Bitcoin (CRYPTO: BTC), the world's largest cryptocurrency, has always been a controversial asset. Can things get any better for the Bitcoin bulls? The world's largest cryptocurrency just got a ringing endorsement from Federal Reserve Chair Jerome Powell.
Chinese leaders pledge 'moderately loose' monetary policy, more support for slowing economy
China’s top leaders have pledged to loosen monetary policy and provide more support for the slowing economy, while Premier Li Qiang swiped at threats of higher tariffs on Chinese exports, saying they hinder global growth. Shares in Hong Kong jumped Monday after state media released a report on the meeting by the ruling Communist Party’s Politburo that said leaders would “implement more active fiscal policies and moderately loose monetary policies.” The shift to “moderately loose” from the “prudent” monetary policies of the past 14 years was taken as a significant shift by market players, unleashing a spate of buying that pushed the Hang Seng index up 2.8%.
Puig Stock Recovers After Taking a Plunge
The Spanish company’s stock was negatively affected after the group said it would withdraw a batch of Charlotte Tilbury makeup spray.
South Korea’s EV battery makers lose global market share
Concerns are growing over US policy change under new government.
The Crypto Market Is Doing Something It Typically Only Does 1 Time Per Year -- and History Is Very Clear What Happens Next
Right now, all indicators are flashing green for the arrival of altcoin season. For most of the year, cryptocurrencies tend to follow the direction of Bitcoin (CRYPTO: BTC), which is by far the largest crypto, accounting for a whopping 54% of the total market cap of the crypto market.
Chinese stocks, yuan stage late rebound on Politburo pledges
(Bloomberg) -- Chinese stocks listed in Hong Kong rebounded in the final hour of trading as the nation’s top leaders vowed to ease monetary policy and expand fiscal spending. Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitThe Hang Seng China Enterprises Index reversed a small drop to end the day 3.1% higher, it’s bigg
Chinese memory chipmaker YMTC denies back-door listing move amid semiconductor stock surge
Yangtze Memory Technologies Corp (YMTC), China's leading memory chipmaker, has denied it is seeking a back-door listing to take advantage of the frenzy in the country's chip-related stocks amid tighter US tech sanctions. Considered China's best chance to compete in advanced flash memory chips against global leaders Samsung Electronics and SK Hynix, YMTC issued a statement on Sunday saying it "never had any intention of pursuing a back door- listing". The statement was in response to earlier loca
Gauging Bitcoin, XRP Resistance Levels After Record Price Rallies
As cryptocurrencies enter price-discovery mode, options market activity can help traders identify potential resistance levels.
What Happened in Crypto Today: Why Traders Are Obsessed With Next Week
Here is a 2-minute breakdown of everything important that happened in crypto today.
Free Mobile Plan for Shareholders Spurs 7% Jump in Rakuten Stock
(Bloomberg) -- Rakuten Group Inc. shares surged on Monday after the Japanese e-commerce company announced that it would offer one-year free mobile plans for shareholders. Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitThe 6.7% advance in the stock, its biggest in