Bitcoin Rises as Cost-Cutting and Layoffs Reverberate Through Crypto Industry

Investing.com – Just as it suffered the risk-off trade earlier this week, Bitcoin rose in Friday trading on the back of a renewed risk on appetite.

However, the trend of BTC/USD seems fragile, and the crypto-currency could at any time resume the downward path and fall back below $30,000.

The crypto sector has also felt the impact of the current economic gloom, with cryptocurrency exchange Coinbase announcing in a blog post by chief human resources officer L.J.

Turkey’s annual inflation rate jumped to a 24-year high of 73.5% in May, fuelled by the war in Ukraine, rising energy prices and a tumbling lira — though the figure was slightly lower than economists had feared.

The production delays impacted automakers throughout China, but peers XPeng and Li Auto both delivered notably more vehicles than Nio last month.

“With the global economy expected to face headwinds, we are concerned about Micron’s more than 50% exposure to consumer-like markets such as PCs, mobile, and other,” Piper Sandler wrote in a note to clients.

In this article, we take a look at 10 stocks that received bullish comments from Jim Cramer recently.

The secret to its success is the cloud-native architecture of its Falcon platform, which allows CrowdStrike to crowdsource a tremendous amount of security data each day.

Amarin Corporation , which is designed to reduce the risk of stroke or heart attack by lowering harmful triglycerides, a type of fat in your blood.

The legendary investor founded his private financial advisory firm, Fisher Investments, in 1979, with just $250 in seed money.

When Nikola CEO Mark Russell said the electric truck maker had an extraordinary year in 2021, nobody argued with him.

The company is also one of only a few REITs that pays a monthly dividend and it currently has an attractive yield of 4.34%.

…Read the full story