Bitcoin Slips Below 200-Day SMA, Presents Dual Price Potential – Bitcoinist

Over the past two years, Bitcoin (BTC) has produced a strong positive price performance, rising more than 300% since the beginning of 2023. In 2024 alone, this crypto market leader has surged 40%, notably reaching an all-time high of $73,750 in March. However, recent price movements suggest that Bitcoin’s upward trajectory may experience a major […]

Disney warns theme park revenue to fall as quarterly profit slips

The Walt Disney Co. reported a decline in operating profit at its theme parks and predicted a “declining demand” in the coming quarter, overshadowing the success of Pixar’s animated film “Inside Out 2” and its streaming service. Disney shares fell 4.5% on Wednesday after the company warned that its theme parks operating profit would decline […]

US Dollar (DXY) Index News: Greenback Slips as PCE Data Sparks Rate Cut Hopes – FX Empire

PCE report meets expectations The Federal Reserve’s (Fed) favorite inflation measure, the PCE price index, rose 0.1% month-on-month and 2.5% year-on-year in June, in line with consensus expectations. Core PCE, which excludes food and energy, rose 0.2% month-on-month and 2.6% year-on-year, also in line with expectations. These figures suggest that inflation is gradually declining but […]

Porsche slips 5% after lowering profit outlook over alloy shortage

Luxury car maker Porsche fell more than 5 percent on Tuesday after it sharply cut its outlook for future sales and profits. Quote Unexpected aluminum alloy supply shortage. The German carmaker said floods at an undisclosed European contractor have hit supplies of aluminum alloys, affecting production of all its models and potentially leading to the […]