OPEC+ production cut announcement. This fall in crude prices is a result of increased worries about global demand, particularly on signs that the U.S. economy, the largest consumer of…
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Governor Lisa Cook said Friday that the outlook for the next stage of central bank monetary policy has grown less clear after the institution has taken appropriately aggressive steps over the last year to lower price pressures. As the Fed moves toward its next decision on where to set interest rate policy, “I am weighing the implications of stronger momentum in the economy apparent in economic indicators over the past few months against potential headwinds from recent banking developments,” Cook said in the text of a speech to be delivered…
