Boeing CEO Dave Calhoun has apologized to the National Transportation Safety Board (NTSB) after the company violated investigation rules during a probe of a 737 MAX 9 mid-air emergency. The NTSB said Boeing provided non-public …
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China and Brazil Team Up for Sustainable Beef Traceability
China, the world’s largest beef importer, and Brazil, its biggest supplier, are joining forces to create a pilot scheme for beef traceability. This initiative aims to make beef production more sustainable and transparent, tackling concerns …
Continue readingGold Shines in the Short Term, Copper Still a Mid-Term Favorite: Deutsche Bank Commodity Survey
Deutsche Bank’s latest Global Mining & Commodities Survey reveals a shift in investor sentiment, with gold emerging as the preferred metal in the near term. While decarbonization remains a key driver for commodity demand, concerns …
Continue readingBitcoin’s Volatility: Bollinger Emphasizes Portfolio Pruning
John Bollinger, the renowned trader and creator of the Bollinger Bands indicator, has offered crucial advice for investors navigating the volatile cryptocurrency market. He urges investors to focus on “pruning” their portfolios by eliminating “cruft” …
Continue readingInflation, Japan, Yen, Import Costs, Interest Rate Hike, BOJ
Japan’s wholesale inflation soared in June, reaching a record high for the seventh consecutive month, driven by a weakening yen and rising import costs. The corporate goods price index (CGPI), which measures prices companies charge …
Continue readingAgrotoken and Tanssi Team Up to Revolutionize South American Agro-Finance on Polkadot
Agrotoken, the leading global tokenization platform for agricultural commodities, has announced a strategic partnership with Tanssi, a cutting-edge appchain infrastructure protocol, to transform agro-finance in South America. The collaboration will leverage Polkadot technology to develop …
Continue readingBitcoin ETF Inflows Highlight Strong Investor Confidence Despite Recent Price Fluctuations
Despite recent price fluctuations, investor interest in Bitcoin remains strong, as evidenced by significant inflows into U.S.-listed Bitcoin ETFs, according to Binance CEO Richard Teng. Over the past six months, these ETFs have attracted over …
Continue readingOil Prices Slip as Gaza Talks Ease Supply Worries, Hurricane Beryl Remains a Concern
Oil prices edged lower on Monday after a four-week rally, driven by easing concerns over supply disruptions due to potential ceasefire talks in Gaza. However, the potential impact of Hurricane Beryl on US oil production …
Continue readingAbbott Faces Second Trial Over Premature Formula and NEC Risk
Abbott Laboratories, the maker of Similac baby formula, will face its second trial on Monday over claims that its formula for preterm infants causes necrotizing enterocolitis (NEC), a potentially fatal bowel disease. The trial, in …
Continue readingTexas Energy Industry Braces for Hurricane Beryl, Shutdowns and Evacuations Underway
As Hurricane Beryl intensifies, the Texas energy industry is preparing for its impact. The storm, predicted to reach Category 2 strength before making landfall on the middle-Texas coast early Monday morning, poses a significant threat …
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