The BRICS economic bloc is considering Iran’s proposal to link all member nations’ payment systems, according to Russian Deputy Foreign Minister Andrey Rudenko. The proposal aims to enhance BRICS countries’ financial sovereignty by establishing a resilient and sanctions-resistant payment infrastructure. Discussions include integrating financial markets, payments in national currenc
BRICS Considers Iran’s Proposal to Link Payment Systems of All Member Countries, Says Russian Official
Recent insights from a CryptoQuant analyst suggest that Bitcoin’s recent price action could be the beginning of more substantial movements. The analyst, sharing insights on QuickTake, points to historical data on Bitcoin’s price trends and newcomer activities. This data comparison shows that the most significant bull cycles in Bitcoin history have often peaked when the influx of ne
Bitcoin’s Quiet Buildup: Analyst Predicts Major Inflows Yet to Come—Here’s Why
The approval of Bitcoin ETFs by the US Securities and Exchange Commission (SEC) in January 2023 has opened the floodgates for significant institutional investment in the newly approved market. However, US states are also rushing to capitalize on the success of these ETFs by allocating a portion of their pension funds to reap profits and diversify their investments. Wisconsin, Jerse
Bitcoin ETFs Added To Michigan State Pension Fund With $6.6 Million Allocation
The timeline for the initial public offering of billionaire investor Bill Ackman’s new investment fund Pershing Square USA appeared to get a bit hazier on Friday, according to the New York Stock Exchange — though the fund claimed it was still moving ahead with the offering.
Ackman’s Pershing Square USA says IPO is still happening, despite NYSE delay notice
Michael Saylor, executive chairman of Microstrategy, believes the U.S. government should hold the majority of the world’s bitcoin, arguing this would strengthen the U.S. dollar. Drawing parallels to historic acquisitions, he views bitcoin as a critical asset for the future. Saylor emphasized: “The country gotta look to the future, and the future of the country […]
Michael Saylor: US Government Should Own Majority of Bitcoin in the World
The presidential hopeful gave Bitcoin eloquent praise as a future support for the US economy and way to fix broken American money and society.
RFK Jr. promises BTC strategic reserve, dollar backed by hard assets
U.S. stocks rebounded Friday after a turbulent week for the S&P 500.
S&P 500’s turbulent week ends with stocks rallying after inflation report
Mario Tama / Getty Images Key TakeawaysElliott Investment Management again criticized Southwest executives following the carrier's announcement of new revenue-enhancing efforts. The private equity firm blamed Southwest's management for waiting too long to make needed changes, and called for a shakeup.Elliott took a $1.9 billion stake in the airline in June, when it firs
Activist Investor Elliott Criticizes Southwest Again After Airline Announces Changes
Zimbabwe’s central bank, the Reserve Bank of Zimbabwe (RBZ), has injected over US$50 million into the interbank foreign exchange market to stabilize the economy. This move comes as the parallel market exchange rate is significantly higher than the official rate, causing economic instability. The RBZ aims to increase foreign currency supply, reduce pressure on banks, […]
Zimbabwe Injects $50M in Forex Market to Stabilize Currency
CFOTO / Contributor / Getty Images Key TakeawaysGE HealthCare reports second-quarter earnings Wednesday morning, with analysts expecting a slight rise in revenue but little change to profits from a year ago.The report comes after disappointing first-quarter results sent the company's stock down 14% in a single session. GE HealthCare could provide new details on its inve
What You Need To Know Ahead of GE HealthCare's Earnings
Brandon Bell / Getty Images Key TakeawaysConsumer sentiment moved lower again in July, despite improving expectations on inflation.Survey data showed lower-income earners are starting to feel worse about economic conditions, while sentiment remains elevated for higher earners.However, consumer sentiment stands to improve for everyone if gas prices stay low and the Feder
US Consumer Sentiment Declines As Low Earners Become More Concerned
Bloomberg / Contributor / Getty Images Key TakeawaysThe U.S. Securities and Exchange Commission (SEC) has sued short seller Andrew Left and his company Citron Research for securities fraud.The regulator alleges that Left bought stocks almost immediately after telling his readers to sell, and sold stock almost immediately after telling his readers to buy.According to the
Short Seller Andrew Left Is on the Hook for Securities Fraud
Jeffrey Greenberg / Universal Images Group via Getty Images) Key TakeawaysNewell Brands raised its full-year EPS guidance and posted net income that more than doubled year-over-year.The company is in the midst of a restructuring that it expects to generate $65 million to $90 million of annualized savings.A 40% Friday jump in the company's stock has it in the green for 2
Crock-Pot Parent Newell's Stock Leaps Back Into the Green
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