Author: Press Room

As May comes to an end, Bitcoin and Ether are struggling to gain momentum and are at risk of closing out the month lower.Bitcoin has plateaued this week and may post its first monthly loss of 2023. Ether has ticked slightly higher but could also end May down from its open.Given the recent slow movements in the cryptocurrency market, what are the best cryptos to buy now?Investor sentiment is fluctuating in response to uncertainty around the U.S. debt ceiling and rising inflation.Markets are awaiting an agreement between President Biden and House Speaker McCarthy to raise the debt ceiling before the…

© Reuters. Investing.com — Gold bulls are still counting on another record high if the Chicken Little metaphor of saving the world — or more precisely, the U.S. economy, from a government debt default or recession — doesn’t come true. Yet, the path of least resistance for the yellow metal over the past three weeks has been lower. on New York’s Comex settled Friday’s session at $1,944.30 an ounce, up just 60 cents, or 0.03%, on the day. The benchmark gold futures contract fell to a nine-week low of $1,936.90 earlier in the session, after hitting an all-time high of…

br © Reuters. Investing.com — On one end, the debate is whether there’ll be a pause or hike. On the other, it’s whether a stay or another cut is coming. But Fed hike or OPEC+ cut, May is turning out to be a mixed month for oil bulls despite two straight weeks of gains. New York-traded West Texas Intermediate, or , crude settled Friday’s trade up 84 cents, or 1.2%, at $72.67 per barrel. WTI slumped 3% in the previous session, but still managed to finish up 1.6% on the week after last week’s rise of 2.2%. London-traded crude, the…

© Reuters. FILE PHOTO: A view shows the Zaporizhzhia Nuclear Power Plant in the course of Russia-Ukraine conflict outside Enerhodar in the Zaporizhzhia region, Russian-controlled Ukraine, March 29, 2023. REUTERS/Alexander Ermochenko (Reuters) – Ukraine’s defence ministry on Friday said Russia was planning to simulate a major accident at a nuclear power station controlled by pro-Moscow forces to try to thwart a long-planned Ukrainian counteroffensive to retake territory occupied by Russia. The Zaporizhzhia plant, which lies in an area of Russian-occupied southern Ukraine, is Europe’s biggest nuclear power station and the area has been repeatedly hit by shelling that both sides…

© Reuters. FILE PHOTO: Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo By Arathy Somasekhar HOUSTON (Reuters) -Oil prices ticked up on Friday as U.S. officials appeared close to striking a debt-ceiling deal, and as the market weighed conflicting messages on supply from Russia and Saudi Arabia ahead of the next OPEC+ policy meeting. settled 69 cents, or 0.9%, higher at $76.95 a barrel. U.S. West Texas Intermediate closed up 84 cents, or 1.2%, at $72.67 a barrel. On a weekly basis, both benchmarks posted a second week of…

© Reuters. FILE PHOTO: A logo of Petronas is seen at their office in Kuala Lumpur, Malaysia, April 27, 2022. Picture taken on April 27, 2022. REUTERS/Hasnoor Hussain KUALA LUMPUR (Reuters) -Malaysia’s state oil firm Petronas said on Saturday an anti-corruption probe into the firm’s dealings involving a $90 million project had not found any wrongdoing by the company. Malaysia’s Anti-Corruption Commission (MACC) said on Friday it was investigating allegations of corruption involving Petronas and an international oil and gas company in a project worth 399 million ringgit in the state of Sarawak. It did not identify the company. Petronas…

Nasdaq Composite is in focus this morning after the U.S. Bureau of Labour of Statistics said the core personal consumption expenditures price index was up more than expected in April. What today’s inflation data means for tech stocks For the month, the Fed’s preferred inflation gauge rose 0.4% – supporting the narrative that rates could remain higher for longer. Still, Victoria Greene – the Chief Investment Officer of G Squared Private Wealth is convinced that the ongoing rally in tech stocks is far from over yet. Being concentrated in mega-cap tech stocks has been where to be in this market.…

© Reuters. FILE PHOTO-A North Korean flag flutters at the propaganda village of Gijungdong in North Korea, in this picture taken near the truce village of Panmunjom inside the demilitarized zone (DMZ) separating the two Koreas, South Korea, July 19, 2022. REUTERS By Josh Smith and Sudev Kiyada SEOUL (Reuters) – For North Koreans, the country’s northern frontier long offered rare access to outside information, trade opportunities, and the best option for those seeking to flee. But as the pandemic gripped the world in 2020, Kim Jong Un’s regime embarked on a massive exercise to seal its borders with China…

© Reuters. FILE PHOTO: Members of the Writers Guild of America (WGA) East picket outside Peacock Newfront streaming service offices, in New York City, U.S., May 2, 2023. REUTERS/Shannon Stapleton/File Photo By Jorge Garcia LOS ANGELES (Reuters) – Unions representing teachers, truck drivers and other workers who will be headed soon to the bargaining table turned out in downtown Los Angeles on Friday to support Hollywood’s striking film and television writers. The Writers Guild of America (WGA) began a work stoppage on May 2 after failing to reach an agreement for higher wages with media companies including Walt Disney (NYSE:)…

The MultiChain protocol and its native token, the MULTI, have been in the limelight in today’s crypto news following reports of transactions on the Multichain protocol being delayed across multiple cross-chain bridges without a clear explanation. This has led to a huge sell-off that resulted in the MULTI price dropping by 20% at press time. A crypto wallet linked to Fantom Foundation reportedly withdrew 449,740 MULTI tokens worth about $2.4 million from liquidity on the decentralized exchange SushiSwap. The sell-off was further fuelled by a tweet that purported that the “multichain team has been arrested by the Chinese police, with…