Bitcoin soars over 5% on better-than-expected CPI
Bitcoin (BTC/USD) soared more than 5% on Tuesday morning following better-than-expected Consumer Price Index (CPI) data. Data released by the US Labour Department showed that November’s CPI rose just 0.1% from October’s readings. The inflation gauge however showed a 7.1% reading
Is the FTSE 100 a buy ahead of BoE and UK CPI data?
The FTSE 100 index remained under pressure on Tuesday as investors waited for the upcoming UK inflation and Bank of England (BoE) interest rate decision. It was trading at £7,460, which was a few points below this month’s high £7,630. UK
Former FTX CEO Sam Bankman-Fried arrested in the Bahamas
Sam Bankman-Fried, the founder and former CEO of collapsed cryptocurrency exchange FTX has been arrested in the Bahamas. The arrest followed a request from the US government, Reuters reported late Monday. According to the latest on the developing story, the disgraced former
Why did Rivian pull the plug on its agreement with Mercedes-Benz?
Rivian Automotive Inc (NASDAQ: RIVN) is in focus on Monday after the EV company said it’s decided to walk away from an agreement it signed with Mercedes-Benz only three months ago. Rivian wants to focus on its consumer business In September, Rivian
Should you buy Oracle stock despite soft guidance?
Oracle Corporation (NYSE: ORCL) is trading up in extended trading after reporting better-than-expected results for its second financial quarter. Oracle’s guidance for the third quarter Shares are holding up even though the multinational’s guidance for profit came in a bit shy of