Bitcoin: is it still worth it? June 24, 2021 That Martini Guy takes a look at the narratives currently surrounding Bitcoin, particularly the arguments about energy use.
China crackdown sends Bitcoin tumbling below $30,000 June 22, 2021 The price of Bitcoin tumbled below $30,000 for the first time since January, wiping out all its gains for the year. The world’s biggest cryptocurrency plummeted by as much as 12 per cent to $28,893 on Tuesday, after China’s central bank intensified a crackdown on cryptocurrencies. Bitcoin has fallen 50 per cent from its April peak [...]
US stocks muted ahead of Fed Chair Powell’s testimony while FTSE climbs June 22, 2021 Wall Street was subdued at the open today as investors awaited Federal Reserve Chair Jerome Powell’s remarks for hints on how the central bank is balancing inflation risk with its promise to ensure a jobs market recovery. The Dow Jones Industrial average fell 0.3 per cent, while the S&P 500 lost 0.05 per cent. Meanwhile, [...]
China crackdown continues though Bitcoin decline slows June 22, 2021 Bitcoin, Ethereum, and other cryptocurrencies are all trading lower again today, with the alt markets seeing particularly large drops. Bitcoin is currently down 3% over the last 24 hours and more than 20% over the last week, though its market dominance is actually up again from 45% to 47% as others take a bigger hit. [...]
Lunch markets are back on the menu at Guildhall Yard June 21, 2021 Mouth-watering cuisine from around the world will be on offer when lunch markets return to Guildhall Yard on Wednesday (June 23rd). Stalls will be serving up food from across the globe – covering everything from Turkish wraps to paella, Thai and Chinese dishes to German hotdogs and Mexican burritos. Visitors are being encouraged to take [...]
FTSE 100 drops while industrial stocks boost mid-caps June 18, 2021 London’s FTSE 100 dipped this morning after a fall in heavyweight oil majors BP and Royal Dutch Shell dragged down the index. The blue-chips fell by 0.5 per cent at the open, with oil dips offsetting gains in large dollar-earning consumer staples firms including Unilever and Diageo. These companies benefitted from a weaker pound, as [...]
Boris Johnson stands at the crossroads of another Huawei saga if Amazon Web Services crushes UK cloud products June 18, 2021 Cloud computing in the UK is at a crossroads: on one path is a vibrant domestic growth sector able to compete on the international stage, down the other is an industry dominated by a few Big Tech giants and stymied by policy inaction. In recent years, British tech companies are being overlooked time and time [...]
US stocks fall as Fed’s taper talk drags down tech shares June 17, 2021 Tech stocks dragged Wall Street lower today after the Fed hinted at tapering its stimulus sooner than expected, piling pressure on a sector that is vulnerable to higher interest rates. The tech-heavy Nasdaq fell by 0.25 per cent at the open, while the Dow Jones Industrial Average was down 0.1 per cent. Meanwhile, the S&P [...]
UK and US agree to end long running Airbus-Boeing trade dispute June 17, 2021 The UK and US have agreed to a truce over the 17-year Airbus-Boeing trade dispute, with both sides set to suspend tariffs for five years. International trade secretary Liz Truss and US trade representative Katherine Tai agreed to create a new working group to consult on subsidies given to the aviation sector and non-market practices [...]
Tiktok owner Bytedance doubles revenue as lockdown fuels viral videos June 17, 2021 The Chinese owner of Tiktok saw its revenue more than double last year as the pandemic drove up interest in the wildly-popular viral video app. In a memo to employees Bytedance said its revenue grew 111 per cent to $34.3bn (£25bn) in 2020, while gross profit rose 93 per cent to $19bn. Bytedance had roughly [...]