headwinds

Bitcoin staged and impressive performance rising about 10% over the last seven days, but bulls appear to have been stoppped by stiff resistance from the $52,000 level. However, the technical setup points to a possible upswing to $65,000. Let’s find out how. BTC bulls should hold above $52,000 to sustain the uptrend After rising above $52,000 on Feb. 16, BTC has see-sawed around this area, suggesting supplier congestion around this area. Data from market intelligence firm IntoTheBlock shows that a total of…

Australian software giant Canva is nearing a $US1.5 billion ($2.27 billion) share sale in what would be one of the largest secondary transactions in global technology history.The Age and The Sydney Morning Herald understand that the share sale, from current and former Canva employees, would value the company at $US26 billion and would allow current and former employees as well as existing investors to sell shares to new investors.“The transaction is still in the final stages of closing so this number may move around…

The first week of 2024 has already been a rollercoaster of good and bad news for President Joe Biden’s offshore wind ambitions. The nation’s first large-scale wind farm just started producing power for the New England power grid. The bad news is that another major project on the East Coast threw in the towel, the latest casualty of skyrocketing costs that are pushing Biden’s offshore wind dreams out of reach.The plan, according to the Biden administration, was for the US to get 30,000MW of energy from offshore wind by…

Qualcomm forecast fourth-quarter sales below market expectations on Wednesday and said it would likely cut jobs as consumer spending on gadgets like smartphones remained stubbornly weak amid slowing global economic growth.The San Diego, California-based company said it also expects no further sales to Chinese telecom giant Huawei because it does not have a license to sell 5G chips to Huawei. More broadly in China, a slower-than-expected economic recovery weighed on orders to Qualcomm. Smartphone shipments in the world's…

Despite global macroeconomic headwinds, brokerages and analysts remain bullish about the Indian IT sector’s market opportunities in the event of a downturn, said a report by credit rating agency S&P Global Ratings. This, however, does not mean that their growth over the next 18 months is immune to global shocks. Market researchers expect the Indian companies to ride over difficult times backed by strong balance sheets and execution prowess. ETtechRated India IT companies have strong financial profiles. They are in a…

HealthThe shot won FDA approval as a new study finds a 14-percentage-point drop in vaccine confidence since the Covid pandemic HealthThe shot won FDA approval as a new study finds a 14-percentage-point drop in vaccine confidence since the Covid pandemic FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners,…

<!----> Which one did you say you want? Automotive component suppliers are facing major headwinds as they also attempt to address value chains configuring towards electric vehicles, according to a study by consultants Deloitte. Deloitte said its…

WASHINGTON—Global economic growth is cooling while facing risks from the volatile banking sector, high inflation and climbing interest rates, the International Monetary Fund said Tuesday. Total economic output is projected to increase 2.8% this year, a slowdown from 3.4% last year, as nations continue recovering from slumps caused by the pandemic and the war in Ukraine, the IMF said in its latest World Economic Outlook report. Its new 2023 forecast was little changed—just 0.1 percentage…

Global macroeconomic and financial sector headwinds are set to take a deep toll on the domestic IT companies' revenue growth in FY24, a report said on Friday. The Rs 10 lakh crore sector is likely to witness revenue growth plunging by up to 9 percentage points to 10-12% in FY24 as against the nearly 20% growth estimated in FY23, Crisil Ratings said. "Headwinds in key markets, especially the BFSI (banking, financial services and insurance) segment in the US and Europe, will affect the revenue growth of domestic IT services…

Headwinds — economic, political, social — continue to batter the real estate market nearly three years after the start of the pandemic and industry representatives see collaboration with public officials as key to revitalizing downtown Denver and meeting the demand for affordable housing and other needs. High inflation, rising interest rates and costs and new government requirements are creating more challenges as business districts struggle to rebound in the face of still-empty offices and less foot traffic, according to…