The United Nations Food and Agriculture Organization (FAO) released its latest data on Friday, indicating a slight dip in the global food price index for July. The index, which monitors the prices of the most internationally traded food commodities, fell to 120.8 points, down from a revised 121.0 in June. This slight decrease marks a pause in the upward trend ...
Japan’s stock market plunged to an eight-month low on Friday, following the Bank of Japan’s (BOJ) decision to raise benchmark interest rates to their highest level since 2008. This decline, spanning two consecutive days, has rattled investors and analysts, leading to significant market volatility. The Nikkei 225 fell 5.81% to close at 35,909.7, marking its worst day since March 2020 ...
Turkey’s infotech regulator, the Information Technologies and Communication Authority (BTK), has blocked access to Instagram. The decision, announced on August 2, has left millions without access to the popular social media platform, both on desktop and mobile apps. The BTK did not provide a specific reason or duration for the ban. Criticism over content moderation The move comes in the ...
Japanese video game giant Nintendo announced a significant 55% decline in profits for the April-June quarter of 2024, primarily due to falling sales of both its gaming consoles and software, with Switch sales falling considerably. The period saw Nintendo’s profit drop to 80.95 billion yen ($543 million) from 181 billion yen a year earlier, while quarterly sales plunged 46.5% to ...
CleanSpark, the Nasdaq-listed Bitcoin miner, has announced significant expansions to its mining operations with groundbreaking facilities in Wyoming. This move positions CleanSpark as the second-largest Bitcoin miner in the United States by market cap, surpassing Riot Platforms whose stock has retreated for nine straight days although analysts at H.C Wainwrite are bullish on it. Marathon Digital Holdings is the largest ...
Eli Lilly and Company (NYSE: LLY) recently announced promising results from its SUMMIT phase 3 trials, focusing on the efficacy of the tirzepatide injection. The positive findings have sparked investor interest, driving the stock up by 3% today. These results are not only significant for Eli Lilly but also hold potential for millions of patients suffering from heart failure with ...
Lockheed Martin (NYSE: LMT), a titan in the defense and aerospace sector, is back in the spotlight after experiencing seven consecutive days of gains. This surge follows the company’s recent Q2 earnings report, but the reasons behind this rally go beyond a single quarterly update. As geopolitical tensions simmer globally, Lockheed Martin’s stock is reflecting a renewed investor interest. Strong ...
Riot Platforms (RIOT) stock price has broken a bad record for the year. It has retreated in the past nine straight days and reached a low of $10, its lowest swing since July 12. It was its longest losing streak since January when it tumbled for six days straight. Bitcoin price retreat continues Riot Platforms, formerly known as Riot Blockchain, ...