Thailand’s instant coffee market is expected to grow by 5% this year as Nescafé Thailand plans to allocate 620 million baht for brand communication advertising. Jojo Dela Cruz, business executive officer of Nestlé (Thai) Ltd’s coffee and creamer business unit, said that in this year’s first quarter the value of the country’s instant coffee market […]
The stock market rally is in its most fragile state in months ahead of Wall Street’s busiest week of the summer. The S&P 500 (GSPC) and Nasdaq Composite (^IXIC) recently had their worst single-day drops since 2022 as the indexes struggled to recover losses during a Friday rally. All three major averages closed the final […]
Roman Martinez, one of the co-founders of the Bitcoin Beach in El Salvador, claimed that “a lot of Bitcoiners” are considering the country as a place to resettle in response to international regulatory crackdowns on crypto. Speaking to Cointelegraph at the Bitcoin 2024 conference in Nashville, Tennessee, on July 27, Martinez said some people who […]
The University of Wyoming is launching the UW Bitcoin Research Institute in August. The new institute aims to provide “high-quality peer-reviewed” studies about Bitcoin. Bradley Rettler, a Bitcoin activist and Associate Professor at the University of Wyoming, announced the new institute on X on July 28. He will serve as the institute’s director. Rettler described the current […]
An important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open the way for a widely anticipated September interest rate cut. The personal consumption expenditures price index increased 0.1% on the month and was up 2.5% from a year ago, in line with Dow Jones estimates, […]
US stocks closed a volatile week with a flash of optimism as investors mounted a comeback off promising inflation data and hardening expectations of coming interest-rate cuts. The Dow Jones Industrial Average (^DJI) added 1.6%, or more than 650 points. The S&P 500 (^GSPC) rose about 1.1%, while the Nasdaq Composite (^IXIC) put on 1% […]
Former President Donald Trump’s effort to cement his candidacy with the cryptocurrency industry – and shake it for campaign cash — is starting to be complicated by a new X factor: the ascension of Kamala Harris. Trump’s Saturday appearance at the Bitcoin 2024 conference in Nashville is the latest sign that a second Trump term […]
United States Senator Cynthia Lummis delivered her highly anticipated address at the Bitcoin 2024 conference in Nashville alongside Senator Tim Scott. However, the presentation did not feature the rumored introduction of legislation establishing Bitcoin as a strategic reserve asset of the US. The Wyoming Senator criticized the Securities and Exchange Commission for regulating the industry […]
Chipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations as it saw higher traffic at its restaurants, bucking an industry slowdown. Shares of the company rose about 13% in extended trading before losing most of those gains and settling around 3% higher. As of Wednesday’s close, Chipotle’s stock had slid 17% […]
Home goods and furniture retailer Conn’s Inc. filed for Chapter 11 bankruptcy protection on Tuesday and announced plans to close several locations. The company said more than 70 of its HomePlus stores in 13 states will shutter. Conn’s filed for bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas. FOX Business […]
Since the market opened yesterday, the S&P500 has lost 1.8%, the tech-heavy Nasdaq-100 is down 3.0% and tech darling Nvidia (NVDA) has bled 5.3%. Normally, bitcoin follows stocks (especially tech stocks) on their daily moves, but this time, as of writing, bitcoin (BTC) is up 0.5%. What gives? It’s a small window of time, sure, […]
Ethereum’s big moment has arrived with the launch of five spot ETFs. Earlier this year, Ark Invest’s Cathie Wood stunned cryptocurrency investors by predicting that Bitcoin ‘s (BTC -2.85%) price would reach $1.5 million by 2027. Back in April, Wood believed that the recent approvals of the first exchange-traded funds (ETFs) based on Bitcoin’s spot […]
