Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered and one of the cryptocurrency industry’s most outspoken supporters, has reaffirmed his forecast that bitcoin will reach $100,000 by the end of next year despite a sharp market downturn that he described as a difficult period for digital assets. Kendrick’s comments came after a
Trafigura Group delivered a strong financial performance in the first half of its 2026 financial year, posting a net profit of $4.1 billion despite challenging global conditions marked by geopolitical tensions and supply chain disruptions. The Singapore-headquartered commodities trader announced its half-year results on 4 June 2026, showcasing broad-based contributions across its major divisions. Strong
India and Venezuela are strengthening their energy partnership, with New Delhi describing the relationship as one of “perfect complementarity” amid severe disruptions in oil supplies from the Middle East caused by the ongoing Gulf crisis. Venezuela’s interim President Delcy Rodríguez visited India this week, holding high-level talks with Prime Minister Narendra Modi on Thursday. The
Bitcoin is trading near one of its most closely watched long-term technical levels after a sharp selloff pushed the cryptocurrency toward the low-$60,000 region. The decline comes at a time when spot Bitcoin exchange-traded funds (ETFs) are experiencing an extended period of capital outflows, while liquidations across the crypto market have surged to their highest
European automotive, construction, metals, chemicals, and transport sectors could lose up to 1.3 million jobs this year due to a sharp rise in energy prices linked to the US-Iran conflict, European Labour Commissioner Roxana Minzatu said on Wednesday. Speaking at a news conference, Minzatu warned that energy-intensive industries across the European Union could face significant
US equities remain remarkably resilient, even as a standoff between the United States and Iran over the Strait of Hormuz continues. The S&P 500 gained more than 16% across April and May, a feat achieved only four other times since World War II, according to Deutsche Bank Research. The rally has also been fuelled by
The S&P 500 Index and its ETFs, like the SPY and VOO wavered today as market participants reacted to several important macro events from the United States and other countries. They have officially entered a bull market after rising by over 20% from the lowest point this year. Here are the top five things moving
US private-sector hiring strengthened in May, offering fresh evidence that the labor market remains resilient despite rising inflation and uncertainty stemming from geopolitical tensions in the Middle East. According to data released Wednesday by payroll processor ADP, private employers added 122,000 jobs last month, exceeding economists’ expectations of 110,000 and marking the strongest pace of
British new car registrations increased by about 6% in May compared with the same month a year earlier, supported by robust demand for plug-in vehicles, according to data released by New Automotive on Wednesday. Battery electric vehicles (BEVs) continued to gain market share, accounting for 27% of all new vehicle registrations during the month. The
The Zcash network experienced a halt lasting roughly three to four hours, according to blockchain status observations reported on June 3, 2026. But despite this disruption, the price has held firm, with ZEC trading around $619.05 at press time, showing a 6.29% gain in the 24 hours and maintaining a tight range between $560.69 and