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Walmart sued Tesla on Tuesday for its solar energy panels. In addition to that, the retail corporation accused the firm of widespread negligence, which resulted in repeated fires of its solar systems. The company also ask the court to order Tesla to get rid of its solar panels from over 240 of its U.S. stores. Moreover, the electric car maker installed these...

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The price of the biggest cryptocurrency in terms of market capitalization decreased on Wednesday. Bitcoin was unable to break the resistance. It means that Bitcoin’s price failed to surpass the $11,000 level. Moreover, in several hours price decreased from $10,900 to below $10,100. At the time of writing, Bitcoin’s price slightly increased and reached $10,112....

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The price of Brent crude oil rose by 25 cents to $59.99 a barrel. The price of another benchmark, which is the West Texas Intermediate, also increased on August 20. Its price rose by 19 cents to $56.40 a barrel. It is a well-known fact that oil prices depend on several factors. However, this time, there are two primary reasons which contributed to the rise in oil...

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The number of businesses which embrace cryptocurrencies such as Bitcoin, Ethereum, and other others is on the rise. NBA teams Sacramento Kings and Dallas Mavericks accept cryptocurrencies. It means that fans who would like to pay for the tickets by crypto money no longer have to exchange the cryptocurrencies for the U.S. dollars. Moreover, NBA teams are not alone...

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The Japanese company Sony announced on Monday that it would buy Insomniac Games. As a result, this will make Insomniac the 14th internal studio under the Sony Interactive Entertainment banner. However, the firm has not yet closed the financial terms of the acquisition. And also, it did not give any information about it. Shawn Layden is the chairman of Sony...

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Ethereum is the second biggest cryptocurrency in terms of market capitalization in the world. Ethereum’s price fell to $184. On August 15, the price declined to the lowest point of this month when the price of Ethereum reduced to $173. Digital currencies such as Bitcoin, Ethereum, and others are famous around the world. There are several factors which affected...

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On Friday, the price of primary cryptocurrencies changed several times in one day. The price of the biggest cryptocurrency was unstable as on Thursday price decreased below $10,000. Bitcoin’s price reduced after it lost support at $10,000, it further reduced to $9,650 on Thursday. Based on the information provided by CoinDesk, Bitcoin’s price fell by 21% during...

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Forex News – Hong Kong’s biggest-ever street protest has come to its 11th week, and more are joining the calls for a resolution. Last week, Hong Kongers took out their money from ATMs. The goal was to prove the city was more than just a cash cow. The movement has further escalated the instability due to the protests. The city’s currency has also...

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Gold prices increased on Friday. The price of spot gold increased by 0.2% to $1.525 per ounce. It is an exciting fact that gold prices increased by 2% this week. Also, another good news for investors is that gold prices are rising for a third week in a row. U.S. gold futures increased by 0.3% to $1,535 an ounce. Higher gold prices boosted the demand for this...

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Price of cryptocurrencies such as Bitcoin, Litecoin, and Ethereum changed multiple times during the last 24 hours. It is worth mentioning that Bitcoin’s price continues to decrease for several days in a row. There are several factors which affected the cryptocurrencies. Bitcoin’s price dropped as it was unable to hold the momentum when the price was $10,000. After...

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FX News – As the protests in Hong Kong continue, people are trying out something new to fight back. Protesters are calling for massive ATM withdrawals, taking out as much money as possible from their banks. They could also change their currency into US dollars to protect their own assets. The goal is to send the People’s Republic of China and HK Chief Executive...

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Oil and gold prices decreased on Wednesday, August 14. The price of Brent crude reduced by 46 cents or 0.8% to $60.84 a barrel. It is worth mentioning that the price of Brent crude oil increased on Tuesday by 4.7%. The price of West Texas Intermediate (WTI) also decreased on Wednesday. The WTI crude oil price decreased by 62 cents or 1.1% to $56.48 a barrel....

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Bitcoin and cryptocurrencies in general step by step become more important as an alternative to cash payment. It is true to pronounce that it replaced the cash but the success of Bitcoin is step forward for digital currencies. Some people already compare digital currencies to gold. It means that people would use digital currencies as a precautionary measure during...

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The yen still stands on top of its peers as other major currencies slump in Asian trade. Recent FX news continues to revolve around various geopolitical conflicts, fanning fears of recession, with Treasury yields falling. Safe haven gold also gained strength as investors turned away from riskier assets like stocks. The US Treasury yield curve inverted—the first...

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The price of major cryptocurrencies such as Bitcoin, Ethereum, and Litecoin declined on Wednesday. At the moment, the price of Bitcoin is $10,465. It means that in comparison with the day before, the price of Bitcoin decreased by close to $1,000. Another major cryptocurrency, Ethereum, is also struggling to deal with the current situation. The price of the...

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Fears once again loomed all over Argentina in a financial crisis rushing to the fore. And over the weekend, President Mauricio Macri had a stunning rout in the primary elections. At the same time, investors dropped its bonds, stocks, and currency en masse in a selloff. And it left Wall Street thinking that the crisis-prone country will have another default. In...

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The Australian dollar bounced off its lows today in the forex markets, although the Reserve Bank of Australia hinted at negative rates. In a similar manner, the New Zealand dollar perked up as firmer-than-expected Chinese yuan fixing boosted risk sentiment. The two currencies typically serve as liquid proxies for traders to hedge against emerging market risks....

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The pair failed to breakout from a key resistance line, which will send the pair lower towards a major support line. Unpredictability was seen to be playing its game on the EU-Mercosur trade negotiations. The 20 years negotiation between the European Union and Brazil had finally come into an end after the two (2) economies agreed to draft deal which will open the...