Investing

Investing.com - While Bitcoin remained in the $67,000 range before the economic data to be announced in the US, losses exceeding 5% were observed among altcoins with high market value.

After Bitcoin was quickly rejected at the $70,000 level in transactions at the beginning of the week, there were moves towards the $67,000 limit. Some market commentators emphasized the decline in momentum in the Bitcoin market, warning that its negative momentum could continue towards... (continue reading...)

Investing.com - Hertz Global Holdings (OTC: HTZGQ) Inc (NASDAQ: HTZ) is considering various financing options, according to Bloomberg. This move comes just weeks after the firm's new CEO committed to steering the company back on the right path, following a misguided investment in electric vehicles.

The car rental giant is reportedly working with financial advisors to review its options. At this time, it's uncertain whether Hertz is looking to secure new equity, debt, or... (continue reading...)

Lorie Logan, the President of the Dallas Federal Reserve Bank, said today that she sees inflation making progress towards the Federal Reserve's 2% target.

Speaking at an event in El Paso, Texas, Logan conveyed a cautious optimism about reaching the inflation goal, albeit with an acknowledgment of potential deviations from the expected path.

"I think there's good reasons to think that we're headed to 2% -- we're still on that path, perhaps a bit slower and a little bit... (continue reading...)

Investing.com-- Oil prices fell in Asian trade on Friday, extending recent losses after unexpected builds in U.S. product inventories drummed up concerns over sluggish fuel demand, while signs of weakening business activity in top importer China weighed.

An upcoming meeting of the Organization of Petroleum Exporting Countries and allies (OPEC+) was also in focus, with the cartel likely to extend ongoing production cuts past a June-end deadline.

Brent oil futures... (continue reading...)

Investing.com-- Gold prices steadied in Asian trade on Friday, with traders remaining wary of the yellow metal before key U.S. inflation data that is likely to factor into the outlook for interest rates.

Among industrial metals, copper prices slipped tracking weaker-than-expected purchasing managers index data from top importer China. 

Metal markets saw some relief on Friday after the dollar slid from over two-week highs in overnight trade, tracking weak gross domestic... (continue reading...)