Adidas has issued a warning of falling sales in North America as it continues to sell off Yeezy inventory. The sportswear giant has reported a decline in revenue from its North American business, citing a decrease in demand for its Yeezy sneaker line.
Bitcoin exchange-traded funds (ETFs) experienced a rapid surge in popularity on Wednesday, with over $1 billion worth of assets being allocated in just one day. This significant increase in investment signifies a growing interest in the cryptocurrency market.
The Federal Trade Commission (FTC) issued a warning today about a recent increase in voice phishing scams targeting individuals. The announcement comes after New York Magazine’s finance columnist revealed that she fell victim to a $50,000 scam involving a fake phone call.
Alaska’s largest natural gas utility company, Enstar, has issued a warning about the potential for natural gas shortage issues by 2026. The company highlights a range of factors contributing to this concern, including growing demand, limited supply, and an aging infrastructure. If not addressed promptly, these challenges could significantly impact the availability and affordability of natural gas in the region.
A renowned crypto analyst has raised concerns about the future price performance of Bitcoin, emphasizing the possibility of a significant plunge in the cryptocurrency’s value. By examining a carefully crafted chart, the analyst aims to shed light on potential price targets for Bitcoin. This analysis could help investors make informed decisions in the volatile crypto market.
Microsoft has issued a stark warning regarding the increasing number of APT29 espionage attacks, which continue to pose a significant threat to organizations worldwide. The cybercriminal group, also known as “Cozy Bear,” has been actively targeting a wide range of sectors, including government entities, think tanks, and pharmaceutical companies.
Helsinki-based telecommunications giant Nokia witnessed a significant surge in its stock price, jumping 7% on Tuesday after the company unveiled a $653 million share buyback program. This positive news comes as a boost for Nokia, as it aims to reward its shareholders and build confidence in its future prospects.
# Growing Pains Ahead for Plug Power
Howard Lutnick, the CEO of Cantor Fitzgerald, a leading financial services firm, has issued a warning about the state of the US real estate market in the year ahead. Lutnick has predicted that the market will be ‘very ugly’ due to various factors that have been adversely impacting the industry. This forecast comes as a blow to investors and homeowners who have been hoping for a swift recovery from the setbacks caused by the COVID-19 pandemic.
Natural gas consumers across the country should brace themselves for an expected increase in prices during the ongoing cold snap, warns Xcel, a leading energy provider. The company predicts that the sudden surge in demand for heating due to the plunging temperatures will result in higher gas prices.
