Bitcoin has gained nearly 10% recently but faces a risk of a sharp price drop due to significant outflows from Bitcoin ETFs, especially those managed by BlackRock, the largest asset manager. BlackRock's bitcoin fund has sold nearly 100,000 bitcoins to meet redemptions, with investors currently facing losses of about 40%. Analysts warn that the ETF market remains fragile, with large outflows continuing and limited inflows, potentially undermining Bitcoin's price recovery ahead of key economic data releases like the U.S. consumer price index on July 14. This situation highlights the vulnerability of Bitcoin's price to institutional investor behavior and ETF fund flows.
Eco (Atlantic) Oil & Gas highlighted potential exposure to about 225 million barrels of prospective oil at the PL001 licence in the North Falkland Basin, where partner Navitas Petroleum plans exploration drilling in early 2027. Navitas estimates the ...
Loblaw Companies Limited, Canada's largest grocer, reported strong Q2 2026 results with retail revenue up 4.1% year-over-year and net earnings rising 5.2%. The company benefits from superior purchasing power compared to competitors Metro and Empire, ...
Polymarket's market data shows traders assign only a 1% probability that Bitcoin will reach $100,000 by the end of August, despite a 27.5% price rise this month to around $80,420. The odds for Bitcoin hitting $90,000 or above remain low, while more m...
Chesnara PLC is set to complete its acquisition of Scottish Widows Europe by the end of 2026, adding about €1.7 billion in assets and 46,000 policies. The deal provides Chesnara a Luxembourg base for further European expansion. Despite market volatil...
Volex PLC anticipates its underlying operating profit for the fiscal year ending March 2027 to surpass market expectations following a robust start. The company reported a 28% year-on-year organic revenue increase for the first four months, driven by...
