Final Capitulation — 5 reasons why Bitcoin could bottom at $10,000

Bear markets have historically been challenging to navigate for traders and the conventional set of “reliable” indicators that determine good entry points are unable to predict how long a crypto winter might last. Bitcoin’s (BTC) recent recovery back above the psychologically important price level of $20,000 was a sign to many traders that the bottom was … Read more

The housing market slowdown is showing up in shipping data from China

Spending cutbacks by the consumer already led to a decrease in Chinese manufacturing orders by U.S. importers of 20-30%, as recently reported by CNBC, and more recent data from U.S. shippers shows the housing market slowdown is now showing up in the Asian supply chain data too. “We are seeing the impact and slowdown across … Read more

Acutus Medical Announces FDA Clearance, Commercial Launch of AcQCross™ Line Extension Compatible with Watchman™ Delivery System

Acutus Medical, Inc. Innovative Transseptal Access System Is First and Only to Feature Integrated Dilator and Needle to Reduce Exchanges CARLSBAD, Calif., June 27, 2022 (GLOBE NEWSWIRE) — Acutus Medical, Inc. (“Acutus”) (Nasdaq: AFIB), an arrhythmia management company focused on improving the way cardiac arrhythmias are diagnosed and treated, today announced the commercial launch of … Read more

2022 Mahindra Scorpio-N launched: Features, Variants and Prices announced!

On June 27, 2022, Mahindra and Mahindra launched the much anticipated Scorpio-N SUV, a successor to its highly popular Scorpio. For months, we had been hearing of several rumours and speculation regarding the Scorpio-N’s features, variants and engine options. Here are the speculations that came true with the launch of the ‘Big Daddy of SUVs.’ … Read more

A shale booster shot: ‘Re-fracs’ rise as cheap way to lift U.S. oil output

June 27 (Reuters) – U.S. shale oil producers are returning to existing wells and giving them a second, high-pressure blast to lift output for a fraction of the cost of a finishing a new well. These “re-fracs” are taking hold as shale oil producers look to take advantage of $100 a barrel crude without making … Read more

Airline trade group requests meeting with FAA to discuss air traffic controller staffing challenges

FOX Business’ Lydia Hu reports on flight cancelations ahead of the busy July 4 holiday.  Airlines for America, a trade group representing major airlines including United, Delta, JetBlue and Southwest, sent a letter to Transportation Secretary Pete Buttigieg requesting a meeting with the Federal Aviation Administration to discuss staffing of air traffic controllers for the … Read more

The Average Electric Car Now Costs $54,000

Photo: Christopher Furlong (Getty Images) The average cost of buying an electric car is now $10,000 more than purchasing a gas-powered vehicle, Japanese lawmakers want to cut targets for zero-emission vehicles, and the Hyundai Ioniq 5. All that and more in The Morning Shift for June 27, 2022. 1st Gear: The Average Cost of EVs … Read more

Credit Suisse found guilty in cocaine cash laundering case

Credit Suisse first major Swiss bank to face criminal trial Former banker found guilty of qualified money laundering Bank plans to appeal BELLINZONA, Switzerland, June 27 (Reuters) – Credit Suisse (CSGN.S) was convicted by Switzerland’s Federal Criminal Court on Monday of failing to prevent money-laundering by a Bulgarian cocaine trafficking gang in the country’s first … Read more