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Amazon (AMZN.O): We are working closely with local government and officials to understand the specifics of the incident.Amazon (AMZN.O): Confirmed that an Amazon plane operated by 21 Airlines crashed while landing at Miami International Airport today.On September 7th, the United Nations Conference on Trade and Development (UNCTAD) released its latest Global Trade Update report, which points out that trade in services is reshaping the global trade landscape, but least developed countries (LDCs) are increasingly marginalized in digital trade. The report shows that over the past decade, digitally deliverable services have grown at an average annual rate of 7.1%, now accounting for 56% of global service exports. Meanwhile, the share of LDCs in global service trade has fallen to 0.6%, with digitally deliverable services accounting for only 16% of their service exports. The report identifies insufficient internet connectivity and digital payment infrastructure as major obstacles to LDCs participation in digital trade. The report calls for strengthening digital infrastructure to help developing economies, especially LDCs, participate more fully in global digital services trade.On September 7th, a cargo plane, suspected to belong to Amazon (AMZN.O), overran the runway at Miami International Airport on Sunday. The Federal Aviation Administration (FAA) stated in a statement that the aircraft was a Boeing 767-300 freighter that had taken off from Luis Muñoz Marin International Airport in San Juan, Puerto Rico. According to an alert issued by the FAA, the airport was grounded due to an aircraft malfunction on the runway. U.S. Transportation Secretary Duffy indicated that Miami International Airport could experience significant delays, and some flights might be canceled.The Federal Aviation Administration (FAA) stated that the aircraft that overran the runway was a Boeing 767-300 freighter that took off from Luis Muñoz Marin International Airport in San Juan, Puerto Rico.

BTC Fear & Greed Index Falls Despite BTC Avoiding Sub-$16,000

Jimmy Khan

Nov 24, 2022 15:40

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Bitcoin (BTC) increased by 2.44% on Wednesday. BTC finished the day at $16,613 after rising by 2.87% on Tuesday. For the first time in three sessions, BTC avoided trading below $16,000.


BTC dropped to a low of $16,168 early in the morning following a mixed day's start. BTC surged to a late high of $16,682, avoiding the First Major Support Level (S1) at $15,791. At $16,469, the First Major Resistance Level (R1) was breached by BTC, which ultimately closed the day at $16,613.


On Wednesday, FTX contagion risk decreased even further, supporting the cryptocurrency market desperately needed. Former FTX CEO Sam Bankman-Fried boosted investor hopes after learning that the company had cash reserves of $1.24 billion.


Bankman-Fried wrote in a letter to the staff, "Perhaps there still remains a chance to preserve the company. I think there are many billions of dollars in sincere interest from new investors that could be used to compensate customers. But since I have no control over it, I can't guarantee you anything.


The letter came after news that Justin Sun of Tron and Brad Garlinghouse of Ripple were interested in buying FTX assets. Investors are hopeful that the collapse of FTX will have a minimal effect on creditors given the stated cash holding of $1.24 billion.


The FOMC meeting minutes provided more assistance for the cryptocurrency market overnight. Before the holidays, talk of letting up on the gas helped riskier assets, with the NASDAQ Composite Index increasing by 0.99%. The US economic data underwhelmed, though, restricting the NASDAQ's potential growth.


Since the US markets are closed for Thanksgiving, there are no US statistics to take into account today.


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