Regulators from Yingjiang County in Yunnan, China have issued strict warnings to hydroelectric plants against supplying power to enterprises involved in Bitcoin (BTC) mining. A recent report claimed that the Office of the People’s Government of Yingjiang County issued notice to hydropower plants to strengthen oversight on Bitcoin mining operations. According to the announcement, the
Markets continue to reverse some of last week’s move, as seen in the rebound in European and Asian equities. Dollar, Yen and Swiss Franc all turned weaker while commodity currencies strengthened. PMIs from Eurozone and UK are all solid, despite mild pull back. Yet, both are outshone by commodity currencies. Sterling is currently having a
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Nasdaq up near 100 points now The US stocks are moving higher after trading lower in premarket trading. Feds Kaplan’s comments was the catalyst for the reversal. The US dollar has also reversed with the greenback moving lower over the last few minutes of trading. EURUSD. The EURUSD successfully defended the low from yesterday/low for the week/low going back to November
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Jibun / Markit flash manufacturing PMI for August, wilting from July but still in expansion. Services: 43.5 (vs. July’s 47.4) Composite: 45.9 (July 48.8) Commentary from the report, in brief: weaker demand to ongoing COVID-19 restrictions, coupled with sustained supply chain pressures decline in overall private sector activity was led by the larger services sector,
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In this article TGT Pedestrians wearing protective masks walk past a Target store in New York, on Monday, Aug. 17, 2020. Jeenah Moon | Bloomberg | Getty Images Target is set to report its fiscal second-quarter earnings before the bell on Wednesday. Here’s what Wall Street is expecting, according to Refinitiv consensus estimates: Earnings per
Major indices close higher. The major European indices have erased earlier declines and are closing higher today. The provisional closes are showing: German DAX, +0.2%. The index was down -0.71% at the lows France’s CAC, +0.3%. The index was down -0.57% the lows UK’s FTSE 100, +0.4%. The index was down -0.39% at the lows Spain’s
What you need to know on Monday, August 23: The dollar gave up some ground at the end of the week, but it’s the strongest currency across the FX board. The better performance of equities and bouncing government bond yields put a cap on the greenback’s demand. The main themes were the spread of the
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Bitcoin (BTC) edged closer to $50,000 on Aug. 22 as concerns over a bearish downturn made a timely reappearance. “Modestly bearish” signs accompany $50,000 run-up Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting a high of $49,830 on Bitstamp Sunday — itself a three-month record. The weekend had proven the staying power of higher
In this article CSCO Cisco’s Chairman and CEO Chuck Robbins. Chesnot | Getty Images News | Getty Images Cisco shares moved slightly lower in extended trading on Wednesday after the networking hardware company reported earnings that exceeded analysts’ expectations. Here’s how the company did: Earnings: 84 cents per share, adjusted, vs. 82 cents per share
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