TITAN Financial

2022-08-29 19:30:05 Apple filed trademark applications for its AR/VR headset

Dell shares fell the most since 2018 amid demand concerns

Walmart offers to buy South African retailer Massmart in $377 million deal

Elon Musk says the world still needs oil and gas

Honda Motor and LG Energy to build battery plant in Ohio

#business_digest Open / Comment

2022-08-29 17:00:16 64% of surveyed American parents want their kids to study crypto in school

A recent survey found that 64% of American parents believe cryptocurrencies should be a subject for their children's education. However, only 25% said that the study of NFT should be included in school programs.

New York City Mayor Eric Adams is also a supporter of such educational amendments.

Nearly two-thirds of the 800 surveyed American parents said cryptocurrencies should be taught in schools. 40% of the participants believe their kids should also study blockchain technology, while 35% think the Metaverse should be included, too.

68% of parents admitted to being cryptoinvestors.

In addition, 67% of college graduates believe cryptocurrencies should be one of the subjects in school, and 36% said blockchain technology should be added as well.

It's worth noting that 86% of graduates believe that having knowledge about cryptocurrencies and technological innovation is more important than a college degree, Binance.

via.TITVN Open / Comment

2022-08-29 15:00:16 Powell’s 8-minute speech erases $78 billion from richest americans

In just eight minutes, Federal Reserve Chairman Jerome Powell caused a market decline that cut the fortunes of America's richest people by $78 billion.

Jeff Bezos lost $6.8 billion, the most among the world's richest people. Elon Musk lost $5.5 billion. Bill Gates and Warren Buffett's fortunes were down $2.2 billion and $2.7 billion, respectively, and Sergey Brin's fortune dropped below $100 billion.

Powell used his speech at the Fed's annual policy forum in Jackson Hole, Wyoming, to confirm that the U.S. central bank will continue to raise interest rates and will probably leave them higher for a while to lower inflation.

The S&P 500 fell 3.4%, its worst drop since mid-June. The Nasdaq 100 Index fell more than 4%.

The world's 500 richest people lost $1.4 trillion in the first half of 2022, Bloomberg.

via.TITVN Open / Comment

2022-08-29 12:30:05 The Fear & Greed Index today is 24, the level is "Extreme Fear"

The Fear & Greed Index today is 24. The level of fear has increased significantly from "Fear" to "Extreme Fear" compared to yesterday.

The Fear and Greed Index analyzes the current market sentiment, which is presented as a simple number from 0 to 100. 0 means "Extreme Fear" and 100 means "Extreme Greed".

- Extreme fear can be a sign that investors are overly concerned. It may be a good opportunity to buy an asset.

- When investors become extremely greedy, it means that correction may be near.

The index is calculated with volatility (25%), market momentum/volume (25%), social media (15%), dominance (10%), Google trends (10%) and polling (15% - currently on hold), Binance.

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2022-08-29 12:00:20 #quotes Open / Comment

2022-08-29 10:00:22 At the moment the price of Bitcoin (BTC) is $19,836, Ethereum (ETH) is trading at $1,454, the price of Binance Coin (BNB) is $278.

Of the top 100 cryptocurrencies by market cap, eCash (XEC) showed the largest growth over the past 24 hours + 25,88%.

Avalanche (AVAX) showed the biggest drop among the top 100 in the last 24 hours - 10,07%.

#crypto Open / Comment

2022-08-29 09:00:02 Russian сorporate profits jump 25% as sanctions hit muted

Russian companies' profits jumped 25% in the second quarter, even as sweeping U.S. and European sanctions imposed in the wake of the Kremlin's invasion of Ukraine pushed the economy into recession.

Profits jumped to 9.5 trillion rubles ($144 billion at the average exchange rate for the period), with year-over-year growth outpacing the 17% increase in consumer prices over the period.

The manufacturing sector, which was hit particularly hard by sanctions that cut off key imported components, still managed to increase profits by 44%, and the logistics sector saw a 168% increase.

The wholesale and retail sector suffered a drop in sales, with profits down 13%, and revenues in the mining sector fell 51% as sanctions hit key producers. In the technology sector, where Western companies left en masse, profits fell by 48%, Bloomberg.

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2022-08-28 19:30:00 Polygon will soon introduce Web3 game ecosystem GameSwift

GM reinstates dividend and share buyback after two-year hiatus

Nvidia made weak forecast for current quarter, adding to investor concerns

Bosch-backed startup WeRide plans IPO

Chip sales to fall further amid fears of global recession

#business_digest Open / Comment

2022-08-28 17:00:02 US demand to lift India’s lab-made diamond exports to $8 billion

India, which cuts or polishes about 90% of the diamonds sold in the world, is ramping up sales of laboratory-made gems as demand from the US surges and they become more accepted in other markets.

Artificial diamond exports could double this fiscal year from $1.3 billion the previous year. Analysts see huge potential for exports to grow to $7 billion to $8 billion over the next few years.

Lab-grown diamonds currently account for a small part of the market - last year, India supplied nearly $24 billion worth of naturally mined diamonds. Nevertheless, demand for this much cheaper variety is growing.

India's exports of manufactured diamonds jumped by about 70% in April-July to $622.7 million, while exports of mined diamonds fell by about 3% to $8.2 billion.

India accounts for about 15% of the world's production of synthetic diamonds, Bloomberg.

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2022-08-28 15:00:02 South Korean private investors hold $15 billion stake in Tesla

During the pandemic, South Koreans invested massively in Tesla stock, increasing their combined stake more than a hundredfold to about $15 billion, making them key shareholders in one of the world's largest companies by market value, with a collective stake as large as Larry Ellison or the American asset manager T. Rowe Price Group Inc.

Although Tesla stock has fallen more than 25% since its 2021 high, it has risen 1,900% in the past three years. This compares to a rise of about 40% for Samsung Electronics Co.-the most popular local stock in Korea.

As of August 17, the Koreans owned about 1.6% of Tesla stock. That's more than their combined investments in Alphabet, Apple, Microsoft and Nvidia, data show.

Experts estimated that private investors from around the world, not counting Musk and Ellison, own about 15% of Tesla, Bloomberg.

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