News
Important Only
Bitcoin Bulls Build Up Safety Net – What Does This Mean For Price?
A key demand zone has formed just below Bitcoin’s current price due to significant buying interest in this particular zone. On-chain data from IntoTheBlock shows that 2.76 million addresses have accumulated 2.1 million BTC at this price, creating a strong support base.
BREAKINGVIEWS-Nissan offers suitors daunting risk-reward trade
At least Makoto Uchida knows his turnaround plan for Nissan Motor 7201.T is worth something. The beleaguered $11 billion Japanese carmaker’s CEO now has KKR KKR.N mulling an investment, Bloomberg reported on the same day he officially broke off merger talks with Honda 7267.T. Foxconn 2317.TW is...
Reuters
Mon, Feb 24
Berkshire Hathaway reports record operating earnings as cash pile swells further
Warren Buffett's Berkshire Hathaway (NYSE:BRKa) (NYSE:BRKb) reported record operating earnings for 2024, driven by strong performance in its insurance businesses and higher investment income. Meanwhile, the firm's cash position rose to a new high of $334.20 billion in the fourth quarter.Investing.com
Mon, Feb 24
ECB's Wunsch warns of risk of 'sleepwalking' into excessive rate cuts, FT reports
European Central Bank policymaker Pierre Wunsch said the euro zone faces the risk of "sleepwalking" into excessive interest rate cuts and must be prepared to stop lowering borrowing costs soon, the Financial Times reported on Monday.
Reuters
Mon, Feb 24
Europe faces incremental defence shift amid geopolitical pressures
Investing.com -- Europe is likely to take incremental steps rather than a transformational approach in adjusting its defence strategy, Barclays (LON:BARC) said amid the mounting geopolitical pressures and inefficiencies in defence spending.
Ethereum Developer Counters Idea Of Blockchain Rollback Amid Bybit Hack
Ethereum Foundation lead developer Tim Beiko has dismissed the idea of an Ethereum blockchain rollback following the Bybit crypto exchange hack. In a detailed post on X, Beiko explained why such a proposal is impractical and unfeasible.Gold price extends its consolidative price move near all-time peak
Gold price continues to attract safe-haven flows amid worries about Trump’s tariff plans. The emergence of fresh USD selling and inflation concerns also support the XAU/USD pair. Hawkish Fed expectations might cap any further gains for the non-yielding yellow metal.Fxstreet
Mon, Feb 24
INDIA STOCKS-Indian benchmarks set to open lower on global demand, tariff woes
Indian benchmark stock indexes are set to open lower on Monday, tracking weakness in their global peers, after the U.S. equities tumbled in the previous session on concerns over softening consumer demand and tariff threats.Reuters
Mon, Feb 24
Trump administration eliminating 1,600 USAID jobs in the US
President Donald Trump’s administration said on Sunday it was placing all personnel at the foreign assistance agency USAID, except leaders and critical staff, on paid administrative leave and eliminating 1,600 positions in the United States.Reuters
Mon, Feb 24
GLOBAL MARKETS-German stock futures, euro edge up on Merz win
SYDNEY, Feb 24 (Reuters) - European shares steadied on Monday as Germany's election produced no nasty surprise, while Wall Street futures firmed on hopes results from AI diva Nvidia this week would justify the tech sector's sky-high valuations.Reuters
Mon, Feb 24
