1h ago
Bitcoin drops nearly $7,000 in three days after rejection at $87,000, briefly hits $80,400
Bitcoin pulled back from the $87,000 resistance level and slid by nearly $7,000 over three trading days, briefly touching $80,400. The move was sparked by the U.S. government transferring crypto holdings, including 834 BTC, to Coinbase Prime, stoking fears of a potential sale. During the transfers, BTC fell $2,000 in 20 minutes and was down 6.9% over the period. Analysts had previously pointed to $92,000 as a target if BTC moved beyond $87,000, but selling followed instead.
BTC
BTC+0.53%
1h ago
2h ago
South African rand eyes weekly gain, poised to end four-week losing streak
South Africa’s rand strengthened on Friday and was set to break a four-week run of declines. A more than 1% rise in gold prices and a softer U.S. dollar helped support the currency. Lower oil prices also provided relief. The rand traded at 16.5275 per dollar in early dealings, up about 0.7% on the week, while the Top-40 index gained 1.4% and the 2035 benchmark bond yield fell 7 basis points to 8.795%.
2h ago
3h ago
Malaysia unveils RM160m joint package with Grab in Budget 2027 for e-hailing and p-hailing workers
Malaysia’s government announced a RM160 million joint financial package with e-hailing platform Grab under Budget 2027 to raise net earnings and improve welfare for e-hailing and p-hailing workers. The package covers higher minimum income, vehicle maintenance and insurance, and Social Security Organisation (Socso) contributions. It also includes measures such as matching incentives and support to encourage social protection and retirement savings for drivers and riders.
3h ago
3h ago
Xiaomi shares jump 9.2% in Hong Kong after SkyNomad SUV tops 70,000 orders in first month
Xiaomi said its newly launched SkyNomad SUV series logged more than 70,000 nonrefundable orders in its first month on the market, helping lift its Hong Kong-listed shares as much as 9.2%. The tally trails the 240,000 nonrefundable orders the YU7 SUV drew within the first 18 hours of its release last year. The company said it delivered more than 40,000 vehicles in September, including 10,000 Skynomad SUVs.
3h ago
3h ago
PepsiCo to raise prices on Doritos, Ruffles and SunChips by single-digit percentages
PepsiCo is increasing prices on snacks including Doritos, Ruffles and SunChips, citing higher costs for fuel, aluminum and agricultural supplies, with hikes in the single-digit percentage range. The move comes just months after the company cut prices in February to win back consumers strained by inflation. Frito-Lay snack volumes were flat year over year, while beverage volumes fell 2%, suggesting demand has not rebounded as quickly as expected.
3h ago