Day: March 4, 2021

US Senate

US services sector makes an unprecedented fall in February

The US services sector records a drop in February despite the reopening of many businesses involved in the business. In the latest data, the measure came at 55.3 compared to January’s 58.7, failing to surpass analysts’ expectations which is at 58. Nevertheless, it still rests strongly under the area of expansion. Any data above the …

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Microstrategy

MicroStrategy’s CFO makes a high-profile stock sell-off

MicroStrategy’s Chief Financial Officer, Phong Le, sells 10,000 of his MSTR shares for $802.46 each. The sale’s total amount approximately hit $8 million, sources familiar with the matter said. The business intelligence firm has accumulated the market’s attention starting its Bitcoin thrust in August last year. Since then, movements in share prices have been indirectly …

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Pro Traders Are Striving

Pro traders are striving for $2k ETH

One of the main driving factors of the current bullish sentiment is the launch of CME ETH futures and Grayscale Investments’ ETH trust approaching $6.3 billion under management. The decentralized finance phenomenon also extends, as there is currently higher than $21 billion worth of Ether locked in DeFi. As stated by its methodology, the Crypto …

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the tectonic changes

Global semiconductor chip shortage happening

$400 billion semiconductor industry took a huge hit. A deficiency of particular kinds of chips is flashing light on South Korean and Taiwanese companies’ dominance. Request for microprocessors was beforehand going hot before the epidemic hit. It was fed by the arrival of a host of new applications. Those included 5G, self-driving vehicles, artificial intelligence, …

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