search
Quartz
Trends
- 1
Bitcoin has climbed for a third consecutive week, with reporting from Bloomberg and Quartz attributing the rally to strong demand for US spot exchange-traded funds. Continued inflows into ETF products are seen as a key driver of the price gains, reinforcing institutional interest in the cryptocurrency and keeping market attention fixed on whether the momentum can hold.
- 2Fundstrat's Mark Newton reads market charts after inflation data●Fundstrat MD Mark Newton covers stock market chart patterns post inflation data
Fundstrat managing director Mark Newton analyzed stock market chart patterns following the latest US inflation data. His technical take was carried by Yahoo Finance and Quartz, weighing how prices and indexes are positioned now that investors have fresh consumer price numbers. Traders are parsing whether the data clears the way for further gains or signals a pullback.
- 3EU Weighs Releasing 100 Million Barrels of Diesel and Crude▼E.U. considers releasing 100M barrels of diesel and crude oil
The European Union is considering releasing 100 million barrels of diesel and crude oil from reserves, according to a report by Quartz. The move would aim to ease fuel supply pressures and stabilise energy prices across the bloc amid ongoing market strain. Details on timing and conditions of the release remain limited.
- 4Alibaba in early talks to power Spanish data center with solar●Alibaba is in early talks to supply a Spanish data center with solar power
Alibaba is in early-stage negotiations to supply solar power to a data center in Spain, according to a report by Quartz. The move would align the Chinese e-commerce and cloud computing group with the wider industry push to run data centers on renewable energy as demand for computing capacity and sustainability commitments both grow.