Crypto bulls have been playing with SAND for the last two weeks, leading to a healthy 85% rally from its lowest price level in June. A bearish correction might be imminent due to profit-taking after t...
Tag: Demand
Mortgage demand stalls again, even as interest rates swing briefly lower
After rising steadily for three weeks, mortgage rates dipped slightly last week, prompting a small increase in refinance activity. Activity from homebuyers, however, pulled back further, leaving total...
Greens Laud New EU ICE Ban, But Manufacturers Demand Fast Charger Action
Fossil fuelled internal combustion engine cars will be banned from sale in the EU in 2035 getty Environmentalists welcomed the European Union (EU) decision to ban the sale of new internal combustion e...
Soaring Demand For Specialty Chemicals Produces India’s Newest Billionaire
Ashwin Desai is the founder and managing director of Aether Industries. Courtesy of Aether Industries Ashwin Desai’s listing of his Surat, India-based specialty chemicals maker Aether Industries this ...
Gnox (GNOX) 63% Price Increase Sparks A Massive Demand And Experts Call It The Next Ethereum (ETH) – Coinpedia – Fintech & Cryptocurreny News Media
Markets are reeling, and investment experts recommend that investors purchase stocks within recession-proof industries like health care, utilities, and consumer staples. One thing all of these industr...
Home Prices Finally Cooling Off? Market Slows In April But Demand Remains High Despite Rising Mortgage Rates
Topline Home prices, which have been shooting up since last year, grew at a slower pace in April, showing signs of a potential cool down in the red-hot housing market, according to new data from S&...
Aerospace & Defense Companies View Their Business Through Ukraine-Colored Lenses
MARIUPOL, UKRAINE – MAY 22: Metinvest employees work at the Ilyich Iron and Steel Works on May 22, … [+] 2014 in Mariupol, Ukraine. (Photo by John Moore/Getty Images) Getty Images A report...
Morgan Stanley: Ethereum 2.0 Launch May Reduce Demand For GPUs
A new report from Morgan Stanley has revealed that if Ethereum switches to a proof-of-stake (PoS) consensus as planned, it will do away with the need for miners, reducing the demand for graphics proce...
GPU Demand Likely to Slow if Ethereum Moves to Proof-of-Stake
Both Nvidia and AMD (AMD) have argued that they have minimized the downside scenarios from crypto, but Morgan Stanley is of the view that there will be a correction lower in gaming GPU in the first qu...
BTC price tops 10-day highs as Bitcoin whale demand sees ‘huge spike’
Bitcoin (BTC) made the most of weekend volatility on June 26 as a squeeze saw BTC/USD reach its highest in over a week. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Unusual whale...
Bitcoin network power demand falls to 10.65GW as hash rate sees 14% drop
The overall power consumption of the Bitcoin (BTC) network recorded a drastic drop after mimicking the two-week-long fall in the mining hash rate, which reduced the commuting power for mining BTC bloc...
New Demand Rises As Senator Seeks Inputs
The Responsible Financial Innovation Act introduced by Democrat senator Kirsten Gillibrand and Republican senator Cynthia Lummis is up for public opinion. After the crypto bill was introduced earlier ...
Demand for adjustable-rate mortgages surges, as interest rates jump
Mortgage applications to purchase a home rose 8% last week compared with the previous week, bolstered in part by demand for adjustable-rate mortgages, according to the Mortgage Bankers AssociationR...
Biden gas holiday ‘only going to fuel the demand’
Target (TGT) CEO Brian Cornell isn’t convinced that a potential federal gas tax holiday, an idea floated by President Biden on Monday, is a real solution to the elevated gas prices facing driver...
Travel demand unlikely to dissipate despite airport chaos
Emirates has said it doesn’t see travel demand dissipating any time soon, even as the industry battles a string of challenges that have already sparked airport chaos ahead of the busy summer hol...
Iran to Shut Down Crypto Mining Farms Amid Record High Power Demand – Mining Bitcoin News
Authorities in Iran plan to unplug licensed crypto mining facilities as electricity consumption in the country is reaching record highs. The mining farms will be cut off from the grid on Wednesday, th...
Iran to shut down Bitcoin miners as electricity demand spikes
The upcoming summer season is set to increase electricity demand in Iran. The Middle Eastern country will reportedly remove licensed cryptocurrency miners from the national grid to prevent outages. Ir...
Smaller Firms Scoop up Crypto Demand as Large Fund Providers Still Unconvinced
Smaller, more specialized firms have been meeting retail investors’ growing demands for cryptocurrency exposure, yet major funds remain wary. In spite of the recent upheavals in the cryptocurrency mar...
Tether Faces Ransom Demand and Massive Denial of Service Attack, According to CTO Paolo Ardoino
The chief technology officer of stablecoin issuer Tether says the firm was hit with a ransom demand amid a distributed denial of service attack (DDoS). Tether executive Paolo Ardoino says that the com...
Oil Steadies as Traders Weigh Outlook for Demand, Fed’s Path
(Bloomberg) — Oil steadied in Asia — after plunging almost 7% on Friday — as traders weighed prospects for higher near-term demand against concerns that aggressive US monetary tighte...
Oil prices end lower to break a string of weekly gains as demand worries linger
Oil futures finished with a loss on Friday, with U.S. and global benchmark prices ending a streak of weekly gains, as investors juggled recession fears and concerns over demand. Price action West Texa...
Demand for cryptocurrency payment gateways rises 40% among merchants
The gap between consumer demand for crypto payments and the lack of merchants taking it on is finally narrowing. When crypto spenders statistically spend double that of credit card spenders, it’s time...
Major Socioeconomic Benefits of Connectivity Are Driving Demand for Off-Grid Power
Connected Society Innovation Fund for Rural Connectivity GSMA In the past few decades, mobile connectivity has significantly transformed global society and the global economy. However, according to GS...
Physical gold demand surges as financial assets bleed out
The confluence of several less-than-once-in-a-generation factors has dragged financial markets down throughout 2022. For those still weighing whether we are in a bear market or not, Vijay L Bhambwani,...
Ford CFO says inflation has erased Mustang Mach-E profits, but isn’t hurting demand
The Mustang Mach-E is Ford’s first new all-electric vehicle under an $11 billion investment plan in electrified vehicles through 2022. Michael Wayland | CNBC Ford Motor‘s CFO said Wednesda...
Boeing Stock Soars On China 737 Max Test Flight, Plane Demand Bets
Updated at 1:25 pm EST Boeing (BA) – Get The Boeing Company Report shares powered higher Wednesday amid news that a key China carrier conducted test fights of the planemaker’s troubled 73...
Homebuilder sentiment drops to lowest level in 2 years as housing demand slows
A contractor frames a house under construction in Lehi, Utah, U.S., on Wednesday, Dec. 16, 2020. Private residential construction in the U.S. rose 2.7% in November. George Frey | Bloomberg | Getty Ima...
Mortgage demand is now roughly half of what it was a year ago, as interest rates move even higher
Total mortgage application volume was 52.7% lower last week than the same week one year ago, according to the Mortgage Bankers Association’s seasonally adjusted index. Sharply rising interest ra...
Luxury brands say China’s latest Covid wave whacked consumer demand
China’s retail sales plunged 11.1% in April from a year ago as Covid controls kept many people at home and malls closed. Pictured here is a luxury store in Shanghai on June 4, 2022, just a few d...
Texas power demand breaks record as severe heat wave hits the state
Yvette Johnson, 54, sits next to a fan outside of her families home on June 10, 2022 in Houston, Texas. Brandon Bell | Getty Images Power demand recently hit a record high in Texas amid a severe heat ...
Dip Bought: Top Whale Buys 356 Billion Shiba Inu As SHIB Enters Into Historical “Demand Zone”
– Advertisement – Top ETH Whale “BlueWhale0073” Scooped Up 356.07 Billion Shiba Inu as SHIB Enters Into Historical “Demand Zone” for the First Time Since October 2021. According to Whale...
Rising loan rates, gas prices ‘a real problem for auto demand’: Analyst
On Friday, new inflation data revealed that it’s still getting more expensive for Americans to buy cars, with prices of new and used vehicles spiking 12.6% and 16.1%, respectively, in the past y...