In a bold and strategic move, Rupert Murdoch-owned REA Group has announced its contemplation of a potential takeover offer for U.K. property portal Rightmove. This move aims to establish a global digital real estate business under the control of Murdoch’s News Corp. The Australian property listings company has not engaged in any discussions with Rightmove
The month of August brought about a rollercoaster of emotions for investors as stock markets experienced a significant amount of volatility. With lackluster jobs data in July sparking fears of a looming recession, the global market saw a sell-off which resulted in the Dow Jones Industrial Average dropping over 1,000 points in one day. This
In a recent turn of events in the Bitcoin market, on-chain data has unveiled a fascinating trend. Over the span of just 48 hours, a staggering 40,000 BTC has been withdrawn from cryptocurrency exchanges. This substantial outflow comes at a time when Bitcoin has been experiencing a period of relatively lackluster price performance. Interestingly, this
The recent analysis from UBS paints a bleak picture for the US dollar, indicating that it is expected to face increasing downward pressure in the coming months. Despite a temporary boost from stronger-than-anticipated economic data, the outlook for the greenback remains bearish. This is driven by a combination of factors including narrowing interest rate differentials,
Financial journalist and Bitcoin advisor, Max Keiser, recently took to social media to sound the alarm on the rapidly increasing national debt of the United States. With the U.S. national debt hitting a new all-time high of $35.27 trillion, Keiser warned that the fiat U.S. dollar is on the verge of collapse, possibly within the
The airline industry, which once was focused on expanding fleets and adding new jets to meet increasing demand, is now facing a significant shift in strategy. Cash-strapped low-cost and deep discounter airlines, such as Spirit Airlines, JetBlue Airways, and Frontier Airlines, are putting off spending billions of dollars on new aircraft. The primary reason behind
The U.S. election is considered “U.S. dollar positive” by Citi strategists, with trade and tariff policies expected to be the primary drivers of a bullish USD outlook. The potential for increased tariffs, particularly those targeting China, is seen as a key factor that could strengthen the dollar. Currencies such as the Chinese yuan, euro, Mexican
In the world of cryptocurrency, every move is scrutinized and analyzed for potential market impact. Recently, a whale or institution deposited a significant amount of Bitcoin to the Binance exchange, raising questions about the intent behind this move. While some believe that deposits signal a readiness to sell, others speculate that it could be part
Netflix has been on a winning streak, hitting a record high in August with shares soaring above $700. Analysts are optimistic about the stock’s future potential, with many believing that there is more upside from here. Despite facing competition in the streaming sector and a slowdown in consumer spending, Netflix has managed to outperform, with
The legalization of adult-use marijuana in New York state has paved the way for a new era of cannabis consumption, with licensed dispensaries now offering high-end cannabis products in luxury retail settings. The Travel Agency on Fifth Avenue is one such example, where shoppers can purchase not only premium jewelry and clothing but also locally-grown