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Bitcoin closes June down 40% and below $20,000 as markets view recession fears and contagion risks

  • Post published:July 1, 2022
  • Post category:Market
  • Reading time:4 mins read

(Kitco News) The world's largest cryptocurrency fell 40% in June, ending the month below its key $20,000 level. Markets are depressed as attention turns to growing recession fears and more…

Continue ReadingBitcoin closes June down 40% and below $20,000 as markets view recession fears and contagion risks

Wall Street ends in the red and the S&P 500 marks its worst first-half decline in more than half a century

  • Post published:July 1, 2022
  • Post category:Economy
  • Reading time:5 mins read

Wall Street lost ground on the final day of the fiscal year and the benchmark S&P 500 index recorded its worst first-half drop since 1970.Key points:The Dow Jones index fell…

Continue ReadingWall Street ends in the red and the S&P 500 marks its worst first-half decline in more than half a century

EU Agrees to Negotiate on Historic MiCA Cryptocurrency Regulation

  • Post published:June 30, 2022
  • Post category:Business
  • Reading time:5 mins read

Bitcoin is a volatile asset, and has been known to swing more than 10% up or down in a single day.Jakub Porzycki | Nurphoto | Getty ImagesOn Thursday, EU officials…

Continue ReadingEU Agrees to Negotiate on Historic MiCA Cryptocurrency Regulation

EU Agrees to Negotiate on Historic MiCA Cryptocurrency Regulation

  • Post published:June 30, 2022
  • Post category:Business
  • Reading time:5 mins read

Bitcoin is a volatile asset, and has been known to swing more than 10% up or down in a single day.Jakub Porzycki | Nurphoto | Getty ImagesOn Thursday, EU officials…

Continue ReadingEU Agrees to Negotiate on Historic MiCA Cryptocurrency Regulation

The market’s worst first half in 50 years comes down to one thing

  • Post published:June 30, 2022
  • Post category:Market
  • Reading time:5 mins read

Traders on the floor of the NYSE, June 29, 2022.Source: NYSEA multitude of factors combined to generate the worst first half of the stock market since 1970, but they all…

Continue ReadingThe market’s worst first half in 50 years comes down to one thing

Nikola’s vote to issue new shares seeks to counter founder Trevor Milton

  • Post published:June 30, 2022
  • Post category:Business
  • Reading time:4 mins read

US Nikola CEO and Founder Trevor Milton speaks during the presentation of his new all-electric battery and hydrogen fuel cell trucks in partnership with CNH Industrial, at an event in…

Continue ReadingNikola’s vote to issue new shares seeks to counter founder Trevor Milton

Nikola’s vote to issue new shares seeks to counter founder Trevor Milton

  • Post published:June 30, 2022
  • Post category:Business
  • Reading time:4 mins read

US Nikola CEO and Founder Trevor Milton speaks during the presentation of his new all-electric battery and hydrogen fuel cell trucks in partnership with CNH Industrial, at an event in…

Continue ReadingNikola’s vote to issue new shares seeks to counter founder Trevor Milton

NIO stocks slump, short sellers question battery sales, management strikes back.

  • Post published:June 30, 2022
  • Post category:Business
  • Reading time:5 mins read

Text size NIO denied the accounting allegations in a report by short seller Grizzly Research. Qilai Shen/Bloomberg Shares of the Chinese electric vehicle manufacturer NIO fell more than 11% in…

Continue ReadingNIO stocks slump, short sellers question battery sales, management strikes back.

Coinbase seeks European licenses in a bid to expand growth outside of the US

  • Post published:June 30, 2022
  • Post category:Business
  • Reading time:4 mins read

Coinbase saw a 27% decline in revenue in the first quarter as usage of the platform plummeted.Chesnot | Getty ImagesCoinbase is seeking licenses from various countries in Europe as part…

Continue ReadingCoinbase seeks European licenses in a bid to expand growth outside of the US

Chinese factory activity expands for first time in four months

  • Post published:June 30, 2022
  • Post category:Economy
  • Reading time:3 mins read

A member of staff assembles electric vehicles on a production line at beite Electric Vehicle Co. Business at the Chinese factory increased for the first time in four months after…

Continue ReadingChinese factory activity expands for first time in four months
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