Floki has officially announced its new trading bot, revealing a Closed Beta launch. The new bot works on the Ethereum, BNB Chain and Base blockchains. Meanwhile, the FLOKI token will be the main utility token of the new bot, the team announced. Floki Trading Bot launches in Closed BetaAccording to the Floki Inu team, the new trading tool will initially be available to 150 users only during the closed beta phase. “Our aim is to advance the way you trade, making it faster, easier, and more efficient,” the project posted on X. 50% of bot fees to buy FLOKIThe trading bot will feature a 1% fee on a...
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Porsche AG (P911) share price is in deep trouble and the situation could worsen in the coming weeks as its electric vehicle (EV) business slows. The stock crashed to a low of €76 on Monday, its lowest swing since January 26th. It has plunged by over 36% from its highest point on record. Porsche’s China woesPorsche’s stock has imploded as the company has reported weak financial results. Its total sales crashed frm €10.09 billion in Q1’23 to over €9.0 billion in Q1’24. Its battery electric vehicles segment’s revenue tumbled from over €11.4 billion to over €5.7 billion in Q1’24. Porsche’s profits...
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Artificial intelligence could be a huge benefit for the health care space, says Fred Hassan. He’s chairman of the Caret Group. What parts of health care could benefit from AI?Hassan expects AI to help boost productivity across the board in the health sector – be it drug discovery, clinical trials, or patient management. Infectious diseases and oncology in particular will benefit from artificial intelligence in the near term, he told CNBC in a recent interview. Chairman Hassan forecasts AI to be a positive for GLP-1s (weight-loss drugs) as well. Last week, Sanofi partnered with OpenAI to deploy...
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The Brent crude oil price drifted upwards on Monday as investors focused on the upcoming driving season in the United States. It rose for two straight days, moving to the key resistance point at $82.50, higher than last week’s low of $80.60. Driving season aheadThe next crucial catalyst for crude oil price is the US driving season, which starts after the Memorial Holiday weekend. This season is characterised by more driving in the United States and higher demand for gasoline. In some cases, oil prices tend to rise during the driving season, which explains why Joe Biden’s administration has ann...
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Often considered the ‘poor relation’ of gold as a safe haven stock, the silver spot price (XAGUSD) has shone of its own accord recently. The XAGUSD spot price is up almost 4% today so far, at around 3.8%, to over $30.80 per troy ounce. In fact, silver’s price is up by more than 31% this year to date and over 16% in the past month. This is even more of a rally than the gold spot price (XAUUSD), which has so far increased somewhere in the region of 13.5% this year to date, and less than 1% in the past month, at the time of this article’s writing. The silver bulletSilver hit a multi-year high on ...
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The Argentine peso (ARS) continued its freefall this week even as demand for the currency plunged. The USD/ARS pair surged to a record high of 900, much higher than January’s low of 350. It has risen by almost 2,000% in the past five years, a move that has seen Argentine’s purchasing power evaporate. Argentina’s currency has plunged even as Javier Milei continues implementing his turnaround strategy. He has already achieved some of his campaign promises like lowering inflation. Monthly inflation has plunged from 25% in December to 9.2% in April and the trend could continue. Annual inflation, o...
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Injective (INJ) price has struggled since dipping from highs of $52 on March 11. But after printing a red candle in March and April – the latter with -35% monthly return – the price of INJ looks primed for a green print for May. Crypto analyst Ali says Injective is flashing a buy signal. Technical analysts use the said indicator to identify potential price reversals, in this case, it’s one likely to catapult INJ prices higher. Fireblocks integrates InjectiveThe positive outlook for Injective price comes as the broader crypto market eyes a fresh bounce. It follows a slight bounce after last wee...
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The price of Polkadot (DOT) recently hit $11.54 for the first time since May 2022, and despite a 35% decline over the past two months, it is trading 42% higher compared where it was trading last year the same time. Well, while the 35% decline caused panic among some traders, some saw it as a buy opportunity especially because of the notable developments within the Polkadot ecosystem. In this article, we shall look at these recent developments that have a potential impact on the future of Polkadot price movement. Potential use of Polkadot in decentralizing TikTokTikTok, with over 170 million us...
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Ford Motor Co (NYSE: F) is up roughly 20% versus its year-to-date low but a Bernstein analyst is convinced it has significant room still to the upside. Ford stock could climb to $16Daniel Roeska assumed coverage of the legacy automaker last week with a “buy” rating and said it shares could climb to $16 which translates to about a 33% upside from here. The EV segment of $F known as the “Model e” lost $4.7 billion in 2023. Still, the Bernstein analyst told clients in a recent research note: While electric execution looms large, we see a clear path to significant operating leverage and ultimately...
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Boeing Co (NYSE: BA) is in focus this morning after announcing a new contract with the U.S. Air Force. Details of new Boeing-Air Force dealThe aerospace and defence giant has signed a $7.48 billion agreement related to JDAM (Joint Direct Attack Munition) with the Air Force Life Cycle Management Center, Hill Air Force Base, UT. $BA expects the contract that will see it deliver JDAM tail kits, repairs, spares, technical and Laser Joint Direct Attack Munition sensor kits to be completed by early 2030. The news arrives about a month after Boeing Co reported its financial results for the first quar...
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