Tesla Expected to Report 0 Million Writedown on Its Bitcoin Holdings

Tesla Expected to Report $440 Million Writedown on Its Bitcoin Holdings

Alex Dovbnya Tesla reported that it held roughly $2 billion worth of Bitcoin back in November E-car maker Tesla is likely to report an impairment loss of…

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S&P Global Manufacturing PMI falls to 52.7 in vs. 52.4 expected

S&P Global Manufacturing PMI falls to 52.7 in vs. 52.4 expected

S&P Global Manufacturing PMI for US declined to 52.7 in June. S&P 500 posts modest daily gains after the data.  The S&P Global Manufacturing PMI for the…

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ISM Manufacturing PMI slumps to 53 in June vs. 54.9 expected

ISM Manufacturing PMI slumps to 53 in June vs. 54.9 expected

ISM Manufacturing PMI fell at a stronger pace than expected in June. US Dollar Index continues to push higher after the data. The business activity in the…

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Back-to-school spending expected to plunge amid inflation

Back-to-school spending expected to plunge amid inflation

Retailers banking on strong back-to-school sales will feel the pinch this summer as strapped consumers are on track to sharply curtail their shopping sprees, according to new…

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OPEC+ expected to stay course on oil output boost

OPEC+ expected to stay course on oil output boost

Image: — © AFP Major oil producers led by Saudi Arabia and Russia are expected to stick to a previously decided output boost at their meeting on…

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Only 11% of Investors Left Crypto Market Instead of Expected 70%

Only 11% of Investors Left Crypto Market Instead of Expected 70%

Arman Shirinyan Crypto market is not wasteland as some economists and analysts portray it Determining the number of investors who left the market can give us insight into…

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Hong Kong on high alert as Xi Jinping visit expected for handover

Hong Kong on high alert as Xi Jinping visit expected for handover

Chinese President Xi Jinping is expected to oversee Hong Kong’s 25th handover celebrations – Copyright AFP Wakil KOHSAR Chinese President Xi Jinping is expected to visit Hong…

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German Retail Sales plunge by 3.6% YoY in May vs. -2.0% expected

German Retail Sales plunge by 3.6% YoY in May vs. -2.0% expected

German Retail Sales arrived at -3.6% YoY in May vs. -2.0% expected. Retail Sales in Germany stood at 0.6% MoM in May vs. 0.5% expected. Germany’s Retail Sales rose…

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Huobi Crypto Expected To Cut Down 30% Of Its Staff Due To Drop In Revenue

Huobi Crypto Expected To Cut Down 30% Of Its Staff Due To Drop In Revenue

Most crypto product and service companies have seen huge revenue drop with the recent trend of events. In addition, the persisting bear market has dealt a devastating…

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CB Consumer Confidence Index drops to 98.7 in June vs. 100 expected

CB Consumer Confidence Index drops to 98.7 in June vs. 100 expected

Consumer confidence in the US continued to weaken in June. US Dollar Index clings to strong daily gains near mid-104.00s. The data published by the Conference Board…

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