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Nasdaq announced on its website that Lumentum will be included in the Nasdaq 100 index on May 18.U.S. Central Command: U.S. forces in the Middle East remain on high alert.May 9th - The China Federation of Logistics and Purchasing (CFLP) released its April China Warehousing Index today (May 9th). The index remained in the expansion range, indicating a continued stable and positive trend in the warehousing industry. The April China Warehousing Index was 51%, maintaining its expansionary position for the second consecutive month. Looking at the sub-indices, the new orders index, facility utilization rate index, and ending inventory index all continued to expand, while the average inventory turnover index remained at a high level, showing steady growth in warehousing demand, good cargo turnover efficiency, and smooth supply chain connectivity. In terms of product categories, the peak season for production and construction drove a rebound in warehousing demand for bulk commodities such as chemicals, coal, and machinery, while pre-sales for the May Day holiday boosted demand for consumer goods such as food, home appliances, and agricultural products. Regarding market expectations, the business activity expectation index for April was 55.1%, remaining at a high level, reflecting continued optimism among businesses. Overall, the warehousing industry operated steadily in April, with continued release of market vitality, achieving a good start to the second quarter.On May 9th, the World Health Organization (WHO) updated the latest data on the COVID-19 outbreak on the cruise ship "Hundius" on May 8th. As of May 8th, a total of 8 cases had been reported, including 3 deaths. Of the 8 cases, 6 were confirmed cases and 2 were suspected cases. The 6 confirmed cases were identified as being infected with Andean virus.On May 9, according to the Korean Central News Agency (KCNA), North Korean leader Kim Jong Un sent a congratulatory message to Russian President Vladimir Putin, extending his sincerest congratulations and greetings to the Russian government and people on the 81st anniversary of the victory in the Great Patriotic War. The message stated that North Korea highly values and is steadfastly committed to developing and deepening the comprehensive strategic partnership between North Korea and Russia, and will always responsibly fulfill its treaty obligations to the two countries. The message also stated that Pyongyang stands with Putin and the Russian people.

Bitcoin falls below $19,000 as cryptos creak under rate hike risk

Skylar Shaw

Sep 20, 2022 14:27

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On Monday, cryptocurrency prices hit new lows as a result of regulatory worries and a general investor reluctance to engage in risky assets due to impending interest rate increases.


By market value, Bitcoin, the most valuable cryptocurrency, dropped almost 5% to a three-month low of $18,387.


The second-largest cryptocurrency, ethereum, lost 3% to a two-month low of $1,285 and had lost more than 10% in the previous day. The majority of the smaller tokens had larger losses.


Over the weekend, a significant update to the Ethereum blockchain—which supports the ether token—called the Merge changed how transactions are handled and reduced energy consumption.


The value of the token has decreased amid rumors that comments made last week by Gary Gensler, chairman of the U.S. Securities and Exchange Commission, suggested the new structure would draw further regulation. The upgrades' surrounding trades were likewise unwound.


The regulatory outlook is guesswork, according to Matthew Dibb, COO of Singapore's Stack Funds cryptocurrency platform.


Since the Merge, the markets have shed a lot of their excitement, he said. Given the uneasy global background, he said, "It's truly been a sell-the-news sort of event," and predicted that ether will test $950 in the near future.


"From a basic and technological standpoint, the current situation does not appear promising. There isn't a clear quick positive trigger that will support these markets and inject a ton of fresh cash and liquidity, in our opinion.

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