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Porsche CEO: The United States will continue to be Porsches most important market in the future.On June 23, Google (GOOG.O) shares fell on Monday after another prominent AI leader left to join a competitor. John Jumper, Vice President of Google DeepMind, announced over the weekend that he would be leaving to join Anthropic. Following the announcement, Alphabets stock price fell as much as 7.2%, its biggest intraday drop since February. Just last week, Noam Shazeer, one of Googles most prominent researchers, announced his departure to join OpenAI. The decline in Alphabets stock price coincided with weakness in large-cap tech stocks as a whole. Jumper is a key member of Googles AI programming development team and is considered a recipient of the 2024 Nobel Prize in Chemistry for his research in artificial intelligence.June 23 - According to data released by the U.S. Department of Energy, crude oil inventories in the U.S. Strategic Petroleum Reserve fell to 331.2 million barrels, the lowest level since June 1983. Government emergency petroleum reserves decreased by 9.05 million barrels, marking the third-largest weekly decline on record. This inventory drop is part of a previously pledged plan to release 172 million barrels of crude oil from the Strategic Petroleum Reserve.The U.S. State Department said it was deeply concerned about reports of the Rapid Support Force (RSF) and its allies massing forces near Ubaid, Sudan.Market news: U.S. strategic petroleum reserve crude oil inventories fell by about 9.1 million barrels last week to 331.2 million barrels, the lowest level since 1983.

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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