February 21, 2024

Bitcoin struggles to boost back from year low under $3,700

By Carlos Terenzi From UseTheBitcoin Bitcoin has been in the news during the last weeks because it has plummetted to new year lows. In the last 24 hours, Bitcoin lost 17% of its value being traded under $3,700 dollars,according to CoinMarketCap. The popular cryptocurrency is currently down 81 per cent from its highest point of […]

US: Summer gasoline pump prices spike despite lower oil

By Julian Lee, Bloomberg From Newsmax Oil’s popularity isn’t what it used to be. It’s not just a looming global trade war. As I’ve written, not only will tariffs and retaliatory measures stifle the activity that normally stokes consumption, they’ll squeeze economies everywhere. That’s a good way to stifle demand. But that’s not the only […]

Americans are spending like crazy at restaurants

From Newsmax Spending at U.S. restaurants surged over the past three months by the most on record, making it both a bright spot for the economy and a risk if appetites for eating out return to normal. Sales at food-service and drinking establishments rose 1.3 percent in July to $61.6 billion, the Commerce Department reported […]

Rupert Murdoch’s News Corp. falls most in 5 Years on Foxtel spending

From Newsmax Rupert Murdoch’s News Corp. fell the most in more than five years after the company said it will invest more in its Australian cable network. On an earnings call Thursday, Chief Financial Officer Susan Panuccio said there will be “some short-term reinvestment required” at the business, called Foxtel, to attract subscribers, as well […]

US: BlackRock ETF flows fall 46 percent as global markets in turmoil

From Newsmax Even as BlackRock Inc.’s growth appears unstoppable, there are signs the firm isn’t invincible. The world’s largest money manager saw net flows for its global iShares exchange-traded funds decline 46 percent in the first quarter to $34.6 billion from a year earlier. Even with the fall in flows, BlackRock beat quarterly earnings estimates […]