JPMorgan has highlighted a significant increase in selling and profit-taking across equity and crypto markets, driven largely by retail investors. The global investment bank also observed institutional momentum traders and quantitative funds reducing positions, particularly in stocks, bitcoin, and gold.
Insights on Market Trends by JPMorgan
JPMorgan, a global investment bank, has provided insights…
Tether, one of the largest cryptocurrency companies, has recently released an attestation of its financial activity corresponding to Q1 2024. Tether registered a record-breaking $4.52 billion in profits, and disclosed its net equity levels, reporting $11.37 billion as of…
Report: 30% of UK Watchdog’s Financial Crime Experts Focused on Crypto Businesses in 2022-23
May 3, 2024
According to a report, the Financial Conduct Authority, a watchdog for the financial services industry in the U.K., had 30% of its financial crime specialists focused on crypto-asset businesses. Assessments conducted by supervisors in the U.K. found that not only…
DENVER — Since the Army canceled plans to develop a Future Attack Reconnaissance Aircraft earlier this year, the two anticipated competitors have both moved to make use of their work on the program.
The service is closing out its FARA effort at the end of fiscal 2024. Two teams — Textron’s Bell and Lockheed Martin’s Sikorsky — were competitively building prototypes expected to fly this…
DENVER — The U.S. Army will choose who is to integrate its long-range, high-speed spy plane this summer, a major step in its effort to overhaul existing fixed-wing aircraft that perform intelligence, surveillance and reconnaissance missions, according to service officials…
COLOGNE, Germany — RTX’s Raytheon selected Spanish engineering and technology group Sener to make a key component of the Patriot air-defense system’s interceptor missile at its Madrid site.
The contract, announced by the companies on April 29, covers the…
Gogoro, the global leader in battery-swapping for light electric vehicles like scooters and motorcycles, just can’t seem to slow down. After a week full of major news, the company is back with perhaps its biggest announcement lately: a plan for a major partnership that will see the company greatly expand the use of its swappable battery standard.
Oh, and not just for light electric vehicles…
Nevada utility NV Energy’s largest battery energy storage system sits on a former coal-fired power plant site and will save customers a lot of money.
Swiss-US battery energy storage specialist Energy Vault (NYSE: NRGV) built the 220 MW/440 MWh grid-tied Reid Gardner…
Ford Pro is now taking orders for the newest version of its commercial EV, the E-Transit, with up to 32% more range and faster charge times.
The 2024 E-transit‘s larger 89 kWh battery (up from 67 kWh) provides an estimated range of up to 159 miles. Ford says that makes it…
US Lawmaker Slams SEC's Investigation of Ethereum — Says Chair Gensler Intentionally Misled Congress
May 1, 2024
U.S. House Financial Services Committee Chairman Patrick McHenry has slammed both the U.S. Securities and Exchange Commission (SEC) and Chair Gary Gensler regarding the SEC’s investigation into ethereum, suggesting that ether might be classified as a security. Additionally, the lawmaker emphasized that Gensler intentionally misled Congress on the issue.
‘Chair Gensler Himself Misled…
