Introduction In the volatile world of cryptocurrency trading, the morning session on Wednesday saw a mix of movements among the major cryptocurrencies. Notably, Solana (SOLUSD) experienced the biggest increase, rising by 1.34% to reach $18.12. On the other hand, Ripple (XRPUSD) led the declines, with a drop of 0.26% to 48 cents. Cryptocurrency Gainers While Ripple suffered a … [Read more...] about Cryptocurrency Market Update
Forex News
U.S. Natural Gas Inventories Expected to Rise Amid High Demand for Electricity Generation
The U.S. Energy Information Administration is set to release its natural-gas storage data for the week on Thursday. Analysts predict that inventories will show a below-average increase, due to soaring temperatures in Texas and other parts of the Southern Plains. The extreme heat has led to a surge in demand for gas-fired electricity generation to power air-conditioning … [Read more...] about U.S. Natural Gas Inventories Expected to Rise Amid High Demand for Electricity Generation
Slowing Consumer Spending Raises Concerns
Economists are closely watching as consumer spending may have slowed down in August, following a stronger-than-expected performance in July. According to estimates from FactSet, retail sales are projected to have increased by only 0.1% in August compared to the previous month. This marks a significant deceleration from July's growth of 0.7%. The deceleration in retail sales … [Read more...] about Slowing Consumer Spending Raises Concerns
Canopy Growth Corp. Announces BioSteel Bankruptcy Filing
Canadian cannabis company Canopy Growth Corp. has made the decision to file for bankruptcy for its BioSteel sports drink in both Canada and the U.S. This move is aimed at strengthening the company's financial position. Funding Ceased for BioSteel Canopy Growth Corp. has chosen to end its funding for BioSteel, a sports drink that generated about C$32.5 million ($24 million) in … [Read more...] about Canopy Growth Corp. Announces BioSteel Bankruptcy Filing
MTU Aero Engines Faces Setback as Pratt & Whitney Initiates Engine Recall
Shares of MTU Aero Engines, a prominent German aircraft-engine manufacturer, experienced another decline on Tuesday following an announcement that it expects a significant financial blow this year. Pratt & Whitney's parent company, RTX, revealed plans to recall hundreds of jet engines, resulting in an estimated impact of approximately €1 billion ($1.07 billion). As of 1000 … [Read more...] about MTU Aero Engines Faces Setback as Pratt & Whitney Initiates Engine Recall
