Bitcoin‘s current technical landscape underscores a critical juncture, with the cryptocurrency trading around $42,885. The asset’s immediate resistance levels are charted at $43,457, $43,844, and $44,335, delineating potential ceilings for upward movements. On the downside, support is positioned at $42,535, followed by $41,950 and $41,395, marking pivotal zones for price…

One stalwart value investor recently increased his stake in a bank and a crane maker, while exiting an investment in an appliance maker. Edgar Wachenheim III’s Greenhaven Associates bought up Citigroup stock, doubled an investment in Terex, and sold all its shares of Whirlpool. Greenhaven, which manages $9.4 billion of…

By Tom Polansek CHICAGO (Reuters) – The U.S. is detecting fewer cases of avian flu in wild birds that transmit the virus to poultry flocks, the agriculture department said, a potentially positive development for farmers and consumers after a two-year outbreak. A top official warned that risks remain high, though,…

SHANGHAI (Reuters) – China’s yuan eased against the dollar on Friday, as a widening yield spread and balance sheet policy divergences between the U.S. and China remained short-term headwinds for the yuan. The yield gap between China’s 10-year government bonds and its U.S. counterparts has widened by 24 basis points…

Solana (SOL) price predictions are turning increasingly bullish, with the cryptocurrency still substantially below its December peaks, but with chart analysis hinting at upside price risks and widely followed crypto personality Arthur Hayes commenting that it may be time to “get back on the Solana train”.Hayes made the post earlier…

If the past is any guide, the S&P 500 index could continue to power higher in 2024 after posting strong returns in January, according to an analysis from Bespoke Investment Group. A team of stock-market analysts at Bespoke found that typically when the S&P 500 SPX is trading in positive…

© Reuters. Huawei expects 9% revenue growth in 2023 – Reuters According to Reuters, Huawei expects to report revenue exceeding 700 billion yuan ($98.5 billion) for 2023. The publication said the company’s rotating chairman, Ken Hu, revealed the number in an internal new year message, which it has seen. It…

By Laura Sanicola (Reuters) -Oil prices settled slightly higher after a choppy trading session on Wednesday as investors worried about global trade disruption and tensions in the Middle East following attacks on ships by Yemen’s Iran-aligned Houthi forces in the Red Sea. Limiting price gains were a surprise inventory build,…

SHANGHAI/BEIJING (Reuters) – China’s major state-owned banks were active in onshore and offshore foreign exchange markets this week trying to contain the yuan’s slide, four people with direct knowledge of the matter said. The state banks were seen swapping yuan for U.S. dollars in the onshore swap market before quickly…

Last updated: February 2, 2024 00:33 EST | 1 min read Source: DALL·E The United Arab Emirates and China have executed their first cross-border central bank digital currency (CBDC) transaction valued at $13.6 million using digital dirham and digital yuan.According to People.cn, the 50-million-dirham ($13.6 million) transaction occurred via the…