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Bitcoin Surges Past $74,000 but Analysts Warn of Bear Market

Key Points: Bitcoin prices jumped 4% to break back above the $74,000 mark during Tuesday trading. The cryptocurrency still sits roughly 40% below its all-time high of $126,000 set last October. Wall Street analysts warn the recent jump is just a temporary rally driven by short covering, not real demand. Author Michael Terpin expects the...

China’s Victory Giant Launches $2.23 Billion Hong Kong Share Sale

Key Points: Victory Giant plans to raise to $2.23 billion in a massive Hong Kong share offering. The printed circuit board maker will use 74% of the new funds to expand its Chinese factories. High-profile cornerstone investors agreed to buy almost $997 million of the newly issued shares. The massive deal tests the strength of...

Oil Prices Surge Past $100 as US Navy Blockades Strait of Hormuz

Key Points: Global oil prices spiked past $100 per barrel after peace talks between the United States and Iran collapsed. Brent crude futures jumped nearly 8% to hit $102.80, while US West Texas Intermediate soared to $104.88. President Donald Trump ordered the US Navy to blockade all maritime traffic moving in and out of Iranian...