Tag Archives: Hits

Supply constraints and increased demand drove the average price of a new car to $41,044 in July, an all-time high, according to J.D. Power’s latest U.S. Automotive Forecast. “We can’t get to $41,000 without both a supply chain issue that we’re seeing from microchips, as well as increased consumer demand that is not being met with the supply available,” J.D. Power Vice President of Data & Analytics Tyson Jominy told Yahoo Finance.  The previous high, set in June, was $39,942. “Too few vehicles… Source link

(Bloomberg) — Rio Tinto Group, the world’s biggest iron ore miner, reported its highest-ever interim profit and will pay $9.1 billion in dividends as the company and its global rivals cash in on this year’s commodities rally. Rio is the first of the majors to post earnings, kicking off a reporting season that’s expected to see record results across the board. The industry has been one of the biggest beneficiaries from the world’s efforts to emerge from the pandemic. The trillions of… Source link

HONG KONG/SINGAPORE (Reuters) -Cryptocurrencies popped to the top of recent ranges on Monday as short sellers bailed out in the wake of a strong week and while traders hoped a handful of positive comments from influential investors might signal a turnaround in fragile sentiment. Bitcoin rose as far as 12.5% to hit $39,850, its highest since mid-June during the Asia session, while ether hit a three-week peak of $2,344. On the heels of bitcoin’s best week in almost three months, the move put… Source link

TipRanks Boston Beer Earnings Losing Their Fizz The earnings season saga continues, and it isn’t always pretty. The Boston Beer Company, Inc. (SAM) reported missed consensus expectations last Friday, to the dismay of investors. Missing on earnings is one thing, but cutting guidance is another. The company downgraded its future outlook, and shares tumbled more than 26% on the news. (See Boston Beer Company stock charts on TipRanks) Elaborating on the event is William Kirk of MKM Partners, who… Source link

(Bloomberg) — Bitcoin traded above a crucial technical level over the weekend for the first time since early May, after comments from Ark Investment Management LLC’s Cathie Wood and Tesla Inc. Chief Executive Officer Elon Musk helped boost its momentum. The largest cryptocurrency rose above its 50-day moving average on Saturday for the first time since May 12. It rose again Sunday, its fifth consecutive day of gains, to as high as $34,609. Bitcoin had looked to be in danger of further… Source link

The regulator said in a statement on Tuesday that Google (GOOGL) had disregarded several injunctions related to the tech company’s negotiations with French news publishers. Google was fined €500 million ($592 million) over its failure to comply. If the search giant does not present compensation offers to publishers within the next two months, it faces additional penalties of up to €900,000 ($1.1 million) per day. “When the regulator imposes obligations for a company, it must comply… Source link

The regulator said in a statement on Tuesday that Google (GOOGL) had disregarded several injunctions related to the tech company’s negotiations with French news publishers. Google was fined €500 million ($592 million) over its failure to comply. If the search giant does not present compensation offers to publishers within the next two months, it faces additional penalties of up to €900,000 ($1.1 million) per day. “When the regulator imposes obligations for a company, it must comply… Source link

Bitcoin addresses that hold over 100,000 BTC have hit a 27-month high Bitcoin whales appear to be accumulating the crypto at current prices. The total number of holders with over 100,000 BTC remains at a 27-month-high. The accumulation appears to be happening during bitcoin’s recent price correction from its all-time high of $64,000. On-chain analysis and market insights firm Santiment states that bitcoin addresses with over 100,000 BTC account for 3.64% of the supply. However, Santiment also… Source link

The amount of bitcoin held on exchanges has declined to a six-month low as the price of bitcoin has seen a 47% decline since its previous all-time high. Bitcoin held on exchanges has seen a continuous decline over the past couple of weeks. The supply held on exchanges has been declining since Mid-May. The current supply on exchanges based on the percentage of the total supply saw a new six-month low being hit.   Low supplies of BTC on exchanges is bullish On-chain analysis company Santiment Source link

Reuters Pro-Trump social media app hacked on launch day as half million sign up A social media site launched on Sunday by Jason Miller, a senior adviser to former U.S. President Donald Trump, was briefly hacked, and more than 500,000 people have registered to use the site, Miller said. GETTR, a Twitter-style platform with posts and trending topics, has advertised itself on the Google and Apple app stores as “a non-bias social network for people all over the world.” A writer for Salon posted… Source link