Last week, Bitcoin and other cryptocurrency tokens experienced a rapid crash, reversing the rally that had been taking place since June. However, there is some optimistic news for investors - the sell-off is likely coming to an end. According to analysts at JPMorgan Chase, the Bitcoin futures market indicates that the worst may be over. Since August 14th, the price of Bitcoin … [Read more...] about Bitcoin and Cryptocurrency Market Update
Forex News
Maui County Lawsuit Against Hawaiian Electric Company
Maui County has taken legal action against Hawaiian Electric Company, claiming that the utility was negligent in failing to cut off power despite dangerous weather conditions. The devastating fires that occurred in Lahaina on August 8 resulted in the loss of numerous lives and left others missing. Videos and witness accounts clearly demonstrate that fires were sparked by power … [Read more...] about Maui County Lawsuit Against Hawaiian Electric Company
Chinese Military Conducts Drills around Taiwan
The Chinese military conducted drills around Taiwan on Saturday, sending a strong message in response to what it claims as collusion between separatists and foreign forces, according to the country's defense ministry. This comes just days after Taiwan's Vice President, William Lai, made a diplomatic visit to Paraguay with stops in San Francisco and New York City. China's ruling … [Read more...] about Chinese Military Conducts Drills around Taiwan
Tesla Inc. Earnings Report Analysis
According to a Citi Research analyst, Tesla Inc. is expected to have a "neutral-to-slightly negative" setup for its upcoming earnings report. In comparison, the earnings prospects for General Motors Co. are seen as more compelling. Concerns over Tesla's Valuation Tesla's earnings report, scheduled for July 19, comes at a time when the company's shares have more than doubled … [Read more...] about Tesla Inc. Earnings Report Analysis
A2 Milk Achieves Revenue Guidance in Chinese Market
A2 Milk, the New Zealand-based dairy company, announced that it has achieved its annual revenue guidance. However, the company remains cautious as it navigates the increasingly challenging Chinese market for infant formula and struggles with weak sales through daigou, or surrogate shopping. In the 12 months through June, A2 Milk reported a 10% increase in revenue, amounting to … [Read more...] about A2 Milk Achieves Revenue Guidance in Chinese Market
