The much-anticipated event of Bitcoin halving will soon take place amidst what Coinbase describes as a “weak time of year” for cryptocurrencies. As the distribution of Bitcoin becomes more limited due to halving, investors are preparing for potential market fluctuations.
Bank of Japan Governor Haruhiko Kuroda stated on Monday that Japan’s economy is recovering moderately despite some weakness in recent data.
Gold futures soared to a new record high as weak economic data cast doubts on the global economic recovery. The precious metal closed at $2,000 per ounce on Tuesday, marking its highest level in history.
Weak Sales Outlook
The company’s sales forecast for the current quarter fell short of analyst expectations, sending shockwaves through the market. Snowflake cited challenges in the competitive landscape and a slower pace of customer adoption as the main factors behind the disappointing outlook.
Salesforce reported strong quarterly sales results, exceeding expectations set by industry analysts. The cloud-based software company saw a significant increase in revenue compared to the same period last year. This growth can be attributed to a surge in demand for digital transformation solutions.
Beyond Meat has announced an exciting development in their plant-based burger line, with the introduction of a revamped recipe aimed at boosting weak sales. The new and improved burger will soon be available for distribution across all major grocery stores and fast-food chains.
Home Depot, the world’s largest home improvement retailer, has forecasted a weak performance for the year 2024. The company cited several factors contributing to this anticipated downturn in sales and profits.
The Biden administration is considering delaying its plan to switch the federal vehicle fleet to electric vehicles (EVs) due to weak demand, according to sources familiar with the matter. This potential delay comes as the administration faces challenges in achieving its goal of transitioning the government’s approximately 650,000 vehicles to electric by 2035.
