Coinbase up12% as the company reports first profit in two years
Coinbase surged 12% on Friday in U.S. premarket trading after the company revealed its first profit in two years. The largest U.S. exchange for buying [more…]
Category: Investing & Markets
Germany rises to third-largest economy, as recession hits Japan
Japan’s economy has been facing a challenging path to recovery, and recent data shows that the country has unexpectedly slipped into a recession, losing its [more…]
Britain’s economy enters into a recession
In the wake of the global COVID-19 pandemic, Britain’s economy faced another setback, slipping into a recession in the latter half of 2023. Official data [more…]
Bitcoin market cap surpasses $1 trillion as price hit $51,000 mark
On Wednesday, the total value of all bitcoins in circulation exceeded $1 trillion for the first time since late 2021. This milestone was accompanied by [more…]
Lyft stocks higher despite earnings report error
In a rollercoaster of events, Lyft shares were 20% higher in premarket trade Wednesday, retaining some gains after the company announced a major error in [more…]
Nikkei hits 34-year high on strong corporate earnings and technology surge
In a remarkable rise, Japan’s Nikkei share average reached a fresh 34-year high on Tuesday, marking its highest level since January 1990. The index closed [more…]
Bitcoin price surges above $50,000, its highest level in over two years
Bitcoin, the world’s most famous cryptocurrency, is making headlines again, soaring past the $50,000 mark on Monday, its highest level in over two years. The [more…]
New Zealand’s bank chief slams stablecoins as unstable currency alternatives
In a refreshing departure from typical central bank rhetoric, Adrian Orr, the governor of the Central Bank of New Zealand, has taken a bold stance [more…]
Mexico surpasses China as top source of U.S. imports for first time in over two decades
The winds of trade are shifting, as Mexico emerges as the United States’ leading source of imported goods, surpassing China for the first time in [more…]
Hermès sets new price heights
Luxury fashion house Hermès has announced its plans to further increase prices after its stellar performance outpaced its competitors in the luxury goods sector at [more…]