SMIC, China’s Largest Chipmaker, Gains 7.4% Amid Pelosi’s Taiwan Visit
Chinese semiconductor stocks surged higher in the past two days, boosted by growing U.S.-Sino tensions following Nancy Pelosi's visit to Taiwan.
BTC$65,637.00-0.89%
ETH$1,790.31+0.01%
USDT$0.9991-0.04%
XRP$1.22-1.90%
USDC$0.99980.00%
SOL$73.62-0.36%
TRX$0.3165-0.75%
FIGR_HELOC$1.04+0.75%
HYPE$72.98+9.26%
DOGE$0.0872-0.91%
USDS$0.9997-0.01%
LEO$9.74+0.01%
RAIN$0.0142+2.95%
ZEC$506.97-1.92%
XLM$0.2186+1.74%
BTC$65,637.00-0.89%
ETH$1,790.31+0.01%
USDT$0.9991-0.04%
XRP$1.22-1.90%
USDC$0.99980.00%
SOL$73.62-0.36%
TRX$0.3165-0.75%
FIGR_HELOC$1.04+0.75%
HYPE$72.98+9.26%
DOGE$0.0872-0.91%
USDS$0.9997-0.01%
LEO$9.74+0.01%
RAIN$0.0142+2.95%
ZEC$506.97-1.92%
XLM$0.2186+1.74%
Chris Bloomstran believes MicroStrategy stock is trading on 2.9x NAV, suggesting that buying MSTR today is like buying bitcoin at $41,000.
Chinese semiconductor stocks surged higher in the past two days, boosted by growing U.S.-Sino tensions following Nancy Pelosi's visit to Taiwan.
One indicator suggests that the risks of the crypto winter spreading to the traditional financial markets might be waning.
Inflation in Sri Lanka rose to a new record high of 60.8%, a sharp jump from the 54.6% inflation level that was reported in June.
Shell posted record profits for a second consecutive quarter amid soaring oil and gas prices.
The U.S. GDP contracted 0.9% in the last three months, marking the second consecutive quarter of negative economic growth.
El Salvador would partially fund the $1.6 billion buyback using special drawing rights from the IMF.
The fiat system revolves around decrees, including recession vs. technical recession.
Russia's gas supply is set to determine the severity of economic recession in Europe later this year, according to ING's chief economist Carsten Brzeski.
Mortgage demand falls to its lowest level in 22 years due to record-high inflation and a series of interest rate hikes.
Morgan Stanley believes El Salvador's bonds could bounce back to 44 cents on the dollar by year-end.
Fund managers have cut their stock holdings to the lowest level since the 2008 global crisis, propelling cash holdings to 21-year high.
Soaring energy prices accounted for almost half of the eurozone's record inflation of 8.6% in June.