Celsius Holdings stock price has collapsed, turning a company that was highly popular among investors into a toxic one. It has collapsed from near $100 in 2024 to the current $22. It has had a $17 billion wipeout as its market cap has crashed from $22 billion to $5 billion.…
Howard Lutnick, former CEO of Cantor Fitzgerald and a well-known Bitcoin advocate, has officially been confirmed as the new US Secretary of Commerce. The Senate approved his nomination with a 51-45 vote, placing him in a key position within President Donald Trump’s administration.House Republicans@HouseGOP·FollowCongratulations to our new Secretary of Commerce…
Donald Trump’s administration has initiated an unprecedented downsizing of the US civil service, with government agencies slashing thousands of jobs in line with his push for a smaller, more business-friendly federal workforce. The restructuring effort, led by billionaire Elon Musk through the Department of Government Efficiency (DOGE), has already seen…
President Donald Trump has signed an executive order aimed at aggressively lowering the cost of in vitro fertilization (IVF), positioning the move as a response to rising concerns over family formation and fertility treatment accessibility.The decision comes as part of his broader election campaign strategy, reinforcing his appeal among middle-class…
Goldman Sachs analysts asserted that a potential ceasefire in Ukraine and the subsequent easing of sanctions on Russia would likely have a negligible impact on Russia’s oil flows. The financial institution contended that even with reduced sanctions, Russia’s capacity to substantially increase its oil exports would remain limited due to a…
The UK’s inflation rate unexpectedly surged to 3% in January, surpassing analyst expectations and raising concerns about the pace of future interest rate cuts. Data from the Office for National Statistics (ONS) on Wednesday showed a sharp rise from December’s 2.5% inflation, driven by higher transport and food costs. The…
China is making a serious push to lead the world in technology. From artificial intelligence and electric vehicles to semiconductors and renewable energy, the country is accelerating its efforts to outpace the West. President Xi Jinping’s meeting with top business leaders is a statement to the West that Beijing is changing…
While cryptos remain weak amid pessimistic macro developments, Maker (MKR) displayed resilience with substantial price gains over the past week.The altcoin trades at $1,196 after gaining 10% and over 25% in the past day and week. On-chain data indicates continued gains as Maker’s record high daily revenue on Feb 10…
The GBP/USD exchange rate continued its strong rally on Wednesday after the UK published a hotter-than-expected inflation report and as the market awaited for the upcoming Federal Reserve minutes. So, why is the GBP to USD pair soaring as the UK remains in a stagflation?GBP/USD rises amid stagflation concernsThe GBP/USD…
The World Gold Council expects bar and coin demand in China to stay strong even as high gold prices may negatively impact gold jewelry sales, despite consumer spending remaining relatively stable. In the long run, a pilot program that permits Chinese insurers to purchase physical gold should further bolster investment demand,…