How on earth have Diageo shares fallen by 56%?
Image source: Getty Images On the surface, it’s hard to believe Diageo (LSE: DGE) shares have fallen by 56%. Its flagship brand Guinness might be the most popular alcoholic drink…
UK stablecoin caps to stay until systemic risks fade
The Bank of England won’t lift its proposed stablecoin holding limits until it’s confident a flood of bank deposits into digital assets won’t threaten lending to the real economy, Reuters…
PBOC is expected to set the USD/CNY reference rate at 7.1186 – Reuters estimate
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the…
Raja Venkatraman’s top picks for 16 October
Indian benchmark indices staged a strong rebound, snapping a two-day losing streak and closing at a one-month high amid broad-based buying. The Sensex jumped 575 points to end at 82,605.43,…
Ripple Expands African Footprint Through Strategic Partnership with Absa Bank
Ripple has announced a strategic partnership with South Africa’s Absa Bank. Under the agreement, Absa will integrate Ripple’s custody technology to manage tokenized assets, including cryptocurrencies. With this partnership, Absa…
Hogs Ticking Higher at Midday
Lean hog futures are trading with steady to 35 cent higher action across the front months on Wednesday. USDA’s national base hog price from Wednesday morning was reported at $95.12.…
Bitcoin Whale Closes $197M Short, But The Game Might Not Be Over
Bitcoin continues to hover around the $112,500 level, with volatility persisting across the market following last week’s historic crash. According to on-chain data, short-term holders (STHs) remain under heavy pressure,…
Trump admin eyes over 10,000 federal job cuts amid shutdown, CNBC reports
The Trump administration is preparing to cut more than 10,000 federal jobs during the ongoing government shutdown, White House budget director Russell Vought said. CNBC with the info. Vought said…
I asked ChatGPT for the date of the next Rolls-Royce share price crash
Image source: Getty Images The Rolls-Royce (LSE:RR) five-year share price chart is a thing of beauty. It moves ahead, as if on a runway, before soaring into the air like…
James Wynn, High-Stakes Leveraged Crypto Trader, Liquidated Once Again
James Wynn, a pseudonymous high-leverage crypto trader, was liquidated for about $4.8 million on Wednesday, according to blockchain analytics company Lookonchain. Wynn opened up $4.8 million in leveraged positions with…