ECB President Says Euro Zone Inflation Still ‘Too High’ as Rate Falls Lower than Expected to 6.1%

Inflation in the Euro zone has fallen to 6.1% as individual countries are also recording reductions. However, Lagarde plans more rate hikes. Euro zone inflation has dropped in May, with a steeper plunge than analysts and observers expected. Flash figures show that headline inflation, which was 7% in April, fell to 6.1% in May. This is the … Read more

High Court Denies Bail for Do Kwon Due to Lack of Concrete Evidence

Kwon is currently expected to show up in court on June 16. The value of Kwon’s property was based on a statement alone, lacking concrete evidence. As a result, the high court has ruled against his bail. The requests to bail out Do Kwon, co-founder of the defunct Terra Labs, were rejected due to insufficient … Read more

Orange Juice Futures Price Trajectory Up as February Record High of $3 Signals

Crop commodities, including orange juice, are bullish following several underperforming weeks and could hit record highs May-ending.  Orange Juice futures climbed 29% this year and is fully recovering following the volatility that succeeded its record highs. The world benchmark FCOJ (Frozen Concentrated Orange Juice Futures) contract remains firmly rooted among raw materials with double-digit gains for 2023. Amid … Read more

Tencent Q1 2023 Earnings Statement Rides High on Increased Payment Volumes, Ad Sales, Gaming

Chinese tech giant Tencent saw its Q1 2023 revenue jump 11% YoY to $21.4 billion amid relaxed industrial regulations.  Tencent Holdings posted its Q1 2023 results, reflecting the company’s fastest jump in quarterly revenue in over a year. The latest quarterly figures also mark a resounding rebound for the Chinese tech giant following a series of … Read more

Bitcoin 2023 Price Rally Is Proof Crypto Would Revisit All-Time High Early Next Year

CryptoQuant’s Business Development executive Benjamin Brannan exposited on the Bitcoin’s ‘favorable’ price optics in 2023.  Crypto trading data analyzer CryptoQuant recently weighed in on Bitcoin’s (BTC) price potential and appeal in 2023. In a media session, representatives from the crypto trading analyzer opined that more institutions could shore up on BTC later this year. The … Read more