Ethereum Staking Rises, Exchange Reserves Fall: What This Means for ETH

Net Ethereum flows through exchanges increased by more than 6%. ETH has remained below the resistance level. Over the past month, Ethereum [ETH] has experienced a noticeable trend of outflow from exchanges. It indicated that investors were withdrawing their holdings from trading platforms. Despite the decline in exchange balances, the volume of ETH being staked … Read more

DWP PIP warning as ‘vicious cycle’ causes record numbers of Brits to fall ill

More people have claimed unemployment benefits in the first four months of this year than ever before, according to statistics published by the Department for Work and Pensions (DWP). Health experts have warned that whichever party oversees benefits will have to break the “vicious cycle” that is leaving more and more people too sick to … Read more

Airbus shares fall by more than 10% as the aircraft manufacturer lowers its profit expectations

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Shares of Airbus tumbled on Tuesday after the world’s largest aircraft maker cut its annual profit forecast as supply chain disruptions worsened and a charge related to its aerospace business was imposed. The company’s supply … Read more

Gold prices fall due to strong US returns, strong USD after solid US data

Gold reverses gains after hitting a daily high of $2,368, down more than 1.70%. Strong US S&P Global PMI data boosts the US dollar, with the DXY up 0.14% to 105.80. Mixed US economic data keeps speculation alive about Fed rate cuts. The gold price reversed course on Friday and fell more than 1.70%. Economic … Read more

The Bank of England will maintain interest rates even though inflation is likely to fall towards the target

Sunday June 16, 2024 3:50 PM Part Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp E-mail Share via email The Monetary Policy Committee (MPC) left the door open to a rate cut in June at its last meeting in May, but since then a number of data … Read more

The ECB signals euro risks from Russia as global currency reserves fall

Stay informed with free updates Simply log in to the Foreign currency myFT Digest – delivered straight to your inbox. The euro’s share of global foreign exchange fell last year on concerns that plans to use frozen Russian assets to finance Ukraine could further erode the appeal of Europe’s single currency. Other countries cut the … Read more

Apple shares fall as OpenAI deal sparks Elon Musk’s iPhone threat

CUPERTINO, CALIFORNIA – JUNE 05: Apple CEO Tim Cook stands next to the new Apple Vision Pro headset … [+] will be shown during the Apple Worldwide Developers Conference on June 5, 2023 in Cupertino, California. Apple CEO Tim Cook kicked off the annual WWDC23 developer conference by announcing the new Apple Vision Pro mixed … Read more