Watch These Bitcoin Price Levels as Cryptocurrency Mints New Record High Above $94K
Key Takeaways
- Bitcoin is likely to remain in focus on Wednesday after the cryptocurrency hit another record high around $94,000.
- The cryptocurrency has registered its highest trading volumes since mid-March, signaling buying activity from larger market participants, such as institutional investors.
- A measured move,
Federal Reserve to announce potential rate cut decision Thursday
Nov. 6 (UPI) — Prognosticators anticipate the Federal Reserve on Thursday will announce a second rate cut after lowering the federal lending rate by 0.5% in September.
The expected rate cut would be half that amount at 0.25%, which would lower the Federal Reserve’s lending rate to between 4.5% and 4.75%.
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Read MoreChina signals it’s keen on reset in ties with India, get back to doing business
As China slows down and faces prospects of an escalating trade war with the United States after Donald Trump takes charge as the US President, business and political leaders in Beijing, Shanghai and Shenzhen, hope for a reset in China’s economic ties with India.
The disengagement along the borders has provided the opportunity to “look into the future”,
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Read More3 Affordable Cloud Tech Stocks With High Growth Potential
Businesses across industries are transitioning to cloud-based services to enhance operational efficiency and reduce costs. This makes the cloud tech sector primed for outsized growth. Therefore, investors looking for an opportunity to capitalize on the sector’s growth prospects might consider cloud tech stocks CCC Intelligent Solutions Holdings Inc. (CCCS),
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Read More10 Best Renewable Energy Penny Stocks to Invest In
Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!
The whispers are turning into roars.
Artificial intelligence isn’t science fiction anymore.
It’s the revolution reshaping every industry on the planet.
From driverless cars to medical breakthroughs,
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Read MoreThe Burst
3 Stunning Buffett Stocks Set To Soar
Stoneco (STNE) is a leading provider of payment solutions for e-commerce businesses and merchants in Latin America.
In Q3, the company reported revenue of approximately $390 million and EBIT of nearly $33 million.
The platform has attracted over 2.3 million SMBs yet the stock has seen a significant decline of over 40% this year as political challenges in Brazil and a rising interest rate environment acted as headwinds.
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Read MoreThe Ivy
1 Brazilian Stock To Buy and Hold for 10 Years
MercadoLibre (MELI), the Brazilian e-commerce behemoth that’s not just commanding the online marketplace but is also bulldozing its way into fintech and beyond is often dubbed the “Amazon of Latin America,” but this comparison, while flattering, might be a disservice. It may also unfair to label it just a Brazilian company because it features in Argentina and Mexico too.
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