Category Archive: Finance, No picture
Poland’s External Current Account Was In Surplus In March
Image Source: Pexels Poland continues to show current account surpluses while external trade turnover has dropped significantly. A record-high deficit in secondary income was driven mainly by the EU budget adjustment in March.In March, Poland recorded a €0.3bn current account surplus, following a €0.5bn surplus in February 2024 and a €1.6bn surplus in March a year ago. […]
Home Depot Revenue Misses, Shares Slip
Image Source: Pexels Home Depot posted quarterly revenue below Wall Street’s expectations on Tuesday.Video Length: 00:01:14More By This Author:Reddit Shares Climb On Revenue Beat In First Quarterly Report Since IPOAmerican Airlines Swings To A Loss, But Tops Estimates For Q2 Forecast Lockheed Martin (LMT) Beats On Top And Bottom Lines
Zeta Markets secures $5 million for Solana DeFi expansion
Decentralized exchange (DEX) for perpetual trading Zeta Markets has completed a strategic $5 million funding round, led by Electric Capital and with contributions from DACM, Selini Capital, Airtree Ventures, and several notable angel investors, including Anatoly Yakovenko of Solana.The fresh capital will facilitate the development of Solana’s first layer-2 solution by Zeta Markets, focused on […]
Alibaba Group Misses EPS Expectations By $0.02 In Q1 2024
Image Source: Unsplash Alibaba Group Holding Limited (NYSE: BABA), a leading e-commerce and technology conglomerate, reported its financial results for the quarter ended March 31, 2024.The company demonstrated moderate growth with revenue reaching RMB 221,874 million ($30,729 million), marking a 7% increase year-over-year. This growth was driven by the company’s China and international commerce businesses, which saw double-digit […]
Trade Between U.S., China, And Rest Of The World Falls In Storm Of Anti-Free Trade Policies
The storm of anti-free trade policies resumed taking its toll on trade between the U.S. and China and also between the U.S. and the rest of the world in March 2024.March 2024 saw the resumption of the United States’ decline in trade with both China and the rest of the world. After hinting a month […]
LayerZero CEO confirms 100,000 wallets self-report Sybil activity
Bryan Pellegrino, CEO of LayerZero Labs, announced that up to 100,000 wallets self-reported their Sybil behavior. According to Pellegrino, this data collection will be considerably valuable in identifying participants using similar methods and software for fraudulent activities in the future. “My intuition is that a confirmed data set of 100,000+ is going to be extremely […]
Dutch court finds Tornado Cash dev Alexey Pertsev guilty of laundering $1.2B
A Dutch court at ‘s-Hertogenbosch has convicted Alexey Pertsev, a 31-year-old Russian national and developer of the crypto mixing platform Tornado Cash, of laundering $1.2 billion in illicit assets.The three-judge panel is expected to sentence Pertsev on Tuesday, and his lawyers will have 14 days to appeal the decision.The verdict is set to have a […]
USD/JPY Advances To 156.50 Ahead Of US Inflation And Japan’s Q1 GDP
Image Source: Unsplash USD/JPY rises to 156.50 with eyes on crucial US inflation readings. Investors expect that the Fed will start lowering interest rates from September. Japan’s Q1 GDP will indicate the economic strength. The USD/JPY pair extends its upside to 156.50 in Tuesday’s European session. The asset strengthens as investors turn cautious ahead of the release […]
Elliott Wave Technical Analysis: Corn – Tuesday, May 14
Photo by Wouter Supardi Salari on Unsplash Corn Elliott Wave AnalysisFunction – Trend Mode – Counter-TrendStructure – Expecting Impulse Wave Position – Wave 3Direction – Wave 3 is still in playDetails -Wave 3 has completed its 4th sub-wave which should be contained above 444’6 before the current big surge to complete wave 3 of (3). The bullish impulse sequence from 394’6 should extend higher provided there […]
Coinbase claims full recovery after system-wide outage
US crypto exchange Coinbase has been grappling with a “system-wide outage” since 12:15 am ET earlier today, rendering its services inaccessible to users attempting to access the platform via desktop or mobile.The exchange has been regularly updating its official status page and social media channels, assuring users that their funds remain secure. In its latest […]
