Metaplanet has become the latest Bitcoin-focused company to feel the strain of the sharp downturn in digital asset prices, after Bitcoin retreated significantly from the record highs reached in October. The Japanese firm disclosed on Monday a full-year loss of ¥95 billion ($605 million) on revenue of ¥8.9 billion ($58 …
Read More »Gold and Silver Extend Losses as Markets Brace for U.S. Data and Iran Talks
Gold and silver prices declined sharply on Tuesday, extending losses from the previous session as investors remained cautious ahead of a busy slate of U.S. economic data and developments surrounding upcoming nuclear talks between the United States and Iran. Trading activity was subdued due to market holidays in both China …
Read More »European Stocks Mixed as Earnings, U.K. Jobs Data and U.S.–Iran Talks Shape Sentiment
European equity markets traded in a mixed manner on Tuesday, as investors balanced a steady flow of corporate earnings against fresh U.K. labor market data and rising geopolitical focus on nuclear talks between the United States and Iran. By 03:05 ET (08:05 GMT), Germany’s DAX slipped 0.1%, France’s CAC 40 …
Read More »Bitcoin Stabilizes as Thin Holiday Trade and Macro Uncertainty Weigh on Crypto Markets
Bitcoin traded with limited direction on Tuesday, as subdued liquidity from holidays across several major markets curtailed trading activity, while investors remained cautious ahead of key U.S. economic data and upcoming diplomatic talks between the United States and Iran. The world’s largest cryptocurrency slipped 0.5% to $68,056 by 00:39 ET …
Read More »U.K. Unemployment Ticks Higher as Wage Growth Cools, Reinforcing Rate-Cut Expectations
The U.K. labor market showed further signs of cooling in December, with unemployment edging higher and wage growth easing, strengthening the case for additional interest rate cuts by the Bank of England in the coming months. Data released Tuesday by the Office for National Statistics (ONS) showed that the unemployment …
Read More »Oil Edges Lower as Markets Weigh U.S.–Iran Talks and a Stronger Dollar
Oil prices slipped modestly in subdued holiday trading on Tuesday, as investors kept a close watch on upcoming negotiations between the United States and Iran, alongside pressure from a firmer U.S. dollar. Brent crude futures for April delivery declined 0.3% to $68.45 a barrel, while West Texas Intermediate (WTI) crude …
Read More »Sterling Treads Water Ahead of Key UK Data That Could Shape BoE Rate Outlook
The British pound struggled to find clear direction on Monday against both the U.S. dollar and the euro, as investors remained cautious ahead of a crucial slate of UK economic data later this week that could determine the path of future interest rate cuts by the Bank of England. Sterling …
Read More »AI Valuation Reckoning Hits Big Tech as Investors Demand Profits Over Promises
Some of the world’s most valuable technology companies have suffered steep market value losses this year, marking a sharp reversal after years of outsized gains driven by enthusiasm around artificial intelligence. Investors are increasingly questioning whether massive AI-related spending will deliver returns strong enough to justify previously stretched valuations. Microsoft …
Read More »European Stocks Edge Higher as Earnings Strength Offsets Holiday-Thin Trading
European equity markets ticked higher on Monday, supported by a broadly positive earnings season, although trading volumes remained subdued due to public holidays in Asia and the United States. By 03:02 ET (08:02 GMT), Germany’s DAX rose 0.4%, France’s CAC 40 gained 0.2%, and the U.K.’s FTSE 100 advanced 0.2%, …
Read More »Bitcoin Extends Selloff as Rate Uncertainty Weighs; Strategy Dismisses Liquidation Fears
Bitcoin fell again on Monday, extending a prolonged downturn after cryptocurrency markets recorded four consecutive weeks of heavy losses, as uncertainty over U.S. interest rates continued to sap appetite for speculative assets. The world’s largest cryptocurrency retreated after briefly climbing toward the $70,000 level over the weekend. Bitcoin was last …
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