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US Business Activity Slows in June as Manufacturing Contracts, Raising Concerns

June 24, 2023

25 Jun 2023

US Business Activity Slows in June as Manufacturing Contracts, Raising Concerns

The United States witnessed a deceleration in business activity during early June, with the slowest pace of expansion observed in three months. This underperformance can be attributed to a more pronounced contraction within the manufacturing sector. ...

WTI Futures Hit Nine-Day Low at $67.60 as Investors Brace for Global Oil Demand Decline

Andrew Johnson

Commodities, News

June 24, 2023

25 Jun 2023

WTI Futures Hit Nine-Day Low at $67.60 as Investors Brace for Global Oil Demand Decline

The West Texas Intermediate (WTI) futures on the New York Mercantile Exchange (NYMEX) have recently reached a nine-day low, with prices sliding to $67.60. This downward trend has been fueled by investor apprehensions surrounding a projected decline i...

Starbucks Faces Worker Strikes as Unions Protest Ban on Pride Decorations

Alice Scott

News, Stocks

June 24, 2023

25 Jun 2023

Starbucks Faces Worker Strikes as Unions Protest Ban on Pride Decorations

Starbucks Corp (NASDAQ:SBUX) witnessed a 2.5% decline in its stock value following an announcement by its unions that approximately 3,500 U.S. workers are planning to strike in the upcoming week. The strike is a response to Starbucks' controversial d...

Gold Price Rebounds as Economic Slowdown Spurs Recessionary Fears

Andrew Johnson

Commodities, News

June 24, 2023

25 Jun 2023

Gold Price Rebounds as Economic Slowdown Spurs Recessionary Fears

Gold, a reliable safe-haven asset, has shown signs of recovery after plunging to new three-month lows of $1910.26. The decline was fueled by a range of factors, including an economic slowdown and growing recessionary fears. However, the precious meta...

Goldman Sachs Faces Potential Writedown for GreenSky Acquisition Amid Divestment Plans

Alice Scott

News, Stocks

June 24, 2023

24 Jun 2023

Goldman Sachs Faces Potential Writedown for GreenSky Acquisition Amid Divestment Plans

Introduction Goldman Sachs (NYSE:GS) is facing the likelihood of a significant writedown for its $2.2 billion acquisition of fintech lender GreenSky. According to sources familiar with the sale process, the investment bank is actively seeking to div...

IBM Nears $5 Billion Acquisition of Apptio, a Leading Software Company

Alice Scott

News, Stocks

June 24, 2023

24 Jun 2023

IBM Nears $5 Billion Acquisition of Apptio, a Leading Software Company

Introduction IBM is on the brink of finalizing a major acquisition deal to purchase Apptio, a renowned software company, according to sources cited by the Wall Street Journal. This article provides an overview of the reported acquisition, highlighti...

Coinbase CEO Brian Armstrong's Vision for Global Expansion as a "Super-App”

Noah Ellis

Cryptos, News

June 23, 2023

23 Jun 2023

Coinbase CEO Brian Armstrong’s Vision for Global Expansion as a “Super-App”

Introduction Coinbase CEO Brian Armstrong is undeterred by the recent lawsuit filed by the U.S. Securities and Exchange Commission (SEC). Instead, he is focused on realizing his grand vision for Coinbase, aiming to transform it into a global "super-...

Noah Ellis

Cryptos, News

June 22, 2023

22 Jun 2023

XRP Price Analysis: Optimistic Outlook for Potential Rise to $1 Amid Legal Battle

Introduction: The price of XRP, the digital asset associated with Ripple, has the potential to reach $1 or even $1.5 by the end of the year. This optimistic prediction is supported by key indicators such as the Relative Strength Index (RSI) and Movi...

Gold Faces Pressure as Markets Anticipate July Rate Hike

Andrew Johnson

Commodities, News

June 22, 2023

22 Jun 2023

Gold Faces Pressure as Markets Anticipate July Rate Hike

Introduction Gold, a traditional safe-haven asset, has encountered challenges as markets bet on a potential rate hike in July. The precious metal has struggled to find relief, with spot gold steadying at $1,933.63 an ounce and gold futures falling s...

Cathie Wood's Ark Invest Adds to Coinbase Position Amidst SEC Lawsuit against Binance

Noah Ellis

Cryptos, News

June 21, 2023

21 Jun 2023

Cathie Wood’s Ark Invest Adds to Coinbase Position Amidst SEC Lawsuit against Binance

In a recent interview with Bloomberg, Cathie Wood, the CEO and principal investment officer of Ark Invest, bandied her establishment's decision to add to its position in Coinbase( COIN) despite the Securities and Exchange Commission's( SEC) action ag...

Alice Scott

News, Stocks

June 21, 2023

21 Jun 2023

SoftBank Aims to Capitalize on AI Boom, Plans Offensive Strategy

SoftBank Group, the Japanese technology conglomerate, has set its sights on capitalizing on the booming field of artificial intelligence (AI). Founder Masayoshi Son recently announced the company's plan to shift from a "defense mode" to an "offense m...

China Cuts Interest Rates as Alibaba Shakes Up Board Economic Update.

Rogerio Alvarez

Economy, News

June 20, 2023

20 Jun 2023

China Cuts Interest Rates as Alibaba Shakes Up Board: Economic Update

China's economy has been showing signs of losing momentum in its post-pandemic recovery, prompting the People's Bank of China to take action. In an attempt to stimulate the economy, the central bank has recently cut its benchmark lending rates. Concu...

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US Business Activity Slows in June as Manufacturing Contracts, Raising Concerns

WTI Futures Hit Nine-Day Low at $67.60 as Investors Brace for Global Oil Demand Decline

Starbucks Faces Worker Strikes as Unions Protest Ban on Pride Decorations

Gold Price Rebounds as Economic Slowdown Spurs Recessionary Fears

Goldman Sachs Faces Potential Writedown for GreenSky Acquisition Amid Divestment Plans

IBM Nears $5 Billion Acquisition of Apptio, a Leading Software Company

Coinbase CEO Brian Armstrong’s Vision for Global Expansion as a “Super-App”

XRP Price Analysis: Optimistic Outlook for Potential Rise to $1 Amid Legal Battle

Gold Faces Pressure as Markets Anticipate July Rate Hike

Cathie Wood’s Ark Invest Adds to Coinbase Position Amidst SEC Lawsuit against Binance

SoftBank Aims to Capitalize on AI Boom, Plans Offensive Strategy

China Cuts Interest Rates as Alibaba Shakes Up Board: Economic Update

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