Economy

Economy
Economy

Cardano consolidates as analysts spot June 2022-style divergence

The Cardano (ADA) cryptocurrency is trading in a tight consolidation phase around $0.249, with price action locked between short-term support at $0.24 and resistance near $0.26. Over the past 24 hours, ADA has recorded a modest gain of about 1.5%, moving in line with a broader crypto market advance led by Bitcoin’s 1.7% rise. Trading

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Economy

TheSportExchange, Algoz join forces to build liquidity for sports digital assets

TheSportExchange (TSE), which operates in Europe as TSE Marketplace Ltd, has announced a partnership with Algoz, a digital asset trading firm with international operations, as mentioned in a press release shared with Invezz.  As TSE prepares to strengthen liquidity infrastructure and trading capabilities ahead of its targeted direct listing on Nasdaq in Q4 2026, Algoz

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Economy

Tesla stock is jittery ahead of Q1 earnings: what to expect?

Shares of Tesla were wobbly on Tuesday, slipping 0.2% to $392.90 as investors positioned ahead of the company’s first-quarter earnings report. Wall Street expects Tesla to report earnings per share of 36 cents on revenue of $22.3 billion. In the same period a year earlier, the company posted earnings of 27 cents per share on

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Economy

Trump weighs UAE currency swap as war risks test Gulf economy

US President Donald Trump said on Tuesday that Washington is considering financial support measures for the United Arab Emirates, including a potential currency swap arrangement, as geopolitical tensions linked to the Iran conflict raise economic risks across the Gulf region. Speaking in an interview with CNBC, Trump confirmed that discussions around a swap line were

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Economy

Commodity wrap: Oil slips on US-Iran peace talk; firm dollar weighs on gold

It has been an interesting day so far with both precious metals and crude oil prices falling. Both oil and precious metals have traded in opposite directions over the last few weeks.  Gold had slipped below $4,800 per ounce again as the dollar rose against a basket of major currencies.  Meanwhile, oil prices fell on

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Economy

UK sentiment drops to 33-month low as household concerns rise

British consumer morale dropped sharply last month, hitting its lowest level since mid-2023, according to two surveys released on Monday. The decline reflects growing concerns over inflation and geopolitical tensions in the Middle East. Data from S&P Global showed its consumer sentiment index fell to 42.3 from 44.1, marking a 33-month low. Meanwhile, a separate

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Economy

Oil pops 5% on US-Iran escalation; Rystad sees 1B barrels supply shortfall

Middle East tensions are once again driving volatility in oil markets, as periods of apparent de-escalation swiftly give way to renewed uncertainty and price swings. Oil prices bounced back more than 5% on Monday as fears re-emerged that the ceasefire between the US and Iran could collapse after the United States seized an Iranian cargo

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Economy

Bitcoin ETFs log $996M inflows even as Iran tensions resurface

US spot bitcoin exchange-traded funds (ETFs) recorded their strongest weekly inflows since mid-January, extending a three-week streak of positive momentum as improving risk appetite and geopolitical developments drove institutional activity. ETF inflows hit multi-month highs According to data from SoSoValue, spot bitcoin ETFs drew in $996.4 million in net inflows last week, marking the largest

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Economy

AST SpaceMobile sinks 15% after Blue Origin satellite failure

Shares of AST SpaceMobile fell sharply in premarket trading on Monday after the company disclosed a major setback involving one of its latest satellites, raising concerns about execution risks in the fast-growing space-based broadband race. The stock dropped more than 15%, after the company confirmed that its BlueBird 7 satellite had been placed into an

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Economy

How the energy crisis from Iran war is boosting China’s edge in global clean tech

America’s allies, grappling with surging energy costs triggered by Washington’s military strikes on Iran and the resulting disruption in global supply chains, are confronting a strategic dilemma. The crisis has highlighted the need to move away from volatile fossil fuel markets. However, it has also exposed a new risk, as energy security increasingly depends on

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