European Union High Representative for Foreign Affairs and Security Policy Kaja Kallas said on Thursday that the bloc will work on additional sanctions regarding the Russian shadow fleet. “Today we had the head of European intelligence in our meeting, giving concrete examples and numbers on how the sanctions against the shadow fleet are really affecting …
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Verizon Communications Inc. will start notifying employees on Thursday that their positions are affected in the company’s largest-ever round of layoffs, The Wall Street Journal reported, quoting an email that CEO Dan Schulman sent to staff. The company intends to cut more than 13,000 jobs as part of Schulman’s plan to reduce Verizon’s cost base, …
Hamas and Hezbollah are rebuilding their infrastructure in coordination with Iran to revive the so-called axis of resistance, the Jerusalem Post reported on Thursday, citing Israeli security officials. According to the report, Hamas has been rebuilding its forces in Gaza since the ceasefire took effect, recruiting and training new operatives, gathering intelligence and preparing for …
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The Abu Dhabi Investment Council more than tripled the size of its position in a Bitcoin exchange-traded fund during the third quarter, shortly before the bull market in cryptocurrencies gave way to a brutal selloff. The firm, an independently-run unit of sovereign wealth fund Mubadala Investment Co., increased its holding in BlackRock Inc.’s iShares Bitcoin Trust ETF to almost …
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Crude oil prices fell on Wednesday, with the West Texas Intermediate (WTI) tumbling by more than 3%, after private data from the American Petroleum Institute (API) reportedly showed yesterday that the oil inventories in the United States advanced by 4.4 million barrels in the week that ended November 14, bolstering investors’ fears of oversupply. Russian Deputy Prime …
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Goldman Sachs Group Inc. President John Waldron said markets are primed for possible further declines and investors will be keeping close tabs on the upcoming key earnings report from technology leader Nvidia Corp. “It strikes me the market could pull back further from here,” Waldron said in an interview on the sidelines of the Bloomberg New Economy Forum in …
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Bitcoin’s recent weekly close below the 50-week moving average is a historically bearish late-cycle signal, prompting a 60%–70% probability that the cycle top is already in. A quick reclaim of ~$103,000 would reset the odds back to even, but a second weekly close below the 50-week MA would point strongly toward a confirmed top. If …
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Bitcoin dropped under $90,000, marking its weakest level since April. The drop came after weeks of uneven trading and followed a disclosure from MicroStrategy Incorporated, doing business as Strategy, that it purchased 8,178 Bitcoin for $835.6 million between November 10 and November 16. Bitcoin briefly touched $89,589.51 before recovering as trading swung with volatility. At 10:45 …
Iran seized an oil tanker flying the flag of the Marshall Islands in the Strait of Hormuz, according to flight-tracking data examined by The Associated Press on Friday. Iranian forces intercepted the ship, the Talara, as it was sailing from Ajman, United Arab Emirates, to Singapore, according to a US official. Three small boats were …
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Bitcoin dropped 5% early Friday, falling to $94,483, as a broader risk-off mood swept through global markets. The sharp decline extended losses, pushing the world’s largest cryptocurrency to lows not seen in six months. The drop reflects renewed investor caution as hopes for near-term Fed rate cuts fade and concerns over liquidity and tech valuations …
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