SYDNEY — Australian fast-food chain Guzman y Gomez plans to go public on the Australian Securities Exchange on June 20, the company announced on Friday, looking at a valuation of around 2.2 billion Australian dollars ($1.5 billion). The company expects AU$242.5 million to be raised from the initial public offering. The listing includes AU$200 million…
By Lawrence G. McMillan Back in 2014, we published an article entitled “Sell In May and Go Away…or don’t.” At this time, we’re going to update the data in that article and discuss what it means. It was in the double issue, TOS Volume 23, Nos. 9 & 10, published on May 23, 2014. There…
Bitcoin’s price has maintained a remarkably tight trading range near $68,000 following the U.S. Memorial Day holiday, with a slight dip approaching the week’s low in Friday’s morning trading hours. At 11:45 am ET, bitcoin was priced at $67,300, down 1% over the past 24 hours and 2% from its peak two hours earlier at…
Japanese cryptocurrency exchange DMM Bitcoin has disclosed a significant breach resulting in the loss of 4,502.9 BTC, equivalent to $305 million, to hackers. The stolen funds were reportedly divided into 10 wallets, with each holding batches of 500 BTC, according to data provided by security firm Blocksec. In response to the breach, DMM Bitcoin has…
Advertisement     Cryptocurrency luminary and early Bitcoin prophet Davinci Jeremie has projected that Shiba Inu (SHIB), the self-proclaimed “Dogecoin-killer,” is set to experience a meteoric rise of over 100%. In a tweet on Tuesday, Jeremie confidently stated, “Once it’s finished going down, and it breaks out, could break out above the 0.000025 or…
By Hannah Lang NEW YORK (Reuters) -The dollar was lower on Friday and on track for its first monthly decline in 2024 after data showed U.S. inflation rose in line with expectations in April, offering little clarity on how soon the U.S. Federal Reserve will be able to cut interest rates. The personal consumption expenditures…
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A widely followed crypto analyst is suddenly turning bullish on one low-cap Ethereum (ETH)-based altcoin project. Crypto strategist Michaël van de Poppe tells his 719,400 followers on the social media platform X that Skale Network (SKL), an Ethereum sidechain, could soar 150% from its current value. “SKL is looking great. Did reject at the first…
By Lewis Krauskopf NEW YORK (Reuters) – It’s been a banner year for the major U.S. stock indexes, but one economically sensitive corner of the market sticks out as a sore spot. The Average has fallen about 5% so far this year, a significant contrast with the 9% year-to-date rise for the benchmark and the…